InvestorsHub Logo
Followers 125
Posts 17118
Boards Moderated 0
Alias Born 04/19/2006

Re: None

Tuesday, 02/15/2011 7:30:36 PM

Tuesday, February 15, 2011 7:30:36 PM

Post# of 447446
Glenn Beck is calling on the American people to support his cause for the elimination of social security except for the elderly who are receiving it today.

His message should go out first to the Billionaires, and millionaires, and all those in Congress present and past to give up theirs. Plus their perks, plus their health insurance, government credit cards, and a host of other things.

Glenn Beck can make these big bold statements because he's secure in his millions. But ask the guy who worked 30 years for the subsidiary Enron purchased, and his pension. The stock he owned coverted to Enron stock. It was an electric company on the West Coast. He had over $200k in it. When he was allowed to sell it, it was worth a little more than $200.

Just how handsomely does it pay to be one of the most controversial men in America? For Glenn Beck, $32 million.

Beck, who became a household name in 2009, pulled in the shocking sum through a revenue stream that includes books, radio, TV, digital media, and speaking fees.

Interestingly, Forbes reports that Beck's Fox News contract is the least lucrative of all his ventures.

According to the Forbes analysis, Beck earned $12 million from book sales thanks to his "profit participation co-venture with Simon & Schuster typically reserved for authors like Stephen King." He has a five-year, $50 million contract with Premiere Radio Networks that netted $10 million for the year. His website, supported by both ads and an "Insider" subscription service as well as retail merchandise sales, brought in another $4 million. Speaking fees and events like his "Bold Fresh Tour" with Bill O'Reilly earned him $3 million, and his Fox News contract brought in $2 million. Add in a final $1 million from his Fusion magazine, and Beck had a $32 million year.

Beck told Forbes that he is more interested in the business than the politics of what he does.

"I could give a flying crap about the political process," he said. "We're an entertainment company."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.