Mega pastor Joel Osteen went viral this week because of his church’s response to hurricane Harvey. According to the New York Daily News, it’s “easier to pass through the eye of a needle than to get inside Joel Osteen’s mega church in Houston to shelter from the worst of Hurricane Harvey.”
But Joel Osteen has plenty of money and ability to provide for those who need help from hurricane Harvey. For decades, Osteen has been a multi-multimillionaire, with a 17,000 seat church and a budget of $70 million a year.
So what is Joel Osteen net worth 2018? Read on…
Joel Osteen started out as a regular pastor, doing small sermons with his father at Lakewood Church. Lakewood Church began as a small church, but even when Osteen started preaching there, it already had 5000 members. These days, the membership is closer to 60,000 people, and the church fills a former NBA arena with 17,000 seats.
Every week, 30,000-50,000 people attend church at (or remotely via) Lakewood.
The amount that Joel Osteen spent in order to renovate and prepare the building for Lakewood church was over $100 million. In addition to that, he spent $11 million in rent, and around $10 million to buy the property (after renting for a while) in 2010.
Just the television portion of Joel Osteen’s ministry spends $30 million a year, according to the Christian Post.
Lakewood Church has an annual budget of $70 million.
Originally, Joel Osteen earned a salary of $200,000 from the church; however, he currently does not technically receive an income from the church itself. His actual income comes from book sales and other ancillary ventures, although he receives a lot of benefits from the church.
There are many contrasting reports of Joel Osteen’s net worth. Many sites, including the International business Times and Heavy, are reporting a number from one source which claims that Osteen has a net worth of $40 million in 2018. That source has no information to support its claims.
Wikipedia, meanwhile reports that Osteen’s net worth is $56,508,500. However, that number comes from an extremely questionable source, with no backing information.
Joelosteenministry.com, which purports to be directly related to Osteen, puts his net worth at $50 million.
What we do know for sure is that Joel Osteen recently purchased a $10.5 million mansion, in addition to another house he had, which is worth $2.9 million.
Another data point — book sales, which are where Osteen makes most of his money: Osteen’s first book sold 10 million copies, at about $15/book. Given standard royalty agreements, that’s $20-$30 million. And Osteen has several other books and materials for sale.
From books, that would put Osteen’s total earnings at at least $60 million. We can then add to that other income sources.
Given these numbers, we can come up with a total net worth estimate for 2018. In total, we estimate Joel Osteen net worth 2018 at $60-$80 million.
Photo credit: Robert Worsham