Mitch Albom Net Worth: $10 million
Mitch Albom is a celebrity author, broadcaster, and journalist who can best be described as a jack of all trades and a master of none.
He is widely regarded as a success story, and his work has touched many lives and continues to do so. This legendary author has sold over 35 million books worldwide, and books like The Five People You Meet in Heaven, For One More Day, and The Timekeeper have earned him critical acclaim and rave reviews.
In this case study, we review Mitch’s net worth and other details about his life to inspire others.
|Net Worth:||$10 Million|
|Full Name:||Mitch Albom|
|Birth Place:||Passaic, NJ|
|Birth Date:||May 23, 1958|
|Source of Net Worth:||Book Sales, Speaking|
Mitch Albom was born in New Jersey, in Passaic, to be precise. However, while he was yet a child, his parents lived in Buffalo, New York, before they relocated back to Oaklyn, New Jersey, where they permanently settled. Mitch grew up in a small, close-knit middle-class neighborhood surrounded by a loving and supportive family group.
After graduating High school, he attended Columbia University’s Graduate School of Journalism. After graduating college, he offered freelance services to a few reputable organizations like The Philadelphia Inquirer, GEO, and Sports Illustrated. During his time as an active freelancer, he covered many events, especially Olympic events.
As time went on, his work because quite popular. Mitch will agree that his life experienced an upswing while working for the Detroit Free Press in 1989.
Mitch Albom Net Worth and Career
While working with the Free Press of Detroit, he gathered quite a following which prompted the organization’s leadership to ask him to cover non-sporting events as part of his weekly duties. He chose to address social issues by offering his commentary on columns that were published on Sundays.
Not resting, he began to publish books, some of which were rehashed into movies. This new move led to a carer explosion as his columns were republished or quoted in other journals across the country. Some of his works were archived in a series of four books titled Live Albom I-IV.
But before all the fame and wealth that came along with his work, one major detail about Mitch Albom that you probably never heard of is the fact that he once worked as a babysitter to support his education. Then, he transitioned to journalism when he landed a gig at the Queens Tribune to work as a writer.
At the Queens Tribune, he honed his writing skills to become the prolific writer many consider him to be today. The more he applied himself, the better he became, which opened more doors for him at major outfits.
To date, he is one of the best writers in the history of Detroit Free Press, which is an epic achievement when you consider the great men and women who have walked the hallowed chambers of that organization.
Mitch Albom has also won many awards, including the Best Sports Columnist in the US a whopping 13 times, which remains a record. To his credit, he has also received more than 200 honors from several organizations like:
• American Society of Newspaper Editors
• National Association of Black Journalists
• National Headliner Awards
He is also a recipient of the prestigious APSE Red Smith Lifetime Achievement Award.
Besides the awards, he has amassed quite a fortune. Based on conservative estimates, he is worth about $10 million. Much of his wealth is proceeds from some of his published works and non-anthological books such as Tuesday with Morrie, which he published in 1997; the Five People You Meet in Heaven, published in 2003 and The Magic Strings of Frankie Presto, published in 2015.
These books greatly increased his net worth, and he continues to earn royalty from them to date. It is also important to note that he worked as a radio host in 1987 for the WLLZ Detroit as a commentator. He also hosted his own Sports program until 1996, when he joined WJR. On WJR, he hosts weekend sports shows and the special Monday Sports Album at the start of the week.
His works, radio commentary, and speaking engagements have made him quite rich beyond his wildest imagination, and no one will fault him for that; if anything, he deserves all he has achieved and more.
Mitch Albom has been a guest at many national TV shows like the Oprah Winfrey Show, Larry King Live, Good Morning America, The View, and The Today Show.
Mitch Albom is happily married to Janine Sabino. They married in 1995, and the couple leads a very low profile. Not much is known about their family life, and it is unknown whether they have kids or not.
When he is not working his journalistic practice, he supports charitable courses all over the world. He has started several campaigns, such as the Dream Fund(1989), to help kids with medical disabilities and social disadvantages.
He founded A Time To Help (1998), and he also supports many other charitable courses like
• I Am My Brother’s Keeper
• Caring and Sharing Mission in Haiti
• Have Faith Mission ( A Christian Outreach)
Key Takeaways: What Can We Learn from Mitch Albom’s Net Worth
If there is anything we can learn from Mitch Albom’s success story, it is simple; hard work and dedication pay if you have a dream and work hard to add value to the lives of others. By all accounts, he probably didn’t set out to become rich but to enrich lives. Wealth was only a consequence of his actions.
Another major takeaway from his life’s story is that the fastest way to accumulate wealth is to have multiple income streams. With several income streams, you can accumulate wealth gradually. In his case, he earned income from his paid job, book publishing, and public speaking, among other ventures.
So dedication, passion, consistency, and diversification are the foundations of his financial success.