Larry Flynt Net Worth is$400 Million
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Profession: Businessperson
Date of Birth: Nov 1, 1942
Nicknames: Larry Claxton Flynt
Country: United States of America
Larry Flynt, born November 1, 1942 is the owner of Larry Flynt Publications, producing adult videos and magazines, most notably Hustler. Flynt has a net worth of $400 million. LFP has an annual profit of $300 million. Larry Flynt began his career as an entrepreneur in 1965 when he took a $1,800 from his savings and bought his mother's Dayton, OH bar, Keewee. He soon started making $1000 per week, and used the profits to buy two other bars. In 1968 he opened his first Hustler Club, featuring naked hostesses who danced. He then opened Hustler Clubs in other major Ohio cities, and each soon grossed between $260,000 and $520,000 per year. In 1972 Flynt created the first Hustler newsletter to promote his clubs, increasing it from four to sixteen pages in less than a year. With the 1973 oil crisis Flynt had to decide on refinancing his clubs or declaring bankruptcy. Instead, he decided to turn Hustler Newsletter into an adult magazine, paying the start-up costs by deferring payment of sales taxes on his clubs. In July 1974, the first issue of Hustler was published. By August of 1975 the magazine was selling more than 1 million copies per month. In 1978, white supremacist Joseph Paul Franklin attempted to assassinate Larry Flynt over an interracial photo shoot in Hustler. Flynt is now paralyzed from the waist down and uses an $80,000 gold-plated wheelchair. In 2000, Flynt opened the Hustler Casino in Los Angeles, and Hustler Video film studio bought VCA Pictures in 2003.
Larry Claxton Flynt, Jr. (born November 1, 1942) is an American publisher and the president of Larry Flynt Publications (LFP). In 2003, Arena magazine listed him as the number one on the "50 Powerful People in Porn" list.
LFP mainly produces sexually graphic videos and magazines, most notably Hustler. Flynt has fought several prominent legal battles involving the First Amendment, and has unsuccessfully run for public office. He is paralyzed from the waist down due to injuries sustained in a 1978 assassination attempt.
Flynt was born in Lakeville, Magoffin County, Kentucky, the first of three children to 23-year-old Larry Claxton Flynt, Sr. (August 16, 1919 - July 1, 2005), a sharecropper and a World War II veteran, and 17-year-old Edith (n'ee Arnett; August 13, 1925 - March 29, 1982), a homemaker. He had two younger siblings; sister Judy (1947-1951) and brother Jimmy Ray (born June 20, 1948). His father served in the United States Army in the European Theatre of World War II. Due to his father's absence, Larry was raised solely by his mother and maternal grandmother for the first three years of his life. Flynt was raised in poverty, and claimed Magoffin County was the poorest county in the nation during the Great Depression. In 1951, Flynt's sister, Judy, died due to leukemia at age four. The death provoked his parents' divorce one year later, and Larry was raised by his mother in Hamlet, Indiana, and his brother, Jimmy, was raised by his maternal grandmother in Magoffin County. Two years later, Larry returned to live in Magoffin County with his father, because he disliked his mother's new boyfriend.
Flynt attended Salyersville High School (now[when?]Magoffin County High School) in the ninth grade, however ran away from home and, despite being only 15 years old, joined the United States Army using a counterfeit birth certificate. It was around this time that he developed his passion for the game of poker. Since the United States was at peace, the Army decid

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