Jerry Falwell, an influential figure in evangelical Christianity, founded Liberty University and Thomas Road Baptist Church. Learn about Jerry Falwell net worth, early life, and accomplishments in 2024 at PennbookCenter.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Jerry Laymon Falwell Sr. |
| Popular Name | Jerry Falwell |
| Gender | Male |
| Birth Date | August 11, 1933 |
| Age | 73 (at time of death) |
| Parents | Carey Hezekiah Falwell, Helen Falwell |
| Siblings | Gene Falwell, Lewis T. Falwell, Rosha Geraldine Falwell, Virginia Falwell Jennings |
| Birthplace | Lynchburg, Virginia |
| Nationality | American |
| Ethnicity | White |
| Education | Mission University, Brookville High School |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Macel Pate |
| Children | Jerry Falwell Jr., Jonathan Falwell, Jeannie Falwell |
| Dating | N/A |
| Net Worth | $10 million (estimated at time of death) |
| Source of Wealth | Religious activities, university founding, media |
| Height | 1.93 m |
What was the Net Worth Of Jerry Falwell?
Jerry Falwell’s net worth at the time of his death was estimated to be $10 million. His wealth came from his roles as an evangelical pastor, founder of Liberty University, and his media ventures.
For comparison, other prominent figures in similar fields include:
- Ronald Reagan
- Jim Bakker
- Martin Luther King Jr.
- Billy Graham
- Pat Robertson
Compared to other richest authors, he stood among the notable figures.
What is the Salary/Income of Jerry Falwell in 2024?
There is no specific information available regarding Jerry Falwell’s salary or income in 2024.
Jerry Falwell Finance Overview
Early Life and Education
Jerry Falwell was born on August 11, 1933, in Lynchburg, Virginia, to Helen and Carey Falwell. His early life was marked by his father’s agnostic beliefs and tumultuous events, including his father’s death from cirrhosis.
Falwell graduated from Brookville High School and then attended Baptist Bible College in Missouri, graduating in 1956. These educational foundations set the stage for his future endeavors.
Founding of Thomas Road Baptist Church
In 1956, at the age of 22, Falwell founded the Thomas Road Baptist Church in Lynchburg, Virginia. The church started with 35 members and eventually grew into a megachurch.
The same year, he launched The Old-Time Gospel Hour, a nationally syndicated radio and television ministry. This ministry played a significant role in expanding his influence and financial base.
Creation of Liberty University
Falwell co-founded Lynchburg Baptist College, later renamed Liberty University, in 1971. The university offers over 350 accredited programs and serves around 13,000 residential students and 80,000 online students.
Liberty University became a significant source of income and helped establish Falwell’s financial stability. The growth of Liberty University reflects his vision and commitment to higher education within a Christian framework.
Formation and Impact of the Moral Majority
In 1979, Falwell co-founded the Moral Majority, a rightwing Christian political group that became one of the largest political lobbies for evangelical Christians in the U.S. during the 1980s.
The Moral Majority played a crucial role in mobilizing evangelical voters and supporting conservative political causes, further cementing Falwell’s influence and financial success.
Role in PTL and Financial Management
In 1987, Falwell was appointed to lead PTL (Praise the Lord) ministry by Jim Bakker amidst a scandal. Although Falwell initially intended to temporarily oversee PTL, he eventually barred Bakker from returning.
Despite raising $20 million to keep PTL solvent, the ministry declared bankruptcy, leading to his resignation.
Publications and Media Ventures
Falwell authored 20 books and managed a significant media presence through The Old-Time Gospel Hour. His publications and media ventures contributed to his wealth and helped spread his religious and political messages.
Legal Issues and Their Financial Implications
Throughout the 1970s and 1980s, Falwell faced several legal challenges, including a fraud case with the SEC and defamation lawsuits with magazines like Penthouse and Hustler.
These legal battles impacted his financial standing and public image but also highlighted his resilience in the face of controversy.
Political and Social Views
Falwell’s conservative Christian views were central to his public persona. He opposed civil rights movements, women’s rights, and LGBTQ rights, often making controversial statements.
His political activism through the Moral Majority significantly influenced conservative politics in America.
Health Issues and Death
Falwell faced numerous health challenges, including hospitalizations for respiratory arrest and cardiac arrhythmia. He passed away on May 15, 2007. His death marked the end of an era but his legacy continues through his institutions and followers.
FAQs About Jerry Falwell
What was Falwell’s primary source of wealth?
His primary sources of wealth included his roles in founding Liberty University and Thomas Road Baptist Church, as well as his media ventures.
How did Falwell influence American politics?
He significantly influenced American politics through the Moral Majority, which mobilized evangelical voters and supported conservative causes.
What controversies surrounded Falwell?
He was involved in several controversies, including opposition to civil rights and LGBTQ rights, as well as legal issues with the SEC and defamation cases.
Who succeeded Falwell at Thomas Road Baptist Church?
His son, Jonathan Falwell, succeeded him as the senior pastor of Thomas Road Baptist Church.
How did his health impact his career?
Falwell’s health issues, particularly in the later years, led to multiple hospitalizations and ultimately his death in 2007, affecting his ability to lead his ventures.
Conclusion
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