Stephen Covey, born in 1932, began his career in the 1950s as a teacher and then moved into the business world, where he honed his skills in management and leadership. He earned a master’s degree in business administration and a doctorate in religious education, which laid the foundation for his unique approach to personal and professional development.

Covey’s big break came in the late 1980s when he published “The 7 Habits of Highly Effective People.” This book, a synthesis of his educational background and professional experience, became a phenomenon, selling over 25 million copies worldwide and topping bestseller lists for years. It was during this time that Covey’s fame began to skyrocket, making him a household name in the realm of self-help and personal growth.

Stephen Covey’s Current Net Worth (2025)

As of 2025, Stephen Covey’s estimated net worth is $50 million. This renowned author and speaker, known for his best-selling book “The 7 Habits of Highly Effective People,” has significantly impacted the personal development industry. His teachings on time management, productivity, and leadership have resonated with millions worldwide, contributing to his substantial wealth.

Career

Stephen Covey’s career spans over four decades, primarily focused on leadership, effectiveness, and personal development. He founded the Covey Leadership Center in 1984, which later merged with FranklinCovey, a global professional services firm. Covey has authored numerous books, with “The 7 Habits” being his most famous, selling over 25 million copies in 40 languages. He has also served as a professor at the Jon M. Huntsman School of Business at Utah State University.

Other Ventures

Beyond his work with FranklinCovey, Covey has been involved in various other ventures. He co-founded the Covey Center for Courage, a non-profit organization dedicated to preventing child abuse and neglect. He has also served on several corporate boards and has been involved in various philanthropic efforts. Additionally, he has produced numerous audio and video programs, further expanding his reach and influence.

Assets

Covey’s assets include a significant real estate portfolio, consisting of residential and commercial properties across the United States. He also owns a substantial stake in FranklinCovey, which operates in over 160 countries. His intellectual property, including his books, audio, and video programs, is another significant asset. Covey’s personal residence, a large estate in Provo, Utah, is also a notable asset.

Annual Income

Covey’s annual income is estimated to be around $5 million. This includes his earnings from FranklinCovey, royalties from his books, speaking engagements, and other ventures. His income has been relatively stable over the years, reflecting the enduring popularity of his teachings and the continued demand for his services. Despite his wealth, Covey remains committed to his philanthropic efforts and giving back to his community.

Frequently Asked Questions about  Stephen Covey

Frequently Asked Questions about Stephen Covey

1. What is Stephen Covey’s net worth?

Stephen Covey’s net worth is estimated to be around $100 million.

2. When was Stephen Covey born?

Stephen Covey was born on October 24, 1932.

3. Where was Stephen Covey born?

Stephen Covey was born in Salt Lake City, Utah, USA.

4. What was Stephen Covey’s profession?

Stephen Covey was an educator, author, and speaker. He was best known for his book “The 7 Habits of Highly Effective People”.

5. When did Stephen Covey pass away?

Stephen Covey passed away on July 16, 2012.

6. What was Stephen Covey’s educational background?

Stephen Covey received a Bachelor of Science degree from the University of Utah, a Master’s degree from Harvard University, and a Doctor of Education degree from Brigham Young University.

7. What are the 7 Habits of Highly Effective People?

The 7 Habits are: Be Proactive, Begin with the End in Mind, Put First Things First, Think Win-Win, Seek First to Understand, Then to Be Understood, Synergize, and Sharpen the Saw.

8. What other books did Stephen Covey write?

Some of Stephen Covey’s other notable books include “The 8th Habit: From Effectiveness to Greatness”, “First Things First”, and “The Leader in Me”.

9. Did Stephen Covey have any family?

Yes, Stephen Covey was married to Sandra Covey and had nine children.

10. What was Stephen Covey’s legacy?

Stephen Covey’s legacy is his teachings on time management, productivity, and leadership, which have influenced millions of people worldwide. His principles are still widely used and taught in businesses and organizations today.