How Much Is Henry B. Eyring’s Net Worth? A Closer Look
Henry B. Eyring is a well-known leader in The Church of Jesus Christ of Latter-day Saints, with a long career in both religious service and academia. Given his influence, many wonder about his financial standing.
While exact figures are not publicly disclosed, Henry B. Eyring’s net worth is estimated to be around $4 million. His wealth primarily comes from his past roles as a Stanford University professor, president of Ricks College (now BYU-Idaho), and book royalties, along with a church living allowance. However, as with most LDS Church leaders, his financial details remain largely private.
Henry B. Eyring’s Career and Sources of Income
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Henry B. Eyring has had a distinguished career in both academia and religious leadership, contributing to his sources of income over the years.
Academic Career
Eyring began his professional journey in academia. After earning a Bachelor of Science in Physics from the University of Utah and an MBA and Doctorate in Business Administration from Harvard University, he joined the faculty at the Stanford Graduate School of Business in 1962.
He served as a professor there until 1971, when he was appointed as the president of Ricks College (now Brigham Young University–Idaho) in Rexburg, Idaho. He led the institution from 1971 to 1977, during which time he likely earned a salary commensurate with his roles in higher education.
Religious Leadership
In 1985, Eyring was called to serve as the First Counselor in the Presiding Bishopric of The Church of Jesus Christ of Latter-day Saints (LDS Church), a position he held until 1992. He also served twice as the Church Commissioner of Education, from 1980 to 1985 and again from 1992 to 2005.
In 1995, he was ordained as a member of the Quorum of the Twelve Apostles, one of the highest governing bodies in the LDS Church. By 2007, he was serving in the First Presidency, first as Second Counselor and later as First Counselor. These full-time leadership roles in the church provide a living allowance rather than a traditional salary.
Additional Sources of Income
Aside from his academic and church roles, Henry B. Eyring has authored several books, contributing to his income through royalties. Notable works include “To Draw Closer to God” (1997), a collection of spiritual discourses, and “A Sacred Place Like This” (2021), which explores the significance of temple worship.
His biography, “I Will Lead You Along” (2013), co-authored by his son, provides insights into his life and teachings. These publications not only share his spiritual perspectives but also serve as an additional source of revenue.
Henry B. Eyring’s Estimated Net Worth
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Determining the exact net worth of Henry B. Eyring is difficult due to the private nature of his financial records. However, based on available information, his net worth is estimated to be around $4 million.
As a leader in The Church of Jesus Christ of Latter-day Saints, Eyring receives a living allowance rather than a traditional salary. In 2000, leaked documents indicated that his allowance as a member of the Quorum of the Twelve Apostles was $89,325 per year.
By 2014, this amount had reportedly increased to $120,000 annually. These funds are meant to support full-time church leaders who dedicate their lives to religious service. However, this estimate may not include additional benefits such as housing or healthcare.
Featured image: Reddit.com
