Joel Osteen’s net worth is estimated at $40 million, according to Celebrity Net Worth. Meanwhile, BeliefNet has Osteen listed as the fifth richest pastor in America.
Osteen is a celebrity pastor. He preaches at Lakewood Church in Houston, Texas, taking over the role from his dad, John Osteen, who died suddenly back in 1999. Joel Osteen’s congregation has grown from 5,000 to 43,000, which is pretty impressive. His sermons are televised all over the world, and while that sounds like it would translate to big bucks, Osteen actually gave up his church salary of $200,000 per year back in 2005. So, how does Osteen make the majority of his money? Book deals.
His first book, Your Best Life Now became a New York Times best-seller. His second book. Become A Better You, has earned him over $13 million, according to Celebrity Net Worth. The site adds that Osteen’s book deals and things related to those (i.e. book tours) have made him about $55 million per year.
Osteen lives in a $10.5 million mansion in Texas with his wife, Victoria, and their children. In an interview with Oprah Winfrey on her show, Next Chapter, Osteen was very clear about his wealth and not apologizing for it.
“It’s interesting how, you know what? People usually know who’s sincere and who’s not over time and I think that’s — we don’t ask for money and people send in millions of dollars to help us keep the broadcast on the air,” Osteen told Winfrey. In that interview, Osteen also confirmed that the majority of his salary comes from his books.
“We don’t take a salary from the ministry…it comes from books and other things like that,” he said.
Winfrey asked if Osteen “makes any apologies” for his “grand piano.”
“I really don’t, Oprah. We just feel like this is God’s blessings. You know, we’re big givers, we live what we preach, we’ve given millions of dollars. And I don’t think there’s anything wrong with having a nice place to live and being blessed,” he said.