IT IS NOT ABOUT THE INCOME YOU MAKE BUT WHAT YOU MAKE WITH THE INCOME
The Civil Writer Magazine
Despite his fame and considerable influence, at the time of Dr. Martin Luther King Jr.'s death, his net worth was almost nothing. Here's a brief overview of King's assets post-mortem: He earned just $8,000 a year as a preacher — the equivalent of about $58,000 in 2018 dollars.
Martin Luther King Jr. From 1957 to 1968, traveled 6 million miles, gave over 2,500 speeches and wrote five books before he was assassinated on April 4, 1968. Despite his fame and considerable influence, at the time of his death, his net worth was almost nothing. His widow, Coretta Scott King, and children, Yolanda, Dexter, Bernice and Martin III, depended on the generosity of others, including musician and activist Harry Belafonte who purchased King’s life insurance policy for his family and set up the fund that sent the King children to college.
Dr. King and others in his entourage of Civil rights family never faked it until they made it. They were about style and substance. They fought the status quo with style. Their neat clothes of the civil rights activists reflected that we are just like you. What is there to fear? It was rooted in the suburbs; it was a nuclear family look; and it was white. It was the invest in us look. The look of equality, intelligence and dignity. We are the children of former slaves, no longer second class citizens. Martin Luther King, Jr. needed no introduction to class and his suits were like army Fatigues. His look was associated with freedom, equality, and civil rights.