Stephen Covey Net Worth
Stephen Covey
Body Measurement
Body type
Hair Color
Eye Color
Shoe Size8 (US)
Full NameStephen Richards Covey
Date of BirthOctober 24, 1932 – July 16, 2012
Age79 Years (At the time of death)
ProfessionAmerican educator, author, businessman, and speaker
Stephen Covey Net Worth$52 Million
Education University of Utah (B.S.)
Harvard University (M.B.A.)
Brigham Young University (D.R.E.)
BirthplaceSalt Lake City, Utah, United States of America
HometownUtah, USA
Zodiac SignScorpion
FatherStephen Glenn Covey
MotherIrene Louise Richards Covey
Spouse Sandra Merrill Covey
Childrennine children
Siblings4 Siblings
IMDBStephen Covey
WikipediaStephen Covey
Stephen Covey Net Worth

Childhood & Early Life

Stephen Richards Covey was born on October 24, 1932, in Salt Lake City, Utah, United States of America to Stephen Glenn Covey and Irene Louise Richards Covey.

While in junior high school, he was diagnosed with slipped capital femoral epiphysis, due to which he could not pursue athletics. Nevertheless, he actively participated in debates and public speaking events in high school.

Stephen Covey Net Worth
Stephen Covey

He graduated from the University of Utah with a Bachelor of Science degree in business administration. As a member of The Church of Jesus Christ of Latter-day Saints, he served on a church mission in England for two years.

Upon returning, he attended Harvard University, from where he obtained an MBA.

In 1962, he became president of the Irish Mission of the church and continued to work for the church’s mission.

Stephen Covey Net Worth
Stephen Covey with family

He was married to Sandra, with whom he fathered nine children. He was blessed with fifty-two (52) grandchildren.

He died on July 16, 2012, at the age of 79 in Idaho Falls, Idaho, after suffering from complications that rose due to a bicycle accident.

Stephen Covey Net Worth
Stephen Covey’s family

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He was appointed as the assistant to the president of Brigham Young University. Additionally, he held the post of professor of business management as well.

While at the university, he pursued his degree in Doctor of Religious Education.

Stephen Covey Net Worth

In 1970, he authored the book, ‘Spiritual Roots of Human Relations’. This book addressed the root cause of relationship problems and provided spiritual solutions to readers.

In 1982, he came out with the book ‘The Divine Center’. The book was one of the many devotional works that he wrote for the Latter-day Saint readers, a Christian primitivist church.

Stephen Covey Net Worth

In 1984, he resigned from his teaching position at Brigham Young University in order to establish a training company named, Stephen R. Covey and Associates.

In 1987, ‘Stephen R. Covey and Associates’ was renamed ‘Covey Leadership Center,’ This company was aimed at offering training and productivity tools to both organizations and individuals.

Stephen Covey Net Worth

On April 1, 1989, he came up with the book, ‘Principle-centered Leadership’. The book dealt with various strategies for both personal and professional effectiveness. It also provided insight into how to develop people and organizations.

In 1989, he published his best-seller, ‘The Seven Habits of Highly Effective People’. This was his most notable business and self-help book that attained international acclaim.

Stephen Covey Net Worth

The book sold more than 25 million copies and was translated into 38 languages.

In 1994, he came up with his next publication ‘First Things First’.Co-authored by A. Roger and Rebecca R. Merrill, the book highlighted the importance of time management.

Meanwhile, to reach out to a wider audience, he merged ‘Covey Leadership Center’ with Franklin Quest to come up with ‘Franklin Covey’. It was a global professional services firm that indulged in selling training and productivity tools to individuals and to organizations

Stephen Covey Net Worth

In 2004, he published the book, ‘The 8th Habit: From Effectiveness to Greatness’, which was a sequel to his previously published book, ‘The Seven Habits of Highly Effective People’.

The book urged people to find a voice of their own and inspire others to do the same.

In 2008, he came out with the book titled, ‘The Leader In Me — How Schools and Parents Around the World Are Inspiring Greatness, One Child at a Time’.

Stephen Covey Net Worth

This book delved deeply into how certain schools, institutions and people were nurturing the next generation to meet the challenges and opportunities in the 21st century.

In 2008, he launched the ‘Stephen Covey’s Online Community’, a collection on online courses and social networking. With people syncing to the World Wide Web, he used the online platform to convey his ideas on current topics and self-leadership.

Stephen Covey Net Worth

In 2010, he authored the article, ‘Our Children and the Crisis in Education’, which appeared on the Huffington Post news.

He also conducted conferences and workshops to train elementary school administrators through a website.

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Stephen Covey Net Worth

Major Works

1970Spiritual Roots of Human Relations
1971How to Succeed with People
1982The Divine Center
1989, 2004The 7 Habits of Highly Effective People 
1989Principle-Centered Leadership
1994First Things First
1997The 7 Habits of Highly Effective Families: building a beautiful family culture in a turbulent world 
1997Quest: The Spiritual Path to Success (Editor) 
2000Living the 7 Habits
20046 Events: The Restoration Model for Solving Life’s Problems
2004The 8th Habit: From Effectiveness to Greatness
2006The Speed of Trust: The One Thing That Changes Everything
2008The Leader in Me: How Schools and Parents Around the World Are Inspiring Greatness, One Child At a Time
2009The 7 Habits of Highly Effective Network Marketing Professionals 
2011The 3rd Alternative: Solving Life’s Most Difficult Problems 
2014The Leader in Me: How Schools Around the World Are Inspiring Greatness, One Child at a Time (Second Edition)

Stephen Covey Net Worth

Stephen Covey was a famous writer and had a net worth of $52 million.

Awards & Achievements

The Thomas More College Medallion for continuing service to humanity
The National Entrepreneur of the Year Lifetime Achievement Award for Entrepreneurial Leadership
The 1994 International Entrepreneur of the Year Award
One of Time Magazine’s 25 most influential Americans of 1996
The Sikh’s 1998 International Man of Peace Award
2003 Fatherhood Award from the National Fatherhood Initiative
2004 Golden Gavel Award from Toastmasters International
Accepted the inaugural Corporate Core Values Award from the California University of Pennsylvania on behalf of the FranklinCovey Corporation at the “national Franklin Covey Conference” (December 2006).
Inducted into the Utah Valley Entrepreneurial Forum Hall of Fame on November 14, 2009
Maharishi Award from Maharishi University of Management in Fairfield, Iowa
Aman2020 Award from Aman Wolde Foundation in Addis Ababa, Ethiopia.
Stephen Covey Net Worth
Stephen Covey with award


In April 2012, Covey was riding a bike in Rock Canyon Park in Provo, Utah, when he lost control and fell. He was wearing a helmet but according to his daughter, the helmet slipped and his head hit the pavement.

She said Covey “went down a hill too fast and flipped forward on the bike. It was a pretty big goose egg on the top of his head.” Covey also suffered cracked ribs and a partially collapsed lung.

Stephen Covey Net Worth

Covey died from complications resulting from the bike accident at the Eastern Idaho Regional Medical Center in Idaho Falls, Idaho, on July 16, 2012, at the age of 79.


This American author, keynote speaker, and businessman initially opposed homosexuality and same-sex marriage in a keynote address in Honolulu for ‘Save Traditional Marriage – 98’. However, he later apologized for his comments.

Stephen Covey Net Worth

10 things you didn’t know about Stephen Covey!

  • He is a sought-after and compelling keynote speaker and adviser around the world. 
  • Covey says trust is a learnable, measurable skill that makes organizations more profitable, people more promotable, and relationships more energizing. 
  • He has gained considerable respect and influence with executives and leaders of Fortune 500 companies.
  • He is former President and CEO of Covey Leadership Center.
  • As President and CEO, he nearly doubled revenues to over $110 million while increasing profits twelvefold. Both customer and employee trust reached new highs and the company expanded throughout the world into more than 40 countries. 
  •  Covey greatly increased the value of the company and brand. Within three years he grew shareholder value to $160 million in a merger he negotiated with Franvvklin Quest to form FranklinCovey.
  • He serves as Advisory Board Chairman for the Human Performance Institute
  • He resides with his wife and children in the shadows of the Rocky Mountains.
  •  He advocates that nothing is as fast as the speed of trust. In fact, the ability to establish, grow, and restore trust with all stakeholders is a critical leadership skill in the new global economy.


– What books does Stephen Covey have written out?

Covey has written several other books besides “The 7 Habits of Highly Effective People,” including “The 8th Habit: From Effectiveness to Greatness,” “First Things First,” “The Leader in Me,” and “The 3rd Alternative.”

– Was Stephen Covey involved in any businesses or schools?

Yes, Stephen Covey started FranklinCovey, a global professional services business that focuses on improving performance. He was also a professor at Utah State University’s Jon M. Huntsman School of Business.

– How has Stephen Covey’s work changed the way we think about leadership and personal growth today?

Stephen Covey’s work has had a big effect on how people become leaders and how they grow as people. His focus on moral character, human duty, and thoughts about the future has affected many people and groups. Many of his ideas have been used in programs all over the world to teach people how to be leaders, teach students, and help themselves.

-How did Stephen Covey die, and when?

Stephen Covey died on July 16, 2012, when he was 79 years old. He died because of problems that came from an accident he had on his bike in April of the same year. His lessons and philosophy continue to have an impact on how people around the world grow as people and lead.

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