Einstein had been a well-paid man. His $10,000 salary at the Institute for Advanced Study in Princeton – roughly $180,000 in today’s money – was set by the institute to exceed that of any American scientist (“Isn’t that too much?” Einstein queried at the time). But his earnings in life were insignificant compared to his earnings in death. From 2006 to 2017, he featured every year in Forbes’ list of the 10 highest-earning historic figures – “dead celebrities” in the publication’s rather diminishing term – bringing in an average of $12.5m a year in licensing fees for the Hebrew University, which is the top-ranking university in Israel. A conservative estimate puts Einstein’s postmortem earnings for the university to date at $250m. ...Here is a newly-posted video interview of an Einstein biographer. While the title is about an Einstein mistake, it has over-the-top praise for his genius.
Despite Richman’s best efforts, some “seriously offensive” products, as he saw them, reached the market. When Richman discovered that a chain of stores owned by Universal City Studios sold a sweatshirt with the slogan “E=mc2: Shit Happens”, he successfully had the sweatshirt banned, and forced Universal to pay $25,000 in damages.
Thursday, June 9, 2022
Einstein's Name is Worth a Fortune
The Manchester Guardian has a long article on how Einstein's estate still makes money: