The death of best-selling author Tom Clancy, 66, has been confirmed by his publisher. Clancy’s debut crime thriller, The Hunt for Red October, was published over 30 years ago. Clancy passed away “after a brief illness at the Johns Hopkins Hospital” in Baltimore, according to The Baltimore Sun. However, the president of G.P. Putnam’s Sons did not specify the cause of death.
Stephen C. Hunter, winner of the Pulitzer Prize in film criticism, says that because of Clancy, “a lot of [writers] were able to publish such books who had previously been unable to do so.” The suspenseful novels written by Tom Clancy resulted in 17 New York Times bestsellers, with 4 of them becoming Hollywood movies.
Tom Clancy’s Cause Of Death
Tom Clancy, 66, passed away. Clancy was overweight, a smoker, and a heavy drinker. Five years before, he suffered a heart attack and underwent coronary bypass surgery. Clancy may have had a heart transplant because he never fully recovered from the operation.
Unfortunately, he did not get one, and just over five years after his initial heart attack, he passed away for a second. Despite the hype around the “accuracy” of Clancy’s writings, he posed no danger to anyone. It seems like he hasn’t had any negative luck with marriage.
The most crucial point is that when someone wants you dead, they almost always take more “direct action” than trying to make your death look like a heart attack. Said, there doesn’t appear to be much “there” about this.
Financial Planning, Separation, and Jack Ryan Property
Tom’s first wife gave him an original World War II tank for Christmas, and he kept it in the basement of their Maryland mansion that spanned eighty acres. Clancy also had a mansion in Baltimore that was 17,000 square feet and cost $16 million. In time, he grew the property to encompass 535 acres.
Tom invested $42 million in 1993 to acquire a 24% ownership position in the Baltimore Orioles. To avoid defaulting on a divorce settlement to his wife of 30 years, Wanda Thomas King, he had to back out of an agreement to buy a stake in the Minnesota Vikings in 1998. Wandy’s share of the Orioles, initially 24%, was cut in half after the divorce settlement.
A total of $230 million has been made off of that 24% share in the Orioles thanks to things like rising team worth, lucrative television contracts, apparel sales, and other lucky breaks. However, the Jack Ryan persona was arguably Tom’s greatest attribute.
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Four children were born to Wanda and Tom. In 1999, they completed their separation. Tom not only received a substantial cash settlement, but he also formed a new company to own the rights to all of his future publications. As part of the deal, he would give Wanda and his kids equity in the business. On the other hand…
Prior to the dissolution of his first marriage, Tom formed two corporations to own the rights to publish his works. Jack Ryan Enterprises LTD was founded in 1985 as the original corporation. Wanda, the first wife, was awarded a 40% ownership part in the business.
Tom owned the other 60%. In 1992, Jack Ryan Limited Partnership was established as the company’s second iteration. This second company was owned equally by Wanda and Tom.
Tom married Alexandra Marie Llewellyn a year after he and Wanda filed for divorce. Their baby girl was his fifth kid overall. Just because Tom is 35 years older than Alexandra does not mean she is a gold digger.
Thanks to the Coca-Cola Bottling Company he co-founded with a group of investors, Alexandra’s father, J. Bruce Llewellyn, became one of the most successful African-American businessmen in US history. J. Bruce had an estimated $160 million in wealth when he passed away.
Tom Clancy Launching A Profession
Don’t let the fact that Tom didn’t begin writing till later in life discourage you from pursuing your own dreams of financial success. For the first fifteen years of his adult life, he was employed by the insurance firm started by his wife’s paternal grandparents.
He spent his free time writing novels. Tom’s debut novel, The Hunt for Red October, was published by Naval Institute Press in 1984 for a cool $5,000. In human years, he was 38.
The publishers at Naval Institute Press were worried that Tom’s book would divulge sensitive information about the United States military, so they asked him to delete dozens of technical details. In fact, some people doubted that Tom was the true author.
Just what does this poor insurance salesperson know about Russian diplomacy and Navy subs? Is there another author working behind the scenes? An ex-spy or Navy admiral whose name can’t appear in the book for legal reasons?
No anonymous writer was involved. Tom Clancy, the book’s author, insisted on keeping all the technical information. Tom and Naval Institute Press anticipated that 5,000 copies of the book would be sold. In its first printing, it sold 45,000 copies.
Sales jumped to 300,000 copies after a positive review from President Ronald Reagan. After the book was published, Tom received $1.3 million in royalties in less than three years. He left his position in insurance.
More than 5 million copies have been sold thus far. In 1988, Clancy signed a book contract worth $3 million for his next three books. Two million copies of his book, published in 1988, sold in 1989. It was the most popular book of the decade.
Moving forward to 1997, Clancy was paid $50 million by Penguin Putnam for the international rights to his next TWO books. Tom made $97 million from his 1997 deal after factoring in the value of the TV rights and other potential compensation.
Tom Clancy’s books have sold over 100 million copies around the world. The video game franchises Rainbow Six, Ghost Recon, and Splinter Cell were all inspired by his characters and storylines. In fact, in 2008, French video game developer Ubisoft paid an undisclosed sum, perhaps north of $100 million, to utilize Clancy’s name.
