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Stephen R. Covey

Stephen R. Covey

Born 1932 · Age 93

American educator, author, businessman, and motivational speaker; best known for The 7 Habits of Highly Effective People; co-founder of FranklinCovey; professor and leadership consultant.

Total Events
40
Career Span
82 years
Peak Net Worth
$60,000,000

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Life & Career Timeline

1932Age 0

Born in Salt Lake City, Utah

Stephen Richards Covey born to Stephen Glenn Covey and Irene Louise Richards Covey in Salt Lake City, Utah.

10/24/1932Source
Confidence
99%
1948Age 16

Entered University of Utah at age 16

Covey entered the University of Utah at the unusually young age of 16.

1/1/1948Source
Confidence
90%
1952Age 20

Graduated University of Utah (B.S. in Business Administration)

Completed bachelor's degree in business administration at the University of Utah.

1/1/1952Source
Confidence
95%
1954Age 22

Served two-year LDS mission in England (approx.)

Served a two-year mission for The Church of Jesus Christ of Latter-day Saints in England and worked in missionary training (dates approximated from sources).

1/1/1954Source
Confidence
60%
1956Age 24

Married Sandra Merrill

Married Sandra Merrill in the Salt Lake Temple; the couple would have nine children.

8/14/1956Source
Confidence
95%
1957Age 25

Earned MBA from Harvard Business School

Completed Master of Business Administration at Harvard Business School.

1/1/1957Source
Confidence
95%
1962Age 30

Became first president of LDS Irish Mission

Beginning in July 1962, Covey served as the first president of the Church's Irish Mission.

7/1/1962Source
Confidence
95%
1970Age 38

Published Spiritual Roots of Human Relations

One of Covey's earlier devotional/educational works published by Deseret Book Company; an influence on later secular works.

1/1/1970Net Worth: $10,000Source
Confidence
95%
1971Age 39

Published How to Succeed with People

Published an early work focused on interpersonal skills and success.

1/1/1971Net Worth: $15,000Source
Confidence
90%
1973Age 41

Served as mission representative of the Quorum of the Twelve

Started serving (around 1973) as a mission representative overseeing training of missionaries in the eastern U.S.

1/1/1973Net Worth: $20,000Source
Confidence
90%
1976Age 44

Earned Doctor of Religious Education (DRE) from BYU

Completed doctoral dissertation on human relations training (PhD/DRE awarded by Brigham Young University).

1/1/1976Net Worth: $50,000Source
Confidence
95%
1982Age 50

Published The Divine Center

Published another devotional work for Latter-day Saint readers.

1/1/1982Net Worth: $100,000Source
Confidence
90%
1983Age 51

Left BYU to found Stephen R. Covey & Associates

Departed full-time teaching at BYU's School of Management to launch his consulting/training firm (often called Covey Leadership Center).

1/1/1983Net Worth: $250,000Source
Confidence
85%
1989Age 57

Published The 7 Habits of Highly Effective People

Released his best-known book, which popularized 'character ethic' and seven habits framework.

1/1/1989Net Worth: $2,000,000Source
Confidence
98%
1989Age 57

Published Principle-Centered Leadership

Released an influential leadership book expanding themes from The 7 Habits (date per common listings; multiple editions exist).

1/1/1989Net Worth: $2,100,000Source
Confidence
80%
1990Age 58

Received his first honorary doctorate

Received his first honorary doctorate (he would be awarded ten honorary doctorates over time).

1/1/1990Net Worth: $3,000,000Source
Confidence
80%
1994Age 62

International Entrepreneur of the Year Award (1994)

Received the 1994 International Entrepreneur of the Year Award for his entrepreneurial leadership.

1/1/1994Net Worth: $9,000,000Source
Confidence
90%
1994Age 62

Published First Things First

Co-authored First Things First (with Roger and Rebecca Merrill), focusing on time management and priorities.

1/1/1994Net Worth: $8,000,000Source
Confidence
90%
1996Age 64

Named one of Time's 25 Most Influential People

Time magazine named Covey one of the 25 most influential Americans of 1996.

1/1/1996Net Worth: $15,000,000Source
Confidence
95%
1997Age 65

Published The 7 Habits of Highly Effective Families

Released a family-focused application of the 7 Habits principles.

1/1/1997Net Worth: $32,000,000Source
Confidence
90%
1997Age 65

Covey Leadership Center merged to form FranklinCovey

Stephen R. Covey and associates' firm merged with Franklin Quest to form FranklinCovey, a global professional-services firm and specialty retailer (1997).

1/1/1997Net Worth: $30,000,000Source
Confidence
90%
1998Age 66

Received Sikh's International Man of Peace Award

Awarded the International Man of Peace Award (Sikh organization) in 1998.

1/1/1998Net Worth: $33,000,000Source
Confidence
90%
2000Age 68

Published Living the 7 Habits

Published a collection of real-life stories illustrating application of the 7 Habits.

1/1/2000Net Worth: $35,000,000Source
Confidence
90%
2002Age 70

Inducted into the Shingo Academy

Inducted into the Shingo Academy for Operational Excellence (part of the Huntsman School of Business) in April 2002.

4/1/2002Net Worth: $37,000,000Source
Confidence
90%
2003Age 71

Received Fatherhood Award from National Fatherhood Initiative

Recognized for his work and emphasis on family with the 2003 Fatherhood Award.

1/1/2003Net Worth: $38,000,000Source
Confidence
90%
2004Age 72

Received Toastmasters International Golden Gavel award

Awarded the Golden Gavel by Toastmasters International in 2004 for excellence in speaking.

1/1/2004Net Worth: $42,500,000Source
Confidence
95%
2004Age 72

Published The 8th Habit: From Effectiveness to Greatness

Released The 8th Habit as a sequel to The 7 Habits addressing leadership in the Knowledge Worker era.

1/1/2004Net Worth: $42,000,000Source
Confidence
95%
2006Age 74

Audio edition milestone for The 7 Habits (milestone)

The 7 Habits audio version became the first non-fiction audiobook in U.S. publishing history to sell more than one million copies (milestone noted in sources; date reported in years after initial publication).

1/1/2006Net Worth: $45,000,000Source
Confidence
85%
2008Age 76

Launched Stephen Covey Online Community

Launched an online community (March 2008) offering online classes, content, and social networking around his principles (site later removed after his death).

3/1/2008Net Worth: $46,000,000Source
Confidence
85%
2008Age 76

Published The Leader in Me

Published The Leader in Me, documenting how schools and parents used the 7 Habits to teach leadership to children.

11/1/2008Net Worth: $47,000,000Source
Confidence
95%
2009Age 77

Started career development webinar series (2009)

Initiated a series of webinars to help people during the economic recession (program to deliver timely career content).

1/1/2009Net Worth: $48,500,000Source
Confidence
80%
2009Age 77

The Leader in Me used in 150+ elementary schools (reported)

By Oct 2009 the Leader in Me program was being used by more than 150 elementary schools across several countries.

10/1/2009Net Worth: $48,000,000Source
Confidence
90%
2009Age 77

Inducted into Utah Valley Entrepreneurial Forum Hall of Fame

Added to the Utah Valley Entrepreneurial Forum Hall of Fame on November 14, 2009.

11/14/2009Net Worth: $48,000,000Source
Confidence
95%
2010Age 78

Joined Utah State University Jon M. Huntsman School of Business faculty

Accepted the Jon M. Huntsman Presidential Chair in Leadership at Utah State University (announcement Feb 18, 2010).

2/18/2010Net Worth: $49,000,000Source
Confidence
98%
2010Age 77

Published Huffington Post blog on education

On April 20, 2010 Covey posted 'Our Children and the Crisis in Education' on the Huffington Post.

4/20/2010Net Worth: $49,000,000Source
Confidence
95%
2011Age 79

Published The 3rd Alternative

Released The 3rd Alternative: Solving Life's Most Difficult Problems, focused on conflict resolution beyond compromise.

1/1/2011Net Worth: $50,000,000Source
Confidence
95%
2012Age 80

Bicycle accident in Rock Canyon Park (serious injuries)

In April 2012 Covey lost control of his bicycle in Rock Canyon Park, Provo; suffered head injury, cracked ribs and partially collapsed lung.

4/1/2012Net Worth: $50,000,000Source
Confidence
95%
2012Age 80

Utah State announced plans for Stephen R. Covey Center for Leadership

Following his death Utah State University planned to establish the Stephen R. Covey Center for Leadership in his honor; Covey had donated his salary as chair to initiate the project.

7/1/2012Net Worth: $60,000,000Source
Confidence
90%
2012Age 80

Died from complications of bicycle accident

Died on July 16, 2012 at Eastern Idaho Regional Medical Center in Idaho Falls from complications related to the April bike accident. Age reported as 79 in sources (born Oct 24, 1932).

7/16/2012Net Worth: $60,000,000Source
Confidence
95%
2014Age 82

Posthumous 2nd edition: The Leader in Me (2nd ed.)

A second edition of The Leader in Me was published posthumously in 2014 (2nd edition listed among works).

1/1/2014Net Worth: $60,000,000Source
Confidence
80%