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Frederick K.C. Price Net Worth: Unveiling The $1.5 Million Legacy Of The FaithDome Founder

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The financial legacy of Apostle Frederick K.C. Price, a towering figure in American televangelism and the founder of the massive Crenshaw Christian Center (CCC), remains a subject of intense curiosity and speculation, even in late 2025. Since his passing in February 2021, the focus has shifted from his active income to the valuation of his estate and the immense assets tied to his ministry.

While the Crenshaw Christian Center itself generates annual revenues in the tens of millions, the estimated personal net worth of Dr. Frederick K.C. Price at the time of his death was reported to be approximately $1.5 million. This figure, though substantial, is often cited in contrast to the wealth of the ministry he built, which includes the iconic 10,000-seat FaithDome in Los Angeles.

Apostle Frederick K.C. Price: A Complete Biography and Profile

Frederick Kenneth Cercie Price was a pivotal figure in the Word of Faith movement, building one of the most prominent Black megachurches in the United States. His life was defined by a commitment to the prosperity gospel and a global media ministry.

  • Full Name: Frederick Kenneth Cercie Price
  • Date of Birth: January 3, 1932
  • Place of Birth: Santa Monica, California, USA
  • Date of Death: February 12, 2021 (Age 89)
  • Cause of Death: Complications from COVID-19
  • Spouse: Dr. Betty R. Price (married 1953)
  • Children: Four—Angela Marie Evans, Cheryl Ann Price, Stephanie Pauline Buchanan, and Frederick Kenneth Price, Jr.
  • Ministry Founded: Crenshaw Christian Center (CCC) (1973)
  • Global Outreach: Ever Increasing Faith Ministries (Televangelism)
  • Successor: His son, Frederick K. Price, Jr., was installed as the new pastor.
  • Notable Achievement: Building the FaithDome (formerly the Forum), a 10,000-seat church, one of the largest in the country.
  • Key Theological Association: Pioneer of the Word of Faith and Prosperity Gospel movements.

The Primary Sources of Frederick K.C. Price’s Personal Wealth

The total net worth of a televangelist like Apostle Price is complex, as it separates personal assets from the non-profit assets of the ministry. His $1.5 million personal valuation was primarily derived from three key income streams, independent of the church's tax-exempt status.

1. Book Sales and Publications

One of the most consistent and lucrative sources of personal income for Dr. Price was his extensive writing career. He authored over 50 books on topics related to faith, healing, prosperity, and the Holy Spirit.

  • High-Volume Titles: Popular books such as "How Faith Works," "Answered Prayer: Guaranteed!," and "Is Hell Real?" sold millions of copies globally.
  • Royalties: Unlike his salary from the church, royalties from book sales and publications constituted a direct, personal income stream.
  • Global Distribution: His literature was central to the Ever Increasing Faith Ministries’ media outreach, extending his message and revenue far beyond Los Angeles.

2. Media and Broadcast Revenue

The "Ever Increasing Faith" television and radio program was broadcast internationally, reaching millions of viewers. This massive media presence was a powerful engine for donations and the sale of ministry products, which indirectly supported his personal income through compensation for his role as the ministry's leader and founder.

While the ministry’s revenue (estimated between $10 million and $100 million annually) was used for church operations, the scale of the operation allowed for a comfortable, high-earning lifestyle, including a personal residence and other assets.

3. Real Estate and Personal Holdings

The $1.5 million net worth estimation includes personal real estate holdings and liquid assets. It is a common practice for leaders of large ministries to receive housing allowances or own properties separate from the church's vast real estate portfolio.

The church's assets, however, are immense, centered around the 32-acre property in Los Angeles. This property, which includes the colossal FaithDome, has a valuation in the hundreds of millions, but this belongs to the non-profit Crenshaw Christian Center, not the Price family personally.

The Financial Power of the Crenshaw Christian Center and the FaithDome

To understand the context of Dr. Price's personal net worth, one must look at the sheer scale of the institution he founded. The Crenshaw Christian Center (CCC) is not just a church; it is a spiritual and financial empire.

The $10 Million-to-$100 Million Annual Revenue

Financial data for the non-profit CCC indicates annual revenues in the expansive range of $10 million to $100 million. This revenue is generated through tithes, offerings, and donations from its large membership, which once numbered over 16,000, and from its global television audience.

This massive influx of capital is what allows the ministry to maintain its operations, global broadcasts, various social programs, and its impressive real estate holdings.

The FaithDome: A Monument to Faith and Finance

The centerpiece of the CCC is the FaithDome, a 10,000-seat sanctuary that was converted from the former Los Angeles Lakers and Kings arena, The Forum.

  • Acquisition: The property was purchased in 1989.
  • Capacity: With 10,000 seats, it is one of the largest church buildings in the entire country.
  • Symbolism: The FaithDome is a physical manifestation of the prosperity gospel, demonstrating the belief that faith can unlock massive financial and material blessings.

The sheer cost and maintenance of such a massive facility highlight the difference between the church's assets and the pastor's personal wealth. The church's assets are tied up in the property and buildings, which are tax-exempt and legally separate from the founder's personal finances.

The Word of Faith Controversy and the Prosperity Gospel

Dr. Price's ministry and wealth are inextricably linked to his pioneering role in the Word of Faith movement, a theology that has drawn significant controversy.

The core of this teaching, often called the Prosperity Gospel, posits that financial blessing and physical health are the will of God, and that faith, positive speech, and large financial 'seeds' (donations/tithes) are the mechanisms to receive these blessings.

Critics argue that this theology encourages followers to give large sums of money with the expectation of a financial return, thereby enriching the televangelist and the ministry. Dr. Price was one of the most notable Black prosperity preachers, and his success in building the CCC and the FaithDome was often cited as evidence of the movement's financial effectiveness.

The Price Family Legacy and Succession

Following his passing, the ministry's future was secured through the succession plan. His son, Frederick K. Price, Jr., who was installed as pastor years before his father's death, now leads the Crenshaw Christian Center.

The entire family remains involved, with his wife, Dr. Betty R. Price, and their daughters also playing prominent roles in the church and its associated ministries. The ongoing operation of the Ever Increasing Faith Ministries and the massive CCC ensures that the financial and theological legacy of Apostle Frederick K.C. Price continues to impact global Christianity in late 2025.

Frederick K.C. Price Net Worth: Unveiling the $1.5 Million Legacy of the FaithDome Founder
frederick k.c. price net worth
frederick k.c. price net worth

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