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A stipend is a form of salary, such as for an internship or apprenticeship.tipend has a specific, different, use in the Church of England, meaning the salary of a stipendiary minister, one who receives payment directly from the diocese (as opposed to other forms of disbursement such as free use of a house in return for clerical duties, known as house-for-duty).
Michael Stipe Net Worth is $75 Million. Michael Stipe Net Worth is $75 Million. Michael Stipe is a Georgia-born American singer and the lead vocalist for the alternative rock band R.E.M. Known for his mumbling style of singing and his surreal lyrics, Stipe's estimated net worth is curren John Michael Stipe is an American singer, lyricist and visual artist. He was the lead vocalist of the alternative rock band R.E.M. from their formation in 1980 until their dissolution in 2011.