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Stan Lee, Marvel Comics writer, creator of the Avengers and X-Men, dies age 95

Stan Lee, the writer behind some of the world's best-known comic book characters including Spider-Man, Iron Man, the Hulk, Black Panther, the Avengers and the X-Men, has died aged 95.

His daughter, Joan Celia Lee, confirmed his death on Monday (local time).

Lee began his career in comics in 1939 as an office assistant at Timely Comics, which would later become Marvel Comics.

Working alongside artists Jack Kirby and Steve Ditko, Lee created dozens of well-known characters and helped bring about what is now known as Marvel's Silver Age.

Lee's creations have been made even more popular over the past decade with the release of the Marvel Cinematic Universe, the highest-grossing film franchise of all time.

Its more than 20 films have earned more than $US6.2 billion ($8.2 billion) at the box office.

This year's release of Avengers: Infinity War broke the record for the highest opening week, raking in $831 million worldwide.

Despite his fundamental contribution to Marvel's success, Lee's estate was reported to be worth only a fraction of what the company earned from his ideas.

He never received copyright ownership or royalty payments for his writing, although he was reportedly paid $1.3 million a year by Marvel.

His final years were also marked by a legal battle against his company POW! Entertainment and allegations of elder abuse.

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