David Letterman's $400 Million Net Worth Makes Him One Of The Richest Late Night Hosts

May 15, 2024

Highlights

David Letterman's distinctive and nontraditional option to webhosting made Late Night with David Letterman a cult classic.
Letterman's move to CBS as the host of Late Show with David Letterman came with a massive increase in salary, going from $14 million to $30 million in line with season.
Even though his net worth is reported to be over $400 million, resources are divided on the actual number, with some suggesting he's worth nearer to $500 million.

David Letterman's start on late-night tv as a widespread guest megastar on Johnny Carson's The Tonight Show allowed him to put his comedic chops on display early on. NBC formally offered him his first spot in 1982, Late Night with David Letterman.

Thanks to his distinctive and nontraditional solution to webhosting, the display briefly was a good fortune and turned into a cult classic for audience. In 1993, Letterman moved to CBS, turning into Late Show with David Letterman, and this alteration got here with a massive inflow in wage, going from a reported $14 million per season to $30 million per season.

It's not surprising that David Letterman was in a position to acquire a massive net worth of over $400 Million in his 30-plus years as a bunch, however let's take a look at where he ranks amongst different late-night TV hosts.

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Updated December 2023:David Letterman continues to build his net worth together with his display, 'My Next Guest Needs No Introduction' on Netflix. In addition, he owns a racing crew this is poised to go to the Indy 500 this season, and has made real property deals that have netted him millions. With those ventures, Letterman's net worth will best continue to climb.

David Letterman's Annual Salary

David Letterman Earned Up To $28 Million Per Year

Letterman earned maximum of his net worth from The Late Show

David Letterman's salary on The Late Show has been impressive for a very long time. Figures recommend he earned $28 million in 2014, the year sooner than he left the late-night TV display.

Letterman obviously has multiple source of revenue streams, however the bulk of his wage most likely stemmed from his gig with CBS. Otherwise, why would he have stayed goodbye?

As it was, Letterman's reign in late-night TV broke information, each in terms of his salary earnings and his tenure.

In general, David Letterman hosted 6,080 episodes of Late Night and Late Show, surpassing his friend and mentor Johnny Carson as the longest-serving late night talk display host in American television history.

How Much Other Late-Night TV Hosts Earn Compared To Letterman

Only Jay Leno made more than Letterman on the late-night communicate display circuit

Stephen Colbert's salary easily surpassed David Letterman's, netting Colbert $15 million in step with 12 months. While Letterman is said to have made $50 million consistent with 12 months, that's not from a single show or community.

It is, then again, more than Craig Ferguson made in all his years on TV earlier than he left The Late Late Show. Ferguson was worth $30 million after he gave up his seat to James Corden.

But even James Corden can't hold a candle to his earlier predecessor's earnings, as Corden was worth about $70 million when he left The Late Late Show.

Here is what some late-night talk display hosts have earned and are continuing to earn, according to Yahoo! Finance and how they examine to Letterman:

Host: Seth Meyers	Salary: $5 million/12 months	Net Worth: $26 million
Host: John Oliver	Salary: $8 million/yr	Net Worth: $35 million
Host: Jimmy Kimmel	Salary: $15 million/yr	Net Worth: $50 million
Host: Jimmy Fallon	Salary: $16 million/yr	Net Worth: $60 million
Host: Stephen Colbert	Salary: $15 million/12 months	Net Worth: $75 million
Host: Bill Maher	Salary: $10 million/12 months	Net Worth: $140 million
Host: Taylor Tomlinson	Salary: $3 million/yr	Net Worth: $8 million

During their heydays, hosts Jay Leno, James Corden, Craig Ferguson, and extra have been bringing in spectacular paydays for their final years on their respective communicate displays.

These now-retired communicate show hosts, in step with Celebrity Net Worth earned a good deal of cash. Those figures come with:

Host: James Corden	Salary: $9 million/12 months	Net Worth: $70 million
Host: Craig Ferguson	Salary: $8.5 million/yr	Net Worth: $30 million
Host: Jay Leno	Salary: $30 million/yr	Net Worth: $450 million
Host: Conan O'Brien	Salary: $15 million/12 months	Net Worth: $200 million

Letterman's net worth is a testament to the reality of how onerous he labored over the years and the way his deals outside of internet hosting The Late Show With David Letterman have helped him amass his hefty net worth.

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David Letterman's Net Worth Is Over $400 Million

David Letterman Diversified His Work To Make His Fortune

Letterman continues to paintings on My Next Guest Needs No Introduction on Netflix

Early in 2023, sources appear to be divided on Letterman's precise net worth. However, these days it appears that the majority agree he's worth $400 million.

Letterman has surpassed many iconic TV display hosts' net worth with that quantity. The reality that he's now not website hosting late-night TV additionally doesn't seem to have impacted David's money waft. The most effective exception appears to be Leno. Both of which appear to be maintaining their net worth because of this of their side hustles. For Leno, it is his stand-up career that brings in $10 million annually. For Letterman, it is for My Next Guest Needs No Introduction, which he gets paid $2 million per episode for.

After a brief time off-air between 2014 and 2018, Letterman reappeared on My Next Guest Needs No Introduction with David Letterman, a highly-rated Netflix collection.

With 4 seasons up to now, it's being reported by means of some shops that the fifth season is ready to premiere in 2024. However, that has not been showed, so lovers should wait and notice.

In 2022, David appeared in a comedy special, and he continues to work on other projects, each in motion pictures and tv. Some of those ways that Letterman makes his net worth is thru real property, owning a racing group, and having an extensive car assortment.

The homes that Letterman owns, according to Celebrity Net Worth come with:

New York Estate	Year Purchased: 1994	Purchase Price: $5.3 million	Year Sold: Still owns	Sale Price: N/A
Montana Chateau	Year Purchased: 1999	Purchase Price: Unknown	Year Sold: Still owns	Sale Price: N/A
Martha's Vineyard Home	Year Purchased: 2001	Purchase Price: $11 million	Year Sold: Still owns	Sale Price: N/A
St. Bart's Home	Year Purchased: Unknown	Purchase Price: Unknown	Year Sold: Still owns	Sale Price: N/A
Connecticut Estate	Year Purchased: 1983	Purchase Price: $400,000	Year Sold: 2002	Sale Price: $1.1 million

Letterman's racing group, Rahal Letterman Racing signed a multi-year deal with Graham Rahal earlier this yr. While the financials have no longer been launched, the hopes are that Rahal can qualify for the Indy 500. If this happens, the inventory of the staff goes up dramatically.

Part of Letterman's net worth is tied to his car collection. Those automobiles, in line with CARHP come with:

Porsche Cabriolet	Year: 1961	Price: $87,550
Porsche 911 Coupe	Year: 1988	Price: $102,000
Porsche 356C	Year: 1964	Price: $109,000
Ferrari 328 GTS	Year: 1988	Price: $112,000
Porsche 356 A Speedster	Year: 1957	Price: $340,000
Ferrari 250 GTE	Year: 1963	Price: $350,000
Ferrari Dino 246 GTS	Year: 1969	Price: $430,000
Ferrari Daytona	Year: Unkn	Price: $790,000
Ferrari 330 GTS	Year: 1968	Price: $2.25 million
Ferrari 288 GTO	Year: 1985	Price: $3.5 million to $4 million

Letterman lately seemed on the Late Show in November 2023 to file audiences. Fans have been thrilled to look Letterman back on the late-night circuit if simplest as a visitor, to listen to what he has been doing and what he ignored since leaving the show that made him a household identify. While this didn't lend a hand Letterman's net worth, it helped to keep him in the public eye for long term tasks that Letterman may have.

Source: Celebrity Net Worth, CARHP

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