How much is David Letterman worth?
|Net Worth:||$400 Million|
|Profession:||Professional TV Host|
|Date of Birth:||April 12, 1947|
|Country:||United States of America|
About David Letterman
David Letterman was famously late night talk show host and a veteran of the industry, as he not only hosted various shows for three decades, but also oversaw other late night shows by being an executive producer. He has influenced many younger late night hosts, such as Jimmy Kimmel, Jimmy Fallon, Seth Meyers, Conan O’Brien, and Stephen Colbert, who went on to become Letterman’s replacement after his retirement.
David Letterman hosted different variations of The Late Show for 32 years, and it came as a shock when he resigned and passed the torch on to Stephen Colbert. The Late Show with David Letterman lasted 23 seasons with well over 4000 episodes, and prior to that, Late Night with David Letterman had 11 seasons and over 1000 episodes. The show went on to define late night as we know it; an opening monologue, speaking with guests, a band that he interacts with, a musical act. And the formula would not be changed or tweaked until Jimmy Kimmel came on to the scene twenty years later, but even then the traditional format did not change all that much.
Though this might not be the most positive reason for somebody being famous, but this scandal nevertheless brought a lot of attention to Letterman, including overseas citizens who hadn’t previously heard of the host. He had been called out for having two long term affairs. A fellow CBS producer tried to blackmail Letterman for two million dollars, as the producer left evidence of one affair in Letterman’s car with the demand for the money. Instead, Letterman went to the police and confessed on live television what had happened, apologizing to his crew and to his wife. To find out who the blackmailer was, Letterman, with help from the police, conducted a sting operation in which he sent a fake check to him. When the man tried to cash the check, that’s when they found out the blackmailer was Joe Halderman.
He has featured in multiple movies and television shows as himself, often as cameos, but has never had any interesting to venture in to acting roles or anything of the sort outside of hosting, like many performers do. However, it might not be from Letterman’s lack of interest in pursuing something new, but from just being too busy as hosting a show every day of every week of every month of every year can no doubt be exhausting, as there is a lot of work to be done off-screen too and a lot of collaboration with the writers and keeping up to date with daily events in the industry and in the news.
Letterman was the host of his show for 22 years and a host on late night television for a total of an amazing 32 years. So when he finally retired in 2015, it wouldn’t be long until Letterman got the itch to go back in to hosting and interviewing. He signed a deal with Netflix for a more stripped back talk show which would become My Next Guest Needs No Introduction.
Letterman is most profitable late night show in history, and hosts on the air now don’t make closer to Letterman’s salary from several years ago. In his later years of hosting The Late Show, Letterman was earning $30 million per year, Which is almost double what the highest paid host in late night is making right now, Jimmy Fallon currently makes $15 million per year.
Though hosting the Late Show wasn’t his only source of income. Letterman founded the television production company, Worldwide Pants. Worldwide Pants was the type of production company that had it’s priorities straight and rarely experimented, though that might be because it failed the few times it did experiment. The production company focused almost exclusively on the production of late night shows. Besides his own show, In all of its forms, Letterman has been the executive producer of The Late Late Show since its inception in 1995 when Tom Snyder was the host, all the way through to 2014, when Craig Ferguson was the host. The company was also produced Everybody Loves Raymond for 210 episodes, with Letterman serving as executive producer for every episode. With the hundreds of thousands of archival footage and the syndication sales of Everybody Loves Raymond, Letterman would be making millions of dollars from this alone.
Apparently, when it comes to his production company, Letterman doesn’t have a hands on approach after he has invested seed money, but his name carries weight and encourages other production companies to invest so he doesn’t have to carry all of the risk himself. This is an extremely smart move on Letterman’s part as he can just accrue profit without having to do any of the work.
However, the production company was on pause for years after Letterman’s last episode of The Late Show and it was looking like it was going to become defunct and closed down. There isn’t much for the company to do as Everybody Loves Raymond ended a long time ago and all of the late shows the company produced had come to an end too. However, they are co-producing Letterman’s Netflix show. The company would have downsized massively as that show isn’t the machine The Late Show was and only produces six episodes per season.
Throughout his career David Letterman has been nominated for and won several awards, including several prime time Emmys. From producing one of the most popular sitcoms of all time to running the midnight hours of CBS, throughout decades Letterman has influenced generations. When it comes to Letterman’s future, it’s not clear what his next projects might be, if any. It looks as if Letterman decides to record episodes of My Next Guest Need No Introduction at his leisure and he seems to be enjoying having free time more than anything. At 73 years old, David Letterman is still working, albeit on his own watch, but when you have a net worth of $400 million, why would you let anybody tell you what to do?