Richard Karn Net Worth

How much is Richard Karn worth?

Net Worth:$15 Million
Profession:Professional Actor
Date of Birth:February 17, 1956 (age 66)
Country:United States of America
Height:
5 ft 10 in (1.78 m)

“I still feel like no one knows who I am. I still feel anonymous.” Richard Karn

About Richard Karn

Richard Karn Wilson is an American actor, author, and game show host. He’s best known for his appearance in the 1990s sitcom Home Improvement where he portrayed the leading role of Al Borland. The following decade, he replaced Louie Anderson as the host of the game show Family Feud.

He also hosted other television and radio shows such as Bingo America, TV’s Funniest Game Shows, and GSN Radio.

American actor, author and former game show host Richard Karn has an estimated net worth of $15 million dollars, as of 2023. Karn starred as Al Borland in the 1990s sitcom Home Improvement and was the fourth host of the game show Family Feud from 2002 to 2006.

Richard Karn became famous when he replaced Louie Anderson and became the fourth host of Family Feud. He was born on February 17, 1956, in Seattle, Washington. His father is Gene Wilson, a Seabee that served in the World War II. Richard attended the Roosevelt High School from which he graduated in the 1974. He then enrolled at the University of Washington, specifically in the Professional Actor Training Program. He was a member of the Beta Theta Pi sorority.

Graduating from the University of Washington with a Bachelor’s degree in Arts and Drama. He continued to gain drama experience in Scotland at the Edinburgh Festival, which he visited occasionally during the late 1970s and early 1980s. Shortly after his graduation, he moved to New York City where he received his first acting opportunity in just a week – starring in a commercial for the Michelob beer that was later on featured at the Super Bowl XIV event. In the 1980s, after joining the Screen Actors Guild, he changed his name to Richard Karn due to the fact that there’s another actor that was using his first and last name.

Being an actor, television host, and personality helped this superstar become a millionaire in the early 2000s. In 1989, just a few years after he married his wife Tudi Roche (an actress and singer that also appeared on Home Improvement), Richard decided to move to Los Angeles.

The couple met an agent that helped them land roles in the new television show Home Improvement. While Tudi was given a small role in just a few episodes, Richard was offered a recurring role in the first season.

After impressing the directors and producers of the ABC sitcom, Karn’s character, Albert (Al) Borland, became a leading from season two. He not only received international popularity with the television show but also earned himself millions of dollars. Overall, Richard is one of the six characters of Home Improvement that appeared in all eight seasons from September 1991 to May 1999.

It has been reported that his salary for the last two seasons was $150,000 per episode. His total earnings from the show have been calculated at $13.124 million. It is estimated that his net worth may have briefly been as high as $9 million, in 1999.

While it is concluded that some money was spent. Richard Karn increased his net worth through sporadic appearances on television series, talk shows, and reality programs such as Carol and Company, Burke’s Law, The Rosie O’Donnell Show, and The Chronicle to name a few. After the conclusion of Home Improvement, in 1999, Karn also released his first book – House Broken. Three years later, following the success of the first, he released the sequel Handy at Home.

That year, he signed a million-dollar contract with ABC to replace Louie Anderson and become the host of the game show Family Feud, where he remained until 2006. In addition to that one, he has hosted several other shows – The Most Amazing Acts on Earth, Foot Soldier, Bingo America, and most recently GNS Radio.

While starring in the popular ABC sitcom almost the entire decade, the skilled actor began working in both independent and television films. His film debut came in the 1998 fantasy horror Bram Stroker’s Legend of the Mummy. He then appeared in other productions such as MVP: Most Vertical Primate, Picture Perfect, The Pooch and the Pauper, Air Bud, Air Buddies, and Snow Buddies.

Karn’s Total Net Worth

Appearing on Home Improvement between the years of 1991-1999 is how Karn earned the majority of his net worth. In the first two seasons it is estimated that he earned as little as $1,500 per episode; which was worth more in 1991, that is more like $3,400 today. We know that the amount he was being paid per episode went up majorly because for the last two seasons Karn earned $150,000 per episode. Less is known about seasons three to six but it is estimated that after the renegotiation that occurs at this time (after season two) on TV series that have proven to be successful, on average Karn was earning $50,000 per episode.

That means for the first season which included 24 episodes, he earned $36,000. Season two included 25 episodes and so Karn’s earnings went up to $37,500 that year, or about $80,000 in today’s money. Season three was another 25 episodes at a newly negotiated rate, estimated at around $50,000 per episode. Karn earned $1.25 million between 1993-1994 from his appearances on Home Improvement, alone. For season four and five, the show included 26 episodes making earnings $1.3 million per each of those two seasons. Season six included 25 episodes causing him to earn another $1.25 million.

After that, Karn’s income increased dramatically as he began earning $150,000 per episode from the show. Season 7, with 25 episodes, resulted in earnings of $3.75 million between the years of 1997-1998. Season 8 included extra episodes making the total 28 episodes at $150,000 per episode result in total earnings for Karn, to be $4.2 million. Which means, all told, Karn earned a total of $13.124 million from Home Improvement. He may have also earned a small signing bonus of around $25,000 at the start of the show and also it is noted that he did not appear in two episodes of the show. He did earn more however from various appearances relating to the show, all in all however, it is safe to say that he did not earn more than $13.5 million from all of his association with Home Improvement.

While Richard Karn has made other appearances in his career, nothing has yet come close to his earnings from Home Improvement. He was cast as himself in Assembly Required in 2020. However it has not added up to much so far considering there has only been a single season of 10 episodes and the length of each is only about 20 minutes. He also been appearing in PEN15 as Fred Peters between 2019-2021.

The bottom line is though, from all of his other appearances, including on Family Feud and in The Horse Dancer and all of the other TV series and films that he has been in. It is estimated that he has earned a total of $6 million. That figure includes earnings from his two books.

He did make a shrewd real estate investment that we know about. He paid $1.1 million in 1996, for a 6,000 square-foot mansion in Studio City, California. This property may be worth around $4.5 million today. In total Karn’s career earnings from his appearances are at $19.124 million. Another $2.5 million is being added for his property investment because one must also factor in the renovation and upkeep of the property as well as the ability to actually liquidate it in favorable timing and one must also factor in the taxes and other costs associated with doing that. In total, still, that’s an estimated $21.624 million.

Richard Karn married Tudi Roche in 1985 and they remain together in 2022. Karn has had no legal problems and has no history of alcohol or other drug abuse. He’s a handy person and likely has been able to hold onto quite some of his wealth. Still, it is unlikely that Karn has managed to retain all of his taxed earnings but it is still considered higher than average. After taxes, in total, Richard Karn has an estimated net worth of $15 million.

Summing-Up

Richard Karn is known for his role in Home Improvement and for hosting the widely-popular game show Family Feud. Apart from these two, he has taken part in many other projects as an actor, director, host, and producer. Even now, in his mid 60s, the television actor continues to actively appear on television and uphold his legacy.

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