ENTERTAINMENT

King Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 Million

Date October 16, 2019 15:23

David Letterman retired from late-night TV and stepped away from CBS in 2015. Although this fact was sad for David and his devoted fans, he was lucky enough to have a great job and even greatest salary. The ex-host has apparently nothing to worry about on his pension.

David Letterman net worth

Letterman is renowned as the top among 10 richest late night show hosts. David Letterman Net Worth amounts to $400 million as reported by Celebrity Net Worth, and he's invested in several companies and properties sure to keep him comfortable in retirement.

Letterman earned a $1 million salary from his truncated first TV show. By the time he took the reins of Late Night with David Letterman in 1982, his salary was up to $7 million per year. During his prime years, he earned as much as $40 million a year, and the money keeps rolling in.

King Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionGetty Images / Ideal Image

The famous TV host has been involved in real estate business and he owns a production company, Worldwide Pants Incorporated that produces and owns the rights to "Everybody Loves Raymond" (1996), "The Building" (1993), "Bonnie" (1995), "The High Life" (1996), "The Late Late Show with Craig Kilborn" (1999), and "Ed" (2000).

Although in recent years David's earning capacity drastically deflated to $20 million yearly, more than three decades in front of the camera on a major TV network helped him build a substantial fortune.

David's philanthropy

And what deserves the utmost respect is that David doesn't hide his money under the pillow he does everything he can to make the world a better place.

King Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionGetty Images / Ideal Image

David Letterman uses his money for charity. In 1993 he launched his own foundation The Letterman Foundation for Courtesy and Grooming. From years 2001 to 2011 LFCG donated a total of over $9.2 million to various foundations and other organizations.

King Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionKing Of Late-Night Show David Letterman's Net Worth Makes Him One Of The Richest Hosts, With Annual Salary Of $40 MillionGetty Images / Ideal Image

Granted, David Letterman is the foundation's president and primary contributor. They help absolutely different organizations including schools, special Olympics, nature conservancies, medical centers etc.

David proved himself to be a great man who worked hard to become successful. Still, money and fame didn't change him and his beliefs. He has a big heart and an open mind and we can't be more proud to have him!