What is Drew Carey's Net Worth?
What is Drew Carey's Net Worth?
By Edcel Panganiban July 22, 2024 09:47
Drew Carey's journey to wealth and fame is a classic tale of talent, timing, and hard work. Carey's initial foray into comedy began with stand-up, where his quick wit and relatable humor quickly won over audiences.
However, it was his self-titled sitcom, "The Drew Carey Show," which aired from 1995 to 2004, that catapulted him into the limelight. The show was a ratings hit, and Carey's performance as an everyman struggling with life's ups and downs resonated with viewers, making it one of the most beloved sitcoms of its time.
Beyond his sitcom success, Carey's career took another leap forward when he became the host of "Whose Line Is It Anyway?" in 1998. The improvisational comedy show showcased Carey's quick thinking and comedic timing, further endearing him to the American public.
Career Highlights
He owes a lot of his early financial success to his hit television show, "The Drew Carey Show," which aired from 1995 to 2004, as he was reportedly earning $750,000 an episode during the later seasons.
He became the host of "The Price is Right" in 2007 after replacing legendary presenter Bob Barker. This role provided him with greater exposure and made him a frontrunner in his earnings, leading to making up an important portion of his total net worth. According to reports, Carey's earnings climb $12.5 million annually on "The Price is Right," which ranks him as one of the most highly paid TV hosts around the globe.
In addition to his television roles, Carey has also earned money from various films, animated voice-over work, and comedy tours. This has meant that he has been able to make the most of a number of revenue streams across the entertainment industry thanks to his multiple talents.
Drew Carey's Net Worth
Drew Carey's net worth as of 2024 is rumored to be $165 Million. Carey has enjoyed a fruitful career in entertainment for an even longer period, which helped him to amass this large amount before taxes since he is equally business-savvy with his investments and money-making ventures.
At his peak, Carey was one of the highest-paid entertainers in the world, earning $45 million a year in 1998, according to Forbes, which means he would make around $70 Million with inflation today. That meant he raked in $200,000 an episode for the first half of his time with "The Drew Carey Show" through 1997.
How Drew Carey Achieved a Net Worth of $165 Million
Television Hosting and Acting
The big money for Carey has come from the small screen experience of long runs on TV in "The Price is Right" and as star/exec producer of his former sitcom, 'The Drew Carey Show.' Alongside various high-profile gigs, this has ensured he has earned well for the last twenty-plus years and that his net worth is substantial.
Investments and Businesses
Apart from his work in entertainment, Carey has also made some smart investments that have added to his net worth. The most prominent is his ownership stake in the Major League Soccer team Seattle Sounders FC. Carey has a 7.5% stake in the team, valued at about $680 million last April.
In addition, Carey has dabbled in the stock market and other investment options to supplement his multiple streams of income and ensure his money keeps working for him over time. He has also been reported to own many different properties in the United States, using property investment as another method of accumulating wealth.
Endorsements and Advertisements
Carey has also increased his earnings through endorsements and advertising deals, as do many celebrities. His charismatic personality and universal appeal have made him a desirable candidate for companies wishing to endorse their products, which ultimately contributes to his net worth.
Higher Profile Star Comparisons
There are too many celebrities to list, but here are a few examples that might give you a taste of what the rest were like when we compared Drew Carey's net worth. He's not the richest game show host, but his years on The Price is Right have put him near the top of those best-paid in this specific entertainment world.
While Carey will continue to be a presence in the entertainment industry and pursue new projects, his net worth will surely increase over the years, making him one of the financially successful talents of his era.
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