David Letterman is a former host of late night shows, writer, comedian, actor and producer. His net worth is $400 million.
Dave was born in Indianapolis, Indiana on April 12, 1947, after high school, he graduated an average student from the Department of Radio and Television at the Ball State University, Muncie Indiana.
Letterman began his broadcasting career as a disc jockey on WAGO-AM 570, a radio station run by students. He then became an all-purpose announcer on an Indianapolis station, WLWI. He introduced movies, was a substitute weatherman, hosted a children’s program, and was a news anchor. He moved to Los Angeles in 1975 to expand his show business to include comedy writing and stand-up comedy. He began writing, hosting and appearing in a number of TV shows including The Starland Vocal Band Show, Peeping Times, Mork & Mindy, The Mike Douglas Show, and more.
David Letterman Net Worth: TV Host
Beginning from 1978, he began making frequent appearances on ‘The Tonight Show With John Carson’ after his sarcastic humor attracted scouts for the show. In 1980 he got his own morning show, The David Letterman Show on NBC but though it received critical acclaim, and even won him two Emmy’s the ratings were poor causing NBC to cancel the show. However, when the show was rescheduled for a late night spot and renamed Late Night With David Letterman, the ratings increased and soared. It ran from 1982 to 1993.
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After John Carson’s 1992 retirement from NBC’s Tonight Show, Letterman longed to replace him but when the spot was instead offered to Jay Leno, Letterman left NBC for CBS. His CBS “Late Show With David Letterman” debuted on 30th August 1993 and lasted until his retirement on May 20th 2015. Initially, David earned $14 million annually from the show, double of what he was making from NBC’s “Late Night With David Letterman”, the earnings soared eventually to $20 million and $50 million annually by 2007, but in the later years of the show, his earnings dropped back to $20 million due to the reduced viewership. Its advertising revenue declined to $114.5 million compared to the $271 million it made in previous years. The final CBS show received 13.76 million views in the US.
David Letterman Net Worth: Production
David Michael Letterman has a production company, Worldwide Pants Inc. which produced his Late Show and other shows including The Late Late Show with Craig Ferguson. One of its most successful production is “Everybody Loves Raymond” which is currently in syndication. Worldwide Pants has also produced movies and TV series including “Strangers with Candy” (2005) and “The Knights Of Prosperity” (2007).
David Letterman Net Worth: Property
With the wealth his talent brought him, Letterman branched into the real estate business. He owns a number of properties including a 108 acre estate in New York that he bought for $10 million, a 2,700 acre ranch in Montana, houses in St. Barth’s, Martha’s Vineyard and Massachusetts. He owns a fleet of Ferraris worth $1.2 million.
Dave is a co-owner of Rahal Letterman Racing, an Indy Racing team. The other owners are Bobby Rahal (former Indianapolis 500 Winner) and Mike Lanigan.
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David is also very charitable, via his American Foundation for Courtesy and Grooming, he has donated millions to numerous non-profit organizations such as the American Cancer Society, and Doctors Without Borders. He also established the Letterman Telecommunications Scholarship at his Alma mater, Ball State University, Muncie Indiana
Sometime in 2005, police discovered a plot to kidnap David son Harry Letterman (b. 2003), as a result of this, the family keeps a low social profile.
In 2009, someone tried to blackmail Dave in an attempt to ruin his reputation. He accused him of having sex with a number of female employees (which was true) and demanded $2 million. With help from the Manhattan D.A. office they gave a fake check, which lead to the arrest of the blackmailer while he attempted to cash the check. The culprit who turned out to be Joe Halderman, a producer at CBS News was charged and served a 6 month sentence.
In 2000, Dave underwent a quintuple bypass heart surgery. He also suffers from Tinnitus, aka ringing in the ears, a symptom of hearing loss.
David Letterman’s net worth may not increase as it did during his career as late night TV host. He will however make some substantial money from production his real estate projects, and other side engagements.
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