Drew Carey, the beloved American comedian, actor, and game show host, has been a household name for decades.
Known for his quick wit, infectious laugh, and iconic glasses, Carey has built an impressive entertainment career.
But just how much is this funny man worth? Let’s dive into the details of Drew Carey’s net worth and explore the journey that led him to his current financial status.
The Early Days: From Marine to Comedian
Born on May 23, 1958, in Cleveland, Ohio, Drew Allison Carey didn’t start as a wealthy entertainer. After graduating high school, he joined the United States Marine Corps Reserve, serving for six years.
This experience would later influence his signature crew cut and thick-rimmed glasses look. After his time in the Marines, Carey began his comedy career in the late 1980s.
He started performing stand-up at comedy clubs in Cleveland and eventually moved to Los Angeles to pursue bigger opportunities.
His hard work paid off when he appeared on Star Search in 1988, followed by appearances on Late Night with David Letterman.
The Drew Carey Show: A Turning Point
Carey’s big break came in 1995 with the launch of his self-titled sitcom, “The Drew Carey Show.” The show was a massive hit, running for nine seasons until 2004.
This success significantly boosted Carey’s income and laid the foundation for his future wealth. During the early seasons of the show, Carey earned around $60,000 per episode.
However, as the show’s popularity grew, so did his paycheck. By the final season, Carey was reportedly earning a whopping $750,000 per episode. This substantial increase in earnings played a crucial role in building his net worth.
Whose Line Is It Anyway?: Improv Success
While “The Drew Carey Show” was still on air, Carey began hosting the American version of the improvisational comedy show “Whose Line Is It Anyway?” in 1998. This further cemented his status as a comedy icon and added to his growing wealth.
The Price Is Right: A Lucrative Gig
In 2007, Carey took on the role of host for the long-running game show “The Price Is Right,” replacing the legendary Bob Barker.
This position has been a significant contributor to Carey’s net worth. While his exact salary for the show isn’t public knowledge, it’s estimated to be in the millions per year.
Other Ventures and Investments
Carey’s wealth isn’t solely from his television career. He’s also made smart investments and ventured into other business opportunities:
- He’s a minority owner of the Seattle Sounders FC, a Major League Soccer team.
- Carey has authored an autobiography, “Dirty Jokes and Beer: Stories of the Unrefined,” which became a New York Times bestseller.
- He’s appeared in several films and television shows, adding to his income stream.
Drew Carey’s Net Worth
As of 2024, Drew Carey’s net worth is estimated to be around $165 million. This impressive figure is the result of his long-standing career in entertainment, smart investments, and continued success as the host of “The Price Is Right.”
It’s important to note that net worth can fluctuate based on various factors, including market conditions, new business ventures, and personal spending habits.
However, Carey’s diverse income streams and established career suggest that his wealth is likely to remain stable or even grow in the coming years.
Breaking Down Drew Carey’s Wealth
Television Earnings
The bulk of Carey’s wealth comes from his television career. His earnings from “The Drew Carey Show,” “Whose Line Is It Anyway?,” and “The Price Is Right” have been substantial.
While exact figures aren’t available for all his roles, we know that at the peak of “The Drew Carey Show,” he was earning $750,000 per episode.
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multiply that by a 22-episode season, and you’re looking at $16.5 million for just one season of work.
Real Estate
Like many celebrities, Carey has invested in real estate. He owns a mansion in Los Angeles that he purchased in the early 2000s for around $3 million.
The value of this property has likely appreciated significantly over the years, adding to his overall net worth.
Investments and Business Ventures
Carey’s investment in the Seattle Sounders FC has likely been profitable. Major League Soccer has seen significant growth in recent years, with team valuations increasing.
While we don’t know the exact value of Carey’s stake, it’s reasonable to assume it has appreciated since his initial investment.
Book Sales and Other Media Appearances
Carey’s autobiography and appearances in films and other television shows have also contributed to his wealth.
While these may not be as significant as his main television roles, they’ve helped diversify his income streams.
Philanthropy and Spending Habits
Despite his considerable wealth, Carey is known for his down-to-earth personality and charitable giving. He’s been involved with various charitable organizations and causes, including:
- Supporting the Cleveland Public Library.
- Donating to the Ohio Library Foundation.
- Contributing to various children’s hospitals.
Carey’s spending habits seem to be relatively modest compared to his wealth. He’s not known for extravagant purchases or a lavish lifestyle, which has likely helped him maintain and grow his wealth over the years.
The Future of Drew Carey’s Net Worth
At 66 years old in 2024, Carey shows no signs of slowing down. He continues to host “The Price Is Right,” which remains popular with viewers. As long as he maintains this position, his income is likely to remain steady.
Moreover, Carey’s investments and business ventures provide additional avenues for wealth growth.
If he continues to make smart financial decisions and maintains his current career trajectory, it’s possible that his net worth could increase in the coming years.
FAQs
How did Drew Carey accumulate his wealth?
Drew Carey accumulated his wealth primarily through his successful television career, including “The Drew Carey Show,” “Whose Line Is It Anyway?,” and “The Price Is Right.” He’s also made smart investments and ventured into other business opportunities.
What is Drew Carey’s highest-paying job?
While exact figures aren’t public, it’s likely that Carey’s current role as host of “The Price Is Right” is his highest-paying job. However, at the peak of “The Drew Carey Show,” he was earning $750,000 per episode.
Does Drew Carey own any businesses?
Carey is a minority owner of the Seattle Sounders FC, a Major League Soccer team. He may have other business investments that aren’t public knowledge.
How much does Drew Carey make from “The Price Is Right”?
The exact figure isn’t public, but it’s estimated to be in the millions per year.
Is Drew Carey one of the richest game show hosts?
While not the richest, Carey is certainly among the wealthier game show hosts. His net worth puts him in the upper echelons of television personalities.
Has Drew Carey’s net worth increased or decreased in recent years?
Based on available information, Carey’s net worth appears to have remained relatively stable or slightly increased in recent years.
What was Drew Carey’s first big break in terms of earnings?
Carey’s first big financial break came with “The Drew Carey Show” in 1995, which ran for nine seasons and saw his per-episode salary increase dramatically over time.
Does Drew Carey have any expensive hobbies?
Carey is known to be a photography enthusiast, but he’s not known for particularly expensive or extravagant hobbies.
Has Drew Carey ever faced financial difficulties?
There are no public records of Carey facing significant financial difficulties. He seems to have managed his wealth well throughout his career.
How does Drew Carey’s net worth compare to other comedians of his era?
While not the wealthiest, Carey’s net worth is comparable to many successful comedians of his generation. However, it’s important to note that net worth can vary greatly among entertainers based on their career choices and business ventures.
