Drew Carey, a household name in the entertainment industry, has made a significant impact as a comedian, actor, and game show host. Known for his affable personality and quick wit, Carey has built a successful career spanning several decades. This success has translated into substantial wealth, making him one of the wealthiest figures in television. In this article, we’ll take a detailed look at Drew Carey’s net worth, exploring how he accumulated his fortune, his career highlights, and his financial endeavors outside of entertainment.
Early Life and Career Beginnings
Drew Allison Carey was born on May 23, 1958, in Cleveland, Ohio. His early life was marked by financial hardships, and he faced many challenges, including the loss of his father at a young age. Despite these obstacles, Carey found solace in comedy and developed a passion for making people laugh. He attended Kent State University but left before completing his degree, choosing instead to pursue a career in stand-up comedy.
Carey’s early career wasn’t easy. He spent years performing in small clubs, honing his craft and gradually building a reputation in the comedy circuit. His big break came in 1988 when he appeared on “Star Search,” a popular talent show. Although he didn’t win, his appearance opened doors, leading to guest spots on various television shows and a successful stint on “The Tonight Show Starring Johnny Carson.”
The Drew Carey Show: A Turning Point
The real turning point in Carey’s career came in 1995 when he created and starred in “The Drew Carey Show.” The sitcom, which aired on ABC, was a massive hit and ran for nine seasons until 2004. The show was a significant success, both in terms of viewership and syndication, making Carey a household name.
“The Drew Carey Show” was a goldmine for Carey, not only boosting his fame but also significantly contributing to his wealth. At the height of the show’s popularity, Carey was earning an estimated $750,000 per episode. This lucrative salary, combined with syndication deals, provided a solid foundation for his financial success.
Hosting “Whose Line Is It Anyway?” and “The Price Is Right”
After “The Drew Carey Show,” Carey continued to make waves in television, particularly as the host of “Whose Line Is It Anyway?” The improvisational comedy show, which originally aired on ABC, became a fan favorite, and Carey’s role as the host further cemented his status as a comedy icon.
However, it was his role as the host of “The Price Is Right” that truly solidified his place in television history. In 2007, Carey took over as the host of the long-running game show, succeeding the legendary Bob Barker. “The Price Is Right” has been a staple of American television since 1972, and Carey’s involvement breathed new life into the show.
Hosting “The Price Is Right” has been one of Carey’s most lucrative gigs. Reports indicate that he earns around $12.5 million annually from the show, making him one of the highest-paid game show hosts in television. This consistent income, along with residuals from his previous shows, has played a significant role in building his net worth.
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 decades-long career in television, his various business ventures, and smart financial decisions. Carey’s wealth is a testament to his talent, hard work, and ability to adapt to the ever-changing landscape of the entertainment industry.
Other Business Ventures and Investments
While Carey’s television career has been the primary source of his wealth, he has also made smart investments and ventured into other business areas. For example, he has been involved in real estate, owning multiple properties across the United States. His investments in the stock market have also contributed to his net worth, as he has made calculated decisions that have paid off over time.
In addition to real estate and stocks, Carey has invested in the restaurant industry. He co-owns several restaurants, which have been successful and provided an additional income stream. Carey’s business acumen extends beyond the entertainment industry, showcasing his ability to diversify his portfolio and secure his financial future.
Philanthropy and Giving Back
Drew Carey is not just known for his wealth; he is also known for his generosity. Over the years, he has been involved in various charitable endeavors, donating significant sums of money to causes close to his heart. Carey’s philanthropic efforts include supporting veterans’ organizations, cancer research, and education initiatives.
One of Carey’s most notable contributions is his involvement with the United Service Organizations (USO). He has frequently performed for troops overseas, providing entertainment and boosting morale. Carey’s commitment to giving back to those who serve is a reflection of his character and values.
Personal Life and Interests
Despite his fame and fortune, Drew Carey has maintained a relatively private personal life. He has been engaged twice but has not married. Carey’s interests outside of work include sports, particularly soccer. He is an avid supporter of Major League Soccer (MLS) and has been involved with the ownership of the Seattle Sounders, an MLS team.
Carey’s love for sports also extends to his involvement in professional wrestling. He has made guest appearances in World Wrestling Entertainment (WWE) events and was even inducted into the WWE Hall of Fame in 2011.
Conclusion
Drew Carey’s net worth of $165 million is a testament to his successful career in entertainment and his savvy financial decisions. From his humble beginnings in Cleveland to becoming one of the most recognizable faces on television, Carey’s journey is an inspiring story of perseverance and talent.
His wealth is not just a reflection of his success on screen but also his ability to invest wisely and diversify his income streams. Beyond his financial achievements, Carey’s philanthropic efforts and commitment to giving back demonstrate that he is not just a wealthy entertainer but also a person who cares deeply about making a positive impact on the world.
As Drew Carey continues to host “The Price Is Right” and engage in various business ventures, his net worth is likely to grow even further. His legacy in the entertainment industry is secure, and his financial success serves as a model for aspiring entertainers and businesspeople alike.