The highest-paid news anchor in Chicago is Lester Holt. He is currently making $7,000,000 every year from the NBC Nightly News. He worked in Chicago for 14 years at WBBM-TV as a reporter.
Keep on reading to know more about the highest-paid anchors. Here, we will discuss the payment of the hosts, including information about different regions’ anchors and more.
How Much Money Does Lester Holt Make?
Lester Holt earns $7 million per annum as a reporter for the NBC Nightly News. Besides, he is currently the highest-paid anchor in Chicago. Because he once worked there for 14 years at a stake.
Holt makes more than $10 million annually. Besides, he has other hesitance and assets.
All of his income statements have been given below to understand better at a glance:
- Total Yearly Income — $10,000,000
- Primary Salary — $7,000,000 (Yearly)
- Monthly Salary — $62,000
- Inheritance — $35,000
- Royalties — $2,000,000
- Cash in Bank — $15,000,000
- Business Stock Portfolio — $29,000,000
- Paid Taxes — $290,000
- Real Estate — $11,000,000
In 1981, Holt joined WCBS-TV as a reporter and host in New York City. Later, he shifted to Chicago and joined WBBM-TV, where he worked for 14 years.
In 2003, he joined NBC News with a salary of $2,600 every month. His previous salary is just a fathom before his current salary.
In 2015, Holt became an anchor for NBC Nightly News and earned an annual salary of $7 million. Over the years, he accumulated significant wealth and assets.
Moreover, Holt is known to be the 4th richest anchor in the United States of America.
Related: Who is the highest paid female anchor on Fox News
Who is The Highest-Paid News Anchor in New York?
Sean Hannity is currently the highest-paid news anchor in New York. He works as a host of a show, The Sean Hannity Show. From here, Hannity makes about $40,000,000 per annum. As of this writing, he has an approximate net worth of $400,000,000.
Hannity makes $40 million easily as an anchor for Fox News. However, he has other assets and businesses where he makes excellent money to raise his wealth.
Some of his income statements are given below:
- Total Yearly Income — $40,000,000
- Salary as an Anchor — $36,000,000
- Monthly Salary — $3,000,000
- Income from Radio — $8,000,000
In 1985, Hannity started his career and earned $400 every month. However, in the 2000s, he joined as an anchor and began earning $5,000,000 per annum.
In 2004, he signed a contract with ABC News for $25 million, where he worked for 5 years. In 2009, he completed his contract and became one of the highest-paid anchors in New York City.
After a while, Hannity signed another contract with Fox News for $120 million. And he is still working with this news channel. Besides, he is eligible to get bonuses of $5 million every year.
Apart from this, he has a Bitcoin balance of $30 million. This income makes him the highest-paid news anchor in New York.
Who is The Highest-paid News Anchor in Los Angeles?
As of this writing, Paul Mayor is the highest-paid news anchor in Los Angeles. At his retirement, he made $2 million a year. These days, he is still the highest-paid host in Los Angeles.
Besides, he was a member of the club. From here, he makes about a million dollars every year on average. He is also one of the wealthiest anchors in the history of Los Angeles.
How Does a News Anchor Get Paid?
News anchors’ salaries are entirely dependent on the popularity of television channels. It is also based on experiences too. Moreover, a news anchor gets a certain amount yearly because of market size and advertisement rates. There are several other things for which an anchor can make money.
A news anchor gets paid because of –
- Advertisements Rate
- Sponsorship
- Experiences & Skills
Several companies contact news companies to show their ads on their TV channel to promote their brands. From here, a news channel gets a considerable amount which helps their newscasters. So, news channels are dependent on views.
An experienced newscaster can earn around $7,000,000 every year. But an inexperienced host cannot make like an experienced person. It is based on the popularity, ads rate, sponsorships, experiences, and skills. It is how an anchor can get paid.
If the news company is not popular as Fox News or ABC News, then the newscaster cannot get enough payment. Besides, big companies’ hosts can make bonuses and other benefits. An average salary of an anchor is $64,115 in the United States of America.
For example, Fox News is a reputed international news channel. The news anchor of Fox News makes $36 per hour on average. However, the payments may vary based on experience and skills. But most of the hosts make the same amount.
Every news channel has its payment policies. However, an inexperienced anchor can make up to $130,000 a year if the news channel has popularity.
Who are The Top 3 Highest-paid News Anchors?
The top 3 highest-paid news anchors are –
- Sean Hannity
- Bill O’Reilly
- Diane Sawyer
Now, all the above anchors’ income statements and yearly salaries have been given below briefly:
Sean Hannity is currently the highest-paid newscaster in the United States of America. He has an estimated net worth of $400 million. He is known to host a Liberal-Conservative debate show, Hannity & Colmes. Besides, he makes around $40 million every year from Fox News.
Bill O’Reilly is the second highest-paid host in the US and has an estimated net worth of $90 million. While working for Fox News, he earned $25 million per annum.
He is known for hosting the highest-rated cable news program, The Radio Factor, where he worked for 16 years. However, he was accused of sexual harassment and lost his job.
Diane Sawyer is the third highest-paid anchor as of this writing. She has an approximate net worth of $80 million. She is widely known for being the host of ABC World News Tonight. Besides, she makes about $22.9 million a year.
