Matt Lauer Net Worth Amid Career Highs And Controversies
Discover the intriguing financial journey of veteran broadcaster Matt Lauer as we unravel the key milestones, controversies, and successes that contribute to the estimation of Matt Lauer net worth. Explore the highs and lows of his career in this in-depth analysis.
Author:Alex MercerReviewer:Nathanial BlackwoodJan 10, 202419 Shares18.5K Views
Matt Lauer, a familiar face in the world of broadcast journalism, has experienced the highs and lows of a lengthy career that has spanned decades. As the former co-host of NBC's "Today" show, Lauer not only became a trusted source of newsfor millions but also accumulated substantial wealth along the way. In this exploration of Matt Lauer net worth, we delve into the various facets of his financial journey, from the pinnacle of success on morning television to the controversies that have shaped his current standing.
Quick Facts About Matt Lauer
| Name | Matt Lauer |
| Birthday | December 30, 1957 |
| Profession | News anchor |
| Net worth | $80 million |
Early Life Of Matt Lauer
Matt Lauer was born on December 30, 1957, in the heart of New York City, to his iconic status in American television journalism is a narrative marked by bold decisions and relentless passion. After attending Ohio University, Lauer made a pivotal choice to forgo traditional academia and dive headfirst into the dynamic world of television - an audacious risk that would undeniably define his trajectory.
Embarking on his professional odyssey as a producer for WOWK-TV in West Virginia, Lauer swiftly transitioned from orchestrating behind-the-scenes magic to stepping into the limelight as an on-air reporter. His innate talent and unwavering dedication propelled him into hosting roles on various syndicated TV shows, where he not only showcased his charisma but also meticulously honed the skills that would become the bedrock of his future success.
The transformative moment materialized in 1992 when Lauer became an integral part of NBC, an affiliation that would alter the course of his career. Initiating his NBC tenure as a co-anchor for "Today in New York," Lauer's ascent through the ranks was both swift and compelling. Eventually assuming the prestigious role of news anchor for "The Today Show," he not only reported the news but became an integral part of the morning routine for countless viewers.
Matt Lauer Career
After his first job at WOWK-TV, he worked on several other shows. Among these was co-hosting the national TV show "PM Magazine" in Richmond (1980-1981), Providence (1981-1984), and New York City (1984-1986). The New York version of "PM Magazine" was canceled in 1986. Lauer then worked on the WNYW station's "Made in New York" show, which ran for fifteen weeks but was cut short.
Lauer's first national TV show was "Fame, Fortune, and Romance," an ABC daytime show that was a spin-off of the syndicated show "Lifestyles of the Rich and Famous." She co-hosted the show with Robin Leach. Unfortunately, the spin-off show didn't last long.
Lauer then went back to hosting local TV shows in Philadelphia and Boston from 1987 to 1989. During this time, he also occasionally worked as a reporter for HBO's entertainment news shows. After leaving New York City, he went back in September 1989 to host the WWOR-TV show "9 Broadcast Plaza," but he didn't stay with them for long.
The Kushner-Locke Company hired Lauer to lead a pilot called "Day in Court" in 1990. David Sams was in charge of producing it. He helped get "The Oprah Winfrey Show" shown all over the country.
When Lauer joined NBC in 1992, she became co-anchor of "Today in New York," the network's main news show in New York, which ran on WNBC. In 1993, he started co-hosting the afternoon news show "Live at Five" with Sue Simmons for a short time. In 1994, he gave up his morning tasks to focus on the afternoon show full-time. He worked for "Live on Five" until 1996.
He got more chances at the network and NBC News because he was on TV and became more popular. He filled in for Margaret Larson as the announcer on "The Today Show" from 1992 to 1993 when she wasn't present. He got a full-time job as a news anchor on "The Today Show" in January 1994 after this casual job worked as an audition for the show.
Eventually, he was named the official co-anchor of "The Today Show" after Bryant Gumbel quit in January 1997. He would fill in for Gumbel as a news host on occasion. Lauer often filled in for Scott Simon, Mike Schneider, Jack Ford, David Bloom, and Lester Holt on "Weekend Today." He also filled in for Ann Curry as host of "NBC News at Sunrise" and for Tom Brokaw on "NBC Nightly News." On top of that, he hosts shows on the Discovery Channel and MSNBC.
Many famous people from around the world have been on "The Today Show" and been interviewed by Lauer. These include Prince William and Prince Harry of England, Russian President Vladimir Putin, former US President George W. Bush, and Hillary Clinton and Donald Trump, who were both running for president in 2016.
Lauer also held an annual five-day show called "Where in the World is Matt Lauer?" from 1998 to 2009. The show followed him to different places worldwide and talked about how important those places were. In this section, he talks about his trips to Bhutan, Easter Island, the Panama Canal, Iran, Hong Kong, Croatia, and the Great Wall of China.
Accolades Of Matt Lauer
Matt Lauer, throughout his distinguished career in broadcast journalism, has garnered numerous accolades and acknowledgments for his contributions to the field. His commendable achievements span various aspects of the industry, reflecting his versatility and impact. Here are some notable accolades and milestones in Matt Lauer's career:
- News & Documentary Emmy Awards - Matt Lauer has been recognized with multiple News & Documentary Emmy Awards during his tenure as a co-anchor on NBC's "The Today Show." These awards highlight his excellence in reporting and journalism.
- Peabody Award -Lauer received a Peabody Award for his coverage of the 2000 presidential election. The Peabody Awards are prestigious honors recognizing excellence in electronic media.
- Edward R. Murrow Award -Lauer has been a recipient of the Edward R. Murrow Award, which honors outstanding achievements in electronic journalism. This award is a testament to his dedication to delivering high-quality news content.
- Broadcasting & Cable Hall of Fame -In recognition of his significant contributions to the broadcasting industry, Matt Lauer has been inducted into the Broadcasting & Cable Hall of Fame. This honor acknowledges his impact on television and news media.
- Time 100 -In 2006, Lauer was included in the Time 100 list, an annual list published by Time magazine that recognizes the world's most influential people. This acknowledgment underlines his influence in the media landscape.
- American Women in Radio & Television Gracie Allen Award -Lauer received the Gracie Allen Award for Outstanding Anchor - News or News Magazine for his work on "The Today Show." This award celebrates individuals who have made significant contributions to the portrayal of women in media.
- Star on the Hollywood Walk of Fame -In recognition of his enduring impact on the television industry, Matt Lauer was honored with a star on the Hollywood Walk of Fame. This star serves as a tangible symbol of his accomplishments and influence in the entertainment world.
NBC Firing And Sexual Assault Allegations
In 2017, the trajectory of Matt Lauer's illustrious career took a drastic and unexpected turn, marked by his abrupt termination from NBC in the wake of multiple sexual assault allegations leveled against him by several female employees. These serious accusations not only led to the immediate termination of Lauer's contract but also cast a long shadow over his once-stellar reputation within the television industry.
The allegations, encompassing incidents of sexual harassment purportedly occurring during Lauer's tenure at NBC, including the 2014 Winter Olympics in Sochi, Russia, sent shockwaves through the entertainment world. The revelations triggered a broader discourse on workplace harassment and abuse, prompting introspection within the industry on the pervasive issue of misconduct.
In a statement issued post-termination, Lauer expressed contrition, saying:
“„I am truly sorry for the pain I have caused. There are no words to express my sorrow and regret for the pain I have caused others by words and actions.- Matt Lauer
The scandal surrounding Lauer's dismissal and the subsequent sexual assault allegations catalyzed a cultural shift within the entertainment industry. It compelled heightened scrutiny of power dynamics and accountability in workplaces, sparking a necessary dialogue on fostering safer environments for all employees.
Personal Life Of Matt Lauer
It was in 1982 that Lauer got married for the first time, to television director Nancy Alspaugh. However, this marriage ended in 1988 when the two people got divorced.
After that, Lauer found love with TV newscaster Kristen Gesswein, and the two were together until 1996. But Lauer took another big step toward marriage in 1998, this time with Dutch model Annette "Jade" Roque. As part of Revlon's famous "The Most Unforgettable Women in the World Wear Revlon" advertising campaigns, Roque was seen outside of her home life.
During Roque's third pregnancy in 2006, things got tough in their marriage, and they split up for a short time. Even though Roque started the divorce process, the couple ended up getting back together, showing that they were strong and determined to get through anything.
But Lauer's personal life changed a lot after the sexual harassment claims came out against him in 2017. Annette "Jade" Roque and Matt Lauer, who were married, chose to split up and started the divorce process in the wake of the scandal.
Divorce Settlement Of Matt Lauer
The high-profile divorce settlement involving Matt Lauer not only signifies the financial repercussions of his actions but also marks the dissolution of a union that had weathered the storms of public scrutiny. The substantial $20 million settlement serves as a tangible reflection of the considerable wealth amassed by Lauer throughout his storied career, raising questions about its potential impact on his overall net worth.
Before the finalization of the settlement, insiders suggested that Annette "Jade" Roque could have been entitled to up to $50 million, with reported claims of her receiving the opulent Hamptons residence, their primary New York home, and a one-time payment amounting to millions of dollars.
TMZreported that the settlement was a collaborative effort, with Roque taking the lead in submitting the papers to a judge. Notably, Lauer did not contest the terms, signifying a mutual agreement between the parties involved.
Matt Lauer's Net Worth
Matt Lauer, an American former news anchor and TV host, boasts a significant net worthestimated at $80 million. Renowned for his extensive tenure as the host of NBC's "The Today Show" from 1997 to 2017, Lauer's career reached its zenith during this period, characterized by both remarkable success and subsequent controversy.
In 2017, Matt Lauer faced a pivotal turning point in his career when he was compelled to step down from his role amid allegations of sexual harassment. This marked a significant fall from grace for the television personality, who, at the height of his career, held the distinction of being the highest-paid individual in the industry. Before the scandal and the ensuing divorce, Lauer's net worth had soared to an impressive range of $120-$150 million.
During his prime as the host of "The Today Show," Lauer commanded an annual salary of $28 million, a testament to his influence and popularity in the realm of morning television. This substantial income underscored his status as a broadcasting luminary, contributing to the accumulation of his considerable net worth.
Matt Lauer Real Estate Properties
For years, Matt Lauer has curated a real estate portfolio that mirrors both sophistication and expansiveness, showcasing a blend of urban luxury and sprawling retreats. His New York City dwellings have been as notable as his Hamptons retreats, contributing to the intricate tapestry of his property holdings.
In the heart of Manhattan, Lauer's most recent city abode was a meticulously chosen apartment, a residence acquired in 2004 for a substantial $5.9 million. This prime piece of New York real estate witnessed a subsequent transaction in 2018 when Lauer sold the property for $7.4 million, underscoring not only the appreciation of the asset but also his strategic real estate moves.
Venturing out to the Hamptons, a locale synonymous with East Coast opulence, Lauer's real estate endeavors take on a grandeur befitting his stature. In 2016, he made headlines with the sale of a modest yet picturesque bayfront home in Southampton, fetching a commendable $3.6 million.
However, it was his acquisition of a two-home compound in Sag Harbor in the same year that truly made waves. Purchased from actor Richard Gere for an eye-watering $36.5 million, the compound stands as a testament to luxury living. Despite listing the property for $44 million in June 2019, as of the latest update, Lauer remains its proprietor.
Adding to his Hamptons real estate cache, Lauer owns a sprawling 25-acre property in Sag Harbor, featuring an impressive 8,000-square-foot residence. Initially listed at $18 million, the property has undergone a price adjustment and is currently available for $12.75 million. This retreat embodies the quintessential East End charm, offering a haven of tranquility amid the scenic beauty of Sag Harbor.
Beyond the bounds of the United States, Lauer's real estate holdings extend to the Southern Hemisphere, where he and Annette Roque acquired a majestic 16,000-acre ranch in New Zealand in 2017, demonstrating a penchant for global luxury. However, the property faced scrutiny when allegations of sexual assault against Lauer came to light. The New Zealand Overseas Investment Office investigated whether Lauer breached the "good character test for foreign property buyers."
Ultimately, officials concluded that there was insufficient evidence to deem Lauer in violation of the test, given that the allegations were not public at the time of the land purchase.
Investment Portfolio Of Matt Lauer
Matt Lauer's investment portfolio stands as a testament to his astute financial prowess, revealing a carefully curated selection of holdings that exemplify both strategic diversification and substantial value. With a portfolio valued at over $10 million, Lauer has demonstrated a keen understanding of market dynamics and a calculated approach to wealth management.
- Intel -Inclusion of Intel in his portfolio signifies Lauer's recognition of the technological landscape's significance. As a leader in semiconductor innovation, Intel's presence aligns with the ever-evolving nature of the tech sector.
- Boeing -Lauer's investment in Boeing reflects a strategic bet on the aerospace and defense industry. As a major player in aviation, Boeing's inclusion speaks to Lauer's confidence in the long-term viability of this sector.
- IBM - The presence of IBM in his portfolio underscores Lauer's appreciation for technology and enterprise solutions. IBM's diverse range of services positions it as a stalwart in the tech industry.
- Netflix - Lauer's venture into the realm of streaming services with Netflix showcases an acknowledgment of the transformative nature of the entertainment landscape. This investment aligns with the evolving consumer preferences in the digital era.
- Mastercard -In including Mastercard, Lauer taps into the financial sector, recognizing the enduring importance of payment and transaction technologies. Mastercard's global presence and financial innovations make it a strategic addition to its portfolio.
Matt Lauer Car Collection
Among his notable luxury cars are the iconic Mercedes-Benz G-Class and the elegant BMW X7, showcasing Lauer's penchant for sophistication and performance in his choice of vehicles.
The Mercedes-Benz G-Class, renowned for its robust yet luxurious design, stands as a symbol of Lauer's appreciation for timeless engineering. Its combination of off-road capabilities and opulent interiors aligns with the discerning standards of a luxury car enthusiast.
Complementing this, Lauer's ownership of the BMW X7 further underscores his affinity for automotive excellence. The BMW X7 is recognized for its spacious and meticulously crafted interior, coupled with advanced technology and powerful performance that resonates with those who seek both comfort and exhilaration in their driving experience.
Beyond tangible assets, Lauer's financial prudence is evident in his possession of a cash reserve exceeding $8 million.
Philanthropic Efforts Of Matt Lauer
Matt Lauer has been associated with various charitable initiatives and has contributed to philanthropic causes throughout his career. Some notable instances include:
- Charity Events on "The Today Show" -During his tenure as co-anchor on "The Today Show," Lauer was actively involved in covering and promoting numerous charity events. The show often featured segments and campaigns aimed at raising awareness and funds for various causes, reflecting Lauer's commitment to philanthropy.
- Stand Up to Cancer -Lauer has participated in events and campaigns supporting Stand Up to Cancer, an organization dedicated to raising funds for cancer research and treatment. His involvement in these initiatives aimed to contribute to the fight against cancer and support those affected by the disease.
- Red Nose Day -Lauer has been part of Red Nose Day campaigns on "The Today Show." Red Nose Day is a global fundraising initiative with a mission to end child poverty by supporting programs that keep children safe, healthy, and educated.
Interesting Facts About Matt Lauer
- Matt Lauer began his career in broadcasting as a producer for WOWK-TV in West Virginia before transitioning to on-air reporting. His early experiences laid the foundation for his later success in the field.
- Before joining "The Today Show," Lauer hosted the game show "Bingo America" on GSN (Game Show Network) in 2008. This marked a departure from his typical news and talk show roles.
- Lauer is known for his passion for fitness and endurance sports. He completed the prestigious Ironman triathlon in 1999, showcasing his dedication to physical challenges beyond his television career.
- During his peak years on "The Today Show," Lauer consistently appeared on Forbes' list of the highest-earning celebrities. His high-profile role on the morning show contributed significantly to his income.
- Lauer shared a close friendship with veteran news anchor Tom Brokaw, who served as a mentor figure to him. The two developed a strong bond during their time working together at NBC.
- One of Lauer's notable contributions to "The Today Show" was the annual segment called "Where in the World is Matt Lauer?" This segment featured Lauer reporting from various international locations and became a popular and anticipated part of the show.
- Apart from his television career, Lauer has been actively involved in real estate ventures. His property holdings include homes in New York City, the Hamptons, and a substantial ranch in New Zealand.
- In recognition of his significant contributions to the television industry, Matt Lauer was awarded a star on the Hollywood Walk of Fame.
- Lauer's career took a significant downturn in 2017 when he was abruptly fired from NBC following allegations of sexual harassment. The controversy marked the end of his long-standing tenure on "The Today Show."
- Lauer has been involved in various philanthropic efforts, including supporting charitable initiatives on "The Today Show" and participating in events for organizations like Stand Up to Cancer and Red Nose Day.
People Also Ask
What Led To Matt Lauer's Departure From NBC?
Matt Lauer was fired from NBC in 2017 following allegations of sexual misconduct. The network conducted an internal investigation, which resulted in the termination of his contract.
How Much Was Matt Lauer's Net Worth Before The Controversies?
Before the controversies and his departure from NBC, Matt Lauer's net worth was estimated to be over $120 million, making him one of the highest-paid figures in television.
When Was Matt Lauer Fired From NBC?
Matt Lauer was fired from NBC on November 29, 2017, following allegations of sexual misconduct.
How Did Matt Lauer Respond To The Sexual Harassment Allegations?
Matt Lauer issued a public apology, expressing remorse for any pain he may have caused. He acknowledged the allegations and sought to take responsibility for his actions.
What Shows Did Matt Lauer Host After Leaving "The Today Show"?
After leaving "The Today Show," Matt Lauer did not immediately host another show. He has maintained a low profile in the media since his departure.
Final Thoughts
In the ever-evolving landscape of media and fame, Matt Lauer's net worth reflects the complex interplay between professional success, personal challenges, and the consequences of public scrutiny. From the zenith of his career as a beloved morning show host to the controversies that led to his departure from NBC, Lauer's financial journey has been a rollercoaster.
As he continues to navigate the aftermath of his career, the true measure of Matt Lauer's net worth remains not only a reflection of financial figures but a testament to the intricate intersection of reputation, resilience, and the enduring impact of one's professional legacy.
Jump to
Quick Facts About Matt Lauer
Early Life Of Matt Lauer
Matt Lauer Career
Accolades Of Matt Lauer
NBC Firing And Sexual Assault Allegations
Personal Life Of Matt Lauer
Divorce Settlement Of Matt Lauer
Matt Lauer's Net Worth
Matt Lauer Real Estate Properties
Investment Portfolio Of Matt Lauer
Matt Lauer Car Collection
Philanthropic Efforts Of Matt Lauer
Interesting Facts About Matt Lauer
People Also Ask
Final Thoughts
Alex Mercer
Author
Alex Mercer is a seasoned author and analyst specializing in wealth research, with a keen focus on evaluating the net worth of individuals across various industries. With over a decade of experience in financial analysis and wealth assessment, Alex has developed a nuanced understanding of the factors that contribute to an individual's financial status, from investments and assets to market trends and economic policies. His work involves in-depth reviews and analyses, providing insightful observations on wealth accumulation, management strategies, and the socio-economic implications of wealth distribution.
Throughout his career, Alex has become known for his ability to distill complex financial data into understandable and engaging narratives, making the subject of wealth and net worth accessible to a broad audience. His expertise is not just in numbers but in telling the stories behind them, highlighting the journeys, strategies, and decisions that lead to financial success or challenges. Alex's contributions to the field of wealth research are valuable resources for anyone looking to understand the dynamics of wealth in today's world, offering a unique perspective that bridges the gap between financial analysis and human interest.
Nathanial Blackwood
Reviewer
Nathanial (Nate) Blackwood is a distinguished financial journalist with a decade of experience in net worth analysis. He holds an Economics degree from the University of Finance and a Data Analysis certification, enabling him to blend thorough insights with engaging storytelling. Nate is known for making complex financial information accessible to a wide audience, earning acclaim for his precise and reader-friendly analyses. Beyond his writing, Nate is dedicated to financial literacy, actively participating in educational forums and workshops.
He is the founder of PureNetWealth, a platform that demystifies the financial achievements of public figures by exploring the strategies and decisions behind their fortunes. Nate's work bridges the gap between intricate economic concepts and the general public, inspiring a deeper understanding of wealth dynamics. Follow Nathanial Blackwood for essential insights into the financial narratives shaping our world.
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