Drew Carey Net Worth: Drew Carey, widely recognized as one of the wealthiest comedians in the industry, has amassed a substantial fortune over his illustrious career. This article explores the various factors that have contributed to Drew Carey’s impressive net worth, offering a detailed look into his life, career, and the financial successes that have followed.
Born on January 23, 1958, in Cleveland, Ohio, Drew Allison Carey is not just a comedian but also an accomplished actor and game show host. His most iconic role was as the lead in “The Drew Carey Show,” a sitcom that enjoyed immense popularity from 1995 to 2004. Additionally, Carey has been the host of “The Price Is Right” since 2007, further solidifying his status in the entertainment industry. This article delves into Drew Carey’s multifaceted career, his achievements, and the financial rewards that have made him one of the richest stand-up comedians in the world. Drew Carey Net Worth
Drew Carey’s Background
Drew Carey was born on May 23, 1958, in Cleveland, Ohio. As of 2024, he is 66 years old. The youngest of three sons, Drew experienced a challenging childhood. He was just eight years old when his father passed away from a heart attack, leaving his mother, Beulah Carey, to raise the family on her own. Despite the hardships, Drew’s early life was marked by a strong work ethic and a natural inclination towards humor, traits that would later define his career. Drew Carey Net Worth
Educational Journey
In 1976, Drew Carey graduated from James Ford Rhodes High School. He then enrolled at Kent State University, where he joined the Delta Tau Delta fraternity. However, his time at the university was cut short due to academic difficulties, leading to his expulsion. Despite this setback, Drew’s determination to succeed never waned, setting the stage for his future success in comedy and television.
Drew Carey Net Worth
As of 2024, Drew Carey’s net worth is estimated at a staggering $165 million. This wealth is the result of a diverse career that spans acting, hosting, and various business ventures. Below, we break down the key factors that have contributed to Drew Carey’s financial success. Drew Carey Net Worth
The Drew Carey Show
One of the most significant contributors to Drew Carey’s wealth is his work on “The Drew Carey Show.” As the star and co-creator, Carey was among the highest-paid actors in Hollywood during the show’s run. He earned approximately $750,000 per episode, and his total earnings from the show are estimated to be in the tens of millions of dollars. This lucrative role not only brought him fame but also laid the foundation for his financial empire. Drew Carey Net Worth
Hosting The Price Is Right
Since 2007, Drew Carey has been the face of the popular game show “The Price Is Right.” His role as the host has been immensely successful, earning him an estimated $12.5 million annually. This gig has not only kept him in the public eye but has also been a consistent source of income, contributing significantly to his overall net worth.
Brand Endorsements
Beyond his work on television, Drew Carey has also capitalized on his fame through various brand endorsements. In 2023 alone, he reportedly earned $30 million from a DirecTV advertisement. His appeal as a beloved public figure makes him a sought-after personality for advertising campaigns, further boosting his income. Drew Carey Net Worth
A Passion for Cars
Drew Carey is known for his love of cars, and his collection is a testament to his passion. He owns a fleet of luxury vehicles, including a Tesla Model X, a Volvo XC90, and a Range Rover Autobiography. These high-end cars represent a significant investment and are a reflection of his success and taste for the finer things in life. Drew Carey Net Worth
Real Estate Investments
In addition to his impressive car collection, Drew Carey has a substantial real estate portfolio. One of his most notable properties is a 9,500-square-foot luxury home valued at $34 million. Carey later invested an additional $5 million in renovations to suit his minimalist style. His real estate holdings extend beyond this mansion, as he owns multiple properties across the country, contributing further to his wealth.
Other Business Ventures
Drew Carey’s financial acumen extends beyond entertainment and real estate. He has also invested in various business ventures, including stocks in major companies such as Procter & Gamble, Delta Air Lines, Coca-Cola, JPMorgan Chase, General Motors, and Starbucks. These investments have provided him with a steady income stream and have played a significant role in increasing his net worth.
Career Milestones
Drew Carey’s rise to fame began in 1988 when he gained recognition on the show “Star Search.” This breakthrough led to appearances on popular programs like “The Tonight Show Starring Johnny Carson” and “Late Night With David Letterman.” In 1994, his stand-up comedy special, “Drew Carey: Human Cartoon,” won him a CableAce Award, cementing his status as a top comedian. Drew Carey Net Worth
His big break came in 1995 with “The Drew Carey Show,” where he not only starred but also played a significant role in its creation. His success on this show opened doors to other opportunities, including hosting gigs on shows like “Whose Line Is It Anyway?” and “Drew Carey’s Green Screen Show.” His career has been marked by a series of successes, each contributing to his growing fame and fortune.
Awards and Honors
Throughout his career, Drew Carey has received numerous accolades for his work. In 1994, he won the Cable Ace Award for Best Writing for his special “Drew Carey: Human Cartoon.” In 2000, he received an honorary Doctor of Humane Letters from Cleveland State University, a recognition of his contributions to entertainment and philanthropy. In 2004, he was named one of Comedy Central’s 100 Greatest Stand-up Comedians of All Time, and in 2011, he was inducted into the Wall of Fame. Drew Carey Net Worth
In 2021, Carey was honored with the United States Navy Memorial Foundation Lone Sailor Award, acknowledging his service in the U.S. Marine Corps and his continued support for the military.
Lesser-Known Facts About Drew Carey
Before finding fame in the entertainment industry, Drew Carey served in the United States Marine Corps, an experience that shaped his discipline and work ethic. His rise to prominence began with “The Drew Carey Show,” but his talents extend far beyond acting. Carey is also a dedicated philanthropist, particularly known for his support of animal rights. Drew Carey Net Worth
A sports enthusiast, Carey is passionate about soccer and is a part-owner of the Seattle Sounders FC, demonstrating his diverse interests beyond the entertainment world. His hosting skills have been showcased on a variety of platforms, including the 1998 Miss Universe Pageant, further highlighting his versatility as a performer.
FAQs about Drew Carey Net Worth
What is Drew Carey’s net worth in 2024?
Drew Carey’s net worth in 2024 is estimated to be $165 million.
How much does Drew Carey earn annually from “The Price Is Right”?
Drew Carey earns approximately $12.5 million annually from hosting “The Price Is Right.”
What other ventures contribute to Drew Carey’s net worth?
In addition to his television career, Drew Carey has made significant investments in real estate, stocks, and brand endorsements.
Which brands has Drew Carey endorsed?
Drew Carey has endorsed several prominent brands, including DirecTV, earning substantial income from these deals.
What are some of Drew Carey’s notable awards?
Drew Carey has won several awards, including the Cable Ace Award for Best Writing and an honorary degree from Cleveland State University.
How did Drew Carey begin his career in entertainment?
Drew Carey began his entertainment career with a breakthrough appearance on “Star Search” in 1988, which led to further opportunities in stand-up comedy and television.
Drew Carey’s journey from a challenging childhood to becoming one of the richest comedians is a testament to his talent, resilience, and business acumen. His impressive net worth reflects not only his success in entertainment but also his savvy investments and diverse interests.
