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Michael Richards Networth

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Facts of Michael Richards

Full NameMichael Richards
First NameMichael
Middle NameAnthony
Last NameRichards
Birth NameMichael Anthony Richards
ProfessionActor, Comedian, Producer
NationalityAmerican
EthnicityMixed
Birth CityCulver City, Los Angeles, California
Birth CountryUnited States
Father NameWilliam Richards
Father ProfessionElectrical engineer
Mother NamePhyllis Richards
Mother ProfessionMedical records librarian
Gender IdentityMale
Sexual OrientationStraight
HoroscopeLeo
SpouseBeth Skipp
Relation WithCathleen Lyons (1974-1992)
No Of Children2 (Antonio, Sophia)
Networth45000000
AwardsPrimetime Emmy Award,Screen Actors Guild Award
FilmographySeinfeld (1989-1998),Fridays,St. Elsewhere,Marblehead Manor,Kristie
EducationThousand Oaks High School, California Institute of the Arts, The Evergreen State College
Height191 cm
Networth$45 M
Insta Profile
Date of BirthJuly 24,1949
Age70 years
Networth
Year2019
Amount$45 million
Currencyusd
Bodystatistics
Height6 ft. 3 inches (191 cm)
Weight
Breast Size
Hair ColorSalt-Pepper
Eye ColorBrown
Shoe Size

How Much Is Michael Richards' Net Worth?

As of 2019, Michael Richards owns the net worth of around $45 million. The 3-times Primetime Emmy Award winner, Michael Richards is an American actor, comedian, and producer. Professional since 1979, the veteran TV actor gained massive acclaim for his role of Cosmo Kramer on the TV sitcom Seinfeld (1989-1998).

Starting his career as a stand-up comedian, Michael Richards has worked in numerous TV series and films, with 47 acting credits. Some of the notable TV appearances of Richards are Fridays, St. Elsewhere, Marblehead Manor and Kirstie.

Net Worth of $45 Million: Income Sources & Earnings

Initially a stand-up comedian for Billy Crystal's first cable TV special, Michael Richards began to work in ABC's TV show Fridays by 1980.

Later, Richards' career breakthrough came up in 1989 after he portrayed Cosmo Kramer in the NBC television series Seinfeld, following a bunch of small TV and film roles.

He worked in Seinfeld from 1989 to 1998 alongside Jerry Seinfeld, Jason Alexander, and Julia Louis-Dreyfus, which not only earned him huge fame but considerable fortune as well. 

According to online sources like Celebrity Net Worth and The Richest, Michael has an estimated net worth of $45 million as of July 2019.

American TV actor and comedian Michael Richards owns $45 million net worth
American TV actor and comedian Michael Richards owns $45 million net worth

The main source of his income is TV career while notable film roles have also blessed the aid to earnings.

Well, Michael Richards' fortune is often compared with other TV actors like John Goodman ($65 million), Jere Burns ($5  million) and Norman Reedus ($18 million).

How Much Salary Was His Salary From Seinfeld?

While working in Seinfeld (1989-1998), Richards used to earn $150,000 per episode. Soon with the show's rising fame, the actor's payroll rose to $600,000 per episode in the last few seasons of the show.

Online sources reported that Michael Richards was earning roughly $13 million per year. Even more, it was calculated that his salary in the last season was approximately $15,000 per line.

However, the highest earning cast was Jerry Seinfeld with a salary of $1 million per episode.

TV Series & Movie Appearances

Till date, Richards has earned 47 acting credits, combined TV series, and film appearances. Some of his notable TV apperances are Fridays (1980-1982), St. Elsewhere (1984-1985), Marblehead Manor (1987-1988) and Kirstie (2013-2014).

Having worked alongside the famous personalities like Howie Mandel, Elizabeth Perkins, and Halle Berry, Michael Richard also made brief movie appearances.

Here is the list of his movie box office collection:

  1. Young Doctors in Love (1982)- $30 million ($7.02 million budget)
  2. Problem Child (1990)- Grossed $72.2 million (Upon $10 million budget)
  3. The Flintstones (1994)- Box office collection of $341.6 million (the budget was $46 million)
  4. Bee Movie (2007)- Grossed $287.6 million ($150 million budget)

Endorsements & Charity Works

For a fact, Michael Richards is not active on social media profiles like Instagram and Twitter.

Even though no reports on his endorsements deals or Instagram sponsorship is out, during his career height, the American TV actor surely made a notable sum of money.

Amid of low-key life, Richards does has active participation in charity works. Despite the absence of massive donation highlights, he reportedly has associations with many non-profit organizations.

Assets, House, Cars, Lifestyle & Expenses

Despite the fact that Michael prefers to live a private life, he surely does enjoys a lavish lifestyle while his jaw-dropping asset collection can barely be covered.

As reported, Richards lives in Los Angeles, California, where he owns a 6,035 sq. ft. home featuring 3 bedrooms and 5 bathrooms. The actor bought the property back in January 1996 for $1.75 million.

Michael Richards' house in Los Angeles, California
Michael Richards' house in Los Angeles, California

Also, he formerly owned a 2,770 sq. ft. house in Studio City bought in 1992 for $525,000. The property with 3 bedrooms and 3 bathrooms was later sold in 1998 for $810,000.

Michael Richards former Studio City house
Michael Richards former Studio City house

For a fact, Michael's former Studio City home exchanged hands in March 2019 for $2.15 million, which is $139,000 less than the asking price when it was listed for $2.289 million in October 2018.

At the moment, the details on Richards' car collection is not out but can own luxurious cars like Mercedes, Audi, Chevy and many more with multi-million dollars fortune.

Well, it seems Michael is fond of costly suits and makes huge expenses on its designer pieces, while other ranges of expenditure includes travels and accommodations.

Tax Payments & Insurance

No matter be it a celebrity or an average American citizen, an individual is liable to tax payments. Well, Michael Richards' house in Los Angeles seeks around 0.793% of its assessed value as property tax, accompanied by the insurance premium of $1,360 per year.

On the other hand, the income tax comes in the bracket of 10%-37%, depending on the figure of income & state. 

For instance, Richards living in Los Angeles has to pay $468,590 upon the annual revenue of $1 million.

Michael Richards' Personal Life: Age, Height, Family, Education, Married Life, Wife & Children

Michael Richards was born Michael Anthony Richards on July 24, 1949, in Culver City, Los Angeles, California, the USA. His father William Richards was an electrical engineer and mother Phyllis was a medical records librarian.

When Richards was 2 years old, his father died in a car accident and was raised by the single mother.

The Thousand Oaks High School attendant, later in 1970, joined the United States Army. With the use of G.I. Bill, Michael enrolled at the California Institute of the Arts. In 1975, Richards earned a BA degree in drama from The Evergreen State College.

After the departure from the US Army, Michael Richards pursued acting
After the departure from the US Army, Michael Richards pursued acting

Well, Michael holds American nationality and is of mixed ethnicity; Scottish and English descent on father's side and Italian on mother's side.

As of July 2019, Richards' age is 69 and has a height of 6 ft. 3 inches (191 cm).

Married Life, Wife & Children

For a fact, Michael has been married twice in his life. After divorcing his first wife, he currently lives with his girlfriend-turned-wife Beth Skipp.

The duo reportedly started dating in 2002, and later married in a private ceremony. Some sources claim they married in 2007 though some point out for 2010 and 2013.

Michael Richards and his second wife Beth Skipp
Michael Richards and his second wife Beth Skipp

Michael and Beth are parents to a son Antonio.

Well, Richards is also the father to a daughter named Sophia (born in 1975) from his previous marriage; with first wife Cathleen Lyons, a family therapist.

The former couple married in 1974 but divorced after 18 years in 1994.

Endorements

Updated On Tue Nov 05 2019 Published On Thu Jul 04 2019 By Chandra Rana Magar

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