Latest News - USA - Chris Wallace Net Worth – How Much is He Worth?

Chris Wallace Net Worth – How Much is He Worth?

Chris Wallace Net Worth - How Much is He Worth

This article will provide you with all the information about Chris Wallace Net worth, Career, earnings, and more.

So, without any further ado, let’s get started –

Chris Wallace Net Worth

According to the 2023 estimates, Chris Wallace net worth is around $29 million.

His wealth is mostly the outcome of his professional career as a journalist and Television personality. His net worth has increased by 25% in the past three years.

Chris Wallace Salary And Earnings

Wallace earns an annual salary of $2 million at CNN. His salary was $20,000 in 1975 when he began his journalism career with NBC.

He worked with NBC for nearly 14 years, and by the time he left the company, he was drawing a salary of around $200,000. He left NBC to join ABC in 1989 for an annual salary of $450,000.

After that, Wallace entered Fox News for an annual salary of $900,000 in 2003. He left Fox News in 2021, and by this time, he was earning an annual salary of over $7 million.

Chris Wallace made a net worth of $29 million through his career on Fox News and CNN.

Chris Wallace Biography And Career

Chris Wallace Biography And Career

Christopher Wallace is a well-known broadcast journalist. Over his 50-year career, he has been a moderator, correspondent, or anchor on CBS, ABC, NBC, Fox News, and now CNN.

Wallace started his career in journalism at 16 as an intern for Walter Cronkite at CBS News. Later, he reported for the Boston Globe instead of attending Yale law school.

He started reporting for NBC News in the 1980s, covering the presidential elections of 1980,1984, and 1988. NBC declared him their chief White House reporter from 1982-1989.

From 1989-2003, Wallace was a senior reporter for “Primetime Thursday,” and he was also a substitute host for “Nightline” at ABC News.

In 2003, he left ABC News and joined Fox News. He negotiated debates for Fox News during the 2012 election cycle and the August 11, 2011 debate in Ames, Iowa. He was praised for his moderation.

The Washington Post mentioned, “But Wallace and Bret Baier, in particular, were willing to raise questions that forced candidates to address their major weaknesses in the race and perish the thought, occasionally diverting from their talking points.”

After serving there for 18 years, Wallace decided to leave Fox News on December 12, 2021.

In January 2022, Wallace joined CNN as an anchor to host the show “Who’s Talking to Chris Wallace?”. It was streamed on CNN+ but later moved to HBO Max and CNN when CNN+ was shut down on April 2022.

Over his 50 years career, Chris Wallace made a net worth of $29 million and received several awards like Peabody Award, George Polk Award, the DuPont-Columbia University Silver Baton Award, and a Paul White lifetime achievement award.

Early life

Chris Wallace was born in Chicago, Illinois, on October 12, 1947. He is 75 years old. His father, Mike Wallace, was a CBS 60 Minutes reporter, and his mother was Norma Kaphan. He is Jewish. He was named Christopher, as he was born on Columbus Day. His parents separated when he was a baby of one year old.

He was successfully brought up by his mother and stepfather, Bill Leonard, who was the President of CBS News. Because of Leonard, he developed an interest in journalism. He went to the Hotchkiss School and Harvard College.

Wallace tied the knot with Elizabeth Jane Farrell on May 13, 1973. They divorced later. They have four kids, Peter, Megan, Andrew, and Catherine.

He married a second time with Lorraine Smothers, an ex-wife of Dick Smothers, on October 4, 1997. Chris has two step-children, Sarah Smothers, and Remick Smothers, from his wife’s previous marriage.

Chris Wallace House

Wallace owns a 7,800-square-foot luxury house in Illinois, United States. He bought this house for $5 million. His house has 7 bedrooms, 8 bathrooms, 1 large pool, and many amenities.

Chris Wallace Assets & Investments

Chris Wallace Assets & Investments

Wallace has many assets, including 4 real estate properties and 5 luxurious cars. His Assets Portfolio also includes Cash Reserves of around $3 million.

He also possesses an investment portfolio of 6 stocks valued at $2 million. Chris’s few important stocks are listed below.

  • Citigroup
  • Dell Technologies
  • Intel
  • Visa

Chris Wallace’s Annual Income

Wallace earns $2 million as an annual salary from CNN. He receives a high monthly rental income through his 4 real estate properties. His total rental income is around $180,000 annually.

He also receives annual interest and dividend payments through his Bank Deposits and Government Bonds of over $2 million.

Chris Wallace Loans And Liabilities

Wallace took a student education loan of $17,000 to pursue his college education several years ago. But he repaid his loan after gaining enough wealth from his career.

However, Wallace took a big loan of $3 million a few years back to expand his business and experience the media industry.

This loan is outstanding with Morgan Stanley and was calculated while estimating Chris Wallace net worth.

Chris Wallace Car

Wallace owns some of the world’s most expensive cars. He has a Lincoln Navigator for $ 105,000. He also owns an Alfa Romeo Giulia worth $90,000.

A Few other cars owned by Chris are listed below.

  • Audi Q2
  • Lexus GX
  • Toyota Vellfire

Facts About Chris Wallace

After you have learned about Chris Wallace net worth, biography, career, etc., it’s time to highlight some interesting facts about him.

  • Chris’ zodiac sign is Libra.
  • His favorite actor is Jack Nicholson.
  • Chris’s favorite dish is French Fries.
  • Chris likes blue the most.
  • His favorite sport is Basketball.
  • He loves music, and Adele is his favorite music artist.
  • Chris loves to spend his vacation in Japan.

FAQ

How much does Chris Wallace earn monthly?

Wallace earns more than $1, 50,000 monthly.

When was Chris Wallace born?

Wallace was born on October 12, 1947.

What is Chris Wallace net worth?

Wallace’s net worth is approximately $29 million in the current year.

What nationality is Chris Wallace?

Chris holds American nationality.

Does Chris Wallace work at CNN?

CNN hired Wallace to host a new program, “Who’s Talking to Chris Wallace?” on CNN+.

How old is Chris Wallace?

Wallace is 75 years old.

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About the author

Eliana Cooper

Eliana Cooper is an esteemed editor at World-Wire, recognized for her expertise in sports and government news. With a background in Journalism and Political Science, she excels in delivering in-depth and factual reporting. Her work is known for its thorough research and clear presentation, making complex topics accessible. Eliana's contributions have earned her recognition, including the "Excellence in Sports Journalism" award in 2023.

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