How much did George Wendt earn on Cheers? Net Worth explored as beloved actor dies aged 76

2023 ATX Television Festival - Source: Getty
2023 ATX Television Festival - Source: Getty Photo by Rick Kern

Cheers star George Wendt, known for his role as Norm Peterson on the beloved sitcom, passed away peacefully in his sleep at the age of 76 on May 20, 2025. At the height of his Cheers stardom, Wendt reportedly earned $200,000 per episode, totaling around $5 million per season in the late 1980s and early 1990s. In current value, this totals roughly $10 million each season.

During the show's 11 seasons and 275 episodes, his earnings and residuals from syndication and other acting work amounted to a substantial sum of money. While his net worth at his death was estimated at $10 million (based on liquid assets), including real estate and royalties, that figure likely exceeds $25 million. Wendt's continued success on television and stage, and some smart investments, also gave him a comfortable life that left an enduring legacy.


Life beyond Cheers: Theater, guest appearances, and real estate

2023 ATX Television Festival - Source: Getty Photo by Rick Kern
2023 ATX Television Festival - Source: Getty Photo by Rick Kern

While Norm made him famous, Wendt's career extended far beyond the Cheers barstool. He appeared in films like Fletch, Forever Young, and even Spice World, along with guest roles in hit shows such as Frasier, The Simpsons, and The Masked Singer (where he participated as a snow globe in 2023). A dedicated theatre actor, Wendt has taken part in Broadway productions including Elf: The Musical and Hairspray. By 2025, his long-time home in Studio City, which he purchased in 1985 for $335,000, was valued at approximately $4 million.


A humble star and a Chicago comedy legend

Premiere Of 'Forever Young' - Source: Getty Photo by Vinnie Zuffante
Premiere Of 'Forever Young' - Source: Getty Photo by Vinnie Zuffante

Wendt remained down to earth, despite his fame and success. He and his wife, the actress Bernadette Birkett, lived in the same house for 40 years and raised three children away from the public eye. A Chicago native and Second City alum, Wendt honed his skills in improv and sketch comedy with memorable cameos on Saturday Night Live. Warm, humble, and also hilarious, Wendt's life and work secured his place in sitcom history and made him a friend to millions.


Conclusion

Big Slick Celebrity Weekend Benefiting Children's Mercy Hospital Kansas City - Source: Getty Photo by Kyle Rivas
Big Slick Celebrity Weekend Benefiting Children's Mercy Hospital Kansas City - Source: Getty Photo by Kyle Rivas

The George Wendt legacy is more than the money he's made and his accrued net worth. He was a cherished cast member who made everyone laugh. His notable portrayal of Norm is destined to be cherished by fans for decades ahead.

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Edited by Yesha Srivastava