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According to Celebrity Net Worth, American comedian, writer, actor, author, and talk show host Stephen Colbert has a net worth of $76 million. CBS has announced the cancellation of Colbert's The Late Show, which will conclude in May.
Colbert, who has been the host of the show since 2015, announced the news on July 17, noting that he was informed of the news the previous night. As the audience booed, Colbert said,
"Yeah, I share your feelings. I'm not being replaced. This is all just going away."
The show first premiered in 1993 with David Letterman as the host. When Letterman was overlooked for NBC's The Tonight Show, Colbert took over in 2015. He was recognized for satirizing Trump and his presidency in his nightly monologues. CBS executives issued a statement explaining the reasons for the show's cancellation and said,
"This is purely a financial decision against a challenging backdrop in late night. It is not related to any way to the show's performance, content or other matters happening at Paramount."
Senator Adam Schiff of California, a Democrat, who was a guest on the July 17 episode, took to X to ask if the show has been cancelled for "political reasons."
What was Stephen Colbert's salary?
When Stephen Colbert took over CBS's The Late Show from David Letterman in 2015, his annual salary was reportedly $6 million. In 2019, Colbert renewed his contract, and his annual salary increased to $15 million.
In 2023, Colbert signed a three-year extension, securing his role as host through 2026. Colbert is an outspoken critic of U.S. President Donald Trump and has a career that spans comedy, acting, writing, and hosting.
He amassed his wealth by writing bestselling books like I Am America (And So Can You), America Again, Does This Taste Funny, and more. He has also performed on Broadway and voiced characters in shows like The Venture Bros. and films such as Monsters vs. Aliens.
The Late Show during Stephen Colbert's tenure has consistently had high ratings and is known as the top-rated show in late night. The cancellation announcement comes as CBS's parent company, Paramount Global, attempts to finalize a merger with Skydance. Paramount's owners have also been urging the Trump administration to approve the sale of CBS to Skydance, according to reports. The company had recently settled a lawsuit filed by Trump against CBS News, which Colbert called "a big fat bribe" on his show earlier this week.
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