A Look at Rush Limbaugh’s Fortune After His Passing
PAT BENIC / UPI / Shutterstock / PAT BENIC / UPI / Shutterstock
Conservative talk show host and writer Rush Limbaugh died on February 17, 2021 at the age of 70 after a year-long battle with lung cancer. At the time of his death, Limbaugh's net worth was $ 600 million, according to Celebrity Net Worth. With an annual salary of $ 85 million at the time of his death, Rush Limbaugh reached number 11 on Forbes' 2020 celebrity revenue list and was also one of the highest-earning radio presenters according to Forbes. According to Celebrity Net Worth, Limbaugh was the second highest paid radio host after Howard Stern in 2019.
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How did Limbaugh build his fortune and how did he spend it?
Limbaugh's radio income
Rush Limbaugh made a name for himself as one of the most popular and hated radio celebrities, hosting the widely syndicated Rush Limbaugh Show on AM and FM radio stations from 1988 until his death. According to Celebrity Net Worth, his earnings between salary, bonuses, profit sharing and personal performance fees peaked at $ 85 million a year.
His salary for the show has gradually increased since he made his debut on New York's WABC-AM in 1988.
In 2001, he signed a $ 285 million contract, essentially $ 31.25 million a year for eight years, Celebrity Net Worth reports. ClearChannel Radio Network renewed the contract in 2008 for $ 400 million over the next eight years, or $ 50 million per year. His profits soared to $ 85 million a year with a four-year contract renewal in 2016.
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Limbaugh's real estate holdings
According to Celebrity Net Worth, Limbaugh has a portion of its real estate fortune with a $ 26 million home in West Palm Beach, Florida. The website says he previously owned a penthouse in New York City.
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Limbaugh's charitable donations
Despite his bombastic personality that offended many people, Forbes ranked fourth on the list of Most Generous Celebrities in 2008. Limbaugh's contributions that year included $ 4.2 million to the Marine Corps Law Enforcement Foundation. The donation represented 13% of his annual earnings, Forbes reported.
According to FoundationGuide.org website, Limbaugh's annual Cure-A-Thon broadcast has raised more than $ 47 million over the years to support the Leukemia & Lymphoma Society of America. Limbaugh and his wife Kathryn personally donated more than $ 600,000 to the organization designed to help people with leukemia, lymphoma, and Hodgkin disease as they work to find a cure for these deadly diseases.
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Last updated: February 17, 2021
This article originally appeared on GOBankingRates.com: A Look at Rush Limbaugh's Fortune After His Death
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