David Letterman net worth and salary: David Letterman is an American comedian and late night talk show host who has a net worth of $400 million and annual salary of $20 million. In years past, Letterman could easily earn $50 million a year in licensing and syndication fees, but that number has come down slightly in recent years. His production company, Worldwide Pants Incorporated, produces and owns the rights to "Everybody Loves Raymond" and "The Late Late Show with Craig Ferguson. Letterman's Late Show contract with CBS was recently extended, with a small paycut thanks to the recession and reduced viewership.
Dave has used his bundle to become something of a real estate mogul. He owns a 108-acre estate in Westchester County, New York (purchase price: $5 million for 88 acres in 1994 and $5 million for the rest in 2007); a 2,700 acre ranch near Chateau, Montana; a place on Martha's Vineyard; and a house in St. Barth's. He co-owns Rahal Letterman Racing, an Indy Racing League team. Dave is also a softie for charities. His private foundation, the American Foundation for Courtesy and Grooming, has donated millions to non-profits including the American Cancer Society, Doctors Without Borders, and Ball State University.
The Letterman clan, which includes wife Regina and 6 year-old son Harry, generally keeps a low social profile, a habit that was reinforced after the discovery of a 2005 plot to kidnap baby Harry. Kidnapping, extortion….Yeah, being rich can be such a drag sometimes. But if you play your cards like Dave Letterman, you will probably have the last laugh. Regardless of who is the kind of late night ratings, Letterman is clearly the king of late earnings outshining fellow comedians Jay Leno, Jon Stewart, Conan O'Brien by a mile.