Chris Wallace net worth and salary: Chris Wallace is an American anchor and journalist with an estimated net worth of $6 million dollars and annual salary of $1 million. Born in Chicago, Illinois, Chris Wallace graduated from Harvard University, where he first began his career as a broadcaster, reporting the news on the campus radio station. He is the stepson of former CBS News President Bill Leonard, and the biological son of reporter, Mike Wallace, though he had very little contact with his father growing up. After finishing school, he chose to turn down Yale Law School, and focus on journalism, taking a job with The Boston Globe. He then began working for a Chicago television station, and was hired to serve as a reporter by NBC in 1975. He served as a reporter for WNBC-TV in New York for 14 years, and subsequently became a political correspondent for NBC News, and then the Washington co-anchor for "Today" in the early 80s. He went on to anchor multiple programs for ABC, and is now the host of Fox News Sunday.