Shepard Smith net worth and salary: Shepard Smith is an American news anchor on the Fox News Channel who has a net worth of $20 million and annual salary of $8 million. Shepard Smith hosts Fox Report and Studio B on the Fox News channel. He also hosts a weeknight radio program on Fox News Radio. Shepard Smith was born on January 14, 1964 in Holly Springs Mississippi. His mother was an teacher and his father sold cotton. Smith studied journalism at the University of Mississippi but left school two credits away from graduation to pursue his dream of working in television news. The Fox Report is currently the highest rated cable newscast on television. His current contract pays a salary of $8 million per year for the next three years!