Dick Clark Net Worth
Dick Clark net worth: Dick Clark was an American television and radio host who had a net worth of $200 million. Dick Clark was most famous as the host of "American Bandstand" and "Dick Clark's New Year's Rockin' Eve". During his lengthy career, Clark introduced American television and radio audiences to hundreds of bands and solo artists who would go on to become massively popular. In addition to his work as a host for television, radio, and game shows, he is also the CEO of Dick Clark Productions. Dick Clark Productions is based in Santa Monica California and has produced hundreds of popular programs since being founded in 1957 like The Golden Globes, The Country Music Awards and The American Music Awards. In 2007, Clark sold his company to Washington Redskins owner Dan Snyder for $175 million.
At the heyday of American Bandstand's success Clark was actually not making very much money. At least, not anywhere near as much money you would make today as the host of a nationally syndicated mega hit show (example: Ryan Seacrest makes $60+ million a year as a television host and presenter). In order to supplement his earnings, Clark had been investing heavily in several lucrative areas of the music business including music publishing, talent management, artist merchandise and record distribution. These investments caused Dick Clark's net worth to sky rocket. In one example that came out during the Congressional hearings, Clark admitted that a $125 record company investment went on to pay him over $30,000 in roughly two years. Unfortunately, the United States Congress eventually saw these side businesses as a conflict of interest as part of their investigations into payola (DJs getting paid to play certain records). Even though Clark vehemently denied that he had ever pushed one of his own artists unfairly, he was forced to sell off all of his interests in the music business in 1960.
Dick Clark passed away on April 18th, 2012 in Santa Monica California at the age of 82. He suffered a debilitating stroke in 2004 which made it difficult for Clark to continue his hosting duties on New Years Eve. After the stroke, Clark was replaced by American Idol's Ryan Seacrest.
Dick Clark is survived by his current wife Kari Wigton and two ex-wives. He has three children, Richard Jr, Duane and Cindy. Clark and Wigton had been married since 1977 so at the time of his death they had been together for over 35 years. The couple owned many houses including a 23 acre compound in Malibu that was modeled after his favorite cartoon, The Flintstones.