According to Business Insider, Seacrest reportedly earns around $10 million per year for his gig as the host. It is possible that he has signed a new contract since that number was reported, however, as it’s been quite some time since publication.
Seacrest had a bumpy ride to get back on the show after it was rebooted. He was stuck in rounds of contract negotiations after not taking the first offer from ABC, which led them to raise what he was initially offered.
Seacrest joins Katy Perry, Luke Bryan, Lionel Richie and Bobby Bones as the cast of “American Idol”. Perry, Bryan, and Richie are returning judges while Bones is the returning in-house mentor. Seacrest earns $15 million less per year than Perry, according to Page Six, which reports her salary at $25 million a year.
Read on to learn more about Ryan Seacrest’s salary and net worth.
Seacrest Took a Pay Cut When the Show Rebooted
When “American Idol” was canceled on Fox, there were no sure-things about the reboot once rights were bought by ABC. According to The Hollywood Reporter, Seacrest was locked in negotiations with the show for months.
Prior to the show’s being picked up by ABC, Seacrest was reportedly making around $15 million per year for hosting “American Idol” on Fox.
Now, Seacrest’s contract, which he signed in 2017, was for $10 million a year, a $5 million per year pay cut for hosting the show. The contract did, however, stipulate that Seacrest receive a credit as an executive producer on the show, which The Hollywood Reporter referred to as “coveted.”
According to the same report, judge Katy Perry signed a deal for $25 million a year for judging the competition, leading Seacrest to initially only be offered $5 million per year for his hosting services. Seacrest denied that offer.
Seacrest is also co-host of the syndicated morning talk show “Live with Kelly and Ryan” and the now former host and executive producer of E!’s “Live From the Red Carpet.” Seacrest also produces other shows. On top of all that, he is the host and executive producer of his morning radio show “On Air with Ryan Seacrest.”
Seacrest’s 2020 Net Worth is Estimated to be $450 Million
According to Celebrity Net Worth, Seacrest has amassed a net worth of around $450 million by 2021. His yearly salary, according to the website, is about $75 million total.
In July 2009, Seacrest signed a deal with”American Idol” for $45 million. He was the highest-paid reality TV host at the time. The deal was renewed for $30 million for two years in 2015.
Seacrest currently owns a home in Beverly Hills, which he purchased from daytime host Ellen Degeneres for $36.5 million. The home boasts 9,200 square feet and sits on over 2.5 acres of land. It has nine bedrooms, 11 bathrooms, a pool, two guest houses and a separate three-bedroom house. It also reportedly features lush gardens.
Tune in to “American Idol” on ABC on Sunday nights at 8 p.m. ET/PT to see Seacrest hosting this season.