Steve Harvey is a well-known American entertainer with a career that spans across comedy, television hosting, producing, radio, writing, and acting. Born on January 17, 1957, in Welch, West Virginia, Harvey has achieved considerable success over the years. In this article I’ve explored Harvey's career, his sources of income, the properties he owns, details about his personal life, and his contributions beyond entertainment.
Full Name | Broderick Stephen Harvey |
Nationality | United States |
Profession | Comedian, Actor, Radio Host, Producer, Author |
Birthdate | January 17, 1957 |
Net Worth | $200 Million |
Salary | $45 Million annually |
Steve Harvey Net Worth 2024
Steve Harvey's net worth in 2024 is estimated to be $200 million. His yearly salary falls between $40 to $50 million. This income mainly comes from his roles as a television and radio host.
He makes about $10 million each year from hosting "Family Feud." His work on "The Steve Harvey Morning Show" on the radio adds roughly $20 million to his yearly earnings. Hosting "Celebrity Family Feud" and other TV shows also contributes to his income.
Harvey has received several Daytime Emmy Awards, showing his impact in the entertainment industry. He has written four books. One of these, "Act Like a Lady, Think Like a Man," was turned into a movie. His career in stand-up comedy, including tours like the Kings of Comedy, has also added to his earnings.
Outside of entertainment, Harvey runs a production company and has put money into different businesses, including real estate and startups. Through Steve Harvey Global, he has invested in companies like Stripe and SpaceX. He owns real estate, including a mansion in Beverly Park and a villa in Welch, West Virginia.
From 1998, when his net worth was $5 million, to 2024, Harvey's net worth has grown to $200 million. This growth is due to his earnings from television and radio, his books, stand-up comedy, and his investments in businesses and real estate.
How Did Steve Harvey Build His Net Worth?
Steve Harvey started his career in 1985 as a stand-up comedian in Cleveland, Ohio. During the early years, he went through tough times, including living in his car. In 1990, Harvey got a significant opportunity when he began hosting "It's Showtime at the Apollo." This role marked the beginning of his rise in the entertainment industry.
He then starred in "The Steve Harvey Show," a sitcom that aired for six seasons. This show played a key role in increasing his fame and wealth. Another major boost to his net worth came from the Kings of Comedy tour, which made $37 million.
His radio program, "The Steve Harvey Morning Show," has been another consistent source of income. It has also earned him awards. The book "Act Like a Lady, Think Like a Man" was a hit, sold many copies, and its adaptation into a movie added significantly to his income.
Harvey has also invested in different areas, including real estate, technology, and retail. These investments have helped grow his financial portfolio. He owns Steve Harvey Global, an umbrella company that includes his production business and other ventures. This reflects his skill in business.
His investments in startups and private companies before they became public have also played a part in building his net worth. Through strategic investments and diverse income sources, Harvey has managed to accumulate significant wealth over the years.
What Are His Main Sources Of Income?
Television Hosting
Steve Harvey's role as a television host, particularly on "Family Feud" and "Celebrity Family Feud," represents a significant portion of his income.
These shows are not just popular in the United States but have gained international acclaim, increasing Harvey's visibility and marketability. The appeal of "Family Feud" lies in Harvey's charismatic hosting style, which blends humor with empathy.
His ability to connect with contestants and audiences alike has made these shows a staple of daytime and primetime television. These shows have contributed substantially to his annual earnings and solidifying his status as a top-tier television personality.
Radio Hosting
"The Steve Harvey Morning Show" plays a key role in Steve Harvey's earnings, reaching millions of listeners daily across the United States. The show blends comedy, music, and talk segments, driven by Harvey's engaging presence.
Its wide appeal and large audience attract significant advertising revenue, boosting Harvey's income. This platform not only enhances his financial gains but also maintains his connection with the audience, significantly contributing to his brand's strength and visibility in the entertainment industry.
Book Sales
Steve Harvey is the author of several books, with "Act Like a Lady, Think Like a Man" standing out for its commercial success. This best-selling book has been a major contributor to Harvey's wealth, translating his insights on relationships into a format that reached a wide audience.
The book's popularity led to its adaptation into a successful film franchise, further increasing its sales and
Harvey's royalties from these adaptations. Harvey's books have not only added to his financial portfolio but have also established him as a thought leader in areas beyond entertainment.
Production Company
Steve Harvey Global oversees the production of content and events that span various media platforms, allowing Harvey creative control and a significant share of the profits.
By producing his own shows and events, Harvey has diversified his income streams and secured a more substantial portion of the earnings, demonstrating his understanding of the business side of entertainment. This approach not only maximizes his income from each project but also strengthens his brand's presence in the industry.
Clothing Line and Brand Partnerships
Steve Harvey has launched a clothing line called "H by Steve Harvey" and has established partnerships with various brands.
His clothing line, known for its stylish suits, attracts many people who want to dress like him. He also works with different brands, using his popularity to help sell their products and services.
This has brought him a lot of income from endorsements. These efforts show Harvey's skill in using his public image to create new ways to make money, apart from his work in media.
Real Estate Investments
Steve Harvey has invested in real estate, which is an important part of his finances. He owns properties in places like West Virginia, Atlanta, and Beverly Park.
This allows him to earn money by renting them out and benefit from the increase in their value over time. Investing in real estate helps diversify his income and can lead to profits from both rent and the growing value of the properties.
Philanthropy
While philanthropy is often viewed through the lens of giving back, Steve Harvey's charitable efforts also enhance his brand and open up new opportunities. The Steve & Marjorie Harvey Foundation has made significant impacts in communities, which, in turn, positively affects Harvey's public image.
This goodwill can lead to more partnerships and ventures, as companies and organizations are keen to associate with individuals who have a strong commitment to societal improvement. Thus, Harvey's philanthropic activities, while altruistic, also serve as strategic brand-building tools.
Entrepreneurial Ventures
Steve Harvey has engaged in entrepreneurial activities, including launching a dating site and investing in startups.Some of the key companies he's invested in include Stripe, a payment platform valued at approximately $74 billion
These actions highlight his understanding of business. He chooses to invest in startups and tech companies because they have the potential to grow quickly.
What Properties Does Steve Harvey Own?
Steve Harvey has invested in several properties over the years, showcasing his success in various ventures. Here's a look at the properties he owns:
In 2020, Harvey bought a mansion in Atlanta, Georgia, for $15 million. This property was previously owned by Tyler Perry. The mansion covers 34,688 square feet and is on 17 acres of land. It has seven bedrooms and 14 bathrooms.
The house includes a kitchen with modern appliances, a game room with a billiard pool table, an indoor swimming pool, a gym, a movie theater, a wine cellar, and an underground ballroom with a kitchen for catering.
Outside, there's a large swimming pool, a tennis court, a spa, and a guest house. The property also has a high-quality security system.
Harvey also owns a property in Little Elm, Texas, built in 2003. It's 7,430 square feet, with five bedrooms and six bathrooms, sitting on 3.67 acres. Moreover, Harvey had a 5,500-square-foot penthouse in Chicago, which he sold in 2018 for $7.7 million.
Harvey owns another home in Atlanta. This house has six bedrooms, eight bathrooms, and is 9,258 square feet. There are reports that Harvey is renting a property in Beverly Hills, California. He and his wife reportedly pay $110,000 per month for a home that offers privacy and is located above Beverly Hills.
Early Life Of Steve Harvey
Steve Harvey was born on January 17, 1957, in Welch, West Virginia, and later moved to Cleveland, Ohio, where he was raised. His full name is Broderick Stephen Harvey. He is the son of Jesse Harvey, who worked as a coal miner, and Eloise Vera Harvey, a Sunday school teacher.
For his education, Harvey went to Kent State University and also attended West Virginia University, but he did not complete his degree at either institution. Before finding his path in the entertainment industry, Harvey held various jobs, including working as a boxer and selling insurance.
His career in entertainment began in the mid-1980s. Harvey's entry into stand-up comedy was marked by a win at an amateur night contest at a local comedy club in 1985. This win encouraged him to focus on comedy as a full-time career. This decision set the stage for his future successes in entertainment and business.
Personal Life Of Steve Harvey
Harvey has been married three times. His first marriage was to Marcia Harvey, which lasted from 1981 to 1994. Following this, he was married to Mary Lee Harvey from 1996 to 2005. His third and current marriage is with Marjorie Harvey, whom he originally met in 1987 at a comedy club in Memphis, Tennessee. Despite initially dating and then parting ways, Steve and Marjorie reconnected in 2005 and were married in 2007.
Marjorie Harvey, like Steve, had been previously married and brought three children into their union, whom Steve legally adopted after they wed. The couple has since formed a blended family that includes seven children: Brandi, Karli, Broderick, Wynton, Morgan, Jason, and Lori Harvey.
The Harveys have navigated through challenges, including addressing cheating allegations in the media, which both have denied. Through these challenges, they have maintained a united front, showcasing their commitment to each other and their family.
Beyond his family life, Steve Harvey is also deeply committed to philanthropy. He and Marjorie run The Steve and Marjorie Harvey Foundation. This organization focuses on providing mentoring programs and educational assistance, reflecting Harvey's dedication to giving back to the community and supporting the next generation.
Conclusion:
In conclusion, Steve Harvey has built a significant net worth through his work in television, radio, writing, and his production company. His income comes from various sources, including hosting shows like "Family Feud" and investments in real estate.
Harvey has been married three times and has a blended family of seven children. He also focuses on giving back through his foundation. Harvey's career and personal life showcase his resilience and ability to succeed across different fields.
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