Michael Richards, who was born on July 24, 1949, is a writer, television producer, American actor, and comedian. He is known for his portrayal of Cosmo Kramer on the television sitcom Seinfeld. Michael received the award of Primetime Emmy for outstanding supporting Actor three times for this role.
The Net Worth of Michael Richards
Michael Richards holds the net worth of $45 Million in the year 2023. Michael Richards started his career as a stand-up comedian working on numerous television series and films with around 47 credits for his acting. Friday, Street Elsewhere, Kristie, and Marblehead Manor are some of his notable television appearances.
Income Sources and Earnings
Starting with a career in stand-up comedy for Billy Crystal’s first cable Television special, Michael Richards started working on ABC’s TV show on Fridays by 1980. Richards got his breakthrough when in 1989 he got a chance to portray Cosmo Kramer in NBC TV series Seinfeld along with other small TV and film roles.
From 1989 to 1998, he worked alongside Jason Alexander, Jerry Seinfeld, and Julia Louis-Dreyfus which earned Michael a fortune plus huge fame. According to Celebrity Net Worth and The Richest, Richards has an estimated value of $45 Million as of July 2019.
The Salary he earned from Seinfeld
While starting his career in Seinfeld, he used to earn $150,000 per episode; however, as the show became famous, the payroll rose to $600,000 per episode in the last seasons of the show.
Sources online reported that as a rising star, Michael earned roughly $13 Million per year while his last salary in last season was $15,000 approx. per line.
Movie and TV Series Appearances
Richards appeared on some of the notable TV series and movies such as Fridays from the year 1980 – 1982, Marblehead Manor from the year 1987 – 1988, Kristie from the year 2013 – 2014, and St, Elsewhere from the year 1984 – 1985. This all earned him a total of 47 acting credits.
Michael also made brief movie appearances after working alongside some of the famous personalities like Elizabeth Perkins, Halle Berry, and Howie Mandel.
– Problem Child in the year 1990 which was grossed at $72.2 million with a budget of $10 million
– Young Doctors in Love in the year 1982 which was grossed at $30 million with a budget of $7.02 million
– The Flintstones in the year 1994 with the Box office collection of $341.6 million in a budget of $46 million
– The Bee Movie in the year 2007 which was grossed at $287.6 million with a budget of $150 million
Charity Works and Endorsements
Michael is not seen to be active on social Media Profiles like Instagram and Twitter.
During his career height, the actor made a huge sum of money without any endorsement deals or sponsorships.
For his charity works, Michael is an active donor and despite his absences from massive donation highlights, Richards has been associated with many non-profit organizations.
House, Cars, Lifestyle, Assets, and Expenses
This is a fact that Michael prefers to live a private life; however, he enjoys a lavish lifestyle with a jaw-dropping asset collection that can barely be covered. In Los Angeles, California, Richard is reported to have owned 6000 sq. ft. the house that features 3 bedrooms and 5 bathrooms. This property was bought back in 1996 for $1.75 million.
He had also formerly owned a 2700 sq. ft. house in Studio City that he bought back in 1992 for $525,000. This property featured 3 bedrooms and 3 bathrooms and was later sold for $810,000 in 1998.
Richards’s car collection has not been made public, but he owns luxury cars like Audi, Mercedes, Chevy and many more with his multimillion-dollar fortune. Michael’s expenses include costly suits and huge expenses for designer clothing. While other expenses include travels and accommodations except for his clothing.
Insurance and Tax Payments
Every celebrity and an average citizen are liable to pay taxes. The house in Los Angeles seeks 0.7% of the assessed value as property tax and an insurance premium of $1,360 per year.
Richard comes under the income tax bracket of 10%-37% depending on his incomes per year. For example, while living in Los Angeles, Richard has to pay $468,590 on the total revenue of $1 Million.
Michael’s Personal Life: Height, Age, Education, Marriage, Wife, Family, and children
Michael Richards, born Michael Anthony Richards on July 24, 1949, in Culver City, Los Angeles, California, was two years old when his father died in a car crash and was raised by a single mother.
Michael’s father was an electrical engineer while his mother was a medical records librarian.
Richards studied from the Thousand Oaks High School and later joined the United States Army in 1970. Michael using the G.I.Bill, enrolled at the California Institute of Arts. He earned a BA degree in drama from The Evergreen State College. After his departure from the USA army, Michael Richards pursued his acting career.
While Michael holds an American nationality, he is of mixed ethnicity of being Scottish and English descent on the father’s side and being Italian on his mother’s side.
Richards is 6ft. 3 inches (191 cm) as of July 2019.
Marriage, Wife and his Children
Michael married twice in his life. After getting divorced with his first wife, he currently lives with Beth Skipp, the girlfriend who turned into his wife. The couple started dating in 2002 and later married in a church in a private ceremony. Some sources have claimed that the couple married in 2007 while others claim they married in 2010 or 2013.
Beth and Michael are parents to a son Antonio while Richards is also a father to a daughter Sophia who was born in 1975 from the first marriage. His first wife was a family therapist named Cathleen Lyons. The couple married in 1974 but got divorced after 18 years in 1994.