Chris Wallace is a renowned American journalist and television anchor who has been in the industry for several decades. Known for his hard-hitting interviews and insightful reporting, Wallace has become a household name in the United States. With such a long and distinguished career, it’s no surprise that people are curious about Chris Wallace net worth.
In this article, we’ll disclose Chris Wallace’s net worth, early life, and career, time at Fox News, awards and recognition, business ventures and investments, philanthropy, and personal life.
Chris Wallace Net Worth
According to Celebrity Net Worth, Chris Wallace has an estimated net worth of $25 million. This impressive net worth came from his long and distinguished career in journalism, which has included work for several major news networks. He earns around $12 million annually from his work at Fox News.
How did Chris Wallace make his worth?
Chris Wallace has accumulated a net worth through his impressive career in broadcasting and journalism. Wallace has been a fixture in the news industry since the early 1980s and has held several prominent positions at major networks, including NBC News and ABC News. He has also been the anchor of Fox News Sunday and the host of Fox News Sunday with Chris Wallace since joining the network in 2003. Wallace’s success and longevity in the news industry have allowed him to accumulate a significant fortune.
Wallace joined ABC News in 2003, serving as a primary and substitute anchor of ABC’s Nightline. He also moderated several presidential debates and was the anchor of the ABC Sunday morning show This Week. After spending 14 years at ABC News, Wallace joined Fox News in 2003.
Since joining Fox News, Wallace has become a prominent figure in the network’s coverage of politics. He is the anchor of Fox News Sunday and the host of the Fox News program Fox News Sunday with Chris Wallace. He has also moderated several presidential and vice presidential debates, including the first debate of the 2020 election season. Additionally, Wallace often appears on other Fox News programs, such as Hannity, The Five, and Outnumbered.
Early Life and Career
Christopher Wallace was born in Chicago, Illinois, on October 12, 1947. He is the son of famous journalists Mike Wallace and Norma Kaphan. Chris attended Harvard College and earned a degree in History in 1969. After graduation, he began his career in journalism as a reporter for The Boston Globe. In 1975, Wallace moved to Washington, D.C., and joined NBC News as a political correspondent.
Wallace spent 14 years at NBC, covering a range of stories, including the Watergate scandal, the Iranian hostage crisis, and the assassination attempt on President Ronald Reagan. He also served as the White House correspondent during the administrations of Presidents Ronald Reagan and George H.W. Bush. In 1989, Wallace left NBC and joined ABC News, where he served as the senior correspondent for Primetime Thursday and a substitute anchor for Nightline.
Fox News Career
In 2003, Wallace joined Fox News as a senior correspondent and occasional guest anchor for The O’Reilly Factor. In 2006, he was given his show, Fox News Sunday, which airs every Sunday morning and features interviews with political figures and newsmakers. Wallace has become known for his hard-hitting interviews, and his show is a popular destination for politicians and other public figures looking to make a statement.
In addition to hosting Fox News Sunday, Wallace has moderated several presidential debates. However, he moderated the third and final debate between Barack Obama and John McCain in 2008. In 2016, he moderated the third and final debate between Donald Trump and Hillary Clinton. Wallace got so many wishes for handling the debates, with many calling him one of the best moderators in recent History.
Awards and Recognition
Chris Wallace has received numerous awards and honors throughout his career. In 2013, he was inducted into the Television Hall of Fame, recognizing his contributions to the industry. He has also received three Emmy Awards, including one for his coverage of the 9/11 attacks.
Wallace has also been recognized for his work as a journalist and interviewer. In 2011, he received the Paul White Award from the Radio Television Digital News Association, which honors a lifetime of achievement and service to electronic journalism. In 2017, the National Press Foundation awarded him the Sol Taishoff Award for Excellence in Broadcast Journalism.
Business Ventures and Investments
In addition to his work in journalism, Chris Wallace has had several business ventures over the years. In the 1990s, he and his wife Lorraine started a chain of movie theaters called the Wallace Theaters Corporation. The company eventually grew to include 16 theaters before he sold it to United Artists in 2000.
Wallace has also served on the board of directors for several companies, including the CME Group, which operates the Chicago Mercantile Exchange, and the Chicago Board of Trade. Over the years, he has also invested in real estate, including a home in Martha’s Vineyard and a condo in Naples, Florida.
Philanthropy
Chris Wallace has had several philanthropic endeavors over the years. He is a member of the board of directors for the Congressional Medal of Honor Foundation, which supports the work of the Congressional Medal of Honor Society. He has also served as the master of ceremonies for several charity events, including the National Italian American Foundation Gala and the Horatio Alger Association of Distinguished Americans Awards.
Personal Life
Chris Wallace has been married three times. His first marriage was to Elizabeth Farrell in 1973, and they had one son together before divorcing in 1990. In 1997, he married Lorraine Smothers, with whom he started the Wallace Theaters Corporation. They divorced in 2019. Wallace married his current wife, Mary Yates, in 2020.
Wallace has three children, two sons, a daughter, and several grandchildren. He is an avid golfer and has participated in several celebrity golf tournaments.
Salary and Income source
When it comes to money, Wallace has done very well for himself. His annual salary for his work at Fox News is around $12 million. This money makes him one of the highest-paid news anchors in the world.
Where does this money come from? Most of it comes from his salary at Fox News. In addition to this, Wallace also earns money from his writing and speaking engagements. He has written several books, including the best-selling “Character: Profiles in Presidential Courage,” and is a sought-after public speaker.
Wallace also has several other income sources. He has investments in several companies and real estate holdings. He also earns royalties from the re-airing of his television shows. All of these income sources add up to a very healthy salary.
FAQs on Chris Wallace Net Worth
What is Chris Wallace’s annual salary at Fox News?
According to reports, Chris Wallace’s annual salary at Fox News is around $12 million.
How long has Chris Wallace been a journalist?
Chris Wallace has been a journalist for over five decades. He began his career in journalism in the early 1970s and has worked for several major news networks, including NBC, ABC, CBS, and Fox News.
What are some of Chris Wallace’s notable accomplishments as a journalist?
Chris Wallace has had a long and distinguished journalism career, spanning several decades and multiple major news networks. He has received numerous awards and accolades throughout his career, including three Emmy Awards for his work at Fox News.
What other business ventures have Chris Wallace been involved in?
In addition to his work in journalism, Chris Wallace has had several business ventures over the years. He has also served on the board of directors for several companies, including the CME Group.
Conclusion
Chris Wallace has had a long and distinguished career in journalism, spanning several decades and multiple major news networks. His net worth of $25 million is a testament to his hard work and dedication to the profession.
He has also been involved in several business ventures and philanthropic endeavors, demonstrating his commitment to making a difference in the world. As he continues his work at Fox News and beyond, it’s clear that Chris Wallace will remain a respected and influential figure in journalism for years to come.
