Michael Richards is an American actor, writer, producer, and comedian famous for his role as Cosmo Kramer on the sitcom Seinfeld. But how did he earn his fortune, and what are his other sources of income? Today, we will know Michael Richards Net Worth 2022.

Michael Richards Net Worth 2022:

Richards rose to fame as Cosmo Kramer, the eccentric and quirky neighbor of Jerry Seinfeld on the NBC series Seinfeld, which ran from 1989 to 1998. The show was created by Jerry Seinfeld and Larry David, who worked with Richards on the sketch comedy show Fridays in the early 1980s.

Seinfeld was among the most popular and successful sitcoms, winning 10 Emmy Awards and three Golden Globes. It also became one of the most profitable shows in history, generating more than $3 billion in syndication revenue. Richards played Kramer for nine seasons, appearing in 173 episodes.

According to Business Insider, he earned $150,000 per episode for the first five seasons of Seinfeld, which amounted to $13.5 million. For the sixth season, he negotiated a raise to $600,000 per episode, which increased his earnings to $36 million. For the final two seasons, he received $1 million per episode, which added another $48 million to his bank account. Richards made $97.5 million from his salary alone on Seinfeld.

But that’s not all. Richards also earned a percentage of the show’s syndication profits, estimated to be around $400 million annually. According to The Hollywood Reporter, Richards and his co-stars Julia Louis-Dreyfus and Jason Alexander each received 0.25% of the syndication revenue, meaning they each made $1 million yearly from reruns.

Post-Seinfeld Projects

After Seinfeld ended in 1998, Richards tried to launch his sitcom, The Michael Richards Show, where he played a private detective. However, the show was poorly received by critics and viewers and was canceled after only eight episodes.

Richards also appeared in several movies, such as UHF, Problem Child, Airheads, So I Married an Axe Murderer, Coneheads, Unstrung Heroes, and Trial and Error. However, none of them were major box-office hits.

In 2013, Richards announced that he had retired from stand-up comedy and was focusing on his family and other interests. He said he was not interested in returning to television or film, but he did not rule out the possibility of doing some theater work.

Michael Richards Net Worth Today

As of 2023, Michael Richards has a net worth of $30 million. He lives in a $3.5 million home in Los Angeles with his wife, Beth Skipp, and their son Antonio. He also owns a $1.7 million condo in New York City.

Richards is still earning money from Seinfeld reruns, syndicated in more than 200 countries and generating millions of dollars in revenue annually. He also receives royalties from DVD sales and streaming services such as Hulu, which paid $180 million for the exclusive rights to stream Seinfeld in 2015.

Conclusion:

Richards is one of the most iconic and memorable characters in television history, thanks to his portrayal of Cosmo Kramer on Seinfeld. He has made a fortune from his acting career but has faced some challenges and controversies. He has since retired from the spotlight and enjoys a quiet life with his family.