David Letterman Net Worth- David Letterman is retiring on May 20 and as the day approaches, the famous late night talk show host has been the subject of headlines.
There are talks on who will be appearing on the final 28 episodes of "The Late Show With David Letterman" and how special the remaining one month will be before his final retirement from show business.
Everyone knows how successful David Letterman is. He is renowned as the top among 10 richest late night show hosts. David Letterman Net Worth amounts to $400 million as reported by About.com. He was earning approximately $50 million a year tagging him the richest among the hosts.
What is the reason why David Letterman's retiring? The Travelers Today reported that although David Letterman Net Worth stays at $400 million, his earning capacity comes down to only $20 million a year in the most recent years.
Was David Letterman Net Worth really affected that's why he's retiring?
His announcement was a surprise to many including his fans. Rumors surfaced that the reason why he is quitting as late night talk show host from the last 33 years was because David Letterman Net Worth drastically deflated to less than $30 million yearly.
The Celebrity Net Worth says that although he has earning capacity of $20 million a year, he could make as much as $50 million a year just like in the past with his income from licensing and syndication fees.
David Letterman has been involved in real estate business and he owns a production company, Worldwide Pants Incorporated that produces and owns the rights to "Everybody Loves Raymond" (1996), "The Building" (1993), "Bonnie" (1995), "The High Life" (1996), "The Late Late Show with Craig Kilborn" (1999), and "Ed" (2000).
Finally, David Letterman revealed the reason why he is really stepping down from his throne as a popular late night talk show host.
"I just want to reiterate my thanks for the support from the network, all of the people who have worked here, all of the people in the theater, all of the people on the staff, everybody at home, thank you very much," he said in a statement. "What this means now, is that Paul and I can be married."
With this statement, the speculation that David Letterman Net Worth was the reason why he's retiring was made clear.
David Letterman debuted as a late night talk show host guest in 1978. However, it was in 1982 when the "Late Night with David Letterman" started on air featuring him as the host. After 11 years in NBC, he left the network with his friend Carson due to some rumors that Carson's spot will be replaced by Jay Leno in the "The Tonight Show with Jay Leno."
Since then, David Letterman became a household name. There is no doubt that his hosting gigs made a huge contribution to David Letterman Net Worth.