Bill Cosby Net Worth 2022 (Forbes) – Salary, Income, Earnings

Bill Cosby Net Worth

Bill Cosby has an estimated net worth of $400 million. Comedian Bill Cosby gained widespread popularity for TV shows including ‘I Spy,’ ‘Fat Albert’ and ‘The Cosby Show.’ Following years of accusations, he was found guilty of sexual assault in 2018. He earns most of his income from his television shows. 

Bill Cosby dropped out of high school to join the United States Navy, and then dropped out of college to pursue a career as a stand-up comedian. Cosby’s first acting role was in the espionage series I Spy (1965-68), where he became the first Black actor to co-star in a leading dramatic role on network television and the first to win an Emmy Award. From 1984 to 1992, his most successful work, The Cosby Show, aired on NBC and was the highest-rated sitcom for several years in a row. In 2014, numerous allegations of sexual misconduct surfaced, tarnishing Cosby’s legendary status. In June 2017, a jury deadlocked on three counts of aggravated indecent assault, but he was found guilty after a retrial in April 2018.

To calculate the net worth of Bill Cosby, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Bill Cosby
Net Worth: $400 Million
Monthly Salary: $2 Million
Annual Income: $26 Million
Source of Wealth: Actor, Comedian, Author, Screenwriter, Television producer, Film Producer, Educator, Activist, Musician, Voice Actor

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Early Life

William Henry Cosby Jr. was born in Philadelphia, Pennsylvania on July 12, 1937. Cosby grew up as the oldest of four boys in Philadelphia’s Germantown neighborhood. The Cosbys were able to get by financially at first, but when Cosby’s father, William Cosby Sr., began drinking heavily, the family’s finances began to deteriorate. After his father enlisted in the United States Navy, Cosby became a father figure to his brothers. Cosby’s mother, Anna Cosby, cleaned houses. He and his family were also assigned to the low-income housing development Richard Allen Homes. Cosby’s second oldest brother, James, died when he was eight years old.

Because his family’s finances were tight during his middle school years, Cosby began shining shoes and working at a supermarket. Despite their difficulties, Cosby’s mother stressed the value of education and learning. She read the Bible and works by Mark Twain to Bill and his brothers on a regular basis. Cosby, a gifted storyteller, recognized early on that using humor to make friends and get what he desired could be advantageous. Cosby was an expert at making up stories. “William should be a lawyer or an actor because he lies so well,” said one of his teachers.

Cosby was intelligent but unmotivated at school. Rather than doing their homework, he preferred to entertain them with stories and jokes. One of his teachers encouraged him to perform in school plays rather than in her class. Cosby listened to a variety of radio shows at home and began impersonating comedians such as Jerry Lewis. He also enjoyed watching Sid Caesar and Jack Benny on TV whenever he could.

Cosby, who was a member of his high school’s track and football teams, was placed in a gifted high school after performing well on an IQ test. Cosby, on the other hand, did not work hard and failed tenth grade twice. He changed schools to Germantown High School, but his academic issues persisted. Out of frustration, Cosby dropped out of high school. Before joining the United States Navy in 1956, he worked at a variety of odd jobs.

During his military service, Cosby worked as a medical aide on ships, in hospitals, and at other facilities. He also joined the Navy’s track and field team, where he excelled in the high jump in particular. Cosby earned his high school equivalency diploma while serving in the military, regretting his decision to drop out of school. After leaving the Navy, he attended Temple University on a scholarship.

While attending Temple, Cosby worked as a bartender at a coffee shop. He told jokes there and eventually got a job occasionally filling in for the house comedian at a nearby club. As a warm-up act, Cosby also appeared on his cousin’s radio show. He was influenced by comedians such as Dick Gregory, an African American comedian who frequently addressed racial issues in his routines. Cosby talked about race in his act early on, but he eventually dropped it, preferring to tell stories about more general and universal themes.

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‘I Spy’ and ‘Fat Albert’

Cosby dropped out of college nearly halfway through his studies to pursue a career in stand-up comedy. He began performing in Greenwich Village, New York, and toured extensively, gaining fans. Cosby made his first appearance on Johnny Carson’s Tonight Show in 1963, which helped launch him to a national audience. (Cosby would later appear on the show numerous times.)

He also got a recording contract and released his first comedy album, Bill Cosby Is a Very Funny Fellow… Right!, the same year. For his next album, 1964’s I Started Out as a Child, he received a Grammy Award for Best Comedy Performance. Throughout the rest of the 1960s, Cosby released hit album after hit album, winning five more Grammys. Later, he would acquire two more for his recordings for children as part of The Electric Company TV series.

With a leading role in a TV series in 1965, Cosby helped pave the way for African American TV performers. He co-starred in the espionage series I Spy as Alexander Scott, alongside Robert Culp. The two spies pretended to be a professional tennis player (Culp) and his coach on a trip (Cosby). Cosby received three consecutive Emmy Awards for his work on the show, which lasted three years.

Cosby starred in his own sitcom not long after I Spy ended. The Bill Cosby Show aired for two seasons, from 1969 to 1971, and starred the comedian as a gym teacher at a high school in Los Angeles. Cosby, a former aspiring teacher, returned to school at the University of Massachusetts at Amherst. At the same time, he appeared on the educational children’s series The Electric Company and created the animated series Fat Albert and the Cosby Kids, based on many of his childhood memories. Cosby received his doctorate in urban education from the university in 1977, after writing his dissertation on Fat Albert. (Cosby obtained his degree in an unconventional manner, with his screen work reportedly counting toward course credits.)

Cosby had box-office success in the 1974 comedy Uptown Saturday Night, co-starring Sidney Poitier and Harry Belafonte, and directed by Poitier. He continued to draw large crowds by co-starring with Poitier in two more comedy hits, Let’s Do It Again and A Piece of the Action, in 1975 and 1977, respectively.

‘The Cosby Show’

Cosby began work on a new television series, once again drawing inspiration from his own life. The sitcom centered on a middle-class African-American couple with five children. Each of the children’s characters resembled their real-life counterparts in some ways. Cosby and his real-life wife, Camille, were married since 1964 and had four daughters and one son. (Initially, Cosby wanted the show to be about a driver and his plumber wife, but Camille joined producers in pushing for the show to be about a doctor and an attorney.) The Cosby Show premiered in 1984 to positive reviews and high ratings.

The Cosby Show drew audiences in week after week with its warm humor and believable situations. Dr. Heathcliff Huxtable, played by Cosby, became one of television’s most popular fathers. On set, he also acted as a father figure to his younger co-stars, including Sabrina Le Beauf, Lisa Bonet, Malcolm-Jamal Warner, Tempestt Bledsoe, and Keshia Knight Pulliam, as well as Raven-Symoné and Erika Alexander. Clair, Cosby’s wife, was played by Phylicia Rashad. After being the highest-rated sitcom on television for several years, the show was cancelled in 1992.

Cosby found time for other projects during the show’s eight-season run, including appearances in several films, including Leonard Part 6 (1987) and Ghost Dad (1989). (1990). Cosby reached another professional milestone in 1986 when he became a best-selling author. His parenting reflections were published in the best-selling book Fatherhood, which sold millions of copies. Time Flies (1987), his opus on aging, was also a huge success. Furthermore, Cosby was well-known as a pitchman, appearing in commercials for products such as JELL-O, for which he had been a spokesman since 1974.

Cosby continued to work in television after The Cosby Show. He appeared in The Cosby Mysteries as a retired criminologist who occasionally assisted a detective friend. Then, in 1996, he rejoined Cosby’s sitcoms, reuniting with former co-star Rashad. They did not achieve the same level of success as their previous effort, but they did enjoy some popularity, remaining on the air for four years.

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Personal Loss

The comedian suffered a significant personal loss while working on Cosby. Ennis, his only son, was murdered in 1997 while changing a tire on the side of a California highway. Cosby was embroiled in a paternity scandal around the same time. Autumn Jackson, a young woman, claimed that Cosby was her father and tried to blackmail him for $40 million, threatening to go to the tabloids if she didn’t get the money. She was charged with extortion and sentenced to 26 months in prison. (The conviction was eventually overturned and reinstated.) Cosby admitted to meeting Jackson’s mother briefly, but claimed he was not Autumn’s father.

Cosby took on new professional challenges while dealing with these difficult episodes. In 1997, he began a series of children’s picture books featuring a character named Little Bill, which later became a children’s television show. Cosby, a frequent speaker at commencement ceremonies, shared his wisdom in the 1999 film Congratulations! Now What? : A Graduate’s Guide. In American Schools: The $100 Billion Challenge, he examined the education system in depth, and in Friends of a Feather: One of Life’s Little Fables, he collaborated with his daughter Erika.

Awards and Return to TV

Cosby’s work has earned him numerous honors, including Emmy, Grammy, NAACP, and People’s Choice awards. He was also awarded the Presidential Medal of Freedom in 2002, the Bob Hope Humanitarian Award in 2003, and the Mark Twain Prize for American Humor in 2009.

Far From Finished, a new Comedy Central special starring Bill Cosby, premiered in November 2013. The production, directed by Robert Townsend, was the comedian’s first concert special in three decades.

Accusations of Sexual Misconduct

In 2014, Cosby made headlines not for his comedy, but for his alleged misconduct. He had faced numerous allegations of sexual assault over the years. Cosby did not face criminal charges, but he did settle out of court with one of his accusers in 2006 after she filed a civil suit. According to Vulture.com, comedian Hannibal Buress brought new attention to earlier allegations in 2014 when he stated that Cosby “raped women” in his routine.

Following this incident, Cosby remained silent on these allegations. More women soon came forward to claim that the comedian had also assaulted them, including model Janice Dickinson. She told Entertainment Tonight that before he raped her, Cosby gave her wine and some kind of pill. Following these allegations, both NBC and Netflix announced that they were canceling projects with Cosby, with cancellations also planned for his 2015 stand-up tour. Cosby did not directly respond to the allegations. Following a November 2014 National Public Radio interview with Cosby, a lawyer stated that the comedian “won’t dignify these allegations with any response.”

As new allegations of sexual assault surfaced in December, Cosby spoke to a reporter about the media coverage of his case. According to the New York Post, he stated, “I only expect the Black media to uphold the standards of excellence in journalism, and when you do that, you have to go in with a neutral mind.”

Camille Cosby, Cosby’s wife, also supported the comedian, issuing a statement in December in which she described her husband as “kind” and “generous” and questioned the media’s publication of accounts from women whose backgrounds had not been vetted. Nonetheless, more women came forward with allegations of sexual assault in 2015, with dozens of other accusers eventually coming forward with allegations of misconduct. Several other women, including Dickinson, sued Cosby for defamation.

After an Associated Press request, a federal judge allowed court documents from 2005 to be unsealed in early July 2015. According to testimony from Andrea Constand’s civil suit, Cosby obtained prescription quaaludes in the 1970s with the intention of giving the drugs to women before engaging in sexual activity. Due to his attorney’s objection, Cosby did not say whether he gave the drugs to the women without their knowledge during his testimony. The comedian did not immediately issue a public statement in light of the new information. Later that month, The New York Times published a report on a related deposition in which Cosby discussed meetings with various women, admitting to giving drugs as part of his interactions and sexual pursuits.

In late July 2015, New York Magazine published a multimedia cover story in which 35 women who had encounters with Cosby, some of whom were in their teens at the time, were photographed and individually interviewed. The essays contain similar details, with the majority of the women claiming that they were drugged without their knowledge or consent. Some interviewees also reported being physically assaulted.

“We must ask ourselves if the lesson we want to teach our children is that, once again, a woman’s voice and body are not valuable, precious, or valid,” model/actress Beverly Johnson, who was also featured in the New York Mag article, told People. Johnson claimed in a Vanity Fair essay that Cosby had also drugged her while she was on The Cosby Show. “I know my truth, and I hope for a society that is concerned with the protection of women, no matter what the stakes are.”

Dickinson’s team was scheduled to depose Cosby in connection with her defamation suit, but Cosby’s attorneys filed a request to postpone the deposition in late November. Then, in mid-December, in response to a group of seven women suing him in a Massachusetts court for defamation, Cosby filed a federal countersuit claiming that the plaintiffs are making “malicious, opportunistic, and false and defamatory” claims. Days later, Cosby filed a defamation suit against Johnson in response to her allegations of attempted assault.

As a result of the disturbing allegations, numerous colleges revoked Cosby’s honorary degrees. In addition, in July 2015, a statue of the comedian was removed from Disney’s MGM Hollywood Studios park.

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Arrest and Criminal Trial

Despite the fact that more than 50 women came forward with allegations that the legendary comedian and actor had sexually abused and/or drugged them, Cosby was able to defend himself. However, on December 30, 2015, a warrant for Cosby’s arrest was issued for the alleged drugging and sexual assault of Andrea Constand in January 2004, just one month before the statute of limitations for filing legal action would have expired.

On May 24, 2016, a Pennsylvania judge ruled that there was sufficient evidence to proceed with a criminal trial in the sexual assault case. Following pretrial hearings in December, the trial was set to start the following spring, with Cosby facing up to 30 years in prison on three counts of aggravated indecent assault.

Constand testified about her relationship with Cosby and her version of events in June 2017. She described the older comedian as a mentor and stated that, as a gay woman, she had no desire to be in a romantic relationship with him. During the night in question, she claims he gave her three pills to help her relax before forcing himself on her when she was “paralyzed” and unable to resist. The defense responded by pointing out some of the inconsistencies in her explanation and questioning why she continued to communicate with Cosby if her accounts of being violated were true.

Despite the fact that testimonies and closing arguments were delivered within six days, it was clear that the jury was having difficulty reaching a decision, as they requested to review evidence multiple times. The judge declared a mistrial on June 17, after the jury was deadlocked on all three counts after 52 hours of deliberation.

Following that, Cosby’s publicist declared the outcome a “total victory” and praised his client’s restored legacy. However, the prosecution team rejected that interpretation of the outcome and promised to retry Cosby.

While awaiting the retrial, Cosby gave his first public performance since May 2015 at Philadelphia’s LaRose Jazz Club in January 2018. Cosby told stories, joked about his failing eyesight, and even played drums with a band as part of a program honoring jazz musician Tony Williams, declining to discuss the sexual assault case afterward. The following month, Cosby was bereaved by the news that his daughter Ensa had died of renal disease at the age of 44.

Retrial

Cosby’s team unsuccessfully sought a 90-day delay in his retrial, which was set to begin in April 2018, after the court agreed to allow the testimony of five women who, along with Constand, had accused Cosby of assault. The defense then tried to replace Judge Steven T. O’Neill, whose wife had donated to a women’s group planning a rally in support of Constand.

The beginning of the retrial revealed that Cosby had paid his accuser $3.38 million to settle a sexual assault lawsuit she filed in 2005. Prosecuting attorney Kevin Steele told jurors in his opening statement that Constand only sued after it appeared that Cosby would not face charges for his actions, though the defense seized on that transaction as evidence that she was motivated to extract as much money as possible from her former mentor.

Model Janice Dickinson was among five additional women who testified to Cosby’s pattern of drugging and assault the day before Constand’s scheduled appearance. She recalled an incident in 1982 at Lake Tahoe in which the famous comedian gave her a pill for cramps during dinner and then climbed on her in his hotel room, leaving her unable to move. When confronted about it the next day, Dickinson said she “wanted to punch him in the face.”

Cosby’s team attempted to highlight inconsistencies in Constand’s account of events, even bringing in a former colleague who testified that they once discussed falsely accusing wealthy people of indiscretions in order to receive a payout. Constand denied ever having such a conversation.

The jury found Cosby guilty on all three counts of aggravated indecent assault on April 26, one day after deliberations began. The 80-year-old, who looked down as the verdict was read, then allegedly launched a “expletive-laden rant” at Steele after the district attorney labeled him a flight risk and requested that his bail be revoked.

Cosby’s lead attorney stated that the case would be appealed. “The verdict has left us very disappointed,” he said. “We believe Mr. Cosby is innocent of all charges.”

Cosby’s name and statue were removed from the Television Academy’s Hall of Fame as a result of the verdict, and the actor was expelled from the Academy of Motion Picture Arts and Sciences.

Cosby was sentenced to three to ten years in prison on September 25, 2018, for sexually assaulting a woman in Philadelphia in 2004. Judge O’Neill referred to Cosby as a “sexually violent predator” and stated, “It is time for justice to be served. This has all come full circle, Mr. Cosby. The moment has arrived.”

In June 2019, Cosby filed a formal appeal, arguing that the judge erred in allowing the testimony of the five women to bolster Constand’s case. Late that year, he made headlines for his first interview since being imprisoned, in which he stated that he would rather serve the entire 10-year sentence than show remorse for crimes he did not commit. The Pennsylvania Supreme Court agreed to hear the appeal in June 2020.

The Pennsylvania Supreme Court overturned Cosby’s sex assault conviction in June 2021. Cosby is set to be released from prison.

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Houses

Camille Cosby, 83, and her husband, Bill Cosby, have owned the Elkins Park estate since June 1983, a little over a year before “The Cosby Show” began airing on NBC in the fall of 1984. According to real estate records, the couple paid $225,000 for the property.

Cosby’s new home is much larger than his former prison cell. According to records, the 5,835-square-foot stone Colonial dates to 1800. It has five bedrooms and four bathrooms, along with a half-bath.

FAQs About Bill Cosby

How Much Does Bill Cosby Make in a Year?

Bill Cosby’s annual income is over $26 million.

How rich is Bill Cosby?

As per the record of media, Bill Cosby’s net worth is estimated to be around $400 Million in 2022.

How tall is Bill Cosby?

Bill Cosby is 1.83m tall.

How old is Bill Cosby?

Bill Cosby was born on July 12, 1937. He is 84 years old as of May 2022.

What is the real name of Bill Cosby?

His real name is William Henry Cosby, Jr., he is better known by his stage name Bill Cosby.

Bill Cosby Quotes

“In order to succeed, your desire for success should be greater than your fear of failure.”

— Bill Cosby

 

“Romance is a different word than sexual contact.”

— Bill Cosby

 

“I don’t know the key to success, but the key to failure is trying to please everybody.”

— Bill Cosby

 

“If I use the word romance, whether it’s my wife or not, it does not mean sex. We can use the word sex when sex is there.”

— Bill Cosby

 

“Nothing I’ve ever done has given me more joys and rewards than being a father to my children.”

— Bill Cosby

 

“Every romance does not lead to sex.”

— Bill Cosby

 

“People can be more forgiving than you can imagine. But you have to forgive yourself. Let go of what’s bitter and move on.”

— Bill Cosby

 

“You know the only people who are always sure about the proper way to raise children? Those who’ve never had any.”

— Bill Cosby

View our larger collection of the best Bill Cosby quotes.

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