Connie Chung Net Worth
Connie Chung has an estimated net worth of $80 million. Connie Chung was the first woman to co-anchor CBS Evening News, as well as the first Asian person and the second woman to anchor one of America’s major network newscasts. She earns most of her income from her career as a newscaster.
Connie Chung, an American journalist and news anchor, was the first woman to co-anchor CBS Evening News, as well as the first Asian and second woman to anchor one of the country’s major network newscasts. The Emmy and Peabody awardee has previously worked for CBS, ABC, NBC, and CNN. Maury Povich, a talk show host, is Chung’s husband.
To calculate the net worth of Connie Chung, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$80 Million|
|Monthly Income:||$1 Million|
|Annual Salary:||$15 Million|
|Source of Wealth:||Journalist, Newscaster, Actor, Television producer|
Chung was born on August 20, 1946, in Washington, D.C., and was raised as one of five surviving daughters of a Chinese diplomat. Chung earned her journalism degree from the University of Maryland in 1969 and began her career at Washington’s WTTG-TV, eventually rising to the position of reporter. She was hired as a Washington-based correspondent by CBS News two years later. During the Watergate scandal, Chung landed her first big interview: an exclusive sit-down with President Richard Nixon.
Chung worked and lived in Los Angeles as the lead news anchor for local CBS affiliate KCBS from 1976 to 1983. Chung began dating Maury Povich, a talk show host and old friend from their days as coworkers at WTTG, in Los Angeles. In 1984, after seven years of dating, the couple married. “She called me up one day in the autumn of 1984 and said we could get married now,” Povich recalled. “When asked why, she calmly replied, ‘Because I found a dress.'” The newlyweds’ careers would not allow them to live together in the same city for another 18 months. They moved to New York in 1986.
‘Face to Face With Connie Chung’
Chung joined NBC in 1983. She had become one of the most popular journalists in television news by the time her contract was up for renewal in 1989. Chung agreed to a three-year contract with CBS after a heated bidding war. Face to Face With Connie Chung was her new show, which mixed hard news with celebrity-friendly feature interviews. The show was well-liked by viewers, but many media critics questioned whether Chung prioritized entertainment over information. The New York Times, for example, posed the following question: “The question is, is this show news? And, if so, what kind of news is it?”
Chung left the program just months after starting, stating that she was leaving her demanding work schedule to focus on having a baby. “Time is running out for me in terms of childbearing,” Chung, then 44, said. Her attempts to conceive a child were futile. In June 1995, Povich and Chung adopted a son, Matthew.
Chung was named co-anchor of CBS’s nightly news broadcast alongside longtime anchor Dan Rather in June 1993, to much fanfare. Chung was only the second woman (after Barbara Walters) to sit in one of the network’s main anchor chairs. At the same time, she launched Eye to Eye with Connie Chung, a newsmagazine. The program, like its predecessor, Face to Face with Connie Chung, mixed coverage of serious news, such as the Israeli/Palestinian peace accords, with soft, pop-culture stories.
Chung got into trouble in 1995 when she forced Kathleen Gingrich, the 68-year-old mother of then-House Speaker Newt Gingrich, to admit that her son had called US First Lady Hillary Clinton a “bitch.” After Chung said, “Why don’t you just whisper it to me, just between you and me?” the elder Gingrich made the remark. Though Chung stated that she was clearly playing, many viewers believed she had entrapped Gingrich.
Concerns about Chung’s interviewing style, as well as Rather’s reported resentment at sharing the anchor role, doomed the Chung-Rather on-air partnership. In May 1995, CBS informed Chung that she would be relieved of her co-anchor duties and given the weekend and substitute anchor positions. Chung declined, instead requesting that her contract be terminated.
Chung and Povich tried unsuccessfully to launch their own news program before joining ABC News in December 1997 as anchors of the Friday night newsmagazine 20/20. She got the first interview with Congressman Gary Condit on 20/20 following the disappearance of intern Chandra Levy in 2001.
In 2002, she joined CNN to host a new show alongside Fox News Channel pundit Bill O’Reilly. The show struggled (CNN founder Ted Turner described it as “just awful”), and she was abruptly dropped by CNN in March 2003. Chung, who was “very shocked and extremely disappointed,” took a break from television and stayed at home to raise her son.
In 2006, she returned to television with her husband on Weekends With Maury & Connie, a Saturday morning show. After six lackluster months, the show was quietly canceled, but it was difficult to ignore the viral video clip of Chung wearing a slinky white gown and warbling a parody song with lyrics like, “Thanks for the memories/ We came to do a show/ For very little dough/ By little I mean/ I could make more working on skid row.” Chung later clarified that the entire thing was a joke intended to mock the show’s cancellation. “All I care about is that viewers understood it was a massive self-parody,” Chung said. “Anyone who took it seriously needs to get a life.”
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