Dan Rather Net Worth 2022 – Salary, Income, Earnings

Dan Rather Net Worth 

Dan Rather has an estimated net worth of $70 million. American journalist Dan Rather is best known for his 24-year tenure as anchor of ‘CBS Evening News.’ He earns most of his income from his career as a journalist and national news anchor. 

Dan Rather got his start in journalism while attending Sam Houston State Teachers College. He rose through the ranks of CBS News in the 1960s and 1970s, eventually succeeding Walter Cronkite as anchor of CBS Evening News in 1981. Rather also hosted 48 Hours and 60 Minutes II before leaving CBS in 2004 after airing a controversial report about President George W. Bush. Following that, Rather joined mogul Mark Cuban’s network and founded a production company.

To calculate the net worth of Dan Rather, 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 personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Dan Rather
Net Worth: $70 Million
Monthly Salary: $1 Million
Annual Income: $15 Million
Source of Wealth: Journalist, Television producer, Writer, Presenter, Editor, Screenwriter, Film Producer, Actor

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Childhood and Journalistic Beginnings

Daniel Irvin Rather Jr. was born in Wharton, Texas, on October 31, 1931, and grew up in a working-class neighborhood of Houston. Daniel Sr., his father, was an oil pipeliner, and Veda, his mother, worked part-time as a waitress and seamstress. Despite the fact that neither of his parents had attended college, and his father had never completed high school, his family instilled in Rather and his two younger siblings the value of hard work.

His parents’ voracious reading habits, as well as a bout of rheumatic fever that left him bedridden for much of a three-year period, sparked Rather’s interest in journalism. To pass the time while unable to move, he listened to radio broadcasts, developing an interest in the reports delivered by war correspondents such as Eric Sevareid and Edward R. Murrow. Rather had decided to become a newspaper journalist by the time he was a teenager.

Rather attended Sam Houston State Teachers College in Huntsville, Texas after graduating from John H. Reagan High School in 1950. He worked as a reporter for the Associated Press, United Press International, and KSAM Radio while there, as well as editing the school newspaper, the Houstonian. He received his bachelor’s degree in journalism in 1953.

Early Professional Career

After college, Rather taught journalism and enlisted in the United States Marine Corps, but was discharged for medical reasons. He got a job with the Houston Chronicle in 1954, and he quickly found a home with the Chronicle’s radio station, KTRH. By 1956, he had advanced to the position of news director, and in 1959, he made the transition to television as a reporter for KTRK.

In 1961, Rather was named news director for KHOU, the CBS affiliate in Houston. His coverage of Hurricane Carla that fall piqued the interest of network executives, and the following year he was named chief of the CBS News Southwest Bureau in Dallas. In 1963, he took over as chief of the Southern Bureau, putting him in position to be the first journalist to report President John F. Kennedy’s assassination. Rather’s demeanor and reporting style throughout the tragedy drew the attention of network executives, who promoted him to White House correspondent in 1964.

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Leading News Anchor at CBS

After serving in Vietnam, Rather returned to the White House beat in 1966. He rose to national prominence as a result of his coverage of issues such as the Civil Rights Movement and Watergate, and he was chosen to anchor the documentary series CBS Reports in 1974. The following year, he added another impressive entry to his resume by becoming a correspondent for the newsmagazine 60 Minutes.

Rather eventually won the race to replace Cronkite as anchor and managing editor of CBS Evening News, and made his debut on March 9, 1981. To distinguish himself from his legendary predecessor, he became known for his folksy “Ratherisms,” as well as his willingness to travel internationally to cover international events.

His tenure as the network’s top news anchor was not without controversy. In 1987, he walked off the set after CBS delayed a broadcast to cover the US Open tennis tournament. His contentious interview with Vice President George H.W. Bush the following year drew accusations of bias from right-wing supporters.

But Rather was also a tenacious and tireless journalist, earning the title of “hardest working man in broadcast journalism.” He was a founding member of the news program 48 Hours in 1988, and he hosted 60 Minutes II beginning in 1999. He also hosted the radio show Dan Rather Reporting and authored several books.

Rather’s efforts frequently put him ahead of the “Big Three” network anchors, Tom Brokaw and Peter Jennings. He conducted interviews with Iraqi leader Saddam Hussein in 1990 and 2003, and he was the first to meet with President Bill Clinton after the impeachment hearings concluded in 1999. Following the terrorist attacks of September 11, 2001, Rather was on the air for approximately 53 1/2 hours in less than four days.

Resigning From CBS

In early 2004, Rather demonstrated that he was still at the top of his game by breaking the story of inmate abuse at Iraq’s Abu Ghraib prison. However, his reputation as one of television’s top journalists was shattered a few months later, when he aired a 60 Minutes II segment accusing President George W. Bush of receiving preferential treatment while in the National Guard. The premise was revealed to be based on unverifiable documents, and an independent investigation determined that Rather and his team had violated “fundamental journalistic principles.” Rather apologized on air, but the damage was done; he resigned as CBS Evening News anchor on March 9, 2005, 24 years to the day after taking over for Cronkite.

Rather sued CBS for $70 in September 2007, claiming he had become the network’s scapegoat in order to “pacify the White House” amid the controversy over Bush’s military record. However, the case was dismissed by the New York state appeals court two years later.

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Later Career

Rather remained a CBS News correspondent for 60 Minutes before leaving the network permanently in June 2006. He sued CBS, its parent company, Viacom, and three executives the following year over his departure from CBS Evening News. In September 2009, the case was finally dismissed.

Meanwhile, the veteran journalist kept himself busy. He debuted the newsmagazine Dan Rather Reports for Mark Cuban’s HDNet cable network (later rebranded AXS TV) in November 2006, which aired until 2013. He debuted a new show, The Big Interview, in 2012. Three years later, Rather founded News & Guts, an independent production company, and began contributing to the website Mashable. Soon after, the story of his dismissal from CBS Evening News was adapted for the big screen in Truth (2015), starring Robert Redford as the newsman. Dan Rather’s America, his Sirius XM one-hour show, premiered in the fall of 2016.

Dan Rather Books

Rather has written a number of books throughout his journalistic career:

  • The Palace Guard, with Gary Gates (1977)
  • The Camera Never Blinks: Adventures of a TV Journalist, with Mickey Hershkowitz (1977)
  • I Remember, with Peter Wyden (1991)
  • The Camera Never Blinks Twice: The Further Adventures of a Television Journalist, with Mickey Hershkowitz (1994).
  • Deadlines and Datelines: Essays at the Turn of the Century (1999).
  • Rather Outspoken: My Life in the News, with Digby Diehl (2013).
  • What Unites Us: Reflections on Patriotism, with Elliot Kirschner, (2017). 

Rather on Trump

Rather is known for being quite critical of President Donald Trump, which has given him a new lease on the spotlight. Since Trump’s inauguration, Rather has appeared regularly in the media. In November 2017, he said on MSNBC’s “Morning Joe” that the Trump era was “a dangerous time for the country,” but that he believed democracy would be strengthened as a result.

In December 2017, Rather also sat down with Conan O’Brien and made remarks about the Trump presidency and its attacks on the media, saying, “It’s important to remember that this is not normal.”

He added, “We have had presidents who did not like the press, but we have never had one who has constantly, from his own mouth, waged such a relentless campaign against the press … There is a campaign to convince people, especially young people, that this is how presidencies are run. That’s not true.”

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Facebook

Rather has also attracted a lot of attention for his use of social media in his protest against Trump. Among his numerous viral posts, he drew flak in August 2016 when then-presidential candidate Trump suggested that Americans with guns could prevent Hillary Clinton from appointing anti-gun judges if she became president.

“When he suggested that ‘The Second Amendment People’ can stop Hillary Clinton, he crossed a line with dangerous potential,” Rather wrote on his site, FB. “By any objective analysis, this is a new low and unprecedented in the history of American presidential politics. This is no longer about politics, civility, decorum or even temperament. It is a direct threat of violence against a political rival. Not only does this violate the norms of American politics, but it raises the serious question of whether this is against the law. If another citizen had said this about a presidential candidate, would the Secret Service be investigating?”

When President Trump fired the director of FBI, James Comey, in May 2017, Rather wrote a scathing critique:

“I have seen weeks of far greater darkness, war, death, and economic despair. I have seen weeks of more confusion and uncertainty,” he wrote. “But I have never seen a week in which a president of our nation has so recklessly disregarded the norms and institutions of our democracy. And it looks like the investigation is now expanding to include Trump’s business dealings. The comparisons to Richard Nixon are numerous these days, but even he did not seem to stray that far from our basic governance. And I have never seen so many members of a political party rally around incompetence, intemperance and bullshit.”

Awards and Personal Life

Rather has been honored with numerous Emmy and Peabody Awards for his journalism work, as well as the 2012 Edward R. Murrow Award for Lifetime Achievement. He and his wife, Jean, split their time between their homes in New York City and Austin, Texas. They have two children, daughter Robin and son Danjack.

Further Reading

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