Norman Lear Net Worth 2022 – Wife, Income, House, Car

With income from his acting career and television production, Norman Lear has amassed a net worth of $200 million as of 2022.

Norman Milton Lear is an American writer, producer and political activist best known for creating groundbreaking sitcoms such as “All in the Family,” “Maude,” “One Day at a Time,” “Good Times,” “The Jeffersons” and “Sanford and Son.” At various times, Lear co-owned Tandem Productions, T.A.T. Communications, Avco Embassy Pictures and Embassy Communications, Inc. 

He later founded Act III Communications, which produced such films as “The Sure Thing” and “The Princess Bride.” Today, he is the chairman of that company. Lear described himself as “liberal” and founded a group advocating progressive causes called People for the American Way. 

He also supports the First Amendment, remained a silent partner in “The Nation” magazine, and was a member of the “Malibu Mafia.” In his long career he worked on more than seventy projects. He received numerous awards and honors, including the National Medal of Arts. He was also one of the first seven people to be inducted into the Television Academy Hall of Fame.

Today we’re going to discuss how much money Norman Lear has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Norman Lear. So be sure to read to the end.

Norman Lear Net Worth 2022

Norman Lear has an estimated net worth of $200 million in 2022. He is a successful American television writer and producer. He earns over 5 million a year. 

In 1982, Jerry Perenchio and Norman Lear bought the company Avco Embassy Pictures. In 1985, they sold it to Columbia Pictures for stock in the Coca-Cola Company worth $485 million. Before taxes and accounting for inflation, Norman and Lear each received the equivalent of $600 million from the sale.

After 28 years of marriage, Norman and his second wife, Frances, filed for divorce in 1985. Norman had to pay Francis a divorce settlement of $112 million, which would be equivalent to about $270 million today. This was the highest sum ever paid in a divorce settlement.

To calculate the net worth of Norman Lear, 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: Norman Lear
Net Worth: $200 Million
Monthly Salary: $300,000
Annual Income: $5 Million
Source of Wealth: Screenwriter, Film Producer, Television producer, Television Director, Actor, Political activist

Norman Lear Net Worth Last 5 Years

Net Worth 2022: $200 Million
Net Worth 2021: $180 Million
Net Worth 2020: $150 Million
Net Worth 2019: $120 Million
Net Worth 2018: $100 Million

How Did Norman Lear Build His Net Worth?

Norman Lear has an estimated net worth of $200 million as of 2022. He earned most of his income from film and television production. 

Norman Lear developed some of the most popular sitcoms of the 1970s, including “All in the Family,” “Sanford and Son,” “One Day at a Time,” and “Good Times.”

Below, let’s take a deeper look at how Norman Lear built his net worth in detail.

How Much Money Does Norman Lear Make From Comedy Sketches?

After World War II, Norman Lear went into public relations because his uncle Jack had done so. He later moved to California where, as fate would have it, he teamed up with his brother-in-law Ed Simmons, an aspiring comedy writer and the husband of Lear’s first cousin Elaine. Together, they began writing comedy sketches for TV shows like Martin and Lewis, Rowan and Martin and others, while selling furniture door-to-door.

In the 1950s, they wrote comedy sketches for shows like Rowan and Martin and Martin and Lewis. In 1953, Norman and Ed earned a record-breaking $52,000 to write for three Martin and Lewis comedy specials, the equivalent of $500,000 today.

Lewis hired Lear and Simmons to help him and Martin improve their work, and by 1950 Lear and Simmons were writing most of their work. In the 1950s, Lear and Simmons wrote much of the material the American comedy duo used on NBC’s “Colgate Comedy Hour.”

How Much Money Does Norman Lear Make From Movies and Television Production?

The NBC comedy show “The Martha Raye Show” was produced by Lear. He wrote the opening monologues for “The Tennessee Ernie Ford Show” on NBC (1956-61). Lear collaborated with Roland Kibbee to produce his first TV show, “The Deputy,” which ran from 1959 to 1961 and starred Henry Fonda.

In 1958, Norman Lear and Bud Yorkin formed a company called Tandem Productions to produce films and TV shows. Lear and talent agent Jerry Perenchio formed T.A.T. Communications in the latter half of 1974. Based on “The Third Wave,” TAT made the 1981 film “The Wave” (TV ). It won the Peabody Award, the Young Artist Award and the Emmy Award (1982). In 1975, Lear and Yorkin separated.

The American satirical comedy “Divorce American Style” (1967) starring Dick Van Dyke was directed by Lear. He also wrote the screenplay for the film. Lear was nominated for an Academy Award for Best Original Screenplay for it. Lear also directed and produced the satirical comedy Cold Turkey (1971), starring Dick Van Dyke, and also wrote the screenplay.

A report in Variety magazine about the successful British sitcom “Till Death Do Us Part” gave Lear the idea to make a show in which he could talk about his own family and his father.

The first two pilots, “Justice for All” and “Those Were the Days,” were filmed in 1968 and 1969, but ABC subsequently rejected the series. After ABC taped the third pilot, CBS bought the rights to the show and changed the name to “All in the Family.”

The series, created by Lear and Yorkin, first aired on January 12, 1971. After a lacklustre first season, it slowly gained popularity and became the most-watched show in the U.S. on April 8, 1979.

For five consecutive years, it ranked number one on the Nielsen ratings list, and Lear was nominated for two Primetime Emmy Awards for it. The spin-off series “Archie Bunker’s Place” continued the series for four seasons, from September 23, 1979 to April 4, 1983, running on CBS.TV Lear’s career reached new heights with successful sitcoms such as “Sanford and Son” (1972-1977), “Maude” (1972-1988), “Good Times” (1974-1989), “The Jeffersons” (1975-1985) and “One Day at a Time” (1975-1984), as well as the spin-off, which began airing in 2017.

Most of his sitcoms were about families dealing with important political and social issues of the time, and most of them were shot on videotape rather than film. In 1977, Lear was awarded the Humanist Arts Award by the American Humanist Association.

On May 4, 1986, Tandem Productions ceased operations. That year, Lear formed Act III Communications with Tom McGrath as president. The multi-media holding company produced such films as “The Sure Thing,” “Stand By Me,” “Fried Green Tomatoes,” and “The Princess Bride,” all of which are well known.

Shows such as “Sunday Dinner” (1991), “The Powers That Be” (1992-1993), “704 Hauser” (1994) and “Channel Umptee-3” were produced after Lear’s death (1997-98). As of May 1, 2017, Lear hosts a podcast called “All of the Above with Norman Lear.”

How Much Money Does Norman Lear Make From Embassy Pictures and Coca Cola Sale?

In January 1982, Norman Lear and Perenchio bought out Avco Embassy Pictures and merged it with T.A.T. Communications Company to form Embassy Communications, Inc. On June 18, 1985, the two sold Embassy Communications to Columbia Pictures for $485 million worth of Coca-Cola Company stock. Before taxes and accounting for inflation, Norman and Lear each received the equivalent of $600 million from the sale.

How Much Money Does Norman Lear Make From Investment?

In 2001, Lear and his wife spent $8.1 million to purchase one of the first copies of the U.S. Declaration of Independence. In the years that followed, Lear took the document on a planned trip around the country. He took it to presidential libraries, museums, the Winter Olympics and the Super Bowl.

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What Awards Did Norman Lear Receive?

Lear was one of the first seven people inducted into the Television Academy Hall of Fame. This occurred in 1984.

The National Medal of Arts was awarded to Norman Lear by President Bill Clinton in 1999. Both Lear and Yorkin were honored with the Women in Film Lucy Award that same year. 

Located at 6615 Hollywood Boulevard, Lear’s star is on the Hollywood Walk of Fame. He also received the Woody Guthrie Award, the Kennedy Center Honors and the Britannia Award for Excellence in Television in 2017. (2019).

Divorce Settlement Paid By Norman Lear

After 28 years of marriage, Norman and his second wife, Frances, filed for divorce in 1985. Norman had to pay Francis a divorce settlement of $112 million, which would be equivalent to about $270 million today. 

This was the highest amount ever paid in a divorce settlement. Frances then used $30 million (about $70 million adjusted for inflation) from her settlement to start a magazine for women over 45 called Lear’s. Within six years, the magazine was gone.

How Much Are Norman Lear’s Cars Worth?

Since Norman Lear is rich, he owns some luxurious cars. Let’s take a look at his car collection.

Norman Lear Car Collection Price (USD)
BMW 3-Series Convertible $59,800
Audi A7 $88,900
Range Rover $135,670

1. BMW 3-Series Convertible ($59,800)

The 3 Series has a new, improved design with the brand’s latest technology and more refined luxury. It features a 255-horsepower turbocharged four-cylinder and a 385-horsepower turbocharged six-cylinder, as well as a new plug-in hybrid model with rear-wheel or all-wheel drive and an eight-speed automatic transmission.

2. Audi A7 ($88,900)

The Audi A7 is between the Audi A6, which is a great luxury car with a sporty feel, and the Audi A8, which is the most luxurious Audi you can buy. The Audi A7 looks and drives well, and its hatchback design makes it much more practical.

3. Range Rover ($135,670)

This SVA is a full-fledged Range Rover, and it is also the most expensive Range Rover produced. Range is mostly used by famous personalities, businessmen and other wealthy people. Autobiography is all about being well off and living in a very nice place. The SVA is powered by a 4999 cc supercharge eight-cylinder engine that makes 557 HP. The Range Rover also features a long wheelbase that makes the rear seats even more comfortable and gives passengers more legroom.

What Houses Does Norman Lear Own?

Norman and his third wife, Lyn, spent $6.5 million on a large mansion in the Los Angeles neighborhood of Brentwood in 1995. The 8-acre property has a 14,000-square-foot main house, a guest house, a pool, a gym, a spa, tennis courts, security offices and a 35-car garage. In 2015, he put the home on the market for $55 million. In November 2019, he put the house on the market again. This time, he asked just under $40 million for it.

Norman and Lyn also own a two-bedroom apartment near Central Park in New York City. In 2008, they paid $10.2 million for it.

How Much Money Did Norman Lear Donate?

People for the American Way was founded by Lear in the U.S. in 1980 to counter the Christian Right agenda of 1979, when he founded Moral Majority. He makes no secret of his desire to grow secularism and his disagreement with conservative and Christian ideas.

In March 1982, Lear filmed the two-hour TV special “I Love Liberty,” which promoted liberal politics. He wrote about the production of the four-day special “Liberty Weekend” in his book Even This I Get to Experience (1986). He supported the First Amendment and liberal causes without hiding it. He was a silent partner in “The Nation” magazine and a member of the “Malibu Mafia,” a group that gave money to liberal and progressive causes and politicians.

In 1989, he founded a company called the Business Enterprise Trust, which lasted until 1998. BET honored some of the best social innovations, acts of courage and honest business practices in the United States. The Norman Lear Center at the USC Annenberg School for Communication is a place for research and public policy. In 2000, Lear made a gift to the center named after him.

He serves on the National Advisory Board of the Young Storytellers Foundation and writes for the “Huffington Post. He was formerly a trustee of the Paley Center for Media, a cultural center in the United States.

In 2001, he and his wife, Lyn, paid $8.1 million for one of the first copies of the Declaration of Independence to be printed. During the decade that the Declaration of Independence was made available to the American people, Lear created the Declaration of Independence Road Trip, which took the document to all 50 states. It was displayed at the Live 8 concert in Philadelphia, the 2002 Olympics, Super Bowl XXXVI, and several museums and presidential libraries, among others.

In 2004, Lear launched a national, nonprofit, nonpartisan campaign called Declare Yourself. More than four million young people registered to vote for the first time in the 2004, 2006, and 2008 elections as a result of this campaign. BornAgainAmerican.org first played “Declare Yourself” at the 2009 presidential inauguration.

Lear’s writings include “Liberty and Its Responsibilities,” “Our Political Leaders Mustn’t Be Evangelists,” “Our Fragile Tower of Greed and Debt,” “A Debate on Religious Freedom” with Ronald Reagan and “Even This I Get to Experience.”

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Norman Lear’s Personal Life and Wife

Norman Milton Lear was born on July 27, 1922, in New Haven, Connecticut, USA. His parents were a traveling salesman named Hyman “Herman” Lear and his wife Jeanette, whose maiden name was Seicol. He grew up in a Jewish family in Connecticut and had a bar mitzvah. Claire Lear Brown was his younger sister.

When Lear was nine years old, he watched his father go to jail for selling counterfeit bonds. He called his father a “crook” and later said that Archie and Edith Bunker from the series “All in the Family” ( TV ) were based in part on his parents. 

Lear, who was only nine years old at the time, also heard anti-Semitic remarks made by radio priest Father Charles Coughlin. Lear later said that these remarks made him want to fight for the Jews for the rest of his life.

Lear graduated from high school in Hartford, Connecticut, from Weaver High School in 1940. He then attended Emerson College in Boston, but dropped out in 1942 to join the U.S. Army Air Forces. Lear joined the United States Army in September of that year.

During World War II Norman Lear joined the 772nd Bombardment Squadron and served as a radio operator and gunner on Boeing B-17 Flying Fortress bombers in the Mediterranean Theater of Operations. He flew 52 combat missions and was awarded the Air Medal with four Oak Leaf Clusters. He was discharged from the service in 1945.

From 1943 to 1956, Lear was married to Charlotte Rosen. Their daughter Ellen Lear, a sex therapist, was born in 1947.

Between 1956 and 1986, he was married to Frances Loeb. Frances reportedly received one of the highest divorce settlements ever, totaling $112 million. In 1958 and 1959, daughters Kate Breckir LaPook and Maggie Beth Lear were born. Kate is a leading entrepreneur, and Jonathan LaPook is a medical correspondent for CBS News. Zoe and Griffin Katz are the grandchildren of Lear and Frances.

Lear has been married to Lyn Davis since 1987. “Even This I Get to Experience” states that their son Benjamin Davis Lear was born July 10, 1988. Madeline Rose Lear and Brianna Elizabeth Lear, twins, were born in 1994.

Katey Sagal, an American singer, and actress, has Lear as her godfather.

How Much Does Norman Lear Make a Year?

According to some reports, Norman Lear’s annual income is over $5 million. 

FAQs About Norman Lear

How rich is Norman Lear?

As per the record of media, Norman Lear’s net worth is estimated to be around $200 Million in 2022.

How tall is Norman Lear?

Norman Lear is 1.7 m tall.

How old is Norman Lear?

Norman Lear was born on July 27, 1922. He is 99 years old as of May 2022.

Was Norman Lear married?

Lear has been married three times. He was married to Frances Loeb, publisher of Lear’s magazine from 1956 to 1985. Their marriage ended in divorce in 1983.

How many children does Norman Lear have and what are their ages?

With his second marriage to Frances, he had Kate (born 1957) and Maggie (born 1959). He and his wife Lyn have three children – Ben (born in 1988) and twins Madeline and Brianna (born in 1984).

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Norman Lear Quotes

Life is about having a good time, and it was a good time. We did some things well and some things poorly, but that was always the case.

Norman Lear

 

Life is made up of small pleasures. Happiness is made up of those tiny successes. The big ones come too infrequently. And if you don’t collect all these tiny successes, the big ones don’t really mean anything.

Norman Lear

 

Life goes on pretty much the same way. I’ve been working on a couple of films on the side. You may see some more. You may even see another television show.

Norman Lear

 

There was no real controversy with All In The Family. That came from the people on the business end.

Norman Lear

 

In the area we’re discussing, leadership begins on Madison Avenue, on the desks and in the offices of people who spend hundreds of millions of dollars buying what will get them ratings.

Norman Lear

 

I think the greater responsibility, in terms of morality, is where leadership begins.

Norman Lear

 

In this nation, leadership is dollars.

Norman Lear

View our larger collection of the best Norman Lear quotes.

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How To Become Rich Like Norman Lear?

Norman Lear did not become rich by luck. To become as rich as Norman Lear, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Norman Lear one day.

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