Net Worth Ranker
What Is Ted McGinley’s Net Worth?
Ted McGinley, an American actor known for his roles in various television shows and films, has accumulated a net worth of $5 million. This wealth stems from his extensive career in the entertainment industry, spanning several decades.
Career and Earnings
McGinley’s career began with modeling, which provided him with initial exposure and opportunities in the entertainment world. He then transitioned to acting, landing his first major role as Roger Phillips on the popular television series “Happy Days” from 1980 to 1984. While specific salary details from his “Happy Days” role are not publicly available, this role marked a significant step in his acting career, offering valuable experience and industry recognition. His role in “Happy Days” also brought him roles in movies like “Young Doctors in Love.”
Following “Happy Days,” McGinley secured a role in the comedy film “Revenge of the Nerds” in 1984, playing the character Stan Gable. The movie grossed $60.4 million against a budget of $7 million, although critical reception was mixed. The success of “Revenge of the Nerds” led to McGinley reprising his role in sequels, further contributing to his income and visibility. Specifically, he came back in the third and fourth films in the franchise, both of which were made for television.
McGinley’s television career continued to flourish with roles in “The Love Boat” from 1984 to 1986, where he played Ship’s Photographer Ace Evans. In the 1990s, McGinley joined the cast of “Married… with Children” as Jefferson D’Arcy, a role he played from 1989 to 1997. Detailed salary figures for his roles in “The Love Boat” and “Married… with Children” are not publicly disclosed, but these long-term roles undoubtedly contributed significantly to his overall earnings. During this period, he also took on recurring roles in TV series like “Sports Night” and “The West Wing.”
In 1993, he was cast in “Wayne’s World 2.” Throughout the 2000s, McGinley appeared in series such as “Charlie Lawrence”, “Dream On,” “The John Larroquette Show,” “The Practice,” and “Justice League.”
More recently, since 2023, McGinley has co-starred in the Apple TV+ series “Shrinking”. Again, the specific amount that he earns from the show is not public knowledge.
Real Estate Holdings
McGinley’s real estate portfolio includes a property on Balboa Island in Newport Beach, California, which he purchased in 1986 for $360,000. The 1,800-square-foot home is currently estimated to be worth $4 million. In recent years, McGinley has primarily rented out this property, typically for around $5,000 per month. This rental income contributes to his overall financial standing.
In addition to the Balboa Island property, McGinley owns a home in Indian Wells, California. He acquired this property around 1980 for $47,000. This property, which serves as his primary residence, is currently valued at approximately $600,000. The appreciation in value of both properties over time has added to McGinley’s net worth.
Personal Life
Ted McGinley has been married to actress Gigi Rice since 1991. There is no information available regarding Gigi Rice’s net worth. It is important to note that financial details specific to his personal life, such as investments, partnerships, or additional income sources, are not publicly accessible.
Early Life and Education
Theodore Martin McGinley was born on May 30, 1958, in Newport Beach, California. During his high school years, he was an athlete and water polo player, and he also worked as a lifeguard during the summers. McGinley attended USC on a water polo scholarship, majoring in urban planning and real estate. He was the captain and MVP of the water polo team. Later, he started modeling, which led to him leaving USC when his scholarship was not renewed. The precise details of his modeling income during his early career are unavailable, but modeling served as a stepping stone to his acting career.
Net Worth Calculation and Summary
Ted McGinley’s $5 million net worth is primarily derived from his successful acting career, spanning television and film roles. While specific salary details for many of his roles are not publicly available, his consistent work in the entertainment industry has been the main factor in his financial success. In addition, his real estate investments in Newport Beach and Indian Wells have contributed to his overall net worth. The Balboa Island property, purchased for $360,000 and now valued at $4 million, showcases a substantial increase in value over time. The Indian Wells residence, bought for $47,000 and currently worth $600,000, also reflects a significant appreciation in value.
McGinley’s net worth is a combination of his earnings from acting, his real estate holdings, and potentially other investments or assets that are not publicly disclosed. His career longevity and strategic real estate investments have contributed to his financial stability and overall net worth of $5 million.
His extensive work in television, including long-term roles in series such as “Happy Days,” “The Love Boat,” and “Married… with Children,” has provided a steady income stream over several decades. His role in “Revenge of the Nerds” and its sequels added to his film credits and earnings. While detailed financial information about specific contracts and endorsements is not available, McGinley’s consistent presence in the entertainment industry has solidified his financial standing. In summary, Ted McGinley’s $5 million net worth is a result of his successful and enduring career as an actor, supplemented by strategic real estate investments, reflecting his accomplishments in the entertainment industry and sound financial decisions.
