Net Worth Ranker
What Is Ricky Schroder’s Net Worth?
Ricky Schroder, now known professionally as Rick Schroder, boasts a net worth of $25 million. This fortune is primarily derived from his acting career, with significant contributions from strategic real estate investments over the years. While his salary from specific acting roles isn’t publicly detailed, his consistent presence in television and film has undoubtedly been a major source of income.
Real Estate Ventures: A Significant Contributor to Ricky Schroder’s Net Worth
Rick Schroder’s real estate dealings, often conducted with his former wife Andrea, have played a substantial role in accumulating his $25 million net worth. In the early 1990s, the couple acquired a vast 15,000-acre property near Grand Junction, Colorado, which they christened Mesa Mood Ranch. This horse estate featured a 2,500-square-foot log cabin along with multiple guest houses. They initially listed this ranch for $29 million in 2005, eventually selling it in April 2006 for $27 million, marking a substantial profit from their initial investment and improvements.
In 2006, the Schroder’s also sold a home in Scottsdale, Arizona, for $4 million, further adding to their real estate gains. Scottsdale seems to have been a favored market for them, as they reportedly flipped several properties in the area. Later, in 2005, they invested $4.2 million in a 30-acre ranch estate located in Topanga, California. After holding the property for over a decade and likely making improvements, they sold it in March 2019 for $9.3 million, demonstrating a considerable return on investment.
Another notable real estate transaction involved an oceanfront home in Malibu, California. Rick and Andrea purchased this property in July 2007 for $5.85 million. Following their divorce announcement, they initially listed it for sale in 2016 at $5.5 million. Unable to secure a buyer at that price, they temporarily offered the home for rent at $30,000 per month. The Malibu property was eventually sold in July 2020 for $5.185 million.
Early Career and Acting Success: Building the Foundation of Ricky Schroder’s Net Worth
Born Richard Bartlett Schroder on April 13, 1970, in Brooklyn, New York, Rick’s early exposure to the entertainment industry began with numerous catalog appearances and over 60 advertisements by the age of six. His film debut arrived in 1979 with “The Champ,” where he played the son of Jon Voight’s character. This role catapulted him to fame and earned him a Golden Globe Award for Best New Male Star of the Year in a Motion Picture at the young age of nine. The financial rewards from “The Champ” and subsequent roles contributed significantly to his early net worth.
Following the success of “The Champ”, Schroder starred in the Disney feature film “The Last Flight of Noah’s Ark” with Elliott Gould and also starred alongside Alec Guinness as the title character “Little Lord Fauntleroy.”
His breakthrough role came with the television series “Silver Spoons” (1982-1986), where he played Ricky Stratton, the son of a wealthy millionaire. While specific salary details from “Silver Spoons” are not publicly available, the show’s popularity and his central role would have commanded a substantial income, further solidifying his financial standing. The role earned him two Young Artist Awards.
Transition to Adult Roles and Continued Earnings Contributing to Ricky Schroder’s Net Worth
As Rick Schroder transitioned from child star to adult actor, he consciously sought roles that would help him shed his youthful image. His co-starring role in the Western miniseries “Lonesome Dove” and its sequel, “Return to Lonesome Dove,” marked a turning point. These roles, along with his portrayal of Danny Sorenson on “NYPD Blue” for three seasons, nurse Paul Flowers in “Scrubs,” Dr. Dylan West on “Strong Medicine,” and Mike Doyle on “24” contributed to his net worth by keeping him in the public eye and securing consistent acting work.
In 2004, Schroder directed and starred in the music video for Brad Paisley and Alison Krauss’s song “Whiskey Lullaby.” The directorial experience garnered Schroder an award for Best Music Video at the 2005 Nashville Film Festival. At the CMT Music Awards, the video won an award for Collaborative Video of the Year, with Schroder taking home the top prize of Director of the Year. In 2009, he directed the adventure film “HellHounds.” He also guest starred in January 2011 in an episode of ABC’s “No Ordinary Family.”
Beyond acting, Rick Schroder established Ricky Schroder Productions, which has produced projects like “Starting Strong” since 2013, as well as “The Fighting Season.” In 2013, his production company produced the Hallmark movie “Our Wild Hearts,” which Schroder starred in with his daughter Cambrie. Schroder went on to produce three war documentaries: “The Fighting Season,” “My Fighting Season,” and “The Volunteers.” He spent five months in Afghanistan in close quarters with the U.S. Army in order to capture the raw footage. While specific financial details regarding the success and revenue generated by these projects are not publicly disclosed, his role as a producer and director has further diversified his income streams.
Personal Life and Investments: Further Information on Factors Impacting Ricky Schroder’s Net Worth
Rick Schroder married interior designer Andrea Bernard in 1992, and they have four children. The couple’s divorce in 2016 likely involved a division of assets, potentially impacting Rick’s net worth. While the specific details of the divorce settlement are private, it is reasonable to assume that real estate holdings and other assets were divided.
In April 2019, Schroder was arrested twice for suspicion of domestic violence and was held for $50,000 bail. The woman involved in these incidents was not identified in news reports and Rick was not prosecuted for either allegation. In November 2020, it was revealed that Schroder was a top contributor to the $2 million bail fund for Kyle Rittenhouse, a 17-year-old charged in the murders of Joseph Rosenbaum and Anthony Huber during a protest in Kenosha, Wisconsin, in August 2020 following the shooting of Jacob Blake.
