Net Worth Ranker
What Is Rick Schroder’s Net Worth?
Rick Schroder, also known as Rick, boasts a net worth of $25 million. This substantial wealth has been accumulated through a multifaceted career encompassing acting, film direction, and real estate ventures. While his on-screen roles have undoubtedly contributed to his financial standing, his strategic involvement in real estate has significantly augmented his net worth. Details of his real estate transactions reveal shrewd investment decisions and profitable ventures.
Real Estate Ventures and Holdings
Rick Schroder’s real estate portfolio reflects a keen eye for lucrative opportunities. Partnering with his former wife, Andrea, he engaged in numerous property transactions, demonstrating a knack for flipping high-value estates. In the early 1990s, the couple acquired a sprawling 15,000-acre property near Grand Junction, Colorado. This estate, christened Mesa Mood Ranch, was meticulously developed into an impressive horse ranch featuring a 2,500-square-foot log cabin and several guest houses. The property was initially listed for $29 million in 2005, eventually selling for $27 million in April 2006. This sale showcases Schroder’s ability to identify and capitalize on real estate potential.
Further demonstrating their real estate acumen, Rick and Andrea sold a residence in Scottsdale, Arizona, for $4 million in 2006. Their success in Scottsdale extended beyond a single transaction, as they flipped multiple homes in the area, generating significant profits. In 2005, the couple expanded their portfolio with the purchase of a 30-acre ranch estate in Topanga, California, for $4.2 million. This property underwent significant appreciation, ultimately selling for $9.3 million in March 2019. The Topanga property, a testament to their renovation skills, showcased Schroder’s ability to enhance property value and secure substantial returns on investment.
In July 2007, Rick and Andrea acquired an oceanfront home in Malibu for $5.85 million, solidifying their presence in the upscale California real estate market. Following their divorce, the property was initially listed for sale in 2016 for $5.5 million, before being offered as a rental for $30,000 per month. The Malibu home eventually sold in July 2020 for $5.185 million. These transactions collectively illustrate Rick Schroder’s strategic involvement in real estate, highlighting his ability to identify, develop, and capitalize on property opportunities, thereby contributing significantly to his overall net worth.
Early Life and Career Beginnings
Richard Bartlett Schroder, born on April 13, 1970, in Brooklyn, New York City, spent his formative years on Staten Island. His parents, Diane Katherine Bartlett and Richard John Schroder, were both employed by AT&T. Even as a young child, Rick entered the world of entertainment, appearing in numerous catalogs. By the age of six, he had already accumulated experience in over 60 advertisements. This early exposure laid the foundation for his subsequent acting career. Schroder made his film debut in the 1979 remake of “The Champ,” portraying the son of Jon Voight’s character. His performance earned him the Golden Globe Award for Best New Male Star of the Year in a Motion Picture at the age of nine. This prestigious recognition catapulted him into the limelight, paving the way for future opportunities and contributing to his growing net worth.
Following his early success, Schroder’s parents made the decision to withdraw him from school in the third grade to allow him to concentrate on his acting career. He relocated to Los Angeles with his mother, while his father remained in New York City to continue his work at AT&T. A year later, Schroder appeared in the Disney feature film “The Last Flight of Noah’s Ark” alongside Elliott Gould. He also starred as the title character in “Little Lord Fauntleroy,” alongside Alec Guinness. These early roles served to solidify his presence in the entertainment industry, creating a platform for future success and contributing to his financial growth.
Breakthrough with “Silver Spoons”
Rick Schroder achieved widespread recognition as the star of the television series “Silver Spoons,” which aired from 1982 to 1986. In the series, he played Ricky Stratton, the son of a wealthy and eccentric millionaire, Eddie Stratton. His portrayal of Ricky Stratton earned him two Young Artist Awards, further solidifying his status as a prominent young actor. The show’s popularity significantly raised his profile and led to numerous other opportunities, thereby playing a crucial role in accumulating his net worth.
After “Silver Spoons” concluded, Schroder attended Calabasas High School. In 1988, he starred in the CBS TV movie “Too Young the Hero,” a drama based on the true story of Calvin Graham, a 12-year-old who lied about his age to enlist in World War II. Additionally, Schroder appeared as a guest timekeeper in Wrestlemania 2, during a match between Hulk Hogan and King Kong Bundy. After graduating from high school, Schroder enrolled in Mesa State College in Grand Junction, Colorado. He eventually acquired a substantial piece of land in the area, marking his initial foray into real estate investment. These diverse experiences contributed to his personal and professional development, further enriching his career trajectory and contributing to his long-term financial success and the growth of his net worth.
Later Career Endeavors
As he matured, Schroder sought to establish himself as an adult actor, dropping the “y” from his first name to project a more mature image. His co-starring role in the Western miniseries “Lonesome Dove” and its sequel, “Return to Lonesome Dove,” helped him transition into more serious roles. His performances as Danny Sorenson on three seasons of “NYPD Blue,” nurse Paul Flowers in “Scrubs,” Dr. Dylan West on “Strong Medicine,” and Mike Doyle on the 2007 season of “24” solidified his career as an adult actor. These roles allowed him to showcase his versatility and expand his acting repertoire, enhancing his marketability and contributing to his ongoing financial success and boosting his net worth.
In 2004, Schroder directed and starred in the music video for Brad Paisley and Alison Krauss’s song “Whiskey Lullaby.” This directorial experience earned him an award for Best Music Video at the 2005 Nashville Film Festival. The video also won an award for Collaborative Video of the Year at the CMT Music Awards, with Schroder receiving the Director of the Year award. In 2009, he directed the adventure film “HellHounds.” He also guest starred in an episode of ABC’s “No Ordinary Family” in January 2011. In 2013, his production company produced the Hallmark movie “Our Wild Hearts,” in which Schroder starred alongside his daughter Cambrie. Schroder has also produced three war documentaries: “The Fighting Season,” “My Fighting Season,” and “The Volunteers.” These diverse roles demonstrate Schroder’s continued involvement in various aspects of the entertainment industry. His accomplishments as a director and producer further underscore his creative capabilities, contributing to his professional reputation and financial success, thereby helping to maintain and grow his net worth.
Personal Life and Notable Events
Schroder married interior designer Andrea Bernard in 1992, and they have four children together. In 2016, Rick and Andrea announced their divorce. In April 2019, Schroder was arrested twice for suspicion of domestic violence and was held on $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 significant 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. The aforementioned events, while not directly impacting his financial net worth, provide a glimpse into aspects of Schroder’s personal life. These events have generated significant public attention.
