Net Worth Ranker
What Is Bob Schieffer’s Net Worth?
Bob Schieffer, a prominent American television journalist, has accumulated a net worth of $10 million. This financial standing reflects his extensive career with CBS News and his significant contributions to political journalism over several decades.
Sources of Bob Schieffer’s Net Worth
Bob Schieffer’s $10 million net worth stems from a multifaceted career. His primary source of wealth is his long tenure at CBS News, where he held several key positions. Additionally, he has authored several books that have contributed to his income through royalties and direct earnings. These books have not only provided financial gains but also enhanced his profile in the broadcasting field, contributing to his long-term financial success. His work as a moderator for presidential debates and his role on “Face the Nation” have solidified his reputation as a trustworthy journalist, further enhancing his earning potential.
Early Life and Career Beginnings
Bob Lloyd Schieffer was born on February 25, 1937, in Austin, Texas. He grew up in Fort Worth, Texas, and is the son of John Emmitt Schieffer, a utility company worker, and Gladys Payne. Schieffer pursued his passion for journalism by earning a BA in Journalism from Texas Christian University (TCU) in 1959. His journalism career began at the Fort Worth Star-Telegram, where he gained initial experience as a reporter. Before joining CBS, Schieffer also spent some time working for WBAP in Dallas. These early experiences laid the groundwork for his successful career in broadcast journalism.
Career at CBS News
Schieffer’s career at CBS News began in 1969 and spanned 46 years until his retirement in 2015. He started as an anchor for Sunday broadcasts and then anchored the Saturday edition of “CBS Evening News” from 1973 to 1996. He became the Chief Washington Correspondent in 1982, a position he held until his retirement. A significant part of his career involved moderating the public affairs show “Face the Nation,” a role he took on in 1991 and continued until his departure in May 2015. From March 10, 2005, to August 31, 2006, Schieffer served as the interim weekday anchor of “CBS Evening News,” stepping in after Dan Rather’s departure and before Katie Couric took over. He also frequently substituted for Scott Pelley.
During his time at CBS, Schieffer distinguished himself as one of the few journalists to cover all four major Washington national assignments: the White House, the Pentagon, the United States Department of State, and the United States Congress. This broad coverage solidified his reputation as a knowledgeable and versatile journalist focused on national politics. In 1998, it was reported that Bob Schieffer made $1.5 million as CBS’s chief Washington correspondent and moderator of “Face the Nation”.
Authorial Contributions and Book Royalties
Beyond his work in broadcast journalism, Bob Schieffer is also an author. He has written four books, including “Face the Nation: My Favorite Stories from the First 50 Years of the Award-Winning News Broadcast” (2004), “Bob Schieffer’s America” (2008), “This Just In: What I Couldn’t Tell You on TV” and “The Acting President,” co-authored with Gary Paul Gates. These publications have contributed to his net worth through direct earnings and royalties.
Awards and Recognition
Throughout his career, Bob Schieffer has received numerous accolades for his contributions to journalism. He has won six Emmy Awards and was named Broadcaster of the Year in 2002 by the National Press Foundation. In 2005, Texas Christian University named its journalism school the Bob Schieffer College of Communication in his honor. In 2013, the entire college was named after him. Additionally, he was inducted into the National Academy of Arts and Sciences Hall of Fame in 2013. These honors underscore his significant impact on the field of journalism.
Personal Life
Bob Schieffer is married to Patricia Penrose Bishop. Together, they have two daughters, Susan and Sharon. Schieffer credits his wife for her unwavering support throughout his demanding career. He also served three years in the U.S. Air Force.
