Net Worth Ranker
What Is Eric McCormack’s Net Worth?
Eric McCormack, a multifaceted figure in the entertainment industry, boasts a net worth of $20 million. This substantial wealth is primarily attributed to his successful career as an actor, singer, and producer, with significant contributions from his iconic role as Will Truman on the television show “Will & Grace.” McCormack’s financial standing reflects his long-standing presence and achievements in both television and stage performances.
Early Career and “Will & Grace” Breakthrough
McCormack’s journey into the world of acting began with early appearances in television specials such as “The Boys from Syracuse” in 1986 and Shakespearean TV movies like “Twelfth Night.” These roles, while minor, set the stage for his eventual move to Los Angeles, where he made his American television debut in a guest-starring role on the CBS show “Top Cops” in 1991.
In 1992, McCormack landed roles in the film “The Lost World” and its sequel, “Return to the Lost World.” He then secured a recurring role in the television series “Street Justice,” which aired for two seasons. From 1994 to 1995, he portrayed Colonel Francis Clay Mosby in over 40 episodes of the Western television show “Lonesome Dove: The Series” / “Lonesome Dove: The Outlaw Years.” It’s interesting to note that McCormack auditioned multiple times for the role of Ross Geller in the sitcom “Friends,” but the part ultimately went to David Schwimmer.
His breakthrough came in 1998 with the sitcom “Will & Grace,” where he portrayed Will Truman. The show’s pilot episode garnered around 8.6 million American viewers, marking the beginning of its widespread popularity. “Will & Grace” received 83 Emmy nominations and 18 Emmy Awards, with each main actor, including McCormack, winning at least one. McCormack himself received four nominations, winning the Primetime Emmy Award for Outstanding Lead Actor in a Comedy Series in 2001. He also received five Golden Globe nominations, most recently in 2018 for the revival series.
“Will & Grace” Salary and Earnings
At the height of “Will & Grace,” Eric McCormack and his co-star Debra Messing were each paid $250,000 per episode in base salary, excluding royalties. This amounted to approximately $6 million per season. These figures underscore the show’s immense success and the value placed on McCormack’s contribution to the series.
The show concluded in 2006 but was revived by NBC in 2017 for a reboot. The revival was initially planned for a ten-episode season, which was later extended to sixteen episodes for season one and thirteen for season two. The popularity of the revival led to its continuation for three additional seasons, concluding in 2020. Although specific salary details for the revival seasons have not been publicly disclosed, it can be inferred that McCormack’s compensation remained substantial, given the show’s continued success and his central role.
Other Work in Film and Television
Beyond “Will & Grace,” McCormack’s career encompasses a variety of television shows and theatrical plays, as well as several feature films. He starred in the 1998 comedy-drama “Holy Man” alongside Eddy Murphy and Kelly Preston. The same year, he received praise for his performance in the comedy “Free Enterprise,” which also featured William Shatner, although the film had a limited theatrical release in Los Angeles.
In 2005, McCormack appeared in “The Sisters,” which had a limited theatrical release but earned him an award for Outstanding Actor at the Dixie Film Festival. In 2009, he starred in the comedy-drama “My One and Only” alongside Renée Zellweger and Kevin Bacon, which grossed over $3 million worldwide after its limited release was expanded. From 2016 to 2018, he starred in the Netflix science fiction series “Travelers,” which ran for three seasons.
McCormack has also made significant contributions to the theater, starring in Broadway productions such as “The Music Man” and “The Cottage,” as well as “Some Girl(s)” Off-Broadway. These roles have not only showcased his talent but have also added to his overall earnings and net worth.
Real Estate Assets
In 1999, Eric McCormack and his then-wife Janet Holden purchased a mansion in the Los Angeles suburb of Toluca Lake for just under $1 million. As of today, the property is estimated to be worth at least $4 million. This real estate investment has significantly contributed to McCormack’s overall net worth.
The Toluca Lake property, located in a prestigious neighborhood, features multiple bedrooms and bathrooms, a large backyard with a swimming pool, and a guest house. McCormack and Holden undertook several renovations to the property over the years, enhancing its value and appeal. The property is a testament to McCormack’s successful career and his ability to make sound financial decisions.
Personal Life and Charitable Contributions
McCormack met Janet Holden on the set of “Lonesome Dove: The Series,” where she worked as an assistant director. They married in 1997 and have a son named Finnegan. Unfortunately, Janet filed for divorce in November 2023 after 26 years of marriage. McCormack holds dual citizenship between Canada and the United States, having become an American citizen in 1999.
In 2010, he received a star on Canada’s Walk of Fame in Toronto, and in 2018, he was honored with a star on the Hollywood Walk of Fame. McCormack has been a supporter of numerous charitable organizations throughout his career, serving as an honorary board member of the Multiple Myeloma Research Foundation. He and his wife received the Angel Award for their work with Project Angel Food, an organization that provides meals to people suffering from chronic illnesses. He has also served as the Stand Up To Cancer Canada Ambassador and an ambassador for the Canadian Cancer Society’s “Plaid for Dad” campaign. His father died of prostate cancer in 2008, and his mother beat breast cancer before passing away from bladder cancer in 2006.
While specific figures related to his charitable donations are not publicly available, it is clear that McCormack is committed to giving back to the community and supporting causes that are important to him.
Net Worth Summary
In summary, Eric McCormack’s $20 million net worth is a result of his successful career in acting, singing, and producing, particularly his role in “Will & Grace.” His earnings from the show, combined with his work in other television shows, films, and theater productions, as well as his real estate investments, have contributed to his financial success. McCormack’s net worth reflects his talent, hard work, and strategic career choices over the years.
