Net Worth Ranker
What Is Fred Savage’s Net Worth?
Fred Savage, a prominent figure in American entertainment, boasts a net worth of $30 million. This substantial wealth has been accumulated through a diverse career encompassing acting, directing, and producing.
Sources of Fred Savage’s $30 Million Net Worth
While Fred Savage initially gained fame as a child actor, notably for his role as Kevin Arnold in “The Wonder Years” (1988-1993), the majority of his $30 million net worth stems from his successful endeavors behind the camera.
Savage’s career took a turn towards directing and producing, contributing significantly to his financial success. He has directed numerous sitcoms, often starting with the pilot episode, which has allowed him to earn backend points on shows that have generated substantial revenue through syndication. For example, he directed 20 episodes of “2 Broke Girls,” showcasing his directorial prowess. Additionally, he directed 14 episodes of “Modern Family,” further establishing his reputation in the television industry. His involvement in 19 episodes of “It’s Always Sunny in Philadelphia” demonstrates his versatility and ability to contribute to diverse comedic projects.
Early Life and Education
Born on July 9, 1976, in Chicago, Illinois, Fred Aaron Savage spent his early years in Glencoe, Illinois, before relocating to California with his family. His family’s history is rooted in Jewish heritage, with his grandparents immigrating to the United States from Poland, Ukraine, Germany, and Latvia. Savage’s father, Lewis Savage, worked as an industrial real estate broker and consultant.
Savage’s educational journey includes attending Brentwood School, a private day school in Los Angeles County, California. Later, he pursued higher education at Stanford University, where he joined the Sigma Alpha Epsilon fraternity. In 1999, he graduated with a bachelor’s degree in English, demonstrating his commitment to academic pursuits alongside his acting career.
Early Acting Career
Savage’s foray into the entertainment industry began at a young age, with his first professional acting role in the television show “Morningstar/Eveningstar” at the age of nine. He subsequently made guest appearances in television shows such as “The Twilight Zone” and “Crime Story.” He also appeared in films like “The Boy Who Could Fly” (1986) and “Dinosaurs! – A Fun-Filled Trip Back in Time!” (1987).
His role as the grandson in the 1987 film “The Princess Bride” marked a turning point in his career, garnering national attention and paving the way for future opportunities.
“The Wonder Years” and Subsequent Projects
From 1988 to 1993, Savage starred in the television series “The Wonder Years” as Kevin Arnold, a role that solidified his status as a prominent actor. His performance in the show earned him two Golden Globe nominations and two Emmy nominations for Outstanding Lead Actor in a Comedy Series. At the time, he was the youngest actor to receive these honors, highlighting his exceptional talent and early success.
During his tenure on “The Wonder Years,” Savage also participated in other projects, including the film “Vice Versa” (1988) and the two-part ABC special “Runaway Ralph” (1988), based on the book by Beverly Cleary. After the show ended, he appeared in the films “Little Monsters” (1989) and “The Wizard” (1989) before returning to high school and later pursuing a college degree at Stanford.
Post-“Wonder Years” Acting Roles
Following his break from show business to focus on his education, Savage returned to acting with roles in the TV films “No One Would Tell” and “How Do You Spell God?,” both released in 1996. He then starred in the NBC sitcom “Working” from 1997 to 1999, which ran for two seasons.
In the late 1990s and early 2000s, Savage made guest and supporting appearances on shows like “Boy Meets World” (1998) and “Law & Order: Special Victims Unit” (2003), as well as in films like “No One Would Tell” (1996), “The Rules of Attraction” (2002), “Austin Powers in Goldmember” (2002), “The Last Run” (2004), and “Welcome to Mooseport” (2004). He also starred in the short-lived series “Crumbs” in 2006, where he played a closeted gay writer who returns home to help run his family’s restaurant.
Other acting projects include the Fox series “The Grinder” (2015) and the Netflix series “Friends from College” (2017). He has also lent his voice to animated projects such as “Kim Possible” (2004; 2007), “Oswald” (2001-2003), “Justice League Unlimited” (2004), “Holidaze: The Christmas That Almost Didn’t Happen” (2006), and “Family Guy” (2009).
Directing and Producing Career
In addition to acting, Savage has pursued a successful career as a director, producer, and television host. In 2018, he hosted the television game show “Child Support” with Ricky Gervais, and he also hosted his own show “What Just Happened??! With Fred Savage” (2019).
Savage began directing episodes of various television series in 1999, starting with his sitcom “Working.” He has since directed episodes of shows such as “Boy Meets World,” “Drake & Josh,” “Ned’s Declassified,” “That’s So Raven,” “Hannah Montana,” “Wizards of Waverly Place,” “Modern Family,” and “2 Broke Girls.” He has also worked as a producer on shows like “It’s Always Sunny in Philadelphia,” “Friends with Benefits,” “Phil of the Future,” and “The Crazy Ones.” These behind-the-scenes roles have significantly contributed to Fred Savage’s net worth of $30 million.
Personal Life
In 2004, Savage married Jennifer Lynn Stone, his childhood friend. They have three children together.
Real Estate Investments
Savage has made notable investments in real estate. In the late 2000s, he purchased a house in the Hancock Park neighborhood of Los Angeles for $3 million. He listed the home for sale in 2019 for $5 million, indicating a potential profit from the investment. Previously, he owned a home above the Sunset Strip in Hollywood, which he sold in 2007 for $2.25 million.
He also owns a two-bedroom condo in West Hollywood, which he bought in 2003 for $500,000. In October 2019, Savage acquired an 8,200-square-foot mansion in the Bel Air neighborhood of Los Angeles for $9.5 million, demonstrating his continued investment in high-end real estate.
