Net Worth Ranker
What Is Larry Elder’s Net Worth?
Larry Elder, a prominent conservative radio talk show host, author, and former attorney, has accumulated a net worth of approximately $6 million. This figure reflects his diverse career spanning law, media, and authorship.
Career and Income Sources
Elder’s career began in the legal field after he earned his Juris Doctor from the University of Michigan Law School in 1977. He initially joined the law firm Squire, Sanders & Dempsey in Cleveland, Ohio. Subsequently, he ventured into entrepreneurship by founding a legal executive search firm named Laurence A. Elder and Associates. He stepped down from operating the firm in 1987 and relinquished his ownership in 1995. While specific financial details from his early legal career are not publicly available, it provided a foundation for his future endeavors.
His longest-running and most significant source of income stems from his radio career. In 1994, he launched “The Larry Elder Show” on KABC in Los Angeles, a weekday evening talk show that aired until 2008. After a brief hiatus, the show returned from 2010 to 2014. Although the specific financial terms of his contracts with KABC and CRN Digital Talk Radio Networks (which he later joined) are not publicly disclosed, nationally syndicated radio hosts often command substantial salaries. The income derived from radio hosting significantly contributed to Larry Elder’s net worth.
Larry Elder’s television career further augmented his income. He co-hosted “Fabric” on WVIZ, a Cleveland PBS station, starting in 1988. Later, in 1997, he co-hosted “National Desk” on PBS with Fred Barnes and Laura Ingraham. In 2000, he hosted a special on KCAL-TV News called “Making Waves – LAUSD.” Between 2000 and 2001, he also hosted the syndicated court show “Moral Court.” While the specific financial compensation for these television roles is not public knowledge, such positions typically add to a media personality’s earnings.
Elder’s career as a writer has also contributed to his net worth. He penned op-eds for local newspapers in Cleveland in the late 1980s, and in the late 1990s, he began writing a nationally syndicated column through Creators Syndicate. He also wrote a weekly column for the Los Angeles Daily News until 2012. Additionally, he is the author of several non-fiction books, including “The Ten Things You Can’t Say in America” and “A Lot Like Me: A Father and Son’s Journey to Reconciliation: A Memoir.” The revenue from book sales and syndication rights adds to his overall income, though the exact figures are not publicly available. As an author, the book royalties and syndication fees would have been a substantial contribution to Larry Elder’s net worth. Although specific sales figures and royalty rates are not publicly disclosed, successful books and syndicated columns can generate significant income over time.
In 2021, Elder ran as a Republican candidate in the California gubernatorial recall election. While campaign fundraising and expenditures are subject to public disclosure, they do not directly contribute to his personal net worth. Political campaigns can indirectly enhance a candidate’s profile, potentially leading to increased opportunities in media or other ventures, which could subsequently impact their net worth.
Real Estate and Financial History
In September 2018, Larry Elder listed his two-acre property in the Hollywood Hills for $5.2 million. He had purchased this home in April 2000 for $1.65 million, indicating a potential profit of $3.55 million if sold at the listed price. However, the property remained on the market for over a year, after which it was listed for rent at $25,000 per month before ultimately being removed from the market. This suggests that the property did not sell at the desired price, impacting his immediate liquidity.
Financial documents reveal that Larry Elder took out a $2.3 million mortgage on this Hollywood Hills home in May 2007. A month later, he purchased another Hollywood Hills home for $3.6 million, using a $2.9 million mortgage with a 7% interest rate. Los Angeles County records indicate that this second property went into default by 2009, with his debts totaling $3 million. The home was eventually sold at auction in May 2010 for $2.4 million, resulting in a $600,000 loss. These financial difficulties significantly impacted his net worth.
Elder also faced financial challenges with his first Hollywood Hills home, as the $2.3 million mortgage went into default. However, by 2014, he managed to resolve these issues through a loan modification agreement. In this agreement, he declared a “financial hardship” and stated that he did not have sufficient income or liquid assets to make the monthly mortgage payments. The resolution of this financial issue was crucial in stabilizing his financial situation.
Net Worth Calculation and Considerations
Larry Elder’s net worth is calculated by subtracting his liabilities (debts and obligations) from his assets (properties, investments, and cash). Given his financial history, the $6 million net worth likely reflects a recovery from earlier financial setbacks. The value of his current assets, combined with his income from media appearances, book sales, and other ventures, would contribute to this figure.
The precise breakdown of his current assets and liabilities is not publicly available. However, based on available information, Larry Elder’s net worth of $6 million is a reasonable estimate that accounts for his career earnings, real estate holdings, and financial challenges. This figure represents a snapshot of his financial standing at a particular point in time and is subject to change based on various economic and personal factors. The information available provides a reasonable understanding of the sources and factors contributing to Larry Elder’s net worth. The $6 million estimate, while not an exact figure, provides a clear picture of his financial standing based on his career, real estate transactions, and public financial records. The combination of his media career, authorship, and real estate investments contributes to his current net worth. The challenges he faced with real estate and mortgages in the past have likely influenced his financial management strategies. It’s important to consider that this figure is dynamic and subject to change based on market conditions and his future financial decisions. The details from his real estate transactions, coupled with his media income, offer insight into the factors contributing to his financial standing. Understanding these elements is key to assessing his net worth accurately. While the exact figures for each income stream are not public, the available information paints a comprehensive picture of his financial situation.
Elder’s political views, while not directly impacting his net worth, can influence his professional opportunities. His conservative stance has made him a sought-after commentator and speaker within certain circles, potentially increasing his earning potential. The political views of Larry Elder, while inherently separate from his net worth, have the potential to influence his professional trajectory and income-generating opportunities. As a prominent conservative commentator, his outspoken views have likely contributed to his visibility and demand within certain media and speaking circuits. The impact of his political views on his net worth is indirect but nonetheless relevant. The political sphere provides him with a platform to showcase his expertise and thought leadership, which can translate into lucrative opportunities.
