Phil Donahue Net Worth; How Much Is He Worth?

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At 86 years old and with a career that has spanned several decades now having started his career in 1957, what is Phil Donahue net worth? Has he made so much money that has made his life comfortable now that he is no longer as strong as he was when he first started? How much is he worth after such a long career in the entertainment industry?

These are the concerns of many people who have seen Phil Donahue do it all in the entertainment industry from creative writing to film production and hosting television shows.

In this article, we shall discuss the details of Phil Donahue net worth and how much salary he takes home. Now, though, let’s spare some time to look at the life and career of the legendary entertainer that has seen his work recognized with several awards to his credit.

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Who is Phil Donahue? Learn more about him in his biography as covered in this article.

Phil Donahue Net Worth: Biography And Early Life

Phil Donahue

The middle-class Irish Catholic Donahue family resided in Cleveland, Ohio, where Phillip John Donahue was born in 1935.

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His father, Phillip Sr., was a furniture sales clerk, while his mother, Catherine, worked as a shoe clerk in a department store.

Phil Donahue graduated in 1949 from Cleveland’s West Park neighbourhood’s Our Lady of the Angels elementary school.

He was a member of the first graduating class at St. Edward High School, an exclusive Catholic prep school for boys run by the Congregation of Holy Cross, in 1953.

Later, he studied at the University of Notre Dame, where he earned a BA in Business Administration and graduated in 1957.

Phil Donahue net worth started to build when he started finding his feet in the entertainment industry.

After graduating, he began working at KYW radio and television as a production assistant.

After a brief stint sorting bank checks in Albuquerque, New Mexico, he went back to broadcasting and took the position of program director at Adrian, Michigan’s WABJ radio station.

After that, he worked as a freelance journalist for “CBS Evening News” and was a morning anchor at WHIO-TV in Dayton, Ohio, where he interviewed Jimmy Hoffa and Billie Sol Estes for national transmission.

In Dayton, he also served as host of the afternoon chat show “Conversation Piece,” which featured interviews with notable individuals like Jerry Rubin, Malcolm X, and John F. Kennedy.

The Phil Donahue Show

Phil Donahue first wife

One of the biggest contributors to Phil Doahue net worth is his television show known as the Phil Donahue Show.

Donahue started “The Phil Donahue Show” on Dayton’s WLWD television station after leaving his job at WHIO-TV in 1967.

Even though it was exclusively broadcast at first on Crosley Broadcasting Corporation affiliate stations, the show eventually went national in syndication. The show relocated from Dayton to Chicago in 1974, then in 1985 to 30 Rockefeller Plaza in New York City.

The “Phil Donahue Show” was the first national television program to incorporate breakdancing, which contributed to the popularization of hip-hop culture.

The final original episode of “The Phil Donahue Show” aired in September 1996, capping a run of 29 years and 26 years in syndication that included nearly 7,000 daily shows.

The show holds the record for being the longest-running syndicated talk show in American television history.

Since then, Oprah Winfrey has given Donahue credit for the creation of her own famous daytime talk program.

So what is Phil Donahue net worth?

Phil Donahue Net Worth

Phil Donahue Net Worth

With a salary of $20 Million annually, Phil Donahue net worth is huge indeed. The 86-year-old entertainer is worth an estimated figure of $150 Million.

With his syndication business Multimedia Entertainment, Phil agreed to an 8-year contract in 1982 that included a base pay guarantee of $10 million per year.

At his height in the mid-1990s, Phil was the largest stakeholder in Multimedia Entertainment and received additional annual dividends that increased his yearly income to $20 million.

In the middle of the 1990s, $20 million was equivalent to about $30 million annually.

All of these played a significant role in how much Phil Donahue net worth is today.

Is Phil Donahue Married?

Phil Donahue Married

Phil Donahue has been married twice.

Marge Cooney and Phil were wed from 1958 till 1975. Since Phil Donahue married Marge Cooney they had five children.

Marlo Thomas, an actress and philanthropist, made a guest appearance on a show hosted by Phil Donahue in 1977. Marge Cooney has since passed away.

According to reports, Marlo and Phil hit it off right away. They tied the knot in May 1980. She adopted five of Phil’s kids as her own.

With Phil Donahue net worth of $150 Million, how well is he living now?

Phil is living quite well with some expensive buys which he can surely afford.

For an undisclosed sum, Phil and Marlo purchased a 17-room house in Westport, Connecticut, in 1986.

They purchased a connected 7-acre property in 1988 for slightly around $7 million.

In 2006, they paid $25 million to a banker to purchase the combined properties.

They paid an undisclosed sum for a pair of adjacent parcels that were near to their prior estate in the same year.

They put the about 6.5-acre property, which features grounds with a tennis court and a separate gym, up for sale for $27.5 million in 2012; they eventually accepted $20 million in 2013.

They presently reside in Manhattan.

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