Matt Lauer Net Worth: How Much He Stands to Lose After Firing

Matt Lauer's sexual misconduct could really cost him.

Matt Lauer was fired from NBC News on Nov. 29, following an employee complaint about “inappropriate sexual behavior in the workplace,” CNN reported. The announcement of his ousting was made on the NBC “Today” show by his former co-worker Savannah Guthrie.

Though details of Lauer’s inappropriate behavior have not been made public, a source told CNN the incident occurred during his coverage of the Winter Olympics in Russia in 2014.

“There are no words to express my sorrow and regret for the pain I have caused others by words and actions,” Lauer said in a public statement. “To the people I have hurt, I am truly sorry…as I am writing this I realize the depth of the damage and disappointment I have left behind at home and at NBC.”

Lauer is not alone in his dismissals  2017 has seen a number of sexual harassment and assault allegations lead to numerous prominent men in entertainment getting famously fired.

Matt Lauer Net Worth: $80 Million

Before his firing, Matt Lauer was one of the highest-paid hosts on television, earning $25 million a year from the “Today” show, Variety reported. Lauer had been a co-host on the show since 1996. Lauer’s “Today” show contract was reported to extend through at least 2018 — it’s unclear if he will be paid out for the remainder of his contract, or if there is a clause in his contract that will allow NBC to get out of paying him. If so, Matt Lauer’s scandal will cost him millions.

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Outside of his eight-figure salary from his hosting gig, Lauer had earned money from endorsement deals throughout the years including a collaboration with high-end watch brand Shinola. After his firing, Lauer’s Shinola collection was removed from the brand’s website.

Matt Lauer Career

Matt Lauer’s career as a professional news host began in the 1980s when he made appearances as a host of the news series “Evening” from 1981 to 1985. NBC and Matt Lauer began their long partnership in 1992 when he was hired to co-host two shows on the network: “Live at Five” and “Today in New York.”

Lauer got his own show in 1998, “Headliners & Legends with Matt Lauer,” which ran until 2006. He was also a correspondent on “Dateline NBC” from 2002 to 2013. Throughout his television career, Lauer hosted the Macy’s Thanksgiving Parade as well as NBC’s coverage of the Olympic Games for many years.

However, Lauer is perhaps best known for his appearances on the “Today” show. Lauer started out as an anchor on the show, and eventually replaced Bryant Gumbel as a co-host in 1997.

Matt Lauer Personal Life

Matt Lauer was born in New York City and pursued a college degree at Ohio University. Lauer quit college to pursue his journalism career, taking an internship at a local West Virginia news station in 1979. His gamble paid off, as he quickly moved up to a news producer, and then to an on-air reporter. Lauer continued to steadily move to larger markets and made his way to NBC in 1992.

Lauer was married to TV producer Nancy Alspaugh from 1981 to 1988 and married Dutch model Annette Roque in 1998. They have three children together.

A source told People that after his firing, “his family is his focus.”

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