A Look at Rush Limbaugh’s Fortune After His Passing

Mandatory Credit: Photo by PAT BENIC/UPI/Shutterstock (11665924n)First Lady Melania Trump presents conservative commentator Rush Limbaugh with the Presidential Medal of Freedom as President Donald Trump delivers his State of the Union address to a joint session of Congress in the House Chamber of the U.
PAT BENIC/UPI/Shutterstock / PAT BENIC/UPI/Shutterstock

Rush Limbaugh, conservative talk show host and author, died Feb. 17, 2021, at the age of 70 after a year-long battle with lung cancer. At the time of his death, Limbaugh’s net worth was $600 million, according to Celebrity Net Worth. With an $85 million annual salary at the time of his death, Rush Limbaugh reached number 11 on Forbes’ list of celebrity earnings in 2020 and also ranked amongst the highest earning radio show hosts, according to Forbes. Celebrity Net Worth says Limbaugh was the second-highest-paid radio host in 2019, behind Howard Stern.

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How did Limbaugh build his fortune and how did he spend it?

Limbaugh’s Radio Earnings

Rush Limbaugh made a name for himself as one of the best-loved and most-hated radio celebrities, hosting the widely syndicated Rush Limbaugh Show on AM and FM radio stations from 1988 until his death. His earnings peaked at $85 million a year between salary, bonuses, profit participation and personal appearance fees, says Celebrity Net Worth.

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His salary for the show grew incrementally since he debuted on New York’s WABC-AM in 1988.

In 2001 he signed a $285 million contract, essentially $31.25 million annually for eight years, Celebrity Net Worth reports. ClearChannel radio network extended the contract in 2008, for $400 million across the next eight years, or $50 million annually. His earnings skyrocketed to $85 million annually with a four-year extension of the contract in 2016.

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Limbaugh’s Real Estate Holdings

Limbaugh holds a portion of his wealth in real estate, with a $26 million home in West Palm Beach, Florida, according to Celebrity Net Worth. The site says he previously owned a penthouse condo in New York City.

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Limbaugh’s Charitable Contributions

In spite of his bombastic personality, which offended many people, Forbes ranked Limbaugh fourth on the Most Generous Celebrities list in 2008. Limbaugh’s contributions that year included $4.2 million to the Marine Corps Law Enforcement Foundation. The donation represented 13% of his earnings for that year, Forbes reported.

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Additionally, Limbaugh’s annual Cure-A-Thon broadcast has raised more than $47 million over the years to support the Leukemia & Lymphoma Society of America, according to the website FoundationGuide.org. Limbaugh and his wife, Kathryn, personally contributed more than $600,000 to the organization aimed at helping those with leukemia, lymphoma and Hodgkin’s disease while working to find a cure for these deadly illnesses.

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Last updated: Feb. 17, 2021

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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