Larry Elder is most commonly known as an American conservative political commentator and talk radio host. According to Forbes, this son of a Janitor has an estimated net worth of around $5 million.
His pursuit of larger avenues has been his lifetime goal. It’s how he started his own business, took a diversion into the media, and ended up running for governor of California. He will go for anything and take up almost any challenge.
Larry also wrote and published his first book in 2000, The Ten Things You Can’t Say In America by Elder was a New York Times bestseller for two weeks.
How has Larry Elder made his money?
Elder launched a federal political action committee in 2022 and raised $1.8 million for it. Elder’s salary has been covered by 90% of the funds used for operating costs.
Together with country music artist John Rich, he also opened the “cancel-proof” bank Old Glory. Ben Carson, the former housing secretary, was with him. Established in May, the organization states that it has more than 100,000 users.
On top of all this, he served as a host for Warner Brothers and MSNBC.
What assets does Larry Elder have?
His income in 1988 was sufficient to purchase a $167,000 condo in Cleveland and a $550,000 home in the Hollywood Hills.
He currently owns a very spacious home with an infinity pool overlooking the city. He financed it fully for $1.65 million.
Months after Elder purchased the home, the federal government claimed he owed $47,000 in income taxes and briefly put a lien on the property.
He paid $3.6 million and borrowed an additional $2.9 million to buy a second property in Los Angeles through the same company that owned his Hollywood Hills home.
He has however sold off most of his existing properties at far much less money than he bought them.
One of his properties was confiscated and sold off at $2.4 million in 2010. He also came dangerously close to losing his other house. However, in 2014, he was able to successfully appeal for a mortgage modification plan that would have required him to pay $6,000 a month at first and up to $10,000 by 2018.
As of right now, his home loan balance is estimated to be $2.7 million. He paid $1.65 million for the property in 2000, and it is currently estimated to be worth $5 million. Elder’s most valuable holding is thus his interest, which is approximately $2.3 million net of debt.
What is Larry Elder’s net worth as of 2023?
Forbes claims that Larry Elder’s net worth stands at around $4 million. He has quite a number of properties to show for it, TV and radio gigs, a political career and his famous book, “The Ten Things You Can’t Say In America.” Over the years he’s accumulated a lot of money from all these earnings hence his current net worth
Conclusion
This article concludes all the information concerning Larry Elder’s net worth, his assets, salary and other businesses. We hope you found it very helpful and informative.
