Ever wondered about Walter Cronkite net worth? Let’s dive into the financial world of this legendary newsman and see what made him tick.
Contents
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Walter Leland Cronkite Jr. |
| Popular Name | Walter Cronkite |
| Gender | Male |
| Birth Date | November 4, 1916 |
| Age | 92 (at the time of death) |
| Parents | Dr. Walter Leland Cronkite (father), Helen Lena Fritsche (mother) |
| Siblings | N/A |
| Birthplace | Saint Joseph, MO |
| Nationality | American |
| Ethnicity | N/A |
| Education | University of Texas at Austin, Moody College of Communication, Lanier Middle School, Baker Montessori School, San Jacinto High School (Houston) |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Mary Elizabeth Maxwell Cronkite (m. 1940–2005) |
| Children | 3, including Kathy Cronkite, Nancy Cronkite, Chip Cronkite |
| Dating | N/A |
| Net Worth | $20 million |
| Source of Wealth | Journalism, TV Anchor, Radio Personality, Television Producer |
| Height | 6 ft 0 in |
What is the Net Worth of Walter Cronkite in 2024?
Walter Cronkite’s net worth at the time of his death in 2009 was $20 million. This substantial amount was accumulated through his extensive career in journalism and television broadcasting.
Compared to other notable figures, Carmen Sevilla‘s net worth ranged between $1 million and $5 million, while Luis Vigoreaux had a net worth of approximately $5 million.
Cronkite’s financial standing reflects his significant influence and successful career in the media industry.
Salary/Income of Walter Cronkite in 2024
Although Cronkite passed away in 2009, his legacy continues. At the peak of his career, Cronkite earned a substantial salary. His 1981 contract with CBS was worth $1 million per year, equivalent to around $2.7 million today.
Even after his retirement, Cronkite received $150,000 annually from CBS as a consultant.
Walter Cronkite Finance Overview
Early Career and Initial Earnings
Walter Cronkite began his journey in journalism with various newspaper reporting jobs covering news and sports. His first broadcasting job was as a radio announcer for WKY in Oklahoma City. This initial role paved the way for his future successes.
Moving on, Cronkite joined United Press International (UPI) in 1937, significantly boosting his career and income.
Peak Career and Major Income Sources
Cronkite’s most notable role was as the anchorman for CBS Evening News from 1962 to 1981. This position not only solidified his reputation but also brought in substantial income.
In 1981, Cronkite signed a groundbreaking contract with CBS, earning him $1 million per year.
Adjusted for inflation, this is equivalent to about $2.7 million annually today. His tenure at CBS, covering significant historical events, contributed greatly to his financial success.
Significant Events Covered and Impact on Earnings
Cronkite’s career is marked by his coverage of major historical events. He reported on the bombings in World War II, the Vietnam War, and the Nuremberg trials.
His reporting on the assassination of John F. Kennedy is particularly memorable, showcasing his emotional and reliable reporting style. These significant events not only elevated his status but also had a positive impact on his earnings.
Awards, Honors, and Their Financial Impact
Cronkite received numerous awards and honors throughout his career, including the Presidential Medal of Freedom.
He was also awarded two Peabody Awards, a George Polk Award, and an Emmy Award. These recognitions not only honored his contributions to journalism but also enhanced his marketability and financial stability.
Post-Retirement Earnings and Consultancy
After retiring from the CBS Evening News in 1981, Cronkite continued to earn through consultancy roles.
CBS paid him $150,000 per year to act as a consultant, a role he maintained until 1988. This ceremonial position allowed him to stay connected to the industry while enjoying a slower pace.
Legacy and Continuing Influence on Wealth
Cronkite’s legacy continues to influence the journalism world. The Cronkite School of Journalism at Arizona State University stands as a testament to his impact.
His influence on future journalists and media personalities ensures that his legacy endures, both in terms of reputation and financial impact.
Social Media Accounts
- Instagram: N/A
- Facebook: N/A
- Twitter: N/A
- Youtube: N/A
FAQs about Walter Cronkite
Who was Cronkite’s wife?
He was married to Betsy Maxwell.
How many children did Cronkite have?
He had three children.
Where was Walter Cronkite born?
He was born in Saint Joseph, Missouri.
What was Cronkite’s peak salary?
Cronkite’s peak salary was $1 million annually, equivalent to $2.7 million today.
What awards did Cronkite receive?
He received several awards, including the Presidential Medal of Freedom and a Moon-rock from NASA.
Where did Cronkite attend college?
He attended the University of Texas at Austin.
What major events did Walter Cronkite cover?
He covered major events such as World War II, the Vietnam War, the Watergate scandal, and the assassinations of JFK, MLK Jr., and John Lennon.
Conclusion
Walter Cronkite’s net worth reflects his status as one of the most successful TV presenters. Explore more about his legacy at rachelparris.com.
