Introduction
Bill Cosby, an American comedian, producer, actor, and producer, has a net worth of nearly $400 million. Most well-known for his very popular The Cosby Show.
Bill Cosby, once the most famous television actor, was once the highest-paid. His fall from grace was tragic. He has since become one of America's most infamous convicted sex offenders. He was involved with several cases of sexual assault filed by women from the industry.
We'll be covering the following information in this article:
Net Worth At A Glance
Bill Cosby Net worth: $400 million
Date Of Birth: July 12, 1937
Gender: Male
September 2020: Last Updated
Nationality: American
Relationship Status: Married (Camille Hanks, 1964)
Children: 5.
Profession: Stand-up comedy, film, and television star
Conviction: Three Counts Aggravated Indecent Sexual Assault
Sentence: Between three and ten years in prison
Bill Cosby Net Worth
Cosby is best known for his role in The Cosby Show, which he created and starred on. Bill Cosby's net worth was estimated at $400 million as of the writing of this article.
Cosby was the highest-paid celebrity during the peak of The Cosby Show. Bill Cosby earned a staggering $1 million per episode as his base pay.
He was paid $4,000,000 per episode if you add all the other things he did for the show, such as creating, syndicating, and creating, plus other income sources.
This is $8 million per episode.
Cosby owned 20% equity in The Cosby Show, which earned him a lot of commissions through syndication royalties over the years. However, much of that has been stopped by the sexual assault cases he was involved in.
He invested in real estate and his art collection with the royalties he received from the show. According to reports, Bill Cosby's art collection and real estate are worth more than $250 million.
No one can predict the future of his finances at this rate. According to reports, Cosby has exhausted many of his millions of dollars in legal defenses. He could possibly continue if he is convicted for future damages.
Who is William Henry Cosby Jr.
Early life
Bill Cosby was born July 12, 1937, and grew up near Philadelphia, Pennsylvania.
Bill Cosby had four brothers. One of them died when he was just 6 years old. Bill's father was a Navy officer and was absent from their childhoods.
Cosby was the oldest of the siblings and helped to pay the bills. He worked odd jobs, such as shining shoes or delivering groceries to their neighborhood.
Everyone knew from a young age that he was a funny man with a unique sense of humor.
Cosby was a star in high school sports and academics. His classmates referred to him back then as the "class clown".
He was awarded a scholarship to Temple University after he had graduated from high school. He soon dropped out of Temple University in order to pursue a career as a comedian.
Early Career
To try his luck, he moved from Pennsylvania to Philadelphia to New York City. New York's Gaslight Cafe was his first comedy gig. Cosby has been booking dates in many cities, including Los Angeles, Chicago, Washington D.C., and San Francisco, as a stand-up comedian.
Cosby helped to shape society's views by creating a positive image of Afro-Caribbean people through television.
Unfortunately, his once-reputable name was forever marred by sexual allegations made by multiple women in the entertainment industry.
Cosby's horrific sexual assaults on women were kept secret for decades until his victims finally came forward to speak out against him.
These aside, Cosby was the highest-paid actor in the world at the height of The Cosby Show. Imagine getting paid at least a million dollars each episode. This is equivalent to $8 million per episode!
If you add all his income streams from creators, syndication, and other sources, it quadruples.
Because Bill owned 20%, syndication royalties were paid to him. Over the years, it brought in millions of dollars for Bill.
These have all been wiped out by the numerous rape cases and sexual allegations he was implicated in. His reputation and millions of dollars have been quickly lost.
The Cosby Show: Life After It
Bill Cosby was very active after The Cosby Show.
From 1996 to 2000, he was a star in "Cosby" and later hosted "Kids Say the Darndest Things."
He also represented many large brands such as Kodak, Jell-O, and Coca-Cola. After 30 years, he did a special stand-up in 2013. He performed in Atlanta, Georgia, two years later.
Cosby's 2018 performance in Philadelphia was his last stand-up gig.
What is Bill Cosby's Net Worth?
This is Bill Cosby's estimated net worth at the time of writing. Multiple women have accused Cosby, including rape, of this figure.
At the peak of The Cosby Show, he was paid a minimum of 4 million for each episode.
Career Earnings By Year
1968 $650,000
1969 $650,000
1981 $ 16,000,000
1982 $11,000,000
1985 $1,100,000.
1986 $5,850,000
1987 90,200,000
1988 508,600,000.00
1990 $25,420,000
1993 $8,000,000
1996 $154,620,000
2001 $2,600,000.
2004 $ 48.916,000
2005 $5,800,000.
2007 $ 100 000
2013$ 33,000,000
2014 $ 7.,000,000
2015 $1,716,000
2018 $1 1,540,200,000
What is his take on reruns?
Forbes reports that syndicated reruns of The Cosby Show generated $4 million per month.
Many of Bill Cosby’s success stories occurred in the 1980s. Even though his shows were over, he still made millions from reruns.
The Cosby Show had reruns that were on BET and TV Land, but they were canceled in 2014. Netflix produced a special clip that was supposed to air the same year.
His tour brought in $10.8 million and NBC planned to produce a sitcom that he would star and produce.
Bill Cosby's Business Ventures and Endorsements.
The Bill Cosby Show
This legendary TV series, The Cosby Show, was a major factor in Bill Cosby’s success. It featured The African-American family lives of the Huxtables.
Lightning In A Bottle
Lightning In A Bottle was a movie that starred B.B. King and Lucille, the guitar he used.
Fat Albert and The Cosby Kids
Bill Cosby hosts and produces animated TV series Fat Albert and The Cosby Kids.
Fat Albert
Fat Albert is an American movie based on the animated TV show Fat Albert and The Cosby Kids, which was created and produced by Bill Cosby.
Touched By An Angel
It's a TV series that features Monica, an angel who is on a mission to help others with their life problems.
The Cosby Mysteries
This series is about a retired criminologist. He wins the lottery, and because he's bored, he decides that he will help the police force.
The Meteor Man
After being struck by an asteroid, a regular teacher becomes a powerful hero.
Ghost Dad
The Ghost Dad is the story of a single father who, after his death, reunites with his family to make his children feel secure and loved.
Coke Is It Campaign
Coca-Cola's 1979 campaign featured Cosby in several commercials as a spokesperson for the product.
Jell-O
Cosby was Jell O's longest-serving spokesperson.
Bill Cosby Controversies and Litigation
In 2005, Andrea Constand filed a case against him for rape. Unfortunately, though, the case was quickly dismissed due to insufficient evidence.
Hannibal Buress, another comedian, made it a part of his routine. Constand had accused him of "alleged" sexual misconduct. He joked about it and laughed at it.
It all became viral, and it was a turning point for other victims of Cosby.
Surprisingly, many women offered testimonies that span from 1965 to 2008.
60 victims of rape claimed that Cosby first gave them their drinks before they sexually assaulted them.
This prompted the people to attack the police force in an attempt to reopen Andrea Constand's case.
Cosby maintained his innocence and vigorously denied any of these.
Cosby did not answer the question regarding these allegations in a follow-up interview one month later. However, Cosby said in an interview with Florida Today:
"People shouldn’t have to go through this and shouldn’t answer innuendos."
Cosby also stated in a 2015 interview:
"I've been in the business for 52 years, and I have never seen anything like it." Reality is a situation, and I don't know ."
Many products and organizations have ended their relationships with Cosby because of these serious accusations. Many of his titles and even his awards were canceled. His money-making reruns also came to an abrupt halt.
These honorary degrees, which he was awarded by prestigious universities and colleges, were also revoked.
Cosby was facing 8 civil lawsuits as of November 2015.
Cosby was defeated by a prominent and tough attorney who represented 33 victims.
In Bill Cosby’s Defense
Cosby admitted to having casual sex while using Methaqualone, a sedative.
He confessed to using illegal prescription drugs for sexual assault of young women.
Cosby was convicted of sexual assaults dating back to 2004 on April 26th, 2018.
Now he is serving a sentence of between 3 and 10 years in prison in state jail, a $25,000 fine, and finally court costs for "three counts" of aggravated sexual assault against a Toronto woman.
Cosby was previously in Montgomery County Correctional Facility before he moved into a state prison.
Cosby was detained in a single cell at SCI Arizona in Pennsylvania on September 25, 2018.
Cosby was set to be transferred to prison's general population. The Pennsylvania Supreme Court allowed him to appeal. The Court ruled that testimonies do not rely more on evidence than they do on prejudice.
This was on June 23, 2020.
Settlement of Defamation Lawsuit
It was discovered that seven victims who had accused Cosby sexual assault of lying were among the ones that were found to have lied in April 2019. AIG, Cosby’s home insurance company settled a federal defamation suit.
However, the sexual allegations were made over many decades, from 1969 to 1992. Therefore, they are not admissible for criminal charges.
How Bill Cosby spends his money?
Cosby has lost millions in legal defenses to date and could be losing more for future damages.
This was what eventually led to his financial ruin.
Cosby was convicted, but he spent his money on art and real estate before he was convicted.
His wealth is largely invested inexpensive properties. Their Beverly Hills Mansion was the only property he invested over $80 million.
Art Collection
Cosby's art collection began way back in the 1960s. one website says that they are proud to own "the greatest art collection in the possession of an African American family."
The art collection is valued at $150 million and includes many rare pieces by Renoir, Thomas Hart Benton Rembrandt Matisse, Matisse, Picasso, and Rembrandt.
Cosby also invested his money in his vintage car collection.
He also once owned a private plane named after Camille.
Bill Cosby Home Sites
Pacific Palisades Home
Cosby bought the home for $2.55million, or around $10 million today. It is a stunning Tudor Revival Style Los Angeles home that was very fashionable back in the 1980s.
It is surrounded by pine trees that provide Bill Cosby and his loved one's privacy.
Massachusetts Home
You will find related articles about the mansion's Olympic-sized swimming pool. Camille Cosby, Bill Cosby’s wife, was said to have been seen at least three days a week, even though she was involved in scandals. The lake was also a popular spot for her and her female friends.
Five other buildings can be found within this vast estate.
Mansion In Elkins Park
Bill Cosby Cars
Jets
Quick Facts about Bill Cosby
- When he was working as a bartender for Philadelphia, Bill Cosby realized he had a gift for comedy.
- Cosby continued his education despite his success in acting. He received a Doctorate in Education from University of Massachusetts Amherst.
- Camille, Cosby's wife, has five children. In 1997, Cosby's only son was killed while changing a tire.
- Cosby's mom was a maid, and William Henry Cosby Sr. worked as a chef in the Navy. Bill worked odd jobs to help his mom earn some money.
- Cosby quit school to join the Navy's Hospital Corps. There he worked for four years.
- He was passionate about sports and excelled in academics. He was the class president, captain of track and field and baseball.
- The 60 sexual allegations made against him by his victims, as reported by the Los Angeles Times, ruined his career.
Bill Cosby Philanthropy
They started the Hello Friend/ Ennis William Cosby Foundation in order to raise money for troubled and underprivileged youths after Ennis' sudden death.
Bill Cosby supports many charities:
Even with all these noble and notable efforts, the public was not forgiving. Many of Cosby’s foundation beneficiaries and foundations cut ties with him.
Five Lessons from Bill Cosby
You can learn five lessons from Cosby
- Be authentic. Be genuine.
- Sexual predators must be convicted and punished. Otherwise, they will continue to cause harm to others.
- Many victims lie or are ignored until the worst happens.
- Always be mindful of the small details and proactive.
- Transparency is a virtue.
- Transparency is key.
Frequently Asked Questions (FAQs).
Is Bill Cosby still married?
Yes, they still live together even though Bill Cosby was convicted.
What Did The Cosby Show Earn?
It generated a staggering $2.5 billion in revenues, with $1 billion coming from advertising and the remainder from syndication.
What happened to Bill Cosby? What was Bill Cosby Convicted for?
Bill Cosby was convicted of three counts of aggravated sexual assault on April 26, 2018, and sentenced to three to 10 years in prison by the state on September 25, 2018.
In addition to the $25,000 fine, he was also subject to $43, 611 prosecution costs.
How much is Bill Cosby's net worth?
Bill Cosby's net worth is $400 million.
How Much Did Bill Cosby's Net Worth in 1992?
Bill Cosby's Net Worth in 1992 was $300 Million.
What is Bill Cosby's wife worth?
Camille Cosby is Bill Cosby’s wife and has a net worth $20 million as a producer and manager.
Summary: Bill Cosby's Net Worth
This must have been a terrible thing for Bill Cosby's career at 80 years old.
Three counts of indecent assault were brought against him at a time when his belief system was indestructible. You will find many related articles about the brutal and shocking sentiments of his former supporters.
His shameful actions towards those 60 women ruined the legend he once held.