Les Moonves Net Worth 2024

What is Les Moonves’ Net Worth and Salary?

Les Moonves is an American tv and broadcasting government who has a net worth of $400 million. He was the chairman and CEO of CBS media company from 2003 till he resigned in September of 2018. According to SEC filings made by CBS, over a 12 12 months interval Les Moonves’ whole compensation was $650.2 million. At the height of his profession he earned roughly $70 million per 12 months in wage.

On September 9, 2018 Les Moonves stepped down from his place of CEO of CBS after a second report was launched detailing sexual harassment and assault allegations was printed by The New Yorker. At the time of his firing, Les had round $180 million price of compensation left in his contract. CBS stated it could be withholding all monetary exit packages pending an investigation into the costs. CBS and Moonves additionally collectively donated $20 million to numerous #metoo causes, cash that will probably be deducted from any future exit compensation. As of this writing, CBS has not paid the remaining $160 million.

Early Life and Career Beginnings

Les Moonves was born Leslie Roy Moonves on October 6^th, 1949 in Brooklyn, New York City, New York. Both of his mother and father are Jewish, and his mom labored as a nurse. His father owned and operated a number of gasoline stations within the space. He grew up along with his one sister and two brothers in Valley Stream, a city situated in Nassau County, New York. He attended Valley Stream Central High School after which enrolled at Bucknell University with the intention of following a pre-med observe. During his sophomore 12 months, he turned tired of science and switched his main to Spanish. While at college, he developed an curiosity in appearing and took part in a number of faculty theater productions.

After graduating in 1971, he moved to New York City to pursue a profession in appearing. He enrolled on the Neighborhood Playhouse appearing faculty, whose alumni embody Jeff Goldblum, Grace Kelly, Burt Reynolds, and Steve McQueen. During this time, he lived in Greenwich village and supported himself by bartending.

In the mid-seventies, he made a number of minor appearances within the tv exhibits “Barbary Coast,” “Cannon,” and “The Six Million Dollar Man.” One of his early jobs in New York City was as an workplace assistant for casting director Caro Jones, who influenced or selected the casting for over one thousand movies throughout her profession. As he tried to get a foothold within the appearing business, he discovered that he was higher as a producer than an actor and began producing performs at small native venues. He moved to Los Angeles for a short while to provide a play. While residing in there, he produced the awarding-winning play “The Hasty Heart,” which led to his job with Columbia Pictures.

Executive Career

His profession within the enterprise aspect of movie started in 1979 with a job within the improvement division of a movie manufacturing firm that was owned by Columbia Pictures. He left in 1981 to work within the improvement division for motion pictures and mini-series at 21^st Century Fox. By 1984, he was head of artistic affairs at Lorimar Television, and on the time it was offered to Warner Bros. in 1991, he had risen to develop into the president and CEO of the corporate. He was capable of retain his place after the sale.

In 1993, he was promoted to president of Warner Bros. He oversaw the event of hit tv exhibits together with “Friends” and “ER.” In 1995, he left Warner Bros. to develop into president of leisure at CBS Television, and in 1997, he was promoted to president of CBS Television.

During his time as president, the community broadcast the favored exhibits “King of Queens,” “Everybody Loves Raymond,” after which within the 2000s, the fact tv present “Survivor” and forensic crime drama “CSI.” By the time he turned CEO, the community was already arrange for achievement. By 2003, the community’s “CSI” franchise spawned two profitable spun-offs and would go on to spawn quite a few extra, and the community had the favored procedural police drama “NCSI,” which might additionally spawn quite a few spin-offs.

When he turned CEO of CBS Corporation, his duties had been extra centered on the functioning and profitability of the corporate, nevertheless, he did not relinquish all artistic management. He was named as the manager straight chargeable for the cancellation of the “Star Trek: Enterprise” collection in 2005.  CBS has a tumultuous interval when it comes to possession and associates with Moonves remaining a gentle determine all through the corporate’s mergers.

He was inducted into the Television Hall of Fame in 2013, and likewise that 12 months, he changed Sumner Redstone as government chairman of CBS. He acquired some criticism in 2016 for praising Donald Trump’s candidacy as constructive for tv rankings and promoting income no matter insurance policies.

Les Moonves Salary

Between 2010 and 2017, Les Moonves earned a minimal of $50 million in whole compensation from CBS. In 2017 he was paid $70 million. That made him the best paid Hollywood government on this planet. By our estimation, Les earned roughly $650 million earlier than taxes throughout his time at CBS.

Controversy and Departure From CBS

In September of 2018, it got here to mild that Moonves had been accused of sexual assault by his intern at CBS. Under his contract, he was as a consequence of obtain $180 million and a manufacturing deal upon his departure, however CBS needed his compensation decreased if the allegations had been discovered to be true. He resigned a few week after the allegations and talks of his departure had been made public. The firm said that any deductions that they acquired from his severance as much as $20 million could be donated to the “#MeToo” motion, and a stipulation of Moonves departure settlement included that he donate a portion to that fund as effectively. In December of that 12 months, the corporate publicized the eighteen foundations, charities, and organizations the cash was cut up amongst. Before the shut of the 12 months, CBS introduced that as a result of outcomes of the investigation that had been performed Moonves wouldn’t be receiving the severance bundle included in his unique contract. Moonves filed a lawsuit, however as of this writing, CBS has not been required to pay his $120 million.

Personal Life

Moonves married Nancy Weisenfield in 1978, they usually had three kids collectively. The couple divorced in 2004. He petitioned the courtroom to have it finalized early citing a “need to return to the standing of being single,” and 13 days later he married information anchor and producer Julie Chen. She gave beginning to a son in 2013.

Real Estate

Les and Julie Chen dwell in a ten,000 sq. foot mansion in Beverly Hills that he purchased for $14 million in 2006. The home reportedly encompasses a $500 thousand screening room that was paid for by CBS. In 2014, Les bought a $28 million mansion in Malibu from Microsoft for $28 million.