If Ellen Degeneres is so ‘mean’ then how did she earn a huge net worth?
After allegations of being mean to her employees, some are wondering when Ellen will retire. Even if Ellen does stick around for years to come, how did she make such a huge net worth in the first place? Ellen Degeneres started her career in the 80s as a stand up comic after working a number of odd jobs. Since then, she’s slowly worked her way up the celebrity ladder and become a household name.
How did Ellen DeGeneres start?
By 1981, Ellen DeGeneres was performing at a number of coffee houses and small clubs, also becoming the emcee at Clyde’s Comedy Club in New Orleans. Eventually, Ellen got her break into TV with the sitcom Open House in 1989. Ellen was lucky to impress the right producers and was approached to play a role in These Friends of Mine, which would be re-named Ellen so that it wouldn’t be confused with Friends.
Ellen DeGeneres broke out, then came out
These early roles barely paid Ellen DeGeneres anything, but they were crucial in establishing her voice and comedy style. The sitcom Ellen became a hit in the 90s and was often referred to as the female Seinfeld. At the height of the show’s popularity, Ellen DeGeneres would come out as lesbian on the Oprah Winfrey Show.
Coming out was hard on Ellen DeGeneres and her net worth
Within a year of coming out, Ellen was cancelled. Ellen DeGeneres stopped receiving regular work during this time and was quickly running out of money. During this time Ellen DeGeneres tried everything to keep her net worth from disappearing, even getting into real estate flipping with her partner Portia de Rossi.
Ellen DeGeneres bounced back and so did her net worth
Eventually, DeGeneres would return to TV in 2001 with another sitcom on CBS called The Ellen Show, but it would be cancelled after only thirteen episodes. By 2003 DeGeneres had changed her approach and focused on daytime TV, launching The Ellen DeGeneres Show. Thanks to Ellen DeGeneres’ perseverance and dedication, she’s now grown her net worth to $450 million.
Ellen DeGeneres is building her net worth with more than just TV paychecks
Although Ellen DeGeneres makes a generous $75 million a year from The Ellen DeGeneres Show, she also gains additional money from endorsement campaigns. Companies that have worked with Ellen DeGeneres include: Vitamin Water, Olay, CoverGirl, J.C. Penny, and American Express. Ellen has been working with some of these companies for over ten years and shows no signs of stopping.
As if that wasn’t enough, Ellen DeGeneres still likes to flip luxury real estate with her partner Portia de Rossi. The couple have bought and flipped houses in Malibu, Laurel Canyon, Beverly Hills, and Santa Barbara. DeGeneres’s deals usually involve other celebrities or entertainment tycoons and net her millions in profits. She’s even sold a home to Ryan Seacrest and bought one from Brad Pitt.
House flipping doesn’t always go well for Ellen DeGeneres
Ellen DeGeneres doesn’t always make money on her real estate deals though. In 2014 DeGeneres bought two condos for $13 million and put time and money into renovating them. When DeGeneres tried to sell the condos she was only able to get $12.85 million for the two, and lost $1.15 million without even considering the amount put into the renovations.
Although sometimes Ellen DeGeneres has had bad breaks, her net worth suggests she’s had no trouble bouncing back each time. Now that The Ellen DeGeneres Show has been renewed for another three seasons, we can expect that Ellen DeGeneres’ net worth will only continue to grow in the future.