Michael Richards played the role of ‘Kramer’ in the hit sitcom Seinfeld. Today Richards has a net worth of $70 million as of 2024. He earned a $800,000 salary per episode for his role as Cosmo Kramer, reports Forbes.
Michael Richards Net Worth 2024 (Forbes)
| Full Name | Michael Anthony Richards |
| Net Worth | $70 Million |
| Annual Income | $3 Million |
| Seinfeld Salary | $800,000 per episode |
| Alimony | $1 Million per year |
Michael Richards Seinfeld Salary
During the first four seasons of the show, Michael Richards was paid a $300k salary for each episode he starred in. From the fifth season, he got an increment and Kramer’s pay has been doubled to $600,000.
For the final two seasons of Seinfeld, Richards earned $800k per episode. In total, Richards earned a total sum of $46 million from all of the Seinfeld seasons, making him one of the richest television actors during that period, and it accounts for 90% of his wealth.
He gets a $300,000 monthly check from the show, which contributes to the preservation of his vast fortune.
Divorce Settlement
Richards and his wife Cathleen Lyons, with whom he had a daughter, divorced in 1993. As part of the divorce, he paid her $5 million once. He also gives her $1 million every year in alimony. Richards has put $10 million into his daughter’s trust fund and recently gave his son-in-law a Mercedes S-Class.
Stand-up Comedy
Even before starring in Seinfeld, Michael Richards was a successful comedian performing at sell-out shows. But after Seinfeld, his fame skyrocketed and he started filling huge auditoriums and theaters that seated over one thousand people.
By the time he retired in 2006, Richards had earned a total of $15 million from his standup comedy career.
Car Collection
Kramer owns 18 luxury cars in his garage, a few of them being vintage American vehicles. Now let us see some of his best cars.
- Mercedes AMG
- Ford F-150
- Lincoln Aviator
- Range Rover Evoque
- Toyota Land Cruiser
- Ford Mustang
- Audi A8
Wife and Children
Michael Richards was married to Cathleen Lyons, a former actress and yoga teacher. They got married in 1974 and were together for over 18 years. They have one daughter together named Sophia Richards, who was born in 1975.
After their divorce in 1993, Richards entered into a relationship with Beth Skipp, a screenwriter. They have one son named Antonio Banderas Richards, who was born in 1997.
Net Worth Timeline
| Net Worth in 2024 | $70 Million |
| Net Worth in 2000 before his retirement | $58 Million |
| Net Worth in 1990 | $10 Million |
| Net Worth in 1980 before Seinfeld | $200,000 |