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What is Ted Danson’s Net Worth? How Much He Made on ‘Cheers’

What is Ted Danson’s Net Worth? How Much He Made on ‘Cheers’

TV icon Ted Danson has delivered memorable performances on Cheers, CSI, and The Good Place, sparking curiosity about his net worth. Danson is a versatile actor known for his exceptional performances on both television and film. He gained recognition for his portrayal of Boston bartender Sam Malone on NBC’s iconic comedy Cheers, which ran for 11 seasons and won multiple Emmys.

During the final seasons of Cheers, Ted Danson famously earned a staggering $450,000 per episode, making him the highest-paid actor on TV. This amounted to approximately $12 million per season for seasons 9, 10, and 11. Adjusted for inflation, this would be an impressive $25 million per season in today’s currency.

During his tenure on the CBS drama CSI from 2011 to 2015, Danson’s earnings stacked to $250,000 per episode. With a total of 86 episodes, this translated to an annual income of approximately $21 million.

After Being the Highest Paid TV Actor for ‘Cheers’, What is Ted Danson’s Net Worth?

Of course, this doesn’t even include the legendary actor’s film appearances and other TV projects. However, according to Celebrity Net Worth, Ted Danson is worth just $80 million. Fellow sitcom stars like Tim Allen and Kelsey Grammer are reportedly worth millions more.

However, there’s a significant reason Ted Danson’s net worth is modest compared to some of his peers. Danson’s divorce from his second wife, Casey Coates, stands as one of the most financially significant celebrity splits in history. The split was reportedly caused by his involvement with the actress and comedian Whoopi Goldberg.

As part of the settlement, Danson was ordered to provide Coates with a staggering $2 million for each year they spent together, resulting in a total payment of $30 million. Accounting for inflation, this amounts to around $50 million in today’s value.

Ted Danson and actress Mary Steenburgen have been happily married since 1995. They are proud owners of several properties across the country, mainly in the Los Angeles area. In June 2019, they sold a picturesque nine-acre property in Ojai, California, for an impressive $8.75 million.

Acquired in 2005 through a trust, they purchased the house for $4.5 million. Additionally, they possess another charming residence in Ojai, acquired in 2017 for $2.4 million. In 2014, they invested $3.5 million in a stunning home in Santa Monica, California. Notably, in January 2019, they expanded their estate by buying the adjacent property for $5.2 million, creating a massive private compound. Danson and Steenburgen also have a cottage in Nashville and a stunning six-acre multi-residence property on Martha’s Vineyard in their portfolio.