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Bill Cosby Net Worth

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Introduction

Having a net worth estimated at nearly $400 Million, Bill Cosby is certainly one of the most celebrated and esteemed American actors, producers, and comedians in history. He is most well known for the very popular The Cosby Show.

Once in television history, Bill Cosby was the highest paid actor whose fall from grace has been tragic – he has become one of America’s most notorious convicted sex offenders. He was involved in several sexual assault cases filed by several women in and out of the industry.

In this article, we’ll go over the following data:

  • His net worth
  • How he has amassed his wealth and how he lost it
  • Earnings from his long-standing career in TV show
  • Stand Up career
  • Business ventures, product endorsements
  • Real estate, luxury cars
  • How and where he spent his fortune
  • Family life
  • Sexual assault cases and Litigations
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Table of Contents

Net Worth At A Glance

Bill Cosby Net Worth: $400 Million

Date of Birth: July 12, 1937

Gender: Male

Last Updated: September 2020

Nationality: American

Relationship Status: Married (Camille Hanks, 1964)

Children: 5

Profession: Stand-up comedy, film and television star

Conviction: Three Counts of Aggravated Indecent Sexual Assault

Sentence: Between 3 and 10 years in prison

Bill Cosby Net Worth

Cosby is most well known in the entertainment industry for The Cosby Show which he himself created and starred in. At the time of writing this, Bill Cosby’s net worth is estimated at $400 million.

During the peak of The Cosby Show, Cosby became the world’s highest paid celebrity. Bill Cosby’s base pay per episode was a whopping $1 million.

If you added all other stuff he did for the show such as producing, syndication, creating and other sources of income, he was paid $4 million per episode.

That’s worth $8 million per episode today.

Cosby owned 20% of The Cosby Show’s equity which earned for him a great deal of commission through syndication royalties in the past decades. But much of this has stopped because of the sexual assault cases he faced.

He used the royalties he got from the show and his other sources to invest in real estate and art collection. Reportedly, Bill Cosby’s real estates and art collection are valued at over $250 million.

At this rate, no one could predict what the future of his finances would look like. Cosby , according to reports, exhausted much of his millions in legal defenses and could potentially continue when he is proven guilty for future damages.

Who is William Henry Cosby Jr?

Early Life

Bill Cosby, whose real name is William Henry Cosby Jr., was born on July 12, 1937 and grew up in Philadelphia, Pennsylvania.

Bill Cosby has four brothers, one of which died at only 6 years old. Bill’s dad worked in the Navy and was pretty much absent in their lives when they were growing up.

Being the eldest, Cosby helped out with the bills by working in several odd jobs such as shining shoes and delivering groceries in their neighborhood during his early life.

Even as young child, everyone saw that he was a comedian with a unique and witty kind of humor.

Cosby excelled in both the academics and sports in high school. His classmates back then coined him as the “class clown.”

When he graduated in high school, he was awarded a scholarship at Temple University. But soon he dropped out of Temple University to go after a career in comedy.

Early Career

He moved from Pennsylvania to Philadelphia and New York City to try his luck. His first comedic act was at the Gaslight Cafe in New York. And since then, Cosby began booking dates as one of the stand up comedians in several cities such as LAs Vegas, Chicago, Washington D.C., and San Francisco.

Cosby was responsible for shaping societal views by creating a more favorable image of the Afro-Carribean people on TV.

Sadly, however, his once reputable name was forever sullied by the sexual allegations by multiple women both in and out of the entertainment industry.

These horrible sexual assaults committed by Cosby have been hidden for several decades until the victims came out one by one to stand up against him once and for all.

All these aside, Cosby earned the highest-paid actor-in-the-world spot at the peak of The Cosby Show. Imagine being paid a million dollars per episode – minimum. That’s equivalent to a whopping $8 million per episode today!

It quadrupled if you add up all of his other income streams from syndication, creator, and others.

He received syndication royalties because Bill owned 20% of the show. It pulled in millions to his pocket over the past decades.

All these of course have dried up because of the sexual allegations, including multiple rape cases, he was involved in. Millions of his money have quickly gone out of the window – even his reputation.

Life After The Cosby Show

After The Cosby Show, Bill Cosby remained very active.

From 1996 up to 200, he starred again in another sitcom called “Cosby.” He also went back working in the stand up comedy scene and hosted various games shows and programs which included the very successful “Kids say the Darndest Things.”

Besides these, he also represented several huge brands like Kodak, Jell-O and Coca Cola. In 2013, he performed in a special stand up after 30 long years. Two years after, he performed again in Atlanta, Georgia.

His performance in Philadelphia in 2018 was Cosby’s last known stand up stint.

How Much Is Bill Cosby Worth?

At the time of writing this, Bill Cosby’s net worth is $400 million. This figure is reportedly before multiple women accused Cosby of sexual misconduct including rape.

He was paid a minimum of 4 million per episode at the peak of The Cosby Show.

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

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 $ 333,000,000

2014 $ 7,000,000

2015 $ 1,716,000

2018 $ 1,540,200,000

How Much Does He Make On Reruns?

According to Forbes, The Cosby Show’s syndicated reruns generated $4million per month.

Much of Bill Cosby’s successes took place in the 80s. But even if his shows back then were over, he was still earning millions from reruns.

The Cosby Show had reruns on BET and TV Land which were cancelled in 2014. Netflix produced a special clip and was supposed to air in the same year as well.

His tour sold $10.8 million worth of tickets and NBC was planning to create a sitcom which he would produce and star in .

Some of Bill Cosby's Business Ventures, Endorsements & Products

The (Bill) Cosby Show

Much of Bill Cosby’s success came from this legendary TV show, The Cosby Show, which showed The African-American family life of the Huxtables.

Lightning In A Bottle

Lightning In A Bottle is a movie that featured B.B. King and Lucille, his guitar.

Fat Albert And The Cosby Kids

Fat Albert and the Cosby Kids is an animated TV series produced and hosted by the comedian himself, Bill Cosby.

Fat Albert

Fat Albert is an American film based on the animated TV series called Fat Albert and the Cosby Kids which was produced and created by Bill Cosby.

Touched by an Angel

It is a TV series about Monica, an angel, who has a God-given mission to help people on earth with their problems and difficulties in life.

The Cosby Mysteries

This is a series about a criminologist who who retired from his job. He wins the lottery and because he is bored, he decides to help out the police force.

The Meteor Man

A regular teacher transforms into a powerful hero after being hit by an asteroid.

Ghost Dad

The Ghost dad is a story about a single dad who, after dying, reconnects with his loved ones to make his children feel loved and secure.

Coke Is It Campaign

This was a campaign by Coca Cola in 1979 where Cosby appeared in several commercials to endorse the product.

Jell-O

Cosby was the longest-serving spokesperson for Jell O.

Bill Cosby Controversies and Litigation

His sudden downfall started in 2005 when Andrea Constand filed a rape case against the comedian. Sadly, however, the case was quickly dismissed because thee wasn’t enough evidence.

This prompted Hannibal Buress , another comedian, to make it part of his comedic routine. He casually joked and made fun of Cosby’s “alleged” sexual misconduct that Constand was accusing him of.

Ultimately, it all went viral and became a major turning point for the other women who were victimized by Cosby to come out and expose him.

Surprisingly, several women came forward with testimonies that spanned from 1965 until 2008.

There were 60 rape victims who claimed that Cosby drugged their drinks first before sexually assaulting them.

And this prompted the masses to bombard the police force to reopen the case of Andrea Constand.

Cosby, of course, maintained his innocence and passionately denied all of these.

In an interview a month after, Cosby refused to answer a question about these sexual allegations. But with his interview with Florida Today, he said:

“People shouldn’t have to go through that and shouldn’t answer innuendos.”

On another occasion, Cosby said in an interview in 2015:

“I have been in this business 52 years and I’ve never seen anything like this. Reality is a situation and I can’t speak.”

Because of these grave accusations, several products and organizations have cut off their relationship with Cosby. Several of his titles and even awards were cancelled. And his money making reruns have also come to a sudden halt.

And if these aren’t enough, honorary degrees bestowed upon him by prestigious colleges and universities were likewise revoked.

As of November 2015, Cosby faced 8 active civil suits against him.

With a tough and prominent attorney who represented 33 of the victims, Cosby just didn’t stand a chance.

In Bill Cosby’s Defense

Cosby did admit committing casual sex with the involvement of a sedative called Methaqualone.

He admitted to using illegal prescription drugs to sexually assault young women.

On April 26, 2018, Cosby was found guilty of sexual assaults committed as far back as 2004.

He is now serving a sentence of 3 to 10 years in state prison, a fine of $25,000, and finally court costs for the “three counts of aggravated indecent assault against a Toronto woman.” 

Before moving in to state prison, Cosby spent time in Montgomery County Correctional Facility for a bit.

On September 25, 2018, Cosby was held in a single cell at SCI Phoenix in Pennsylvania

When he was about to be transferred to the general population in prison, the Pennsylvania Supreme Court granted permission for Cosby to appeal. The Court thought that the testimonies are not leaning more on the evidence, but on prejudice.

This happened on June 23, 2020.

Defamation Lawsuit Settlement

In April 2019. it was found out that seven of the victims who accused Cosby of sexual assault were allegedly lying. As a consequence, AIG, Cosby’s home insurance company, settled a federal defamation lawsuit.

The sexual allegations, however, took place many decades ago spanning from 1969 to 1992, rendering them invalid to qualify for any criminal charges.

How Bill Cosby Spends His Money

To date, Cosby has already lost millions on legal defenses and potentially could lose some more for future damages.

This is what ultimately led to his financial collapse.

But before Cosby’s conviction, Cosby spent his money on real estate and art collection.

Much of his wealth is invested on several expensive properties. He invested $80 million on their Beverly Hills Mansion alone.

Art Collection

Cosby’s art collection started way back in the 60s and they are proud to have “the most significant art collection in the hands of an African American Family,” one web site says.

Their art collection, which are valued at approximately $150 million, includes several rare items by Renoir, Thomas Hart Benton, Rembrandt, Matisse, and Picasso.

Cosby also put his money on his vintage car collection.

Also, he once had a private jet named after his wife, Camille.

Bill Cosby Home Sites

Pacific Palisades Home

Purchased for $2.55 million, around $10 million today, Cosby basked in this spectacular Tudor Revival Style Los Angeles home which was a very trendy style back in the 80s.

It is surrounded by huge pine trees, giving Bill Cosby and his family a lot of privacy.

Massachusetts Home

In related articles, you will read about this mansion’s Olympic-sized pool where Bill Cosby’s wife, Camille, was reportedly seen at least three times a day, even while in the midst of the scandals. She was also seen with her female friends boating in the lake.

Inside this huge estate are five other buildings.

Mansion in Elkins Park

Bill Cosby Cars

Jets

Fast Facts About Bill Cosby

  1. Bill Cosby realize he had a knack for comedy when he worked as a bartender in Philadelphia.
  2. Despite his growing success in acting career, Cosby pursued his academics and got a Doctorate degree in Education from the University of Massachusetts Amherst.
  3. Cosby has five children with his wife, Camille. The only son got murdered in 1997 in Los Angeles while changing a flat tire.
  4. Cosby’s mother was a maid and William Henry Cosby Sr., worked as a cook in the Navy. Bill helped his mom by working odd jobs in exchange for some cash.
  5. Cosby dropped out of school and joined the Hospital Corps in the Navy. He worked there for four years.
  6. He loved sports and he excelled in his academics. He was class president and captain of the track and field, and baseball teams.
  7. His career fell from grace quite tragically because of the sexual allegations by 60 victims as reported in the Los Angeles Times.

 

Bill Cosby Philanthropy

After his son Ennis’ sudden demise, they put up the Hello Friend/ Ennis William Cosby Foundation to make money for underprivileged and troubled youths.

Bill Cosby has been supporting several charities:

  • Airlift Research Foundation
  • Bob Woodruff Foundation
  • Children’s Miracle Network Hospitals
  • Jackie Robinson Foundation
  • Jumpstart
  • Keep A Child Alive
  • Robert F Kennedy Memorial

Even with these notable and noble efforts, the public was unforgiving. Several of Cosby’s beneficiaries and foundations have severed ties with him.

5 Lessons From Bill Cosby

There are five lessons you can learn from Cosby:

  1. Be real. Be genuine.
  2. Unless sexual predators are convicted and dealt with, they will continue to harm others.
  3. Most victims are seen lying or simply disregarded until the worst happens.
  4. Be mindful of the details and always be proactive.
  5. Practice transparency at all times.
  6. Be transparent.

Frequently Asked Questions (FAQs)

Is Bill Cosby Still Married?

Yes, they are still married even after Bill Cosby was convicted.

How Much Did The Cosby Show Make?

It earned a whopping $2.5 billion in revenue, $1 billion of which came from advertising and the rest from syndication.

What Happened With Bill Cosby? What Was Bill Cosby Convicted For?

Bill Cosby was convicted on three counts of aggravated indecent assault on April 26, 2018 and was sentenced to three to ten years in state prison on September 25, 2018.

He was also fined a total of $25,000, along with the prosecution costs at $43, 611.

What is Bill Cosby Net Worth?

Bill Cosby Net Worth is estimated at $400 million.

What was Bill Cosby Net Worth in 1992?

Bill Cosby Net Worth way back in 1992 was $300 million.

How Much Is Bill Cosby's Wife Worth?

Camille Cosby, Bill Cosby’s wife, has a net worth of $20 million as a manager and producer.

Summary: Bill Cosby Net Worth

At 80 years old, this must be one of the most unfortunate things that could happen to someone’s career like Bill Cosby’s.

He was found guilty of three counts of indecent assault at a time when he thought he was indestructible and invincible. In related articles, you would read a lot about the shocking and sometimes brutal sentiments of his former fans.

His shameful actions against those 60 women overshadowed the legendary legacy he once had.

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