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.
George Costanza a.k.a Jason Alexander has a net worth of $80 Million as of 2024. Considered one of the richest comedians by Forbes, Alexander still earns $6 million annually from the Seinfeld as royalty income.
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 |
Jason Alexander Net Worth
| Net Worth | $80 Million |
| Annual Income | $7 Million |
| Seinfeld Salary | $250,000 per episode |
| Real Estate Assets | $25 Million |
| Monthly Spends | $160,000 |
Seinfeld Earnings
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.
During the initial four seasons of Seinfeld, Alexander earned $70,000 for each episode. During the fifth season, he negotiated a new deal, and his salary was increased to $125,000 per episode. During the final two seasons of the show, Alexander was paid a record sum of $200k per episode.
Divorce Settlement
Michael 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 Income
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.
Alexander is one of the biggest standup comedians who sold over a million tickets through his shows. In the 1980s and 90s, he was earning over $10,000 from each show. By the 2000s, his income from each show stood at $70,000.
FAQs
Jason Alexander earned over $35 Million from all seasons of Seinfeld.
After Seinfeld, Alexander acted in a few films but did not taste big commercial success. However, his career as a Standup comedian took off.
No. As Alexander mentioned in a recent interview, he is not close with Jerry Seinfeld.