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From Making "SNL" a Success to Producing Films Like "Mean Girls": Lorne Michaels' Work and Net Worth

Beyond "SNL," Michaels had executive producing roles in "The Tonight Show Starring Jimmy Fallon," "30 Rock," "A.P. Bio," and "Late Night with Seth Myers."

BY SAHIB PREET SINGH

PUBLISHED JAN 7, 2024

Lorne Michaels attends Apple's "Killers of the Flower Moon" New York premiere at Alice Tully Hall | Getty Images | Photo by Dia Dipasupil

Name	Lorne Michaels
Net Worth	$500 Million
Salary	$1 – 5 Million
Annual Income	$30 – 40 Million+
Sources of Income	Acting, production and comedy
Gender	Male
Date of Birth	Nov 17, 1944
Age	79
Nationality	American
Profession	Screenwriter, producer, actor, comedian

What is Lorne Michaels’ net worth?

The producer behind more than twenty films, including hits like "Wayne's World," "Mean Girls," and "Black Sheep," Lorne Michaels has an estimated net worth of $500 million as of Jan 2024, as per Celebrity Net Worth. This impressive wealth reflects his successful career as a producer, writer, and creator of some of the most influential shows in American television history. His journey began in Canada with the Canadian Broadcasting Corporation (CBC), where he honed his skills in comedy writing and production. This early experience laid the groundwork for his unique comedic style, marked by sharp wit and insightful social commentary. His partnership with Paramount for three decades and later with NBC Universal underlines his pivotal role in film development. On the small screen, he is known for his significant contributions to shows like "Saturday Night Live," "The Tonight Show," and "Late Night" series.

Lorne Michaels, winner of Outstanding Variety Sketch Series for "Saturday Night Live" | Getty Images | Photo by Rich Fury

What are Lorne Michaels’ sources of income?

Lorne Michaels' multifaceted career in the entertainment industry, encompassing roles as a producer, writer, and creator, has contributed to numerous sources of income over the years. After moving to Los Angeles in the early 1970s, Michaels expanded his portfolio, contributing to shows like "Rowan & Martin's Laugh-In" and "The Beautiful Phyllis Diller Show." However, his breakthrough and primary source of income came with the creation of "Saturday Night Live" (SNL) in 1975.

Tina Fey, Lorne Michaels and Jeff Richmond attending the Broadway Opening Night Performance of "Mean Girls" | Getty Images | Photo by Walter McBride

Under his leadership, "SNL" not only became a cultural phenomenon but also a platform that shaped the landscape of American comedy. Beyond "SNL," Michaels extended his influence in television through executive producing roles in series such as "The Tonight Show Starring Jimmy Fallon," "30 Rock," "A.P. Bio," and "Late Night with Seth Myers."

Lorne Michaels arrives at the 70th Emmy Awards on September 17, 2018 | Getty Images | Photo by Matt Winkelmeyer

Real estate and other assets

Michaels has invested in a remarkable real estate portfolio in New York State, as indicated by tax records. His assets include a luxurious apartment in The Brentmore, a prestigious building known for its panoramic views of Central Park. The Brentmore is not just an ordinary residence; it's a home to a constellation of celebrities, including names like Robert De Niro, Paul Simon, Harvey Weinstein, Sting, and Clive Davis. The value of Michaels' apartment in this illustrious setting is estimated to exceed $25 million.

Beyond the urban luxury of The Brentmore, Michaels takes great pride in his property in Amagansett, New York, situated in the upscale area of East Hampton. This custom-built residence is nestled on an expansive plot of over 3 acres. It boasts a vast lawn and is conveniently located a short stroll away from the beach, offering both luxury and tranquillity.

Susan St. James and SNL executive producer Lorne Michaels chat during the dinner held after the screening of "Ithuteng" | Getty Images | Photo by Fernando Leon

Personal life

Lorne Michaels was born Lorne David Lipowitz on November 17, 1944, in Toronto, Ontario, Canada, to Florence and Henry Abraham Lipowitz. Some accounts suggest he was born in Israel, with his family immigrating to Toronto during his infancy. Raised in Toronto, Michaels attended Forest Hill Collegiate Institute and graduated from University College in 1966, majoring in English. Lorne Michaels has been married three times. His first marriage was to Rosie Shuster, daughter of comedy mentor Frank Shuster, lasting from 1971 to 1980. Rosie Shuster collaborated with him as a writer on "SNL." His second marriage to model Susan Forristal spanned from 1981 to 1987. In 1991, Michaels married his former assistant Alice Barry. The couple has three children.

Awards

Primetime Emmy Awards: Outstanding Variety Sketch Series (2022) for "Saturday Night Live", Outstanding Writing for a Variety Series (2023): Nominee for "Saturday Night Live"

CableACE Awards: Nominee, Comedy Series (1993 & 1994) for "The Kids in the Hall"

Costume Designers Guild Awards: Distinguished Collaborator Award (2013): Personal Achievement

Gemini Awards: Best Comedy Series (1993 & 1994) for Winner of "The Kids in the Hall"

PGA Awards: Nominee, Outstanding Producer of Live Entertainment & Talk Television (2017-2021) for "Saturday Night Live"

Television Critics Association Awards: Career Achievement Award (2008): Personal Achievement

Kennedy Center Honors (2021): Lifetime Achievement in Comedy and Television

FAQs

What is one of Lorne Michaels' notable skills in the realm of comedy and entertainment?

Lorne Michaels is recognized for his keen eye for satire, enabling him to navigate and contribute to the dynamic landscape of political and social commentary on SNL.

Has Lorne Michaels been involved in any other television productions besides "SNL"?

Yes, Lorne Michaels has been the executive producer of "The Tonight Show Starring Jimmy Fallon" since its inception, contributing to memorable moments and unforgettable skits.