Geraldo Rivera Departs Fox News, creating ripples in the media landscape after his exit from the controversial program The Five. He made his mark on the Fox News Channel from 2001 to 2023.
Before joining Fox News, he hosted the popular tabloid talk show Geraldo from 1987 to 1998, captivating audiences with his charismatic style.
However, his highly publicized 1986 live T.V. special, “The Mystery of Al Capone’s Vault,” propelled him into the spotlight.
Despite the vault turning out to be empty, Rivera’s captivating presence and knack for engaging storytelling cemented his status as a well-known figure in the media landscape for decades.
Geraldo Rivera Departs Fox News
Veteran television personality Rivera made headlines when he announced his departure from Fox News after being fired from the program “The Five.”
In a video posted on Twitter, Rivera confirmed that he would no longer be a part of the network’s 5 pm talk show, stating, “I’ve been fired from ‘The Five.'”
This prompted him to decide to quit Fox News altogether. Rivera, who had been associated with the right-wing network since 2001, promised to provide more details about his departure during his appearance on the “Fox and Friends” program the following morning.
Fox News released a statement acknowledging an amicable resolution with Rivera over the past few weeks and expressing their intent to honour him during his final appearance on “Fox & Friends.”
Rivera’s exit follows his recent announcement that his tenure as one of the rotating liberal-leaning co-hosts on “The Five” was ending.
However, he initially intended to continue as a correspondent at large for the network.
The departure from Fox News coincided with tensions involving network star Greg Gutfeld.
Rivera had previously criticized Tucker Carlson’s conspiracy theories regarding the January 6 attack on the U.S. Capitol, leading to a rebuke from Gutfeld in April.
These developments likely contributed to the underlying reasons for Rivera’s departure.
During his farewell appearance on “Fox and Friends,” Rivera expressed gratitude for his two-decade-long association with Fox News, extending his appreciation to the network staff.
He took the opportunity to discuss the Supreme Court’s recent decision, which negatively impacted affirmative action in college admissions.
Rivera, who considered himself a product of affirmative action over half a century ago, emphasized the potential impact on people of colour due to the court’s ruling.
Rivera’s departure from Fox News marks the end of a long and eventful chapter in his career, leaving behind a legacy of influential television hosting, journalistic work, and political commentary.
Geraldo Rivera Career Earnings And Net Worth 2023
Geraldo Rivera, a renowned television personality, has accumulated a net worth estimated at $25 million.
His primary source of income was his work at Fox News, where he earned an annual salary of $2 million.
Having been associated with Fox News for over two decades, Rivera’s salary has grown substantially since he joined the network in 2001 with a salary of $300,000.
In addition to his work in broadcasting, Rivera is a successful author with several best-selling books to his name.
His book sales generate significant royalty income, contributing to his overall earnings.
While specific figures for his book sales and royalty income are not provided, it is stated that Rivera earns millions of dollars annually from this source.
The net worth breakdown reveals that Rivera’s assets amount to $12 million, while his liabilities and loans total $5 million. He has also made investments amounting to $13 million.
These investments likely contribute to his overall financial stability and wealth accumulation.
Rivera has achieved notable success and recognition in the media industry, translating into substantial earnings and a comfortable net worth.
Geraldo Rivera Investments
Rivera’s assets consist of a diverse portfolio. He owns seven real estate properties, which likely generate rental income. Additionally, he possesses six cars and a luxury yacht.
Rivera also maintains a substantial cash reserve of over $5 million.
Regarding investments, Geraldo Rivera has an investment portfolio comprising eight stocks with a total value of $3 million.
Some notable stocks in his portfolio include Microsoft, Southwest Airlines, Wells Fargo, and Costco.
These investments contribute to his overall financial position.
Rivera’s annual income is derived from various sources. His real estate properties yield rental income, which is over $280,000 annually.
Moreover, he holds bank deposits and government bonds valued at over $4 million, generating interest and dividend payments.
These sources’ combined dividend and interest income add $350,000 to Rivera’s annual earnings.
Geraldo Rivera Career Growth
Geraldo Rivera has had a diverse and eventful career in the media industry.
He gained national attention in 1972 when he won a Peabody Award for his report on the neglect and abuse of patients with intellectual disabilities at Willowbrook State School and Letchworth Village.
Rivera started appearing on ABC national programs like 20/20 and Nightline in the late 1970s.
In 1987, he began hosting his daytime talk show, “Geraldo,” which ran for 11 years and often featured controversial guests and theatricality.
The show received praise and criticism, with some referring to it as “Trash T.V.”
Rivera has worked for various news organizations throughout his career. He hosted the news and interview show “Rivera Live” on CNBC from 1994 to 2001.
He also served as a war correspondent for Fox News after the September 11 attacks and reported from Afghanistan and Iraq.
Throughout his career, Rivera has been involved in several controversies. He faced criticism for disclosing sensitive information while reporting in Iraq and for his comments on Trayvon Martin’s hoodie.
He has also been involved in public disputes with colleagues like Michelle Malkin.
Besides his television career, Rivera has appeared on reality shows like “Dancing with the Stars” and has written books.
He has hosted radio talk shows and continues to make regular appearances on Fox News.
In June 2023, Rivera announced his departure from the program “The Five” and his resignation from Fox News after 23 years, citing growing tensions beyond editorial differences.