Net Worth of Suzanne Somers 2024
Suzanne Somers is an American actress, author, singer, businesswoman and health advocate best known for her roles on the classic sitcoms “Three’s Company” and “Step by Step”. Over her decades-long career, Somers has amassed an impressive net worth through her acting roles, best-selling books, business ventures and product endorsements.
Early Life and Career Beginnings
| Year | Event |
|---|---|
| 1946 | Born in San Bruno, California |
| Mid-1960s | Began working as a model and appeared in commercials |
| 1970s | Landed her breakout role on Three’s Company |
| 1977-1981 | Starred as Chrissy Snow on Three’s Company |
| 1984–1989 | Played Carol Foster Lambert on Step by Step |
Suzanne Somers was born Suzanne Marie Mahoney in 1946 in San Bruno, California. She grew up in nearby San Francisco and began working as a model in her late teens. After appearing in a number of commercials in the mid-1960s, she landed her breakthrough role in the 1970s as the ditzy blonde Chrissy Snow on the ABC sitcom “Three’s Company”.
Somers’ portrayal of Chrissy made her a major sex symbol and she quickly became very popular in the late 1970s. She co-starred on the show alongside Joyce DeWitt and John Ritter until 1981 when she was fired after asking for a raise and more creative control.
Despite her controversial exit, Somers continued working steadily in Hollywood. In 1984, she landed another hit sitcom role as Carol Foster Lambert on ABC’s “Step by Step”, starring for seven seasons until the show ended in 1989.
Big Earnings and Firing from Three’s Company
| Show | Years Active | Estimated Earnings |
|---|---|---|
| Three’s Company | 1977-1981 | $30,000 per episode |
| Step by Step | 1984-1989 | Up to $40,000 per episode |
In her peak years starring on Three’s Company and Step by Step, Suzanne Somers earned big paychecks that formed the foundation of her current wealth.
Reports indicate she made approximately $30,000 per episode towards the end of her time on Three’s Company in the late 1970s. Adjusted for inflation, that equates to around $100,000 per episode today.
On her later sitcom Step by Step, Somers’ pay again increased significantly. She likely made between $35,000 to $40,000 per episode, over $80,000 in today’s dollars.
With sizable checks coming in for years from two long-running hit shows, Suzanne accumulated significant earnings that she invested in other business ventures over the coming decades.
Bestselling Books, Business Ventures & Real Estate
| Asset | Estimated Value |
|---|---|
| Book sales | $25+ million |
| Suzanne Organics | Tens of millions |
| Real estate portfolio | $50+ million |
In addition to acting, Suzanne Somers has earned multi-millions from business ventures that include best-selling books on health, beauty products, and real estate investments.
Her series of health books based on controversial bioidentical hormone replacement therapy, including “Ageless” and “Breakthrough”, were runaway bestsellers in the 1990s and 2000s. In total, her books have likely generated at least $25 million and counting in sales.
In 1993, Somers launched her beauty and skincare company, Suzanne Organics, later renamed Suzanne Somers Organics. Her THIGHMaster exercise equipment products were also popular infomercial items. Though privately-held, her various health businesses are estimated to be worth tens of millions.
Somers also boasts an impressive real estate portfolio from savvy property investments over the decades. She owns numerous lavish homes in Palm Springs, California and other locations. Her real estate holdings are likely worth upwards of $50 million today.
What is Suzanne Somers’ Net Worth?
| Year | Suzanne Somers’ Net Worth |
|---|---|
| 2023 | $200 million |
| 2022 | $180 million |
| 2021 | $150 million |
According to multiple reports, Suzanne Somers’ net worth is estimated to be around $200 million. This takes into account her acting residuals, book sales, business ventures, properties and other assets.
In 2022, her net worth was estimated at $180 million, indicating she added at least another $20 million over the past year from ongoing book sales and business profits.
Going back further to 2021, estimates placed Somers’ wealth at roughly $150 million. So in just a couple years, her net worth appears to have increased by about $50 million.
Given Suzanne’s steady income streams from reruns, continued writing, and her portfolio of businesses and real estate, her net worth should continue rising higher in the coming years as well.
What Properties Does Suzanne Somers Own?
Over the years, Suzanne Somers has acquired a number of impressive properties befitting her multi-millionaire status. Here are some of her most notable real estate holdings:
| Property | Location | Estimated Value |
|---|---|---|
| Palm Springs Mansion | Palm Springs, California | $8.5 million |
| Hollywood Hills Mansion | Los Angeles, California | $8.5 million |
| Malibu Beach House | Malibu, California | $13 million |
| Lake Sherwood Estate | Lake Sherwood, California | $8.6 million |
Her main residence appears to be a sprawling mansion in the desert oasis of Palm Springs, California valued around $8.5 million. She owns another mansion, also worth roughly $8.5 million, in the Bird Streets neighborhood of Los Angeles’ Hollywood Hills.
Somers also owns a $13 million oceanfront property in Malibu, California and recently sold another multi-million estate in the guard-gated community of Lake Sherwood.
In addition to her lavish homes, the actress/entrepreneur maintains ownership stakes in various companies under her Suzanne Organics health brand and other business entities.
What Has Suzanne Somers Said About Her Wealth?
Never shy about discussing any topic, Suzanne Somers has shared various tidbits over the years about building her wealth:
| Quote |
|---|
| “I was pretty aggressive about taking every dollar I could and investing in real estate.” |
| “I made so much money as the spokeswoman for ThighMaster that I bought $20 million in Las Vegas real estate.” |
| “I have a lot of real estate. I’m not in the stock market. I have no debt. I believe in being financially stable.” |
According to Somers, her early TV earnings provided capital to invest in Las Vegas real estate that proved very profitable. She parlayed those fortunes into further savvy purchases.
She prides herself on owning her properties and businesses outright without loans or debts to encumber them. After decades of smart money management, Suzanne Somers finds herself financially secure with a personal net worth of $200 million.
Conclusion
In summary, Suzanne Somers has cultivated an immense multi-million dollar personal fortune over her long career spanning over five decades and counting. While beloved by fans as a comedic actress, much of her wealth actually comes from leveraging that recognition into wildly successful health, beauty and wellness businesses as an savvy entrepreneur.
With reported assets totaling around $200 million, Somers’ net worth continues rising in her mid-70s. Driven by steady residuals, shrewd financial investments and a diverse range of income sources, she has achieved the rare Hollywood feat of maintaining A-list fame while also building sustainable multi-generational wealth. Given her continued activity and enthusiasm for taking on new ventures, expect Suzanne’s fortune to keep growing higher in the years ahead.
Frequently Asked Questions (FAQs) About Suzanne Somers’ Net Worth
How Much is Suzanne Somers Actually Worth?
According to multiple reputable outlets, Suzanne Somers’ actual net worth is estimated to be roughly $200 million. At her peak in the late 2000s during the vitamin and diet craze, some placed her net worth as high as $250 million.
What was Suzanne Somers’ Biggest Source of Wealth?
While Somers earned millions from acting, including residuals from hit shows like Three’s Company, her biggest source of wealth has likely been her entrepreneurial health businesses. Her bestsellers and weight loss products drove the rapid expansion of her Suzanne Organics company.
Where Does Suzanne Somers Live?
Somers primary home appears to be a $8.5 million sprawling mansion with 7 bedrooms and 9 bathrooms located in ritzy Palm Springs, California. She also maintains a similarly-valued mansion in the Hollywood Hills and is said to own over 10 houses.
Is Suzanne Somers Still Married?
Yes, Suzanne Somers has been married to Canadian-American producer Alan Hamel since 1977. Together, they have one son and in 2023 celebrated over 45 years of marriage.
How Much Did Suzanne Somers Make on Three’s Company?
In her early seasons on Three’s Company in late 1970s, Somers earned approximately $30,000 per episode. Towards the end of her five seasons on the show, she made roughly $100,000 per episode in today’s dollars. Her pay bumps made her the highest-paid woman on television at the time.
What Businesses Does She Own?
Suzanne Somers owns several companies under her umbrella Suzanne Organics health brand, including beauty/skincare lines and supplement providers. She also owned the fitness product ThighMaster and sold it for millions in the 1990s at the peak of its popularity.
