Paul Shaffer Net Worth (Updated 2025).
Paul Shaffer, born on November 28, 1949, in Thunder Bay, Ontario, Canada, began his musical journey at an early age. He started playing the piano at the age of nine and by his teens, he was already performing in local bands and on television shows. His professional career took off in the late 1970s when he moved to the United States and became a member of the original house band for the NBC comedy show “Saturday Night Live” (SNL), known as the “SNL Band.” Shaffer’s role on the show, which lasted from 1975 to 1980, brought him significant recognition and paved the way for his future success.
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Paul Shaffer’s Current Net Worth (2025)
As of 2025, Paul Shaffer’s net worth is estimated to be around $60 million. This figure reflects his successful career in music and television, spanning over four decades.
Career
Paul Shaffer, born in 1948, is a Canadian-American musician, actor, and comedian. He is best known for his role as the bandleader on “The Late Show with David Letterman,” a position he held from 1982 to 2015. Shaffer has also worked as a composer, arranger, and producer for numerous artists, including B.B. King, Diana Ross, and the Blues Brothers. His musical prowess has earned him 15 Emmy Awards and 23 nominations.
Other Ventures
In addition to his work in music and television, Shaffer has also ventured into acting. He has appeared in several films and television shows, including “This Is Spinal Tap,” “Saturday Night Live,” and “The Simpsons.” Shaffer has also written a memoir, “We’ll Be Here for the Rest of Our Lives: A Swingin’ Showbiz Saga,” which was published in 2018.
Assets
Shaffer’s assets include his New York City apartment, which he purchased in 2006 for $3.5 million. He also owns properties in Canada, including a cottage in Ontario. Shaffer’s music studio, The Cavern, is another significant asset, housing an extensive collection of vintage instruments and equipment. His vast music library and publishing rights also contribute to his overall net worth.
Annual Income
While specifics about Shaffer’s annual income are not publicly disclosed, it’s estimated that he earns a substantial amount from his various endeavors. His salary from “The Late Show with David Letterman” was reportedly around $5 million per year. Additionally, he earns income from his music production work, acting roles, and book royalties. Shaffer’s annual income is likely to be in the millions, given his extensive career and diverse revenue streams.
Frequently Asked Questions about Paul Shaffer
1. What is Paul Shaffer’s net worth?
Paul Shaffer’s net worth is estimated to be around $65 million.
2. How old is Paul Shaffer?
Paul Shaffer was born on November 28, 1949, making him 73 years old.
3. Where was Paul Shaffer born?
Paul Shaffer was born in Thunder Bay, Ontario, Canada.
4. What is Paul Shaffer’s primary source of income?
Paul Shaffer’s primary source of income is his career as a musician, actor, and comedian. He is best known for his work as the musical director and sidekick on “The Late Show with David Letterman”.
5. How long did Paul Shaffer work with David Letterman?
Paul Shaffer worked with David Letterman from 1982 to 2015, spanning over three decades.
6. What other TV shows has Paul Shaffer appeared on?
Paul Shaffer has appeared on various TV shows, including “Saturday Night Live”, “The Tonight Show Starring Jimmy Fallon”, “The Simpsons”, and “How I Met Your Mother”.
7. Is Paul Shaffer married?
Yes, Paul Shaffer is married to Catherine McPhee, whom he met while working on “The Late Show with David Letterman”. They got married in 2009.
8. Does Paul Shaffer have any children?
No, Paul Shaffer and his wife Catherine McPhee do not have any children together. Shaffer has a daughter from a previous relationship.
9. What is Paul Shaffer’s height?
Paul Shaffer is 6 feet 1 inch (1.85 meters) tall.
10. What awards has Paul Shaffer won?
Paul Shaffer has won two Emmy Awards for his work on “The Late Show with David Letterman”. He has also been nominated for several other awards, including Grammy Awards.
