Mike Wallace, born in 1918, began his broadcasting career in the late 1930s, working for various radio stations across the United States. He honed his interviewing skills during this time, becoming known for his thorough research and ability to ask challenging questions.

Wallace’s fame began to rise in the 1950s when he joined CBS’s news division. He co-created and hosted the groundbreaking news program “60 Minutes,” which debuted in 1968. His fearless and in-depth interviews with prominent figures, including political leaders and celebrities, quickly made him a household name.

**Mike Wallace’s Net Worth in 2025**

As of 2025, Mike Wallace’s net worth is estimated to be $20 million. This figure reflects his successful career in journalism and his various business ventures.

**Career**

Mike Wallace, a renowned journalist, is best known for his work on the CBS news program 60 Minutes. He began his career in radio and later transitioned to television, becoming a pioneer in investigative journalism. Wallace’s notable interviews include world leaders, celebrities, and controversial figures, earning him numerous awards and accolades.

**Other Ventures**

In addition to his journalism career, Mike Wallace has ventured into other business opportunities. He co-founded the production company Wallace & Hirsch, which produced several documentaries and television specials. Moreover, he has authored books and lectured at universities, further diversifying his income streams.

**Assets**

Mike Wallace’s assets include real estate properties, primarily in New York City where he resided. He also owns a collection of classic cars, art pieces, and a substantial portfolio of stocks and bonds. His most valuable asset, however, is his extensive library of interviews and footage from his career, which has been donated to the Mary and Michael G. Wallerstein Archive at the University of Texas at Austin.

**Annual Income**

Mike Wallace’s annual income primarily comes from his work as a journalist and the royalties from his books. However, his exact annual earnings are not publicly disclosed. It’s estimated that his annual income from 60 Minutes alone was in the millions, given his prominent role and the show’s high ratings. Additionally, his production company and speaking engagements contribute to his annual earnings.

Frequently Asked Questions about  Mike Wallace

What was Mike Wallace’s net worth?

Mike Wallace’s net worth was estimated to be around $20 million.

When was Mike Wallace born?

Mike Wallace was born on May 9, 1918.

When did Mike Wallace pass away?

Mike Wallace passed away on April 7, 2012.

What was Mike Wallace’s profession?

Mike Wallace was a journalist, news anchor, and interviewer. He was best known for his work on the television news program 60 Minutes.

Where was Mike Wallace born?

Mike Wallace was born in Brookline, Massachusetts.

What was Mike Wallace’s education background?

Mike Wallace graduated from the University of Michigan with a degree in English in 1941.

What awards did Mike Wallace win?

Mike Wallace won numerous awards throughout his career, including 21 Emmy Awards, a George Polk Award, and a Lifetime Achievement Emmy.

What was Mike Wallace’s most famous work?

Mike Wallace is most famous for his work on the television news program 60 Minutes, where he served as a correspondent and interviewer from 1968 until his retirement in 2008.

What was Mike Wallace’s interviewing style like?

Mike Wallace was known for his aggressive and thorough interviewing style, often asking difficult and probing questions to get to the heart of a story.

What was Mike Wallace’s impact on journalism?

Mike Wallace is widely regarded as one of the most influential journalists of the 20th century. He helped to establish investigative journalism as a respected and important part of television news, and his work on 60 Minutes helped to make the program one of the most successful and longest-running television shows in history.