E-NEWS: Oprah Winfrey Gets Money
Posted Sept. 28, 2007 - Whoever said talk is cheap clearly never had Oprah Winfrey in mind. According to Forbes magazine, Winfrey overwhelmingly topped the list of the highest-paid TV celebrities leading the way by earning an $260 million between June 2006 and June 2007.
Nobody else came close.
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Coming in number two was Jerry Seinfeld earning $60 million. David Letterman grabbed the fourth slot bringing in $40 million in the same period from his "Late Night with David Letterman." Simon Cowell, the judge on top-rated talent show "American Idol" earned $45 million to land at No. 3, and Donald Trump, whose boisterous exclamation "You're Fired" from reality show "The Apprentice" became part of the pop culture lexicon, was No. 5 with $32 million.
Oprah's success showed that it pays to own and produce either all or part of your shows, like Oprah. That notion becomes abundantly clear in the No. 2 slot, where Jerry Seinfeld sits with $60 million earned mostly from reruns of his co-owned 1990's sitcom "Seinfeld.