Lorne Michaels Net Worth

Lorne David Lipowitz (Lorne Michaels) is a Canadian-American actor, comedian, film and television producer and screenwriter.

Michaels is best known for creating and producing Saturday Night Live (1975–1980, 1985–present) and producing the Late Night series (since 1993), The Kids in the Hall (from 1989 to 1995) and The Tonight Show (since 2014).

Michaels began his career as a writer and broadcaster for CBC Radio.

Michaels then moved to Los Angeles from Toronto in 1968 to work as a writer for Rowan & Martin’s Laugh-In and The Beautiful Phyllis Diller Show.

Michaels starred with Hart Pomerantz in The Hart and Lorne Terrific Hour, a series of comedy specials that ran on CBC in the early 1970s.

In 1975, Michaels created (with fellow NBC employee Dick Ebersol and president of the network Herb Schlosser) the TV show NBC’s Saturday Night, which in 1977 changed its name to Saturday Night Live (SNL).

Michaels’s best-known appearance on SNL occurred in the first season when he offered The Beatles $3,000 (a deliberately paltry sum) to reunite on the show.

Michaels later increased his offer to $3,200, but the money was never claimed.

Michaels founded the production company Broadway Video in 1979, which has produced SNL since 1981 as well as other shows such as Canadian sketch-comedy The Kids in the Hall which began airing in 1988 on CBC in Canada, debuting in the US market in 1989 on cable television network HBO until moving to CBS in 1993.

Michaels is also the executive producer of the NBC show Late Night, and was the executive producer of 30 Rock and Up All Night during their runs.

On April 3, 2013, it was announced that Michaels would be taking over as the executive producer for The Tonight Show.

Subsequently, The Tonight Show moved to New York in early 2014 as The Tonight Show Starring Jimmy Fallon.

Michaels has an estimated net worth of $500 million.