By Edcel Panganiban May 12, 2024 05:54
In 2024, Al Sharpton, the American civil rights activist, Baptist minister, and radio show host, has an estimated net worth of $5 million. His financial status has been the subject of public interest and scrutiny, especially given his prominent role in civil rights activism and media presence.
Background and Early Life
Alfred Charles Sharpton Jr. was born on October 3, 1954, in Brooklyn, New York.
He's of African American descent and grew up in the Brownsville neighborhood. Sharpton attended Samuel J. Tilden High School in New York and briefly attended Brooklyn College.
Over the years, he has become one of the most recognizable figures in the American Baptist church and in Democratic politics.
Career and Income Sources
Al Sharpton has built his fortune through his ministries, speaking fees, and various political activities.
His radio show, "Keepen’ It Real," with national syndication across 40 markets 5 days a week, along with his role as the host of MSNBC’s "PoliticsNation," are significant sources of income for him.
Hosting "PoliticsNation" on MSNBC, one of the legacy media giants, is likely his biggest source of income, potentially earning him millions each year.
Rev. Al Sharpton @thereval talks about the importance of African Americans seeking assistance for their mental health in this week’s Rise Up. pic.twitter.com/GmEUBNc2V0
— PoliticsNation (@PoliticsNation) May 5, 2024
Earnings & Financial Data
Some key financial details include:
- In 2012, Sharpton earned a per-season salary of $500,000 as the host of "PoliticsNation" on MSNBC.
- He also received a $200,000 lawsuit settlement from a 12-year lawsuit following a 1991 stabbing before a rally in Brooklyn.
Alleged Financial Problems
In November 2014, a New York Times exposé reported that Al Sharpton was allegedly facing serious financial problems. The report claimed that he and his businesses owed $4.5 million in state and federal back taxes, with approximately $3.7 million being his personal tax debt. Although Sharpton refuted these claims, the details raised concerns about his financial standing.
Personal Assets and Properties
Apart from his net worth, Sharpton reportedly owns several properties, including his family home in Cullman, Alabama, with an estimated value of $150,000, and a $2.1 million penthouse in New York's Upper East Side. Notably, he purchased a Rolls Royce Phantom in 2014, showcasing a lavish lifestyle.
Political Campaigns and Financial Issues
Throughout his career, Sharpton has run for various elected offices and presidential campaigns.But his political endeavors have been marred by financial issues.
For instance, in 2004, his presidential campaign faced challenges due to financial discrepancies, resulting in a fine imposed by the Federal Election Commission.
In 2024, Al Sharpton's net worth is estimated to be $5 million, primarily derived from his radio and television shows, speaking engagements, and various political activities.
Despite financial challenges and controversies surrounding his tax obligations, Sharpton remains a prominent figure in civil rights activism and continues to be a significant voice in American media and politics.
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