Pat Robertson is a name that is likely familiar to many Americans, particularly those who are part of the Christian community. However, according to the celebrity net worth, Pat Robertson has an estimated net worth of $100 million.
Throughout his long and influential career, Robertson has become one of the most recognizable and controversial televangelist figures.
In this article, we’ll dive into Pat Robertson’s net worth, various business ventures, and some controversies surrounding his finances and philanthropy.
Pat Robertson Net Worth
Pat Robertson net worth is a topic of much speculation, with various sources estimating his wealth to be anywhere from $100 million to $1 billion.
While it’s difficult to pinpoint an exact figure, it’s clear that Robertson has amassed a significant fortune throughout his career.
As mentioned earlier, much of Robertson’s wealth is derived from his ownership of the Christian Broadcasting Network, which he founded in the early 1960s. Over the years, CBN has grown into one of the largest Christian media organizations in the world, with millions of viewers and listeners tuning in to its various television and radio programs each day.
In addition to CBN, Robertson has invested in real estate and other business ventures. He is the founder and chairman of the International Family Entertainment Inc. Foundation, which owns the popular children’s television network, the Family Channel. Additionally, he has invested in various other companies and properties, including a diamond mine in Africa.
Early Life and Education
Robertson was born on March 22, 1930, in Lexington, Virginia, the son of Atholl and Gladys Churchill Robertson. He attended the prestigious McCallie School, a private military academy in Chattanooga, Tennessee, where he was a standout athlete and student. After graduating from McCallie in 1948, Robertson attended Washington and Lee University with a Bachelor of Arts in History in 1950. After college, Robertson enlisted in the United States Marine Corps. He served as a fighter pilot and flight instructor.
In 1952, Robertson enrolled at Yale Law School, where he excelled academically, graduating in 1955. While at Yale, Robertson was an active member of the Yale Political Union and editor-in-chief of the Yale Law Journal. After law school, Robertson returned to Virginia, where he began practicing law. In 1960, he was elected to the Virginia Senate, where he served as a conservative legislator.
Throughout his life, Robertson has credited his religious faith and education with helping to shape his worldview. After being ordained as a minister in the Southern Baptist Church in 1961, Robertson began pursuing an evangelist career. In 1966, he founded the Christian Broadcasting Network, which has grown into one of the world’s most influential Christian television networks.
In addition to his work with CBN, Robertson has been involved in various other business ventures throughout his career. One of his most notable projects was the creation of the Family Channel, which he founded in 1977 as the Christian Broadcasting Network Satellite Service.
The network eventually became a mainstream entertainment channel featuring popular shows like The Waltons and The Hogan Family. And he sold it to Fox Kids Worldwide in 1997 for $1.9 billion.
Robertson also founded Regent University in Virginia Beach, Virginia, in 1977. The school offers undergraduate and graduate programs in various fields, including law, business, and divinity.
Real Estate Investments
In addition to his media and education ventures, Robertson has made several real estate investments. His most notable project is the Founders Inn and Spa, a luxury hotel and conference center located on the outskirts of Virginia Beach.
The property features a golf course, several restaurants, and a spa and has been praised for its elegant design and high-end amenities.
Robertson also owns a large complex of buildings in Virginia Beach that house the Christian Broadcasting Network’s headquarters and studios. The campus includes several sound stages, production facilities, and administrative buildings worth over $200 million.
Donations and Philanthropy
Despite his immense wealth, Robertson has also famous for his charitable giving and philanthropy. He has donated millions of dollars to various causes, including disaster relief efforts, medical research, and education programs. One of his most notable donations was a $35 million gift to Regent University in 1998. Which he used to build the university’s School of Law.
In addition to his donations, Robertson also has had various philanthropic organizations over the years. He founded the American Center for Law and Justice in 1990, which provides legal advocacy and representation for conservative causes and organizations. He has also supported Operation Blessing International, a humanitarian relief organization that provides aid to people in need worldwide.
While it’s difficult to pinpoint precisely how much Pat Robertson earns in salary each year, it’s clear that he has made a significant amount of money over his career.
According to a report by Forbes, Robertson’s annual salary from the Christian Broadcasting Network was $1.1 million in 2019. However, it’s noteworthy that Robertson is also an entrepreneur and investor. And his income likely comes from various sources beyond his salary as the head of CBN.
As mentioned earlier, Pat Robertson’s net worth primarily came from his ownership of the Christian Broadcasting Network, which has grown into one of the largest Christian media organizations in the world.
In addition to CBN, Robertson has invested in real estate and other business ventures. He is the founder and chairman of the International Family Entertainment Inc. Foundation, which owns the popular children’s television network, the Family Channel.
Additionally, he founded several other organizations, including the American Center for Law and Justice. It focuses on promoting conservative causes and values in the legal sphere. Robertson has also authored several books, likely contributing to his overall income.
Why is Pat Robertson so rich?
Several factors have contributed to Pat Robertson’s immense wealth. One of the primary reasons is his ownership of the Christian Broadcasting Network (CBN). It has grown into one of the largest Christian media organizations in the world. CBN’s various television and radio programs, including The 700 Club, reach millions of viewers and listeners daily. And the network generates significant revenue through advertising and donations.
In addition to CBN, Robertson has also invested in various other business ventures. He is the founder and chairman of the International Family Entertainment Inc. Foundation, which owns the popular children’s television network, the Family Channel. Additionally, he has invested in real estate and other companies, including a diamond mine in Africa.
Another factor contributing to Robertson’s wealth is his prolific author and public speaker status. Robertson has written dozens of books on topics ranging from Christianity to politics. And he is a frequent guest on news programs and talk shows. His public speaking engagements are also known to command high fees.
FAQs on Pat Robertson Net Worth
How did Pat Robertson become so wealthy?
Pat Robertson’s net worth is primarily attributed to his ownership of the Christian Broadcasting Network, which has grown into one of the largest Christian media organizations in the world. He has also invested in real estate and other business ventures.
How much did Pat Robertson sell CBN for?
Pat Robertson sold his Christian Broadcasting Network (CBN) for $250 million. In 1961, Robertson founded CBN, which quickly became one of the largest and most influential Christian networks in the United States.
Under Robertson’s leadership, CBN established several satellite networks, expanded its presence in other countries, and launched popular television shows such as The 700 Club. Robertson used the proceeds of the sale to make donations to various charities and to fund other ventures.
How does Pat Robertson make money?
Pat Robertson, the founder of the Christian Broadcasting Network, makes money from various sources. The Christian Broadcasting Network itself is a significant source of income, as it brings in millions of dollars each year from donations, advertising and other sources.
Robertson also has a variety of investments, including stocks, bonds and real estate. He also makes money from speaking engagements and book sales. In addition, he has various media appearances and endorsements that bring in money.
Pat Robertson’s net worth is undoubtedly impressive. But it is also controversial and criticized. At the same time, his philanthropic efforts and charitable giving are to be commended. His involvement in various scandals and controversies has raised questions about his ethics and values.
Regardless of these issues, Robertson’s legacy in televangelism and media is significant. And his influence as a religious leader has touched the lives of millions of people worldwide.