Rich Dudes│How CNN Anchor Don Lemon’s Net Worth Got to $31M
Explore Don Lemon's $31 million net worth, unmasking how the CNN star built his fortune through journalism, real estate, luxurious cars, and a robust stock portfolio.
Updated Apr 20, 2023
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As a charismatic news correspondent, Don Lemon has made a splash in American broadcast journalism. Born on March 1, 1966, in Baton Rouge, Louisiana, Lemon's gripping presence and scoops-worthy journalistic skill have catapulted him to fame, making him a household name.
The renowned CNN anchor has built an impressive portfolio of 15 properties, featuring a lavish $17 million residence in Baton Rouge, a charming $3.1 million cottage in Sag Harbor, and a three-bedroom condo in Harlem.
From uncovering bombshell news stories and serving up unforgettable interviews to masterfully navigating the stormy waters of controversy, Lemon has made a name for himself as a journalistic powerhouse. Cementing his acclaimed reputation, he holds prestigious awards, including three regional Emmy awards, Edward R. Murrow Award, anchors CNN Tonight, and is a New York Times best-selling author.
However, behind the camera flashes and spotlights, Don Lemon also conquers the world of financial success. With an astounding $31 million net worth, he turns the tables on investment strategies by diversifying his income through alternative assets and bold ventures.
At Baker High School in East Baton Rouge Parish, a young Don Lemon was already turning heads. Charming his way into the hearts of his classmates, he earned the title of class president during his senior year. With this impressive feat under his belt, Lemon then set his sights on Louisiana State University and Brooklyn College, ready to conquer the world beyond his high school's walls.
Don Lemon is one charismatic force to reckon with. Alongside his newsroom triumphs, he proudly stands as one of the most influential African Americans worldwide—and also one of the most influential LGBTQ people.
Don Lemon’s net worth at a glance
Net worth | $31 million |
Born | March 1, 1966 |
Nationality | American born in Baton Rouge, Louisiana |
Occupations | TV Journalist |
Source of wealth | CNN “Don Lemon Tonight” News Commentary Program |
Asset classes | Real estate, cars, stocks |
How did Don Lemon make his money?
How did Don Lemon make his money?
Don Lemon's meteoric rise in journalism started with him as an NBC affiliate and correspondent in Philadelphia and Chicago, later dazzling TV viewers as a local news co-anchor and investigative reporter.
Lemon gradually became a household name, featuring on iconic shows like Today, NBC Nightly News, and as a weekend news anchor on Weekend Today. Lemon joined CNN as an accomplished journalist, covering huge stories like Hurricane Katrina early in his career.
Lemon shouldn’t just be pigeonholed as a news anchor. As a best-selling author of thought-provoking works like This Is The Fire: What I Say to My Friends About Racism, he's earned royalties and admiration.
The numbers reveal the real story. Since his initial $250,000 paycheck from CNN, his salary surged. Don Lemon earns $10 million per year, padded with a sweet $2 million bonus—notching Don Lemon’s net worth at $31 million.
Don Lemon announced on Twitter that he was terminated by CNN.
How does Don Lemon invest his money?
How does Don Lemon invest his money?
Don Lemon's keen eye for real estate, high-end cars, and strategic stock investments paints a vivid picture of a man who knows how to live it up while diversifying his assets.
Real estate
Don Lemon's success in real estate investments demonstrates the potential advantages of alternative investment assets. The renowned CNN anchor has built an impressive portfolio of 15 properties, such as:
- A lavish $17 million residence in Baton Rouge.
- A charming $3.1 million cottage in Sag Harbor.
- A three-bedroom condo in Harlem that he shared with his fiance, real estate agent Tim Malone which sold for $1.53 million—profiting him $37,000 since purchasing it in 2013.
These assets diversify his portfolio and offer long-term gains, showcasing the benefits of venturing into real estate.
Luxury cars
For Lemon, owning luxury cars is a tangible representation of his achievements. His impressive collection of seven vehicles boasts high-end brands such as Rolls-Royce and Lamborghini, reflecting his penchant for driving in style.
Don Lemon and fiancé Tim Malone radiate style, posing effortlessly with their eye-catching vintage gem.
Source: Instagram
Lemon's automotive journey began with a red Volkswagen Beetle, and now he owns some of the world's most sought-after vintage and exotic cars, like the Zenvo ST1 and Polestar 1, priced at $1.2 million and $155,000, respectively. He takes immense pride in driving his prized possessions: the $1.2 million Rolls-Royce Dawn and the Lamborghini Aventador—both symbols of his triumphant career.
Stocks
In addition to his tangible assets, Don Lemon demonstrates financial prowess through his diverse stock investments. With a healthy portfolio valued at around $21 million, he's got his money riding on business behemoths like Meta Platforms, Alphabet Inc, Johnson & Johnson, Dell Technologies, and Berkshire Hathaway.
Don Lemon's stock portfolio is valued at an estimated $21 million, reflecting his financial expertise across various sectors. By placing his bets on tech giants and healthcare innovators, Lemon showcases his keen financial acumen and well-rounded investment approach.
Stock market performance predictions for 2023 indicate potential contractions in earnings growth rates and changes in key inflation metrics. With an anticipated 8% contraction in earnings growth for the first quarter and 6% for the second quarter, investors must adapt their strategies to account for these fluctuations.