Charles Payne is an American Fox Business Network financial journalist with an estimated net worth of $15 million.
Not many TV personalities can boast of the level of financial success that Charles Payne, has attained. Actually, just a handful of TV celebrities can. Born November 15, 1960, Charles Vincent Payne is a respected journalist who is well known as the host of Making Money With Charles Payne on FOX business.
Charles Payne’s Net Worth is estimated at $15 Million
Charles Vincent Payne has worked hard to achieve success. The details of income from his many endeavors, which include a financial firm, are not specific. The one thing that is clear anyway is that most of his net worth comes from his job as a financial analyst on FOX business, where he is paid $5 million per year.
He can also count on revenue from the book he published in 2007, Be Smart, Act Fast, Get Rich: Your Game Plan For Getting It Right In The Stock Market, which he still owns the rights to. All these sources of income have helped the 62-year-old achieve his dream of financial independence. His net worth reads an impressive $15 million.
Charles Payne’s Net Worth Sees Huge Contribution From His Successful Journalism Career
Charles Payne spent the next few years making a name for himself as an intelligent and savvy financial analyst. He published two books titled Be Smart, Act Fast, Get Rich: Your Game Plan For Getting It Right In The Stock Market, and Unstoppable Prosperity. He joined the FOX news channel as a contributor in 2007. The channel had launched a few months earlier and needed a face for their business conversations.
Charles Payne filled this void perfectly, going on to appear and even co-host some of the shows on the channel. He has been a part of shows such as Cashin’ In, Cavuto On Business, and Bulls And Bears. Some of the shows he has co-hosted include Varney & Co and Your World.
Charles hosts his own daily syndicated show called The Payne Nation, and in 2014 he also became the host of Making Money With Payne. Charles’ time on Network Television has solely been on FOX News channel, where he earns an annual salary of $5 million.
He Also Owns a Brokerage Firm Through Which He Makes Money
During his time in the military, Charles Payne utilized the opportunity to get an education for himself. While serving in Minot, North Dakota, in the missile security forces and in a position requiring him to spend consecutive days of the week at the missile alert facility, he occupied lots of free time to develop his reading skills with news magazines.
While on base, he attended Minot College University and later Central Texas College in preparation for life outside the military. His time as an analyst at E.F. Hutton was spent honing his impressive skills as a money man.
After six years at E.F Hutton, in 1991, Charles Payne proceeded to open his firm. He called it Wall Street Strategies. It is a firm that focuses on market research to help its clients make wise investments. He remains the CEO and principal financial analyst of the firm to date.
Charles Payne Began His Career In The Military
These days Charles Payne is usually seen on TV dressed up in power suits worth thousands of dollars. What most people are not aware of is that the celebrity journalist spent a brief amount of time serving his country in the military.
Charles officially entered the United States Air Force ten days after his 18th birthday. He had taken the test some months prior. Charles’ decision to join the military came about partly because he grew up in a soldier’s house.
His father was a soldier, and he had grown accustomed to living like one because they moved around a bit during his formative years. The other reason was a bid to escape from poverty. His parents’ divorce when he was 12 years old had resulted in a return to Harlem with his mom and two younger brothers.
This lifestyle change exposed the young Charles to what life was like on the streets of Harlem. Together with his brothers, he and his mom struggled to survive on a day-to-day basis on account of the crippling level of poverty they were experiencing. Combining the aforementioned factors convinced Charles that the military was his way out of that mess, hence the decision to join the army in 1978.
Boot camp training followed a couple of years later before he served as a Military Police officer in Minot Air Force Base, North Dakota. Apart from the security provided in terms of basic amenities and insurance, life in the military doesn’t pay that well, as Charles Payne would realize after his time in the military was done five years after he was stationed in North Dakota.
He Found Life Challenging After Serving in the U.S. Air Force
By the time he left the army, Charles Payne was already married and had a daughter. His expectation that things would get easier because of his military skills turned out to be a fantasy, and he was forced to move back home to Harlem to live with his mom and family.
All this was happening in 1985, and Charles realized he had to do without the basic comforts provided by the military. He had to find other ways to survive, and he did so by doing several odd jobs and linking up with employment agencies.
It is unclear exactly how much he was making, but at this point, Charles Payne’s income was just sufficient enough for him to get by with his family. So it made sense that he would want more for himself, and luckily he was presented with an opportunity to step up.
The opportune moment arrived when one of the workers from one of the various employment agencies Charles had worked with saw his military records and experience before arranging for him to get interviewed at one of the best financial firms on wall street, E. F. Hutton.
The anxious moments after the interview were laid to rest when he received the joyous news that the job was his. A moment that Charles had revealed as one of the happiest of his life and a fulfillment of a dream he had voiced when he was just 14 years old.
Charles Payne Has Received Recognition For His Works
Charles Payne is a brilliant and street-wise financial analyst. His job on FOX business has gained widespread recognition for its effective deduction of market trends and investment opportunities. He was recently rewarded with an extended contract with FOX and will continue to host his mid-afternoon show Making Money With Payne. His career path exemplifies the true definition of a streets-to-screen story.
FAQs
What is Charles Payne’s Net Worth?
Charles Payne’s net worth is estimated to be in the region of $15 million.
Is Charles Payne a millionaire?
Yes, Charles Payne is a millionaire thanks to his investments, salary and career earnings, as well as book sale royalties.
What are Charles Payne’s Major Sources of Wealth?
Investing, TV presentation
