What is Lou Dobbs’ Net Worth, and What Does He do at Fox Business Network?
The suspicious packages containing explosive devices that former President Barack Obama, former Secretary of State Hillary Clinton, former Joe Biden, billionaire investor George Soros, and actor Robert De Niro received in the mail aren’t real. At least according to Lou Dobbs.
In a series of since-deleted tweets, the Fox Business Network host claimed the packages and bombs were fake and timed specifically to impact the 2018 midterm elections.
— Oliver Darcy (@oliverdarcy) October 25, 2018
As a longtime journalist and TV anchor, Dobbs ignored one journalism’s primary principles, which is to back up your claims with sources and facts. The tweets could put him in the lineup next to some other abruptly fired Fox stars. If he keeps his job, Lou Dobbs’ net worth will keep growing.
Lou Dobbs’ net worth is quite impressive
Nearly 40 years in front of the camera on cable TV makes Lou Dobbs’ net worth pretty impressive. Both Celebrity Net Worth and The Richest estimate his fortune at $16 million. That net worth makes him one of the richest Fox anchors.
He earns $6 million a year from Fox, according to ArticleBio. After joining fledgling CNN in 1980, he worked his way up the ladder before leaving for Fox. An $8 million severance deal when he left CNN for Fox in 2009 also adds to Lou Dobbs’ bank account.
How does Lou Dobbs make his money?
Hosting Lou Dobbs Tonight on Fox Business Network is just one way he pads his bank account. He also delivers financial news via his nationally-syndicated radio show Lou Dobbs Financial Reports.
In TV and radio aren’t your thing, Dobbs has a number of books on the market. Most of them are nonfiction, though Border War and Putin’s Gambit are novels.
Dobbs isn’t just a talking head. He actually knows a thing or two (or hundreds) about finance.
- He has an economics degree from Harvard.
- It took just four years for Dobbs to ascend to vice president and managing editor for financial news at CNN.
- Dobbs won the George Foster Peabody Award for his insightful coverage of the 1987 stock market crash.
- He was president of CNN Financial News from 1995 to 1999.
- Dobbs won a 2004 Emmy Award and a Lifetime Achievement Emmy the following year, according to Biography.
Lou Dobbs’ knows all about controversy
The 2018 tweets claiming the suspicious packages and bombs were fake isn’t the first controversy involving him.
In 2002, he described the war on terror as a “war against Islamists.” Critics claimed Dobbs intentionally used that phrase to confuse people.
Dobbs was part of several controversies after that, too. According to The New York Times, he claimed that:
- The United States had 7,000 leprosy cases in three years, from 2002 to 2005. There were 7,000 cases, but over 30 years.
- One-third of all federal inmates are illegal immigrants. At the time, 6% of inmates were immigrants and 7% of the general population.
- Mexico plans to reclaim the Southwest. A correspondent on his CNN show in 2006 claimed a visit by then-Mexican president Vicente Fox was a “military incursion.”
Of course, Fox analysts, in general, aren’t strangers to stirring the pot. Anchors and guests on Fox News have a habit of attacking Barack Obama. Everything from his tan suit to his fist bumps with Michelle Obama to his golf habits have been fair game over the years.
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