Dan Rather Net Worth, Salary Career & All About His Life

Brian Adams

Dan Rather

Daniel Irvin Rather Jr. is a prominent American journalist, commentator, and former anchor of the national evening news.

His journalism career began in Texas, and he gained nationwide recognition for his courageous reporting during Hurricane Carla in 1961, a broadcast that ultimately saved thousands of lives

Rather has maintained a solid reputation through his work at CBS, later in his own production company, and his ongoing media endeavors.

Dan Rather net worth reflects his dedication to his occupation. He earned both respect and a lasting legacy that resonates with audiences.

As a journalist who adapted to evolving media landscapes while staying true to his values. 

Rather’s story offers insight into the rewards of a purposeful career. His influence extends beyond wealth; it’s about impact, commitment, and a relentless pursuit of truth that continues to inspire.

Dan Rather Net Worth

Dan Rather

Dan Rather net worth is approximately $70 million is a testament to his lifelong dedication to journalism.

His financial portfolio includes earnings from his 24-year role as anchor of the CBS Evening News, as well as from his books, documentaries, and later work in digital media.

During his prime years with CBS, Rather reportedly earned millions annually, solidifying his financial standing.

Since leaving CBS, Dan Rather has stayed relevant by embracing digital platforms.

He launched The News with Dan Rather on The Young Turks. Additionally, he expanded his influence through his own production company, News and Guts Media.

These ventures have played a significant role in diversifying his income.

Salary and Contracts

While with CBS, Dan Rather earned a high salary that was reflective of his position as a leading news anchor.

By the 1990s, his annual salary was reported to be around $6 million.

Even after parting ways with CBS, Rather continued to draw significant income from his later work on platforms like AXS TV, where he hosted Dan Rather Reports.

His books, public appearances, and media engagements have also been lucrative sources of income, keeping him financially robust even after leaving mainstream network news.

Key facts and figures about Dan Rather

CategoryDetails
Full NameDaniel Irvin Rather Jr.
Date of BirthOctober 31, 1931
Place of BirthWharton, Texas, USA
EducationBachelor’s Degree in Journalism, Sam Houston State University
Dan Rather Net WorthEstimated at $70 million (as of recent reports)
Annual SalaryPeak salary at CBS News: Approximately $6 million
Career StartEarly 1950s, reporting for small radio stations in Texas
Spouse Jean Goebel, Mariied with her in 1957
ParentsByrl Veda Page and Daniel Irvin Rather, Sr.
ChildrenTwo (Danjack Rather, Robin Rather)
CBS TenureJoined CBS in 1962; Anchored CBS Evening News from 1981 to 2005
Notable CoverageJFK assassination, Vietnam War, Watergate Scandal, U.S. presidential elections, 9/11 attacks
Major AwardsMultiple Emmy Awards, Peabody Awards, and the Edward R. Murrow Award
Books AuthoredThe Camera Never BlinksWhat Unites Us, and Rather Outspoken: My Life in the News
Controversial Moments“Rathergate” (2004) – A controversial report on President George W. Bush’s military service, which eventually led to his departure from CBS in 2005
Post-CBS WorkHost of “The Big Interview with Dan Rather” on AXS TV;
His Own Production HouseNews and Guts Media
PhilanthropySupports various journalism education initiatives and media ethics programs
FamilyMarried to Jean Goebel since 1957; two children

Family and Personal Life

Dan Rather with his wife Jean Goebel
Dan Rather with his wife Jean Goebel

Rather’s personal life has remained a pillar of support throughout his intense career.

Dan Rather married Jean Goebel in 1957, and they have two children together. They are Danjack Rather, Robin Rather.

Known for his quiet dedication to family, Rather’s life outside journalism has been relatively private, which has perhaps been a source of stability amid the controversies he faced.

Despite the high demands of his work, he has credited his family for keeping him grounded and focused on his work.

Early Life and Background

Born on October 31, 1931, in Wharton County, Texas, Dan Rather was the son of a ditch digger and a homemaker.

His upbringing was modest, yet his parents’ Byrl Veda Page and Daniel Irvin Rather, Sr. emphasis on reading and education helped shape his early ambitions.

After graduating high school in Houston, Rather attended Sam Houston State Teachers College, where he pursued journalism.

During these formative years, he worked with local Texas news outlets, including KHOU-TV, where his career would soon take a momentous turn.

Qualification and Degrees

Dan Rather earned a Bachelor’s degree in Journalism from Sam Houston State University in 1953.

His academic focus and practical experience during college set the foundation for his journalism career.

While in college, he gained hands-on experience through local radio stations and eventually began working in television.

Although he briefly attended law school, his passion for journalism drew him into the field full-time.

Career

Dan Rather with colleague
Early stage of Career

After college, Rather’s early career took him through various Texas media outlets.

His breakthrough came in 1961 when his coverage of Hurricane Carla for KHOU-TV, using radar imaging to showcase the storm’s severity, gained national recognition and led to his recruitment by CBS.

Rather’s fearless reporting style soon placed him at the forefront of major historical events, from civil rights movements to political scandals.

His rapid rise within CBS highlighted his skills and his ability to handle challenging assignments, making him a central figure in the network’s news reporting.

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CBS News

Dan Rather joined CBS News in 1962, marking the start of a distinguished era in broadcast journalism.

His career with CBS spanned over four decades, during which he reported on some of the 20th century’s most significant events, including the Vietnam War, the Civil Rights Movement, and the Watergate scandal.

Rather’s distinct, uncompromising style earned him high regard among viewers and colleagues alike.

In 1981, Rather succeeded the iconic Walter Cronkite as anchor of CBS Evening News, a position he held for 24 years, becoming one of the most recognizable faces on television.

During his tenure, Rather pioneered bold reporting techniques, often pushing boundaries to cover stories that impacted public understanding.

Notably, he traveled internationally to report from frontline areas, including war zones, bringing a direct, gritty perspective to American viewers.

His work was widely respected, and he became known as a “watchdog of democracy,” consistently challenging authority and scrutinizing government policies.

However, his career with CBS was not without controversy, especially when he reported on sensitive political matters, occasionally placing CBS at the center of public debate.

His impact on CBS News remains substantial, having elevated the standards of investigative reporting and fearless journalism within the network.

Post-CBS Career

Dan Rather

After leaving CBS in 2006, following the “Killian documents” controversy, Dan Rather continued his career with Dan Rather Reports on AXS TV, focusing on in-depth investigative journalism.

Here, he shifted his focus from network-driven stories to more personal, under-reported issues, exploring topics like education reform, climate change, and the struggles of marginalized communities. 

Dan Rather Reports earned critical acclaim and several journalism awards, re-establishing Rather’s position as an influential voice in news reporting even after his departure from mainstream media.

In 2018, Rather entered the digital media space with The Young Turks, launching The News with Dan Rather, where he engaged a new, younger audience.

His online presence grew, especially on social media, where he shares political commentary and insights, continuing his mission of holding power to account.

He also founded News and Guts Media, an independent production company dedicated to investigative journalism and storytelling.

This platform allowed him to address topics free from corporate or network pressures, cementing his role as a journalist committed to the truth, even beyond the traditional confines of television news.

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Books and Awards

Throughout his career, Dan Rather has received numerous awards, including multiple Emmy and Peabody Awards, recognizing his excellence in journalism.

He has authored several books, including Rather Outspoken and What Unites Us, which offer insights into his experiences and perspectives on journalism and democracy.

His work has not only earned him accolades but has also cemented his legacy as an influential journalist whose contributions have shaped American media.

Criticism on Dan Rather

Dan Rather’s career has not been without controversy. In 2004, he became embroiled in the “Killian documents” scandal, which questioned the authenticity of documents related to President George W. Bush’s National Guard service.

This incident led to significant backlash, ultimately resulting in his resignation from CBS.

The episode raised questions about media ethics and fact-checking standards, yet Rather’s steadfast commitment to truth and transparency has continued to define his public persona.

Important Incidents and Controversies

Dan Rather

Rather’s career includes several notable incidents, such as his live coverage of the JFK assassination and his critical reporting on the Vietnam War, which often placed him at odds with government officials.

The “Killian documents” incident stands as the most controversial, causing a public and professional fallout.

Despite this, Rather’s reputation remains largely intact, as he is still revered for his contributions to American journalism and his commitment to ethical reporting. You may find more details about Dan Rather’s journalism career on Wikipedia.

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Conclusion

Dan Rather’s incredible career has made him a household name in journalism. From his bold reporting on major events to his years as the anchor of CBS Evening News, his legacy continues to inspire.

With a net worth of around $70 million, Dan Rather’s financial success reflects his dedication to his craft. His work has not only shaped the media landscape but also brought him significant wealth.

Today, Dan Rather remains active in journalism, hosting interviews and producing content. His lasting impact ensures that he will be remembered for years to come.

FAQs About Dan Rather

What is Dan Rather most famous for?

Dan Rather is most famous for his long tenure as a news anchor for CBS News, especially for his role as the anchor of the “CBS Evening News” from 1981 to 2005. He is also known for his bold and investigative reporting during significant events such as the JFK assassination, Watergate scandal, and the 9/11 attacks.

Who is Dan Rather’s wife?

Dan Rather’s wife is Jean Goebel. They were married in 1957, and together they have two children. Jean has been a supportive partner throughout Dan’s long career in journalism.

What is Dan Rather doing now?

Currently, Dan Rather is active in the media world. He hosts “The Big Interview with Dan Rather” on AXS TV and serves as the CEO of News and Guts Media, a company he founded. He continues to produce documentaries and interviews with influential figures.

Why did Dan Rather become a journalist?

Dan Rather became a journalist due to his fascination with storytelling and his desire to inform the public about important events. He initially wanted to pursue a career in law but was drawn to journalism after his interest in politics and the human experience grew.

What was Dan Rather accused of?

Dan Rather was accused of using a forged document in a 2004 report on President George W. Bush’s military service, which became known as the “Rathergate” scandal. This controversy led to his departure from CBS News in 2005 after an internal investigation revealed the inaccuracies in the story.

How rich is Dan Rather?

Dan Rather’s estimated net worth is approximately $70 million. He accumulated his wealth from his long career as a news anchor, author, and other business ventures.

How long did Dan Rather work?

Dan Rather worked for CBS News for over 40 years, starting in 1962 and retiring in 2005 after more than 20 years as the anchor of the “CBS Evening News.”

What show did Dan Rather host?

Dan Rather hosted the “CBS Evening News” for over 20 years. After leaving CBS, he hosted “Dan Rather Reports” on HDNet and “The Big Interview with Dan Rather” on AXS TV.

What ended Dan Rather’s career?

Dan Rather’s career at CBS News ended after the 2004 “Rathergate” scandal, where a report regarding President George W. Bush’s military service was found to be based on forged documents. This controversy led to an internal investigation and Rather’s departure in 2005.

Who took Dan Rather’s place?

After Dan Rather’s departure from CBS News, Katie Couric succeeded him as the anchor of the “CBS Evening News” in 2006. She was the first woman to anchor a major network’s evening news program.

What is Dan Rather remembered for?

Dan Rather is remembered for his courageous and unbiased reporting, his role in major historical events like Watergate and the Vietnam War, and his distinctive and passionate style of journalism.

Where did Dan Rather live?

Dan Rather has lived in various places over the years, including New York City and Texas, where he was born. He has maintained residences in both locations throughout his career.

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