Hoda Kotb has constructed her wealth by way of her work on Immediately and her different enterprise ventures. Now, she’s specializing in her household.
The longtime Immediately host introduced her exit from the present after 17 years on Sept. 26. “My broadcast profession has been past significant, a brand new decade of my life lies forward, and now my daughters and my mother want and deserve a much bigger slice of my time pie,” she wrote in a letter to her employees.
Kotb added that she might be on the present by way of early 2025 and can proceed in some capability at NBC afterwards. Whereas it’s unclear precisely what Kotb’s web value is, the anchor’s annual wage was mentioned when she took over for Matt Lauer, who was fired in November 2017 for “inappropriate sexual conduct within the office.”
Shortly after, Kotb was introduced as the brand new co-anchor alongside Savannah Guthrie in January 2018. Per Page Six, she was supplied a $7 million annual wage, although Lauer was beforehand reportedly incomes $20 million yearly, in keeping with Fortune.
“The reply isn’t any — that’s not taking place,” Kotb instructed PEOPLE of whether or not she’d be incomes an identical quantity as Lauer.
From her storied profession at NBC to her guide offers, this is all the pieces to find out about how Kotb has amassed her web value.
How a lot does Hoda Kotb receives a commission on Immediately?
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In response to Web page Six, Kotb’s Immediately wage was $7 million per 12 months when she took over as co-anchor in 2018, which was reportedly the identical as her co-anchor, Guthrie. A Immediately rep instructed the outlet they do not touch upon workers’ salaries.
The contract was allegedly value at the very least $10 million lower than the one Lauer reportedly signed with NBC in 2016 (Web page Six claimed that her predecessor made $25 million a 12 months, whereas Fortune reported that his two-year contract was value $20 million per 12 months).
Kotb had been with NBC since she began at Dateline in 1998, and started internet hosting on Immediately in 2007. She assumed Lauer’s place after he was ousted in November 2017, whereas additionally persevering with her position because the co-host alongside Kathie Lee Gifford (later Jenna Bush Hager in 2019) for the ten a.m. Immediately slot.
A supply instructed Web page Six that Kotb wasn’t “complaining concerning the cash,” and was glad to simply accept the deal.
“Matt’s wage mirrored the very long time he was on the present — 25 years,” they stated. “If issues go nicely, Hoda might ask for extra subsequent time if she re-ups her contract. However the figures underline the massive wage disparity at NBC Information.”
What has Hoda Kotb stated about her wage?
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Kotb confirmed to PEOPLE shortly after she was introduced as co-anchor in January 2018 that she was making lower than Lauer had, with Guthrie chiming in that she was additionally paid lower than her former co-host.
Nonetheless, Kotb stated she was completely okay with that so long as her job continued to fill her with pleasure.
“I feel the entire cash factor for me, I’ve at all times been kind of — I do know it sounds ridiculous that I’m going to say this, however I actually have executed jobs I preferred for the job I preferred as a result of I by no means wished to be glad each different Friday on pay day,” she stated. “Like, I didn’t need that to be the glad day. I wished to really feel good all through. So no, I’m not making Matt Lauer cash. Not even shut.”
In September 2023, Kotb opened up on an episode of Immediately about how, whereas she was a correspondent for Dateline, she thought she might need been “the bottom paid correspondent” and that the pay disparity between herself and others was “fairly clear on the time.”
“I feel it is one of many hardest issues for girls to do,” she stated of asking for a elevate. “I do know for years I used to be undoubtedly making a fraction of what my male co-anchors have been making. I truly by no means requested as a result of I did not wish to be troublesome.”
She added that she remembered pondering she could not repay all her bills. “I could not pay all my payments on the similar time. So I used to be like, ‘I will pay this one, after which pay that one,’ ” Kotb mirrored.
What are Hoda Kotb’s different enterprise ventures?
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Along with anchoring a morning present, Kotb has additionally develop into a New York Occasions best-selling writer, penning all the pieces from memoirs to youngsters’s books. She began her writing journey in 2010 with the publication of her memoir, Hoda: How I Survived Conflict Zones, Dangerous Hair, Most cancers, and Kathie Lee.
Kotb adopted the success of her memoir with 4 extra nonfiction books: 2013’s Ten Years Later: Six Folks Who Confronted Adversity and Remodeled Their Lives, 2016’s The place We Belong: Journeys That Present Us The Manner, 2019’s I Actually Wanted This Immediately: Phrases to Dwell By and 2020’s This Simply Speaks to Me: Phrases to Dwell By Each Day, with the latter two being books stuffed with a set of quotes.
Along with her inspirational books — a few of which grew to become immediate New York Occasions bestsellers — Kotb has additionally written three youngsters’s tales. Her first one, 2018’s I’ve Beloved You Since Ceaselessly, was impressed by the start of her older daughter Haley, whereas her newest is called after her youthful daughter, Hope, titled Hope Is a Rainbow.
In yet one more gig, Kotb can be the host of her personal podcast, Making House, the place she celebrated her milestone fiftieth visitor in November 2024.
Why is Hoda Kotb leaving Immediately?
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Kotb cited her two younger daughters as the primary motive why she’s departing from her longtime position as a co-host and anchor of Immediately.
“I noticed that it was time for me to show the web page at 60, and to attempt one thing new,” she shared on the present. “I remembered standing exterior these stunning bunch of individuals with these beautiful indicators, and I assumed, ‘That is what the highest of the wave seems like for me.’ And I assumed it will probably’t get higher, and I made a decision that that is the fitting time for me to sort of transfer on.”
Nonetheless, she additionally revealed her plans to proceed working with the community in some capability in her letter to employees, writing, “Fortunately and gratefully, I plan to stay part of the NBC household, the longest work relationship I’ve been fortunate sufficient to carry near my coronary heart.”
“I’ll be round. How might I not? Household is household and also you all will at all times be part of mine,” Kotb stated.
