Rich Dudes│How Comedy King Howie Mandel Became a $60M Net Worth Investing Guru
Rich Dudes│How Comedy King Howie Mandel Became a $60M Net Worth Investing Guru

Rich Dudes│How Comedy King Howie Mandel Became a $60M Net Worth Investing Guru

Learn how Howie Mandel went from comedian to multi-millionaire through his investment portfolio, real estate holdings, and various entertainment projects.

Cars

Cars

Real Estate

Real Estate

Startups

Startups

In 2018, Mandel invested in a ranch-style property worth $2.6 million and, after two years of ownership, sold it to NFL player Jalen Ramsey for $9.5 million.

Howie Mandel is well-known for his talents as a comedian, actor, producer, and TV host. However, he's also an astute businessman who's amassed a $60 million net worth from both his on-screen and off-screen endeavors.

We'll delve into Howie Mandel's net worth, assets, and investments to understand how he's built his wealth over the years.

Howie Mandel net worth at a glance

Net worth

$60 million

Born 

November 29, 1955

Nationality

Canadian born in Toronto, Canada

Occupations

Comedian, TV personality, actor, and producer

Sources of wealth

America's Got Talent and Alevy Productions

Asset classes

Entertainment and endorsements, real estate, startups, and book royalties

How Howie Mandel made his money

Howard Michael Mandel is a multi-talented Canadian comedian, actor, television host, and producer, born on November 29, 1955, in Toronto, Ontario. Mandel began his career as a stand-up comedian in Canada and the United States.

He appeared multiple times on The Tonight Show with Jay Leno and The Late Show with David Letterman. He then moved into acting, playing Dr. Wayne Fiscus on St. Elsewhere from 1982 to 1988 and providing the voice of Gizmo in the 1984 film Gremlins and Gremlins 2The New Batch.

Mandel also created, voiced, and starred in the children's cartoon Bobby's World, which aired from 1990 to 1998. Mandel's other notable TV roles include hosting NBC's Deal or No Deal from 2005 to 2010 and CityTV's Canada's Got Talent from 2012 to 2014. Additionally, he hosted the 2009 GSN Game Show Awards and has been a judge on NBC's America's Got Talent since 2010.

Throughout his career, Mandel has won numerous awards for his work, including Daytime Emmy Awards in 1988 and 1990 for hosting the children's show Bobby's World. He was nominated for a Primetime Emmy Award in 1986 for St. Elsewhere.

In 2019, Howie Mandel performed his first standup special in 20 years, “Howie Mandel Presents Howie Mandel at the Howie Mandel Comedy Club.”
Source: vulture.com

Mandel, a successful businessman and investor, has also served as a spokesperson for numerous brands, including buy.com. He has worked in various industries and has been a producer on multiple TV shows.

Mandel is an alum of Beth David B'nai Israel Beth Am's Hebrew School in Toronto. He’s been married to his wife Terry Mandel since 1980, and they have three children together.

How Howie Mandel invests

Howie Mandel is a successful entertainer and astute investor—the assets in his diversified portfolio proved to be highly profitable. Alongside his entertainment career, Mandel is also interested in real estate and startup investments, focusing on opportunities that generate profits through diversified assets.

Entertainment and endorsements

Howie Mandel is one of the most recognizable faces in the entertainment industry, from producing television shows to voicing characters in animated films and hosting popular TV shows. As an entertainment industry veteran with a diverse range of talents and businesses, Mandel makes money both from his on-screen and off-screen endeavors.

Mandel's success in stand-up comedy has also significantly contributed to his wealth. Starting in the late 1970s by performing in comedy clubs, he's been involved in numerous comedy specials and toured extensively, earning substantial money from his live performances.

After performing a set at The Comedy Store in Los Angeles, Howie Mandel was hired as a regular for the venue. Producers for the syndicated comedy game show Make Me Laugh saw him and booked him for several appearances during the show's run from 1979 through 1980. Howie Mandel focused on his job as host of The Howie Mandel Show—a syndicated talk show that got canceled after one season in 1998.

Howie Mandel and his daughter Jackelyn Shultz host a podcast, Howie Mandel Does Stuff. They prank call people, talk about all things pop culture, interview cool guests, and get real about life. New episodes drop every Tuesday.

Mandel has been involved in numerous productions. He co-created and produced the hit animated series Bobby's World and was also an executive producer on various TV shows. Mandel's production credits have enabled him to earn significant profits from his work behind the scenes.

As the judge known for replacing David Hasselhoff on America's Got Talent, Mandel reportedly earns $70,000 per episode. Having been a judge on the show for 13 years, he has brought in around $15 million from AGT alone.

Moreover, Howie Mandel leverages his fame to land lucrative endorsement deals with various brands and companies. He has served as a spokesperson for several products and has collaborated with major corporations. His endorsement deals have involved promoting fellow Canadian Chuba Hubbard in 2019.

Mandel's acting career has also contributed substantially to his earnings. Over the years, he has appeared in over 30 films and numerous television shows, taking on different roles that have established him as a versatile actor. Mandel has been paid well for his acting roles on the small and big screens.

Book royalties

Besides succeeding as an entertainer and investor, Howie Mandel made some extra cash writing a memoir, Here's the Deal: Don't Touch Me. You can find it on eBay for as low as $5, or buy an autographed copy for up to $225.

Howie Mandel's autobiography, 'Here's the Deal: Don't Touch Me', discusses his struggles with OCD and ADHD in a funny and heartfelt manner.
Source: ebay.com

Real estate

Howie's net worth also flows into real estate. His former Malibu mansion, complete with its private beach, was listed for $21.5 million. That's enough to make anyone's head spin.

In 2018, Mandel invested in a ranch-style property worth $2.6 million and sold it to NFL player Jalen Ramsey for $9.5 million after owning it for just two years—grossing nearly $7 million in profit, or a 265% ROI.

Howie owns a $1.53 million property in Calabasas, an almost 13,000-square-foot house in Hidden Hills on a $650,000 piece of land acquired in 1999, and three condos in Santa Monica worth around $5 million. Howie definitely likes a diversified real estate portfolio.

Howie Mandel's former oceanfront property in California made headlines in 2022 when it hit the market for an astonishing $21.5 million.
Source: nypost.com

The real estate market size, valued at $3.69 trillion in 2021, is predicted to grow at a CAGR of 5.2% from 2022 to 2030 due to the increasing population and demand for personal space. For real estate investors, now could be the best window to invest in properties for potential profits in the future.

Cars

Howie has owned and driven a range of cars, despite stating that it's not his thing. He has had some expensive models in his garage while staying in Los Angeles.

Mandel's first car was a 1969 Chevy Bel Air he bought from his mother. Ironically, he's still paying for it and struggles to drive it. He reportedly hit every curb and pole in Toronto while driving the Chevy Bel Air. His ADHD contributes to his difficulty focusing, which is why he's not allowed to drive stick shift anymore.

Although Mandel isn't a fan of cars, he has given high praises to a couple of models he has owned, the Range Rover being one. According to him, the vehicle is a perfect ten. Moreover, he's also fond of the Tesla Model S, not shy of calling it “Howie-proof.”

Mandel briefly ran a limousine business, but abandoned it—his forte lies in comedy, a craft he has honed over several decades.

Startups

In addition to his on-screen appearances and hosting duties, Mandel is also an executive producer for various shows through Alevy Productions. Some of the shows produced by Alevy Productions include Mobbed for Fox, Deal With It for TBS, and Howie Do It and Take It All for NBC.

In August 2021, Mandel's Alevy Productions partnered with MetaMedia and Super 78 Studios to introduce Magic Screen, an innovative interactive entertainment platform that will be available in cinemas and other out-of-home venues around the world. The platform allows audiences to engage with animated and live content in a new and immersive way.

Venture capital-backed companies raised $44.1 billion in Q1 2023, up 37% from Q4 2022, despite bank failures affecting the outlook. Investors should focus on long-term planning and prioritize important financial factors like profits, cash flow, and finances.

Howie Mandel investing quotes

1. Be prepared for change

2. Success requires sacrifice

3. Focus 

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