A Senate disclosure kind reveals Oz's nine-figure internet value, his complicated compensation for internet hosting 'The Dr. Oz Present,' and simply how a lot he was paid to visitor host 'Jeopardy!'
The economics of daytime TV could be considerably murky. It’s broadly recognized that high stars like Ellen DeGeneres or Decide Judy could make $20 million, $30 million and even $50 million yearly. However for the hosts that make up the remainder of the crowded daytime schedule, their pay could be tougher to pin down, particularly when contemplating the complicated agreements that see the expertise additionally serving as producers and partial homeowners of their reveals.
Dr. Mehmet Oz’s run for Senate in Pennsylvania is shining some gentle onto these in any other case opaque offers.
To again up for a second: Dr. Oz introduced his determination to run for retiring Sen. Pat Toomey’s seat late final yr, becoming a member of a crowded subject of candidates vying for the Republican nomination. In his announcement, Oz leaned on his background as a health care provider and as a media character, portraying himself as an outsider candidate in the identical vein as Donald Trump.
His pivot to politics necessitated a change to his media profile. In December, Sony Photos Tv confirmed that The Dr. Oz Present, which had been a syndication staple for 13 years, would finish in January. Oz’s daughter Daphne Oz would host its substitute, The Good Dish, although that present was additionally canceled in March.
Political candidates are required to file monetary disclosure varieties, and Oz isn't any exception. His kind, filed Wednesday night time, reveal simply how complicated — and profitable — his daytime speak present was. Oz’s internet value is valued at over $100 million, in response to the disclosure, and may very well be as excessive as $500 million (the Senate disclosure varieties enable pretty broad worth ranges for property, which makes it laborious to pin down his precise internet value).
Whereas Decide Judy Sheindlin famously negotiated a $47 million annual wage when her courtroom present was at its peak, Oz’s wage was a extra modest, however nonetheless profitable, at $2 million per yr, the submitting reveals. However the wage is just a small piece of the pie. Oz was additionally paid practically $194,000 yearly for his function as a producer on this system.
However, in fact, Oz additionally owned a portion of his speak present, with that stake combined along with his different companies, emblems, web sites and media property in quite a lot of LLCs, together with Oz Media LLC, Zoco Productions LLC, Oz Works LLC and Oz Property Holdings LLC.
The submitting reveals that Oz Media paid Oz greater than $7 million in 2021, possible reflecting earnings derived from the daytime speak present. So all instructed, Oz’s compensation from the speak present was within the ballpark of $10 million.
And his varied LLCs had tens of tens of millions of dollars in money and investments, all of which he beneficially owns, and far of which could be traced again to the present.
The submitting additionally detailed different compensation that might be of curiosity to Hollywood.
Oz served a two-week stint because the visitor host of Jeopardy! final spring, drawing some outrage from viewers for his previous help of pseudoscientific therapies. Based on the submitting, Oz was paid greater than $268,000 for the visitor internet hosting gig, with all of that cash being donated to an unnamed charity.
He additionally obtained greater than $23,000 from Cameo, compensation for the customized movies the platform is thought for. The submitting says that he donated these proceeds to HealthCorp, a nonprofit Oz himself based.
Different earnings included $15,000 in residuals from varied TV and movie appearances, and some thousand dollars for different public appearances by way of Sony.
After all, Oz’s internet value just isn't solely as a result of his standing as a TV star. He stays an attending doctor at New York Presbyterian Hospital in New York, and he obtained greater than $330,000 in royalties for his function in growing the MitraClip cardiovascular gadget. He additionally was a paid spokesperson for Turkish Airways.
And Oz owns a stake within the streaming firm Jungo TV (co-founded by movie producer Sandy Climan) valued at between $500,000 and $1 million. The submitting additionally revealed that Oz owns a cattle farm (he simply acquired it in December), with livestock that he values at between $250,000 and $500,000.
Oz additionally stays a member of the Display screen Actors Guild, the place he participates within the guild’s profit plan.