Lorne Michaels has been the driving force behind Saturday Night Live (SNL) for nearly five decades, shaping modern comedy and launching countless stars into Hollywood stardom. While his face may not be as recognizable as those he’s put in the spotlight, his influence—and bank account—are impossible to ignore. So, what’s Lorne Michaels’ net worth in 2025, and will he finally retire after SNL’s 50th anniversary? Let’s dive in.
How Lorne Michaels Made His Fortune
Born Lorne David Lipowitz in 1944 in what was then Palestine (now Israel), Michaels’ family moved to Toronto, Canada, where he was raised. After earning an English degree from the University of Toronto in 1966, he quickly found his way into the entertainment industry, working as a writer and broadcaster for CBC Radio.
By 1968, he had moved to Los Angeles, where he wrote for Rowan & Martin’s Laugh-In and The Beautiful Phyllis Diller Show. But his big break came in 1975 when he co-created NBC’s Saturday Night (later renamed Saturday Night Live in 1977). The show revolutionized comedy, becoming a launchpad for legendary comedians like Bill Murray, Eddie Murphy, Tina Fey, Will Ferrell, and Kristen Wiig.
Beyond SNL, Michaels also founded Broadway Video, a powerhouse production company responsible for 30 Rock, Portlandia, The Tonight Show Starring Jimmy Fallon, Late Night With Seth Meyers, and many more. His film productions include Wayne’s World, Mean Girls, Tommy Boy, and Superstar—many of which became cult classics.
Lorne Michaels’ Net Worth in 2025
According to Celebrity Net Worth, Lorne Michaels’ net worth in 2025 is estimated at $500 million. While this figure is widely cited, there’s little concrete data to verify it. What we do know is that he has enjoyed nearly 50 years of SNL profits, movie royalties, and TV production deals.
Michaels reportedly earns between $30 million and $40 million annually, though exact figures remain unverified. Regardless, his financial success is undeniable. His long tenure in television, combined with shrewd business moves (such as previously owning the rights to classic Rankin-Bass holiday specials), has made him one of the wealthiest figures in entertainment.
Will Lorne Michaels Retire After SNL’s 50th Anniversary?
For years, Michaels has hinted at retirement, and SNL’s 50th anniversary in 2025 seems like a fitting milestone. In a 2021 interview with CBS This Morning, he stated, “I think I’m committed to doing the show until its 50th anniversary, which is in three years. I’d like to see that through and I have a feeling that would be a really good time to leave.”
However, in January 2025, he told Entertainment Tonight, “We’re doing the 50th anniversary show in February of ‘25. I will definitely be there for that, and definitely be there until that, and sometime before that we’ll figure out what we’re gonna do.”
Given his past reluctance to step away, many—including former SNL stars—doubt he will truly retire. Tina Fey jokingly told Today’s Hoda Kotb, “He’s not gonna retire. No ma’am. He has an elixir and he will live forever.”
Who Could Replace Lorne Michaels?
If Michaels does step down, the big question is: Who could possibly fill his shoes? Several names have been floated as potential successors, with Tina Fey and Seth Meyers at the top of the list.
When asked about the possibility of Fey taking over, Michaels responded, “It could easily be Tina Fey. Tina is brilliant and great at everything. She’s a very important person in my life.” Meanwhile, Meyers has shut down the idea, telling Deadline, “It is not a job for me. I really think everybody underestimates the idea that Lorne Michaels might just be irreplaceable.”
Regardless of who (if anyone) replaces him, SNL’s legacy and continued success will always be tied to Michaels’ vision and leadership.
Family Life & Personal Insights
Michaels is notoriously private, but here’s what we do know about his personal life. Now 80 years old, he has been married three times and has three children. His current wife, Alice Barry, has been by his side since 1991.
Despite being a behind-the-scenes mogul, Michaels has gained his own celebrity status—sometimes reluctantly. A source once told The New York Post, “He’s Canadian. He doesn’t like attention.” Still, he’s been parodied on SNL, appeared on late-night talk shows, and even received the prestigious Kennedy Center Honor in 2021.
The Future of SNL
SNL’s 50th season kicked off in September 2024, culminating in a three-hour anniversary special on February 16, 2025. The special will feature legendary cast members and hosts from all eras, making it a must-watch event.
Meanwhile, Michaels remains as busy as ever, continuing to produce SNL, Late Night With Seth Meyers, and upcoming Broadway Video projects. Whether he retires or not, his impact on comedy is undeniable, and his influence will be felt long after he steps away from Studio 8H.
A Comedy Legend’s Last Bow?
Lorne Michaels has built an empire that has shaped comedy for generations. His ability to identify and nurture talent is unparalleled, and his contributions to television are legendary. With an estimated $500 million fortune and nearly five decades at the helm of SNL, he’s undoubtedly one of the most powerful figures in entertainment.
Will he actually retire in 2025? Only time will tell. But one thing’s for sure—Saturday Night Live and the world of comedy will never be the same without him.
What are your thoughts on Lorne Michaels’ possible retirement? Let us know in the comments!
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