Paul Shaffer Net Worth

Well, he is a well-known comedian and actor in addition to being one of the “SNL” cast members, he is also a wealthy man. Paul Shaffer’s net worth is estimated to be around $30 million, and that number is on the rise.


Paul Shaffer is a Canadian songwriter and composer who’s worked as a television and film actor, comedian, and multi-instrumentalist.

Shaffer was musical director, bandleader, and sidekick to David Letterman from 1982 to 1993 and the Late Show with David Letterman since 1993.

Since January 2020, his net worth is about $30 Million and he has over $30 Million in the bank.

After selling his one-man show to Netflix, Paul Shaffer started touring the country and playing with his new “Dinner for One” show which will be making his first TV special.

Early Life 

In May of 1965, Shaffer attended Newmarket Collegiate Institute. When he graduated in 1968, his goal was to become a lawyer.

He was born in New York City. He is the son of Shirley and Bernard Shaffer. His father was a jazz aficionado, while his mother loved show tunes.

When he was 12 years old, he accompanied his parents to Las Vegas, where they visited a few shows.

He was a child that loved music and as a teenager, he played the piano. He began playing with guitarist Tisziji Muñoz so he could get in bands. He then turned his attention to musicals and finished his studies.


The very first onscreen appearance of Shaffer was in the movie Godspell, where he played the organ at an outdoor wedding. And it just continued from there.

He sang on a few demos, in fact, and also did jingles, especially for Pepsi-Cola.
Also, he played on a few songs for other artists.

He started off as a writer of sketches and later became a cast member and part of the main cast of Saturday Night Live. He joined in 1975 and left in 1992 and came back in 2004 for two seasons. After that, he left the show permanently.

He performed “Saturday Night Live” while in an airplane. He missed his stop and instead went to a recording studio where he recorded “Saturday Night Live” with his friend, Don Pardo. In the next year, he became the first host of the show.

David Letterman took notice and soon his band became stars on the road. They were also featured on a few of Letterman’s specials beginning with Comedy Central Presents: David Letterman in 1994.

He has appeared on the show four times as a guest host. In the first, he introduced Dave and a pre-taped cameo by Steve Allen. The second time was when Dave invited him back to host the show that week and to perform some of his stand-up comedy. The third time was when he returned to host the show on September 12, 2012. His last guest appearance was on September 18, 2014.

As of July 2022, Paul Shaffer has a net worth of about five million dollars. He has been working as a solo act for so long that he may have to consider returning to comedy.

How Does Paul Shaffer Spend His Money?

Because Paul Shaffer spends money on real estate and charity work , Paul Shaffer does not have to be rich.

Paul Shaffer’s Home 

Shaffer paid $2,500,000 for his Bedford house.

Paul Shaffer’s Charity Work 

Shaffer has done work for organizations such as BID 2 BEAT AIDS, Jazz Foundation of America, Maddie’s Fund, Little Kids Rock, and International Myeloma Foundation.


In this section we’ll explore Paul Shaffer’s career as a comedic actor and stand-up comedian.

Favorite Quotes from Paul Shaffer

Paul Shaffer is in the best seats in the house. He was a member of The Temptations, with the late Otis Williams, from 1966-1971, and also a member of the house band at WDEL Radio for a significant portion of his tenure there.

Paul Shaffer had a very close relationship with Phil Spector. He helped Spector record a lot of his songs with the Beatles. Spector was already famous for his work with the Beatles, but Shaffer’s work with Spector allowed him to become a household name himself. He was also the drummer on “Let It Be” by the Beatles.

I actually met Deadmau5 to the first time on the red carpet in Hollywood for the Grammys. I was there with my daughter and he introduced himself to me. He said, “Hey, I’m from Toronto.” I had a little conversation with him and then I realized I’m talking to a guy with a giant mouse head.

When Brown was performing in the UK, his band was so funky they became known as The Famous Flames and had a hit with the song “Good Foot.” Shaffer was so taken with the band’s sound that he later borrowed the name for his band, The Groundlings.

3 Life Lessons from Paul Shaffer

Shaffer took risks by being willing to change his style of music in order to adapt to the tastes of his fans.

1. Life 

A person who is born will die, and after death he will be resurrected.

2. Animals 

When you look into the eyes of an animal, you can’t help but realize that it’s an important person. It has feelings. It needs love.

3. Help Dogs 

When the day comes and you lose something, you lose a dog to me.


Shaffer can also be seen in the bandleader role on Late Night with David Letterman, in which he plays the piano and a keyboard. He also plays the piano on Late Night with Conan O’Brien. Shaffer is also the pianist on both Late Night with Jimmy Fallon and Saturday Night Live. He has been a pianist on the show since 1987.

While with the Beatles he produced their first four albums, and produced albums by numerous other artists, including the Beach Boys, Roy Orbison, and the Rolling Stones.

Since January 2020, his net worth is about $30 Million and he has over $30 Million in the bank.

After selling his one-man show to Netflix, Paul Shaffer started touring the country and playing with his new “Dinner for One” show which will be making his first TV special.

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