Steve Harvey is not only a wealthy comedian and game show host, but he's also an avid investor. Nearly half of his investment portfolio is in startups.
Updated Jul 26, 2023
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Steve Harvey is one of the richest comedians in the world. With an estimated net worth of $200 million, he’s won several Emmys for his work as a game show host and even has a star on the Hollywood Walk of Fame.
But Steve Harvey didn’t mean to make his living doing stand up comedy. Before he found his niche, Steve Harvey's career was all over the place, working as a salesman, boxer, and even a postman. After getting his break in 1990, he rose to fame with his observational humor.
One thing he didn’t find funny, though? Being poor. While Steve Harvey might be known for cracking up on stage, he takes his investments seriously and is diversified into numerous assets.
Here is how Steve Harvey went from living in his car to becoming a multi-millionaire and how he invests his money today.
Jauary 17, 1957
Became a millionaire in
Stand-Up Comedian, Radio Show Host, and Game Show Host
Sources of wealth
Steven Harvey Global, startups, and investments
Real estate, startups, stocks, watches, crypto, NFTs
Steve Harvey was born as Broderick Stephen Harvey on January 17, 1957, the youngest of five kids in Welch, West Virginia. His early life was not easy for his family. His dad was a coal miner, but they later moved to a farm outside Cleveland, Ohio when coal mining jobs became scarce. Steve Harvey went to Kent State University and West Virginia University but never graduated and instead held several odd jobs like postman, insurance salesman, and even a boxer.
At the age of 27, Steve Harvey began doing stand up comedy. After winning an amateur night contest at the Hilarities Comedy Club in Cleveland, he decided to pursue a comedy career. He started by performing for his friends for $5 per joke. He became well-known at clubs in cities around the U.S. In 1993, Steve Harvey was given the chance to perform on national TV on Showtime At The Apollo, but nearly didn’t make it because he couldn’t afford the airfare.
Family Feud host Steve Harvey's net worth is an estimated $200 million.
Image source: youtube.com
Thankfully, he was able to book a gig to cover the cost of the flight and his comedy career took off. Harvey landed a hit on the TV series The Steve Harvey Show and later became a game show host of Family Feud and its spinoff, Celebrity Family Feud. He also has a radio program called The Steve Harvey Morning Show that has been running for over 20 years.
He continued to do standup comedy, appearing on the Kings of Comedy tour in 1997, which became the highest-grossing comedy tour in history at $19 million in 1998. Additionally, Harvey hosted the 2015 to 2018 Miss Universe Pageant, where he famously named runner-up Miss Columbia the winner by mistake. Between his TV shows and radio show, Steve Harvey made nearly $45 million annually.
Steve Harvey has not only managed to amass a more-than-small fortune over the years, but he has also invested in a few business ventures through his investment company, Harvey Ventures, and his entertainment company, Steven Harvey Global. Some of his first investments were in real estate—he’s owned property in Dallas, Chicago, and Atlanta and pays $110,000 a month on rent for his place in Los Angeles.
So how does Steve Harvey invest his money? Because Steve Harvey doesn’t reveal his entire investment portfolio and strategies, we don’t know exactly what he invests in. But based on information publicly available, we think that the majority of Steve Harvey’s investment portfolio is in startups and cash—around 51% and 27%, respectively.
The rest of his investments seem to be in stocks, real estate, and alternative assets. We estimate that Steve Harvey only has 8% of his portfolio in stocks, while 11% is in real estate. The rest of his portfolio is divided between luxury watches, crypto, and NFTs. Steve Harvey hasn’t discussed the exact amount he invests in each asset, but we do know he doesn’t invest heavily in any particular asset.
One of Steve Harvey’s first investments was in real estate. He’s owned a number of properties throughout the years. He purchased a 5,500 square-foot Chicago penthouse in 2013 and sold it for $7.7 million in 2018. He also had a home in Little Elm, Texas, which was sold for an undisclosed amount in 2020 after being on and off the market for a number of years.
In 2020, Steve Harvey bought the former home of media mogul Tyler Perry in Atlanta for a mere $15 million. Real estate prices have gone up about 40% since 2020, so it’s worth an estimated $21 million today.
Fans of the drama series Dynasty might recognize the sprawling 17 acres, as this house was the backdrop of the external shots of Carrington Manor. The 34,688 square feet property features an infinity pool, multiple guest areas, a gym, a spa, seven bedrooms, a tennis court, and has off-grid capability using its own backup power generator.
Steve Harvey paid $15 million for this 35,000-square-foot mansion in Atlanta.
Image source: oklahoman.com
Although we can’t all afford to live in a sprawling mansion, real estate investing platforms like Elevate Money make it easy to earn passive income from commercial property. With Elevate Money, you can invest as little as $100 in a diversified pool of commercial properties that produce income on a regular basis.
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Startups make up the bulk of Steve Harvey’s investment portfolio. He invests in many startup companies through Steve Harvey Global, which consolidates all his business interests. Some of the key companies he’s invested in include:
Investors who are as interested in startups and private companies before they go public as Steve Harvey is must check out Dizraptor. This platform enables accredited investors to easily diversify their holdings by putting their money into private companies like SpaceX, Klarna, and others.
Besides startups, Steve Harvey also launched an entertainment company in 2017 called Steven Harvey Global, as well as its production company, East 112. The company was behind the talent show Little Big Shots and the film Think Like a Man, which made $113 million. It also owns the international versions of Family Feud.
Steve Harvey invests nearly half of his portfolio in startups.
Image source: usatoday.com
Based off those earnings and the fact that 'Family Feud' is so popular, we assume that the production company is probably worth around $50 million. With Steve Harvey likely owning at least 75% of the company, that means he has a stake of over $37.5 million.
Steve Harvey also invests in stocks through Harvey Ventures. He’s invested in several publicly traded companies and has a mixed portfolio of tech stocks, energy stocks, finance, and blockchain companies.
Besides stocks and startups, Steve Harvey is also a big watch collector, just like Kevin O’Leary and Chamath Palihatiya. Based on the watches that he’s been spotted wearing, his collection is worth an estimated $283,000. Some of the luxury watches he owns are the Rolex Daytona and Rolex Day Date.
Family Feud game host Steve Harvey owns an estimated $283,000 worth of watches.
Image source: @iamsteveharveytv on instagram
Steve Harvey doesn’t invest in a lot of crypto or NFTs. In total, we estimate that he invests about 2% of his total portfolio in crypto and NFTs. He’s mentioned that he does own Bitcoin and Ethereum, though he is not a heavy investor in the space.
Besides crypto, Steve Harvey also invests in NFTs and even dropped an NFT for his charity, The Steve and Marjorie Harvey Foundation. Most of his NFT investments seem to be about ownership of his content. We know he owns an NFT from the Solana Monkey Business collection. At the moment Monkey Business NFTs are going from about $16,000 to $25,000, and because Harvey featured it as his Twitter profile, it's likely worth on the higher end of that range.
If you’re looking to get into crypto but aren’t sure where to start, the cryptocurrency exchange Kraken lets you buy, sell, and trade digital currencies like Bitcoin and Ethereum. Their interface is easy to use and you can access your holdings in one place. Plus most of their digital assets are held in cold wallets, making it more secure.
For Steve Harvey, the best time to invest is yesterday—the second best time to invest is today. Steve Harvey is a big fan of investing often. As both an investor and philanthropist, he believes in putting his money where there is a need. And most importantly, he continues to invest even when his investments fail, so his money can continue working for him.
Comedian Steve Harvey made his fortune as a TV star and game show host.
Image source: news.gsu.edu
In his personal life, Steve Harvey also believes in putting his money towards things that matter. He and his third wife, Marjorie Bridges, founded The Steve and Marjorie Harvey Foundation which focuses on youth outreach, education, and mentoring.
Here are the three principles that have driven Steve Harvey’s success.
Harvey is a big fan of investing as soon and as often as you can. He follows the dollar cost averaging principle—the more often you invest, then the more likely you are to minimize losses by buying at various price points, so it averages out over the long term.
When Steve Harvey looks to invest, he makes sure it fits one of three criteria: to be either the first, the best, or the only company or asset that meet's a need.
Harvey has seen a few recessions in his lifetime and knows that not all investments will make a fortune overnight. The market has seasons of ups and downs and not everything pans out as planned. For Steve Harvey, that means buying and holding long enough for things to turn around.
Steve Harvey's net worth is an estimated $200 million. He's a well-known stand up comedian, outstanding game show host, and investor in a number of well-known startups, like Acorns, Stripe, SpaceX, GitHub, and others.
Steve Harvey became rich from his income as a television host as well as his many business ventures. He got his first big break in the 1990s when became the host of “Showtime at the Apollo.” He is an avid investor in stocks, startups, crypto, watches, and NFTs.
Steve Harvey became famous after he won a comedy competition in 1990 that led to his break on Showtime at the Apollo. He became famous for his observational humor and for his reactions to contestants as a host for the long-running game show, Family Feud.
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