Paul Shaffer Net Worth

$30 Million

Last Updated:

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What is Paul Shaffer’s net worth? 

Net Worth:$30 Million
Born:November 28, 1949
Height:1.65 m (5 ft 5 in)
Country of Origin:Canada
Source of Wealth:Professional Singer
Last Updated:March 8, 2023


Paul Shaffer is a Canadian singer, composer, actor, author, comedian, and multi-instrumentalist.

Shaffer served as David Letterman’s musical director, bandleader, and sidekick from 1982 to 1993 and the Late Show with David Letterman from 1993 to 2015. 

As of March 2023, Paul Shaffer’s net worth is estimated to be roughly $30 Million. 


Early Life 

Paul Shaffer was born on the 28th of November, 1949, in Toronto. He was raised in Fort Williams.

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, his parents took him on a trip to Las Vegas, where they took in Nat King Cole and other shows.

As a child, he took piano lessons. He began playing with guitarist Tisziji Muñoz, performing in bands around the bars there, where he found an interest in musicals and completed his studies. 



Shaffer’s first onscreen appearance was a brief one. He played the organ at an outdoor wedding in 1971. He landed a job as musical director of a Toronto production of Godspell in 1972.

Shaffer soon branched out into radio work, including National Lampoon’s Radio Hour, and played on other artists’ recording sessions, commercial jingles, and demos.

He joined the comedy program Saturday Night Live in 1975. He then appeared in the show’s sketches regularly with a noted sketch as the pianist for Bill Murray‘s Nick the Lounge Singer character. 

In 1977, he left SNL to co-star in ‘A Year at the Top,’ which was a short-lived CBS sitcom. After the series was canceled, he went back to SNL. He made history in the spring of 1980 when he was the first performer to utter the F word live on SNL accidentally. 

His big break came in 1982 when he became the musical director of Late Night with David Letterman and the leader of the World’s Most Dangerous Band. 

Shaffer served as the leader of Paul Shaffer and the CBS Orchestra for “Late Show with David Letterman. Throughout his time there, he also guest-hosted the show four times. 

As of March 2023, Paul Shaffer’s net worth is estimated to be roughly $5 million. 


How Does Paul Shaffer Spend His Money?

Paul Shaffer spends some of his money on real estate and charity work. 


Paul Shaffer’s Home 

Shaffer owns a beautiful home in Bedford, New York. 


Paul Shaffer’s Charity Work 

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



Here are some of the best highlights of Paul Shaffer’s career:

  • When the Radio Is On (Song, 1989) 
  • Happy Street (Song, 2017) 
  • Yeh Yeh (Song, 2017) 


Favorite Quotes from Paul Shaffer

“As far as favorite ‘overall package’ record of all time, I’d have to say ‘My Girl’ by The Temptations. I like everything about it, not only the composition – but the arrangement, the production, the lead vocals, the background vocals, the horns, the strings. That one I listen to over and over again.” – Paul Shaffer

“I think of all the things that I’ve gotten to do, all the wonderful people that I’ve played with, being in the recording studio with Phil Spector tops them all. And, of course, now he is in prison. I hope to visit him. I still consider him a friend, and what can you say?” – Paul Shaffer

“I lived at the Gramercy Park Hotel for about 10 years. It was terrific. It was a pleasantly run-down hotel of the ’70s and ’80s with a mix of older, rent-controlled apartment dwellers, Europeans, and new wave and punk bands. The room service was great, the hamburger was terrific, and they had a doctor who made house calls.” – Paul Shaffer

“I actually met Deadmau5 for 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.” – Paul Shaffer

“James Brown was my favorite, my absolute idol. Every time I played with him was like a music lesson, and I never thought I could be so funky! I mean, a white boy from Canada – a Jew – getting down with his funky bad self!” – Paul Shaffer

“I was a friend of Tommy’s towards what turned out to be the end of his life. He was so vital in producing records up until he had to go into the hospital. I became friendly with him because we were sort of neighbors.” – Paul Shaffer 


3 Life Lessons from Paul Shaffer

Now that you know all about Paul Shaffer’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 


1. Life 

Life is nutty; anything can happen.


2. Animals 

When you look into the eyes of an animal you’ve rescued, you can’t help but fall in love.


3. Help Dogs 

Everybody should have a shelter dog. It’s good for the soul.


Frequently Asked Questions


How much is Paul Shaffer worth?

Paul Shaffer’s net worth is estimated to be $30 Million.

How old is Paul Shaffer?

Paul Shaffer was born on November 28, 1949, and is currently 73 years old.

How tall is Paul Shaffer?

Paul Shaffer’s height is 1.65 m, which is equal to 5 ft 5 in.


Paul Shaffer is an American musician and bandleader best known for being the musical director, bandleader, and sidekick for comedian David Letterman.

In addition to accompanying musical guests on Letterman’s show, he has released many albums and contributed his expertise to other projects.

As of March 2023, Paul Shaffer’s net worth is estimated to be roughly $30 Million. 

What do you think about Paul Shaffer’s net worth? Leave a comment below. 

John Mulder
John Mulder
John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.


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