What is Paul Shaffer’s Net Worth?


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

Shaffer was David Letterman’s musical director, bandleader, and sidekick between 1982 and 1993. The Late Show with David Letterman ran from 1993 to 2015.

Paul Shaffer’s net worth is approximately $30 Million as of July 2022.

Early Life

Paul Shaffer was a Canadian born on 28 November 1949 in Toronto. He was raised in Fort Williams.

He is the child of Shirley Shaffer and Bernard Shaffer. His father was a jazz enthusiast, and his mother loved show songs.

He was 12 years old when his parents took him on vacation to Las Vegas. There, they saw Nat King Cole and other shows.

As a child, he learned piano lessons. He played guitar with Tisziji and was a member of the bands that performed at bars. There he developed an interest in musicals, and he completed his studies.


Shaffer’s debut onscreen appearance was brief. He was an organist at an outdoor wedding in 1971. He was offered a position as the musical director in a Godspell production in Toronto, Canada in 1972.

Shaffer quickly branched out into radio, including National Lampoon’s Radio Hour. She also recorded sessions with other artists, as well as commercial jingles and demos.

He was a Saturday Night Live comedian when he first joined. He was then a regular on Saturday Night Live, appearing in sketches with the well-known sketch of him as Nick the Lounge Singer’s pianist.

In 1977, he quit SNL to appear in “A Year at the Top”, a CBS sitcom. After the series ended, he returned to SNL. He was the first to accidentally use the F word live on SNL in spring 1980.

His biggest break was 1982 when he became the music director of Late Night With David Letterman and the leader of the World’s Most Dangerous Band.

Shaffer was the CBS Orchestra’s leader for “Late Show with David Letterman,” and Paul Shaffer led them. He hosted the show on four occasions during his tenure.

Paul Shaffer’s net worth is approximately $5 million, as of July 2022.

How Does Paul Shaffer Spend His Money

Paul Shaffer invests some of his funds in real estate and charity work.

Shaffer has a beautiful home located in Bedford, New York.

Shaffer has assisted organizations such as BID 2 BEAT AIDA, International Myeloma Foundation (IMF), Jazz Foundation of America (Jazz Foundation of America), Little Kids Rock and Maddie’s Fund.


Here are some highlights from Paul Shaffer’s career.

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

Three Life Lessons From Paul Shaffer

Now that you’re familiar with the net worth of Paul Shaffer and his success story, let’s examine some of the lessons that we can learn.

1. Life

The possibilities are endless in life.

2. Animals

It’s easy to fall in love with an animal that you have saved when you look into its eyes.

3. Dogs need your help

Everyone should have a shelter dog. It’s good for your soul.

Favorite Quotes From Paul Shaffer

I spent about 10 years at the Gramercy Park Hotel. It was fantastic. It was a very rundown hotel in the ’70s/’80s. The guests were mostly older, rent-controlled residents, Europeans, new wave and punk artists. The room service was excellent, the hamburger was delicious, and there was a doctor on call.

My favourite ‘overall’ package record is ‘My Girl,’ by The Temptations. It’s everything, not just the composition but also the arrangement, background vocals and strings. It’s the one that I keep on repeat.