Veteran TV anchor Gayle King has signed a new contract with CBS News, ending months of speculation about her future at the network. King, 71, will continue as co-anchor of CBS Mornings, a role she has held for more than a decade, and expressed her excitement to remain with the network, which she described as her “longtime home.”
She told Reuters: “The rumors of my death were inaccurate and greatly exaggerated. CBS News is my longtime home and I am committed to our mission. I am thrilled to continue on ‘CBS Mornings.’
Although specific terms of her new contract have not been disclosed, King’s previous deal — which was set to expire in May — was worth around $15 million a year. She is widely considered to be one of the highest paid broadcasters on American television.
Career Salary and Net Worth
King’s long career in broadcast journalism earned her a substantial personal fortune. As of 2025, he estimates her net worth to be around $80 milliondrawing on her CBS salary, media ventures and other sources of income. She reportedly earns a salary in the low to mid-eight figures annually from CBS alone, with some reports putting her salary between $12 million and $15 million per year in recent contracts.
In addition to her television salary, King has diversified her earnings through roles as managing editor for O, The Oprah Magazine, and various speaking engagements, books, podcasts, and endorsements. Over the years, she has also built a reputation as a respected interviewer in broadcast journalism.
Real estate and luxury assets
King’s wealth allowed her to build an impressive real estate portfolio. He is reported to own several high-value properties including a penthouse in Manhattan, a beach house in Malibu, and other homes in Miami Beach and upstate New York. Some of these properties are valued in the millions, reflecting both personal use and long-term investment.
Her taste for luxury extends beyond real estate. Reports suggest that King’s collection of high-end vehicles includes the likes of Rolls-Royce, Porsche, Ferrari and other premium models, a lifestyle enjoyed by few in broadcast journalism.
Family and personal life
King has been open about her life outside the studio, including her role as a mother of two children, daughter Kirby Bumpus and son William Bumpus Jr., from her marriage to attorney William Bumpus, which ended in 1993. She has maintained a prominent position in popular culture, often noted for her longtime friendship with media icon Oprah Winfrey, which shaped parts of her public persona.
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Confirmation and public presence
Salary and wealth aside, King’s profile attracted a number of opportunities. She has been involved in endorsements and sponsorships, although she is best known for her work in broadcasting. Her influence in the media and news has also led to invitations to speak at events, participate in industry panels and contribute to press conferences.
King’s decision to extend his contract comes amid significant changes at CBS News, including significant departures and ongoing strategic reviews under new leadership. Her continued role on CBS Mornings is seen as a stabilizing presence for the network as it navigates changing audience patterns and an evolving media landscape.
Her wealth and career achievements, combined with her new deal with CBS, underscore King’s lasting influence in television journalism
