Ever wondered Eric McCormack net worth and how this iconic actor amassed his wealth over decades in Hollywood? From breakout TV roles to recurring royalties, Eric McCormack’s financial story is as compelling as his acting career. In this in‑depth, SEO‑optimized article, we’ll explore his income sources, career highlights, personal background, and financial insights — all presented in an easy‑to‑read structure designed to engage and inform.
1. Who Is Eric McCormack?
Eric McCormack is a Canadian‑American actor and producer best known for his Emmy‑winning role as Will Truman in the groundbreaking sitcom Will & Grace. Born on April 18, 1963, McCormack’s career spans television, film, and stage, making him one of the most beloved faces in modern TV history.
As of recent estimates, Eric McCormack net worth is generally reported at around $20 million to $25 million, a testament to his long‑standing success in entertainment. While estimates vary slightly across different sources, the general consensus is that his wealth reflects decades of consistent work.
2. Early Life and Career Beginnings
Born in Toronto, Canada, McCormack grew up with a passion for performing arts. After graduating from Ryerson University’s theatre program, he spent several years performing in theatre, including at the prestigious Stratford Shakespeare Festival in Ontario.
His early screen roles included parts in TV series like Street Justice, Ally McBeal, and Lonesome Dove: The Series. Though these roles were modest, they set the stage for McCormack’s breakout success in the late 1990s.
3. Breakthrough with Will & Grace
The defining moment in McCormack’s career came in 1998 when he was cast as Will Truman, a witty lawyer in the sitcom Will & Grace. The show became a cultural phenomenon and ran for eight seasons in its original run (1998–2006), with a highly successful revival series from 2017–2020.
This role not only brought McCormack critical acclaim, including an Emmy Award, but also substantial financial rewards through high per‑episode salaries and ongoing residuals.
4. How Much Did McCormack Earn from Will & Grace?
At the peak of Will & Grace, McCormack’s salary reportedly reached around $250,000 per episode, one of the highest rates for sitcom actors of that era.
Considering the number of episodes across multiple seasons and the revival series, earnings from this show alone likely accounted for a significant portion of his overall wealth.
5. Other Television and Film Roles
Beyond Will & Grace, McCormack has appeared in several TV series and films, including:
- Perception
- Travelers
- Trust Me
- The Andromeda Strain
- Various theatrical productions
These roles helped diversify his career, ensuring income continuity beyond his signature sitcom.
6. Production and Behind‑the‑Scenes Work
In addition to acting, McCormack has ventured into producing and writing work. While his production credits are not as extensive as his acting portfolio, they contribute to his creative legacy and earnings.
These additional roles showcase McCormack’s versatility in the entertainment business, further solidifying his value in Hollywood.
7. Residuals, Royalties, and Long‑Term Income
One of the key pillars of Eric McCormack net worth lies in residuals and royalties — payments actors receive when shows are rerun, syndicated, or streamed.
Because Will & Grace remains popular on streaming platforms, McCormack continues to benefit financially, even years after filming wrapped. These residuals can be a substantial ongoing revenue source for actors with hit shows.
8. Real Estate Holdings and Investments
McCormack’s assets extend beyond acting revenue. His real estate portfolio has included high‑value homes in places like Los Angeles and Vancouver, Canada — often with significant worth increases over time.
In 1999, he and then‑wife Janet Leigh Holden purchased a Los Angeles home for under $1 million, a property that later appreciated considerably.
9. Personal Life and Financial Impacts
Eric McCormack was married to Janet Leigh Holden for 26 years, and their divorce was finalized in 2025. As part of the settlement, McCormack agreed to pay $10,000 a month in spousal support and split income from projects created during their marriage.
Financial arrangements like these can have long‑term impacts on an individual’s net worth and annual cash flow — especially given continued residual earnings from Will & Grace.
10. Awards and Accolades That Shaped His Career
McCormack’s performance as Will Truman earned him numerous awards, including:
- Primetime Emmy Award
- Multiple nominations over the years
These awards not only cemented his legacy but often lead to higher pay rates and more industry opportunities.
11. Social Media and Modern Revenue Streams
While McCormack’s main income comes from acting and residuals, platforms like Instagram have allowed celebrities to supplement earnings through sponsored content, although this represents a much smaller portion of his overall revenue.
12. How Will & Grace Continues to Fuel His Wealth
Even years after its original run, Will & Grace remains relevant culturally and financially. Streaming platforms, syndication deals, and renewed interest in classic shows continue boosting McCormack’s residual income — a key factor in the long‑term sustainability of his net worth.
13. Comparing Reports: Net Worth Estimates Over the Years
Various outlets report different figures for Eric McCormack net worth:
- $20 million — commonly cited by sources like Celebrity Net Worth.
- $20–$25 million — adjusted estimates factoring in ongoing earnings and inflation.
- Lower early estimates ($15 million) — older evaluations based on earlier phases of his career.
These discrepancies reflect how wealth estimates can vary based on methodology and timing.
14. What Makes McCormack’s Wealth Sustainable?
McCormack’s long career, diversified roles, strong residual streams, and strategic real estate holdings all contribute to a well‑balanced financial profile. This combination of recurring income and smart asset management is key to maintaining his net worth through changing industry landscapes.
15. Lesser‑Known Facts About His Financial Journey
While most people know McCormack for his acting, he has also:
- Supported theatre and stage projects early in his career
- Actively participated in charitable work
- Earned money through various creative and behind‑the‑camera roles
These lesser‑known avenues reveal a multifaceted approach to his professional life — one that helped shape his overall wealth.
16. The Impact of Royalties on Long‑Term Earnings
Residuals from syndication and streaming can continue paying for decades — a fact that’s especially true for actors from classic sitcoms. McCormack’s earnings from Will & Grace illustrate how royalties contribute significantly to net worth sustainability.
17. Future Prospects for His Career and Wealth
Even beyond his existing work, McCormack’s career shows no signs of slowing. New roles, guest appearances, or creative projects — combined with ongoing residuals — mean his financial story continues evolving.
18. Conclusion: The Full Picture of Eric McCormack Net Worth
In conclusion, Eric McCormack net worth reflects a successful acting career anchored by Will & Grace, supplemented by steady TV roles, royalties, real estate, and smart long‑term income strategies. While estimates vary slightly across sources, most place his wealth comfortably in the $20–$25 million range.
From humble Canadian roots to Hollywood success, McCormack’s journey is a testament to talent, persistence, and business acumen.
FAQs About Eric McCormack Net Worth
1. What is Eric McCormack’s current net worth?
As of 2025 estimates, Eric McCormack’s net worth is around $20–$25 million.
2. Which role earned McCormack the most money?
His role as Will Truman on Will & Grace is by far his biggest financial contributor.
3. Does McCormack still earn money from Will & Grace?
Yes — through residuals and royalties from reruns and streaming platforms.
4. Did his divorce affect his net worth?
Financially, yes — part of his income is now shared through spousal support and community property agreements.
5. Has McCormack invested outside of acting?
He has invested in real estate, holding valuable properties in Los Angeles and Canada.
