Walter Cronkite Net Worth

Salary: Walter’s biggest contract came in 1981 when he signed a 7-year deal that paid him $1 million per year, which is the same as around $2.7 million per year today. After he yielded his slot to Dan Rather in 1988, CBS paid Walter $150,000 per year to act as a consultant for the network. It was a somewhat ceremonial job and Walter actually turned down some fairly lucrative competing offers to stay with CBS. He was ready for a slower schedule.