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Neil Cavuto, who gained recognition for his work as a host on Fox News, is exiting the network after being a part of it for around 28 years. Apart from being a news anchor, he is an author of books such as More Than Money, as per Celebrity Net Worth. The outlet stated that his net worth stands at $25 million.
Notably, the 66-year-old was supposed to be a part of the network until the upcoming year based on the terms of his contract. However, an insider claimed while speaking to USA Today that the exit reportedly happened due to pay cuts that have been happening since 2023 due to the evolving news business.
The outlet also stated that the network is finalizing a new programming slate. New hosts will take over Neil Cavuto's shows on a rotating basis. The process is scheduled to start sometime next year.
On the other hand, Fox News also addressed Cavuto's contributions in a statement which reads:
"Neil Cavuto's illustrious career has been a master class in journalism and we're extremely proud of his incredible 28-year run with Fox News Media. His programs have defined business news and set the standard for the entire industry. We wish him a heartfelt farewell and all the best on his next chapter."
The Los Angeles Times stated that Neil's exit comes at a time when various anchors working for different networks are being requested to take a low salary considering that the ratings and revenues have witnessed a decrease compared to how things were in the past.
Neil Cavuto has accumulated a lot of wealth from his television career: Salary, health issues, and other details explained
The Westbury, New York native hosted various shows over the years that made him a popular face among the public. His association with Fox News has been contributing a lot to his earnings and his annual salary was reported to be $7 million during his time at the network, as per Celebrity Net Worth.
According to The Hollywood Reporter, Neil Cavuto has covered a lot of events throughout his career, including elections. Furthermore, he had been targeted by Donald Trump's supporters on a few occasions considering that he criticized the former president of the United States in the past.
His bio on Fox News stated that he has interviewed a lot of personalities like Mark Cuban and Sir Richard Branson. Before coming to the network, he was employed at CNBC as an anchor of the most popular show, Market Wrap.
Neil Cavuto was also the host of a town hall called Inflation in America featured on his show Cavuto: Coast to Coast in 2022. His hosting for the 2016 election on Fox Business Network received the highest rating. His appearance on the network created a similar record the previous year when he moderated the Republican presidential primary debate with Maria Bartiromo.
Neil also covered the September 11, 2001 attacks alongside the 1987 stock market crash. He additionally worked on two shows on NBC, including Today Show and News at Sunrise.
He served various positions at Fox News in his career, including senior Vice president and the managing editor of business at Fox Business Network.
Neil Cavuto's health issues explained in brief
Despite having a successful career over the years, he also struggled with some health problems. He had battled multiple sclerosis alongside stage four cancer. He even had to undergo an open-heart surgery, as reported by NPR.
The outlet stated that Neil Cavuto was taken to the ICU after being diagnosed with COVID-19 and he revealed the same while appearing on the show, Cavuto: Coast to Coast in February 2022. Neil told the viewers that he was able to survive only because he was vaccinated.
Neil had previously requested everyone to get their vaccinations so that everyone stays safe. He further stated that he had told Fox to not reveal his health issues to anyone. He clarified that he was not hospitalized because of the COVID vaccine as he stated:
"Some of you who've wanted to put me out of my misery darn near got what you wished for. So, sorry to disappoint you! But no, the vaccine didn't cause that … My very compromised immune system did."
Cavuto contracted multiple sclerosis around 15 years ago and he continued hosting his shows along with researching about the health problem. He even approached some doctors who advised him to take medication so that the symptoms could be improved.
