Eric McCormack Net Worth

What Is Eric McCormack's Net Worth?

Eric McCormack is an American-Canadian actor, singer, and producer who has a net worth of $20 million. Eric McCormack is best known for his role as Will Truman in the Emmy award-winning television show "Will and Grace." This role, for which he won a Primetime Emmy Award in 2001, was groundbreaking for its portrayal of a gay main character on American television, contributing significantly to the show's widespread acclaim and cultural impact.

Following the success of "Will & Grace," McCormack continued to expand his repertoire, taking on diverse roles in both television and film. He starred in the science fiction drama "Travellers," the crime drama "Perception," and the horror anthology series "Slasher." His theatrical accomplishments include starring in productions of "The Music Man" and "The Cottage" on Broadway and "Some Girl(s)" Off-Broadway.

Early Life

Eric McCormack was born Eric James McCormack on April 18, 1963, in Toronto, Canada. His mother was a homemaker, and his father worked as a financial analyst for an oil company. He is the oldest of his three siblings, and the family has Scottish ancestry. As a child, Eric was shy but found comfort in theater. He attended high school at the Sir John A. Macdonald Collegiate Institute, where he was active in the school's theater department. Filmmaker and future husband to Elton John, David Furnish, was McCormack's classmate.

After performing in the musical "Godspell," Eric made the decision to pursue acting as a career. Upon graduating from high school in 1982, he went to Ryerson University School of Theatre in Toronto. He didn't finish his degree and instead chose to take a position working at a Shakespeare festival in Ontario. He worked there for five seasons until deciding that he would rather pursue acting on television and film.

Early Career

McCormack made his onscreen acting debut in 1986, appearing in the television special "The Boys from Syracuse" and the Shakespearean TV movie "Twelfth Night." He continued taking small roles in minor productions until moving to LA. His debut on American television came in 1991 with a guest-starring role in an episode on the CBS show "Top Cops." After his first appearance on American television screens, it didn't take long for Eric to start landing larger roles. In 1992, he starred in the film "The Lost World" as well as its sequel "Return to the Lost World." The following year, he was given a recurring role in the television series "Street Justice," which would only run for two seasons.

From 1994 to 1995, McCormack played Colonel Francis Clay Mosby in more than 40 episodes of the Western television show "Lonesome Dove: The Series" / "Lonesome Dove: The Outlaw Years."

McCormack auditioned several times for the role of Ross Geller in the sitcom "Friends," but the part went to David Schwimmer instead. In 1997, he had minor roles on several comedy television shows in addition to starring in the made-for-television film "Borrowed Hearts." Eric was cast as a regular in the one-season NBC sitcom "Jenny," but he was let go after the pilot, as the studio decided to cut his character. His breakthrough role on the sitcom "Will & Grace" would come the next year in 1998.

"Will & Grace"

When McCormack read the lead part for "Will & Grace," he was certain that he was the right person for the role. Although the character on the show is gay and Eric is not, he remarked that they were similar in their personalities. He starred opposite Debra Messing, who was cast as Grace. The show premiered in September 1998, and its pilot episode was viewed by around 8.6 million Americans. It remained incredibly popular throughout its eight-season run, and it received 83 Emmy nominations and 18 Emmy Awards, with each main actor winning at least once. McCormack himself received four nominations, with a win in 2001 for Outstanding Lead Actor in a Comedy Series. The show garnered him five Golden Globe nominations, with the most recent being in 2018 for the revival series. The original show concluded in 2006, but in 2017, NBC announced that they were bringing it back for a reboot. Initially, NBC only agreed to a ten-episode season, however, they extended their order to sixteen episodes for season one and thirteen for season two. The revival was popular, and the series ended for the last time in 2020 after its additional three seasons.

"Will & Grace" Salary

At the peak of "Will & Grace," Eric and his co-star Debra Messing were both paid $250,000 in base salary alone (not including royalties). That worked out to around $6 million per season.

Other Work

McCormack's career primarily includes work on television shows and in theatrical plays, but he has acted in a few feature films. He starred alongside Eddy Murphy and Kelly Preston in the 1998 comedy-drama "Holy Man." The same year, he received praise for his performance in the comedy "Free Enterprise," which also featured William Shatner, but the film only played in a small number of theaters in LA. Eric's next non-television film wouldn't be until 2005 with "The Sisters," which saw a limited theatrical release but won him an award for Outstanding Actor at the Dixie Film Festival. In 2009, he starred alongside Renée Zellweger and Kevin Bacon in the comedy-drama "My One and Only," which grossed over $3 million worldwide after its limited release was expanded. McCormack found far more success on television than on the big screen. Even when cast with other talented actors, many of his films only saw a limited release. He played a supporting role in the 2013 political thriller "Knife Fight" with Rob Lowe, Julie Bowden, and Jennifer Morrison, but despite a talented cast, it was only shown in two theaters and grossed a mere $5,661. From 2016 to 2018, he starred on the Netflix science fiction series "Travelers," which lasted three seasons.

Personal Life

McCormack met Janet Holden on the set of "Lonesome Dove: The Series," where she worked as an assistant director, and they married in 1997. They have a son named Finnegan and have homes in both LA and Vancouver. Unfortunately, Janet filed for divorce in November 2023 after 26 years of marriage.

He maintains dual citizenship between Canada and the US and has been an American citizen since 1999. In 2010, he received a star on Canada's Walk of Fame in Toronto, and in 2018, he was given one on the Hollywood Walk of Fame.

Eric has supported a number of charitable organizations throughout his career and serves as an honorary board member of the Multiple Myeloma Research Foundation. He and his wife received the Angel Award for their work with Project Angel Food, an organization that works to provide meals to people who are suffering from chronic illnesses. He has served as the Stand Up To Cancer Canada Ambassador as well as an ambassador for the Canadian Cancer Society's "Plaid for Dad" campaign. His father died of prostate cancer in 2008, and his mother beat breast cancer before dying of bladder cancer in 2006.

Real Estate

In 1999, Eric and Janet paid just under $1 million for an impressive mansion in the LA suburb of Toluca Lake. Today the house is worth at least $4 million.