Craig Melvin appeared on the Today show for years before he was named Hoda Kotb’s replacement in 2024. In light of his promotion, people are likely wondering what his net worth is and how he makes money.

Craig Melvin, 45, will be taking over for “Today” anchor Hoda Kotb when she steps down. The move will give him a big salary bump, as Us Weekly reports that he’ll make about $5 million to $6 million in his new role. He allegedly makes $3 million per year now.

As Craig fills Hoda's shoes in his newest role, set to begin on January 11, 2025, he is likely to get a huge salary boost, placing him in the ranks of TV's highest-paid male anchors, amongst the likes of Anderson Cooper and Michael Strahan. Join HELLO! as we discover who takes the prize of the highest-paid male TV anchor.