It is a moment of mourning for the world of journalism. Famous film critic Rex Reed has died at the age of 87 at his Manhattan home following a brief illness, according to his publicist Sean Katz, who was acting on behalf of Reed's friend William Kapfer. Reed was a prominent character in film journalism for more than 60 years, known for his audacious cultural critiques. Through his publications and television appearances, he left a long reputation despite his controversial opinions. However, this also prompted many to take a look at the personal riches of the critic.

So, how much exactly is the late film journalist worth, and what major revenue sources contributed to his lavish lifestyle?

While there is no confirmed number on his total net worth, as different sources quote different numbers, his estimated net worth is supposed to be between $3 million and $5 million, per celebswiki.info. However, the estimate is based on his earnings till 2025. Another source, Soap Central, claims the figure to be around $4 million, but it is based on the estimates till July, 2021.

There are no fresh updates on his net worth, and no definite way to come to a credible number. His long-term job as a columnist for The New York Observer, book royalties, speaking engagements, and guest appearances have all contributed to his income. Although his yearly compensation at the Observer was never made public, industry standards indicate that at the height of their careers, prominent columnists and well-known critics in New York City can make between $100,000 and $200,000 annually, per ZipRecruiter.

Not much is known about his other assets, like investments, other business ventures, or real estate. However, Soap Central mentions a Manhattan residence worth around $30,000. Mentions of a Connecticut property also finds its way here and there, but there is no credible way to confirm that.

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What do you think of Rex Reed’s net worth? Do you find it justified for a film critic of his stature? Share your thoughts in the comments.