Hoda Kotb To Receive Big Pay Raise After Replacing Matt Lauer On ‘Today’

Hoda Kotb has been officially chosen to replace Matt Lauer on NBC’s the Today show.

HODA KOTB’S PAY RAISE

The 53-year-old correspondent has been co-hosting the show’s fourth hour with Kathie Lee Gifford since 2008, and will now join Savannah Guthrie as co-host from 7 a.m. until 9 a.m. weekly. Kotb will also continue hosting alongside Gifford. “Today it’s 2018 and we’re kicking off the new year right because Hoda is officially the co-anchor of Today,” Guthrie said on the air.

Lauer was NBC’s highest-paid anchor, but with his exit, that honor falls to Megyn Kelly, who earns somewhere between $15 and $20 million annually. Before being fired following sexual misconduct allegations, Lauer received $20 million during his tenure as co-anchor, making his net-worth around $60 million. Currently, Kotb’s net-worth floats around $12 million, so she should see a big bump in pay with her promotion.

Kotb began her career as a newscasting assistant with CBS in Egypt, and then moved to New Orleans to be an anchor and reporter. She started at NBC News in 1998 as a correspondent for Dateline, and began hosting Today‘s fourth hour 10 years later.