Drew Carey's Shocking Vow: Why The Price Is Right Host Will NEVER Retire (Plus His $12.5M Salary And Studio Move)
The Price Is Right, television's longest-running game show, is currently in the midst of one of the most significant transitional periods in its history, all while its host, Drew Carey, has made a bold, public vow regarding his future. As of December 2025, the show is firmly in its new era, having recently completed a historic move to a brand-new studio and with Carey cementing his status as the face of the franchise for the foreseeable future. This article dives into the latest updates, the host's massive salary, and the major changes that have redefined the beloved daytime staple.
After succeeding the legendary Bob Barker in 2007, Drew Carey has spent over 17 years at the helm, managing to carve out his own legacy while honoring the show's iconic past. His tenure is marked not only by his affable, everyman hosting style but also by a dramatic personal health transformation and a commitment to the show that suggests he plans on beating his predecessor's record.
Drew Carey: The Price Is Right's $12.5 Million Man
Drew Allison Carey, born May 23, 1958, in Cleveland, Ohio, is a comedian, actor, and game show host whose career spans stand-up, sitcoms, and unscripted television. His transition to becoming the host of The Price Is Right in 2007 marked a pivotal moment in his career, making him one of the highest-paid personalities in daytime television. His current professional profile is a testament to his enduring appeal and versatility.
- Full Name: Drew Allison Carey
- Born: May 23, 1958 (Age 67 as of 2025)
- Birthplace: Cleveland, Ohio, U.S.
- Occupation: Comedian, Actor, Television Host, Photographer
- The Price Is Right Tenure: 2007–Present (17+ years)
- Previous Notable Roles: Host of Whose Line Is It Anyway? (US Version), Star of The Drew Carey Show (1995–2004)
- Annual Salary (The Price Is Right): An estimated $12.5 Million
- Net Worth: Estimated to be around $165 Million
- Health Transformation: Lost approximately 80 pounds after a Type 2 diabetes diagnosis, which he has maintained for over a decade
Carey's reported annual salary of $12.5 million for hosting The Price Is Right places him among the elite of television hosts worldwide, reflecting his value to the long-running show. The show's continued success in the competitive daytime market is a major factor in his substantial earnings, solidifying his role as a key entertainment entity. Beyond the paycheck, his commitment to the job runs deep, driven by a personal philosophy on work and retirement.
The Future of The Price Is Right: No Retirement and a Major Move
In recent interviews, Drew Carey has been unequivocal about his plans for the future of The Price Is Right, stating that he has no intention of retiring anytime soon. He has openly expressed a belief that his predecessor, Bob Barker, "made a mistake by retiring," and vowed not to repeat it. Carey’s goal is to continue hosting "as long as my heart is ticking and they want me to be on the show". This commitment suggests that the show's fans can expect to see him calling contestants down to Contestants' Row for many years to come, potentially challenging Barker's 35-year tenure.
This long-term vision comes at a time of other monumental changes for the show. After 51 years of broadcasting from the legendary Television City in Los Angeles, The Price Is Right has officially moved to a new home.
The Historic Studio Relocation
The show's move from the iconic Bob Barker Studio 33 at Television City to a new facility at Haven Studios in Glendale, California, is arguably the most significant production change since the show's modern revival in 1972.
- Old Home: Bob Barker Studio 33, Television City (1972–2023)
- New Home: Haven Studios, Glendale, California (2023–Present)
The move was necessitated by a massive renovation project at Television City, which resulted in many long-running productions, including The Price Is Right, seeking new locations. For a show deeply rooted in tradition, the physical relocation to a new, state-of-the-art facility represents a bold step into the future. Fans and contestants now experience a slightly different atmosphere, though the core elements—the games, the prizes, and the excitement—remain the same.
Carey’s personal transformation also plays a role in his longevity. His significant weight loss—around 80 pounds—was motivated by a Type 2 diabetes diagnosis, which he successfully reversed through diet and exercise. This renewed focus on health ensures the host has the energy and vitality to continue the demanding schedule of taping three episodes a day, a crucial element for maintaining the show’s high production volume.
The Enduring Legacy of Bob Barker and the Show's New Era
No discussion of The Price Is Right host can be complete without acknowledging the giant whose shoes Drew Carey filled: Bob Barker. Barker's death in August at the age of 99 brought an outpouring of tributes and a renewed focus on his unparalleled 35-year tenure.
Barker, who hosted the show from 1972 to 2007, was celebrated for his smooth hosting style and his famous sign-off reminder to viewers: "Help control the pet population—have your pets spayed or neutered." Following his passing, CBS aired a primetime special, The Price Is Right: A Tribute to Bob Barker, which highlighted his career and his advocacy for animal rights.
Carey has successfully navigated the challenging transition from an iconic predecessor, a feat few hosts manage. Instead of trying to mimic Barker, Carey brought his own relaxed, improvisational style, which was honed during his years on Whose Line Is It Anyway? This approach has allowed the show to evolve, incorporating new games and modern elements while retaining its classic structure of bidding and pricing games.
The combination of Carey’s personal commitment, the show’s relocation, and the recent reflection on Bob Barker's legacy has ushered in a truly unique new era. The show is not just surviving; it is thriving, continually introducing new elements, such as the occasional primetime "At Night" specials, to keep the format fresh for a multi-generational audience.
From the high-stakes drama of the Showcase Showdown to the simple excitement of "Come on down!," The Price Is Right remains a cultural fixture. With Drew Carey firmly in place, dedicated to the show's longevity, and with the production settled into its new Glendale home, the game show is poised to entertain audiences for decades to come. The price, it seems, is still right for this timeless television institution.
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