(Photo by Larry Marano/Getty Images)

What is Bobby Flay's Net Worth?

When the Food Network launched in November 1993, there were very few celebrity chefs in the United States. By 1997, it was the second-fastest-growing cable network in the country and was in the process of creating a whole new type of cooking show star. Bobby Flay joined the fledgling cooking channel in 1994 and the rest is food history. If you look at Bobby Flay's net worth, you see just how tied his success has been to that of his cooking home on television.

Bobby Flay's Childhood

American celebrity chef and television personality Bobby Flay was born Robert William Flay on December 10, 1964, in New York City, where he grew up with a love for food. The story goes that he created his own after school snacks and that he requested an Easy-Bake Oven for Christmas once. In fact, he liked food more than he did school; he dropped out of high school when he was 17 (though later got his GED).

Bobby Flay Honored On The Hollywood Walk

(Photo by Albert L. Ortega/Getty Images)

His first restaurant job was at Joe Allen's in New York's Theater District. His father was managing the restaurant; when a busboy called in sick, Flay was ordered to fill in. The job stuck and Flay worked his way up from busboy to kitchen assistant. His boss was impressed and covered Flay's tuition to the French Culinary Institute in Manhattan. He graduated in 1984; in 1993, he received the culinary arts school's Outstanding Graduate Award.

His First Restaurant

In 1991, Flay opened his first restaurant as an executive chef to rave reviews. Mesa Grill, which features American southwestern food, was a huge hit; it won New York Magazine's Best Restaurant award in 1992. He followed Mesa Grill up with a second successful restaurant, Bolo Bar and Restaurant in the Flatiron district of Manhattan.

Since then, Flay has gone on to open 21 restaurants. He is the owner and executive chef of Mesa Grill with locations in Las Vegas and the Bahamas; Bobby Flay Steak in Atlantic City, New Jersey; multiple locations of Bobby's Burger Palace; plus Gato and SHARK.

Flay has also written 10 cookbooks, including Bobby Flay Fit, Bobby Flay's Bar Americain Cookbook, and those based off his popular television shows Bobby Flay's Throwdown and Brunch @ Bobby's.

Bobby Flay and Television

While his restaurants made him an award-winning chef, it's his work on television that has made Flay a household name. His TV series include Boy Meets Grill, BBQ with Bobby Flay, Throwdown! with Bobby Flay, The Best Thing I Ever Ate, Brunch @ Bobby's, Worst Cooks in America, and Beat Bobby Flay. One of his best-known roles is one of the chefs on Iron Chef America, which he left in 2018.

LAS VEGAS, NV - APRIL 28:  (L-R) Television personality and chef Gordon Ramsay, chef Marc Sherry, television personality and chef Bobby Flay and chef Susan Feniger attend the 11th annual Vegas Uncork'd by Bon Appetit Grand Tasting event presented by the Las Vegas Convention and Visitors Authority, Chase Sapphire and Southern Glazer's Wine and Spirits of Nevada at Caesars Palace on April 28, 2017 in Las Vegas, Nevada

(Photo by Ethan Miller/Getty Images for Vegas Uncork'd by Bon Appetit)

His impact on TV is easily shown in how many awards he's garnered. Flay has been nominated for six Daytime Emmys and has won five times for his television shows.

Flay's daughter Sophie Flay has appeared on some of his cooking shows and has a recipe named after her on Food Network's website.

Bobby Flay's Net Worth

As of August 2022, Bobby Flay's net worth is estimated to be $60 million, with a monthly income believed to be more than $250 thousand. This is up from $52 million in 2020, and $45 million in 2017 according to reports.

His fortunes don't appear to be changing anytime soon, as it was announced in November 2021 that Flay is continuing his 27-year partnership with the Food Network, now owned by Discovery. This was contradictory to reports earlier in the year that said he would be leaving the network. "I'm thrilled to extend my relationship with Food Network and Discovery," he said in a statement at the time.

It's believed that Flay brings in around $2 million a year, both from being a restaurateur and from his television appearances. He reportedly owns four homes, three in New York City and one in Los Angeles.

With his high net worth, Flay does make sure to give back to his own community. In 2003, he established the Bobby Flay Scholarship. He helps select one student from the Long Island City Culinary Arts Program and awards them a full scholarship to the French Culinary Institute.

READ MORE: Is Bobby Flay Married? A Look at His 3 Ex-Wives and Current Romance