Matt Fraser is an American psychic medium, author and television personality who rose to fame through his live readings and hit show, Meet the Frasers on E! Entertainment. As one of the nation’s most sought after mediums, Fraser has garnered significant wealth, but how much is he really worth?
Matt Fraser’s Sources of Income
As a renowned psychic medium, Matt Fraser makes money in several ways:
- Live Events and Readings – Fraser frequently puts on live events where attendees can get psychic readings. He charges anywhere from $50 to $200+ per reading.
- Books – Fraser has authored several books including “When Heaven Calls” and “We Never Die” which have become best-sellers.
- Television – Fraser stars in his own reality TV show Meet the Frasers on E! Entertainment alongside his girlfriend Alexa Papigiotis. He earns a salary from the network.
- Merchandise – The psychic sells various merchandise on his website including t-shirts, sweatshirts, candles and crystal pendants.
- Advertisements – As a celebrity, Fraser also earns an income from sponsorships and ads on his social media accounts.
Let’s take a closer look at how much money Fraser makes from each of these income sources:
Live Readings
As one of America’s most popular psychic mediums, Matt Fraser can charge premium rates for his live readings and events. He frequently hosts gatherings at venues across the country where attendees pay anywhere from $50 to $200+ per reading, depending on the length.
Assuming Fraser does around 5-10 readings per event at an average price of $100, he could easily make $500 to $1000+ per event. With several events per week, his revenue from readings can quickly add up to over $250,000+ per year.
Books
Matt Fraser has written two books – “When Heaven Calls” published in 2016 and “We Never Die” in 2018. Both became best-selling titles. While exact figures are unknown, popular psychic mediums can receive advances of $50,000 to $500,000+ for writing a book. Fraser likely earned a sizable income from book sales and royalties.
Television Salary
As the star of his own reality show on E! Entertainment, Matt Fraser earns a television salary per episode. Reality stars typically make between $3,000 to $10,000 per episode they appear in. With around 8-12 episodes per season, Fraser could be earning $200,000 to $500,000 per year from Meet the Frasers.
Sponsorships & Merchandise
With over 1 million Instagram followers and 2 million TikTok fans, Matt Fraser has monetized his strong social media presence through paid sponsorships and partnerships. Rates for influencers with 1 million+ followers start around $5,000 to $10,000 per sponsored post. Fraser also sells merchandise like t-shirts, sweatshirts and crystal pendants on his website, which contributes additional revenue.
Matt Fraser’s Net Worth
According to multiple net worth calculators and wealth tracking sites, Matt Fraser’s net worth is estimated to be around $5 million as of 2023. This takes into account his earnings from live events & readings, book deals, TV salary, sponsorships and merchandise sales.
Here is a summary of Matt Fraser’s net worth:
| Source | Estimated Earnings |
|---|---|
| Live Readings & Events | $250,000+ per year |
| Books | $500,000+ in advances/royalties |
| Television Salary | $200,000-$500,000 per year |
| Sponsorships & Merch | $500,000+ per year |
| Total Net Worth | $5 Million |
Given his multiple income streams and celebrity status, most estimates peg Matt Fraser’s net worth to be around $5 million. However, at just 32 years old, he has plenty of earning potential to grow his fortune in the years ahead.
How Matt Fraser Spends His Money
With millions in the bank, Matt Fraser is able to enjoy a luxurious lifestyle. Some of the ways he chooses to spend his fortune include:
- Real Estate – Fraser owns a beautiful 5-bed, 4,300 sq ft home in Sandwich, Massachusetts valued at over $1 million.
- Cars – He likes luxury cars and has been spotted driving high-end vehicles like a Maserati Quattroporte and Fisker Karma.
- Jewelry – Matt wears expensive jewelry including platinum chains, diamond bracelets and luxury watches.
- Fashion – He dresses in designer clothes and shoes from brands like Gucci, Versace and Louis Vuitton.
- Gifts – Fraser spends lavishly on gifts for his girlfriend Alexa, including a Cartier diamond bracelet.
- Vacations – He often travels to exotic destinations like Italy, France and tropical islands for relaxing getaways.
Even with his indulgent purchases, Fraser invests a portion of his earnings back into his business by hosting glamorous events, advertising and expanding his offerings to keep growing his wealth.
Real Estate and Assets
One of Matt Fraser’s biggest assets is his real estate holdings. In 2019, he purchased a stunning Cape Cod-style home in Sandwich, Massachusetts for just under $1 million. The 5-bedroom, 4.3k square foot property features a gourmet kitchen, media room, waterfall edge pool and views of the Marmion River.
Fraser also previously owned and sold a 4-bedroom home in Beverley, Massachusetts valued at $965,000 in 2018. Overall, his real estate portfolio is estimated to be worth over $2 million.
In addition to lavish homes, Fraser owns expensive cars like a Maserati Quattroporte ($100k+ value) and Fisker Karma ($100k+ value). His jewelry collection including watches, bracelets and chains is likely worth $500k+. Other assets include production equipment for his shows, office spaces and income properties.
Philanthropy & Charity Work
As a prominent public figure, Matt Fraser dedicates both his time and resources to support various charities and causes close to his heart. Some of his philanthropic efforts include:
- Working with Petco Love to provide funding for animal welfare organizations.
- Partnering with Feeding America to raise awareness and money for families in need.
- Hosting fundraising events for charities supporting children’s hospitals and cancer research.
- Using proceeds from events and merch sales to support community organizations.
- Providing free readings and sessions for those who can’t afford it.
Fraser also created his own non-profit, The Light Children Foundation, focused on uplifting humanity. Overall, he has donated significant time and money to various charitable causes over the course of his career.
Financial Lessons from Matt Fraser
Analyzing how Matt Fraser built his fortune provides some valuable financial lessons anyone can apply to improve their wealth:
- Monetize your skills – Fraser was able to turn his mediumship abilities into a multi-million dollar career.
- Build multiple income streams – He doesn’t rely on one revenue source, but has diversified into events, books, TV, merch, ads and more.
- Give back – Fraser makes philanthropy and charity part of his business model.
- Invest in yourself – Creating shows, books and products grew his celebrity status.
- Have discipline – Even with millions, he continues working hard and expanding his offerings.
Conclusion
In summary, prominent psychic medium Matt Fraser has accumulated an impressive net worth of approximately $5 million. He banked his fortune through earnings from live events, television shows, merchandise sales, sponsorships and writing books. Fraser enjoys luxurious homes, cars and vacations, but also gives back through charity work. With smart money management skills and continuous drive, his wealth should continue rising in the future.