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Combined with his American Idol hosting gig and role as a producer on various other programs, the unprecedented payday will see him become the highest-paid person on television. (Idol delivers the 48-year-old $12 million a year alone, a source said.)

Dr. Phil McGraw previously held the post as the richest man on daytime television.

But with his show set to end at the end of the year after 21 seasons, the television therapist’s $79 million pay packet is set to shrink.

Ellen DeGeneres earned $77 million a year prior to the end of her syndicated daytime talk show.

As RadarOnline.com previously reported, earlier this month, Sajak announced he was going to step down as host in 2024 after 41 seasons.

“Well, the time has come,” said. “I’ve decided that our 41st season, which begins in September, will be my last. It’s been a wonderful ride, and I’ll have more to say in the coming months. Many thanks to you all.”

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