(Photo: David Cerullo, president of Inspirational Network)
The accumulation of wealth by prosperity gospel promoting televangelist David Cerullo boggles the mind!
As president of Inspirational Network, David Cerullo has become one of America’s wealthier televangelists—a fact that is obscured by net worth tracking websites severely underestimating Cerullo’s wealth.
Net Worth Post estimates that Cerullo has a net worth of $900,000. Meanwhile, Idol Networth estimates Cerullo’s net worth to be $3.2 million, but neither website reveals how they reached such dubious conclusions.
In 2010, the Charlotte Observer reported, “With compensation exceeding $1.5 million a year, Cerullo is the best-paid leader of any religious charity tracked by watchdog groups.” Eleven years later, Cerullo remains the highest paid executive in MinistryWatch’s 100 Highly Paid Ministry Executives list.
Last week the Internal Revenue Service (IRS) published Inspirational Network’s 2019 Form 990, a financial disclosure document revealing total revenue, total expenses, and compensation of key employees. It shows that Cerullo received more than $3 million in 2019 bonuses, pushing total compensation to $7,319,371 for the year.
To create a big picture view of this ministry’s compensation, Trinity Foundation compiled a compensation spreadsheet of Cerullo, other family members working for the TV network and Dale Ardizzone, the network’s attorney.