How much money will Ryan Seacrest make on LIVE? Fans are wondering what his salary will be now that Kelly Ripa announced Seacrest is her new co-host.

Ripa announced on LIVE that Seacrest would be her new co-host. “Today the next chapter about the LIVE story is about to be written,” she said. “I’d first like to thank all the men and women who sat next to me [as co-hosts].”

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Kanye West and Ryan Seacrest Ryan Seacrest gets Kanye West to smile at his radio show in Los Angeles. Who says the rapper is never happy!

After the break, Seacrest walked out and shaked some hands of fans. They told the audience it’s also Ripa’s 21st anniversary. She joked the producers chose this day so she won’t forget her anniversary in the future.

“Kelly and I were friends,” Seacrest said. “We’ve known each other for a long time. And when we found out this was going to happen we were told to keep it a secret. We’re not great at that.”

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Seacrest also joked that when he texted his closest friends to tell them he had big news they all asked if he’s engaged, having a baby or coming out of the closet. 

Will Arnett and Ryan Seacrest Will Arnett and Ryan Seacrest look dapper in gray at the 2013 Emmys. "oh good will arnett got the memo #eredcarpet," the host said.

Fans had been wondering who Ripa’s new co-host would be since Michael Strahan announced he was leaving for Good Morning America in May. Now that Seacrest has been revealed, it will be yet another boost to his $350 million net worth.

So how did Seacrest’s net worth get so high? He has a million jobs!

He earned $15 million per year on American Idol and built an empire hosting the American Top 40, Dick Clark’s New Year’s Rockin Eve with Ryan Seacrest and his radio show On Air with Ryan Seacrest, which airs on 126 stations in the United States and 50 foreign markets. He also produces shows for E! like Keeping Up With The Kardashians and its spinoffs, Shahs of Sunset, red carpet shows and more. Seacrest also has his own production company called Ryan Seacrest Media, his own clothing line, endorsements, investments, and philanthropic work.

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But Seacrest is always looking to expand his empire. “Show business is what drives the other businesses,” Seacrest previously told The New York Times. “In recent years, I don’t believe I’ve ever done anything on camera or on the microphone without thinking of the back-house opportunities and the next business play.”

Do you think Ryan Seacrest will make a good host? Let us know your take in the comments section below!