When you think of Larry Caputo, you probably see the silver hair, the Harley-Davidson, and that thick Long Island accent. For years, he was the rock behind Theresa Caputo on TLC’s Long Island Medium. He was the guy who handled the "spirit" stuff with a shrug and a smile. But when the cameras stopped rolling on their marriage in 2018, everything changed. People started digging. They wanted to know how much he walked away with and what he’s actually doing for money now that he isn't on a hit reality show.
Honestly, the numbers floating around the internet are all over the place. Some sites claim he's broke, while others say he’s sitting on a massive fortune.
The Real Numbers: Larry Caputo Net Worth Explained (Simply)
So, let's get into the weeds. Most reputable finance trackers pin Larry Caputo net worth at approximately $3 million. Is that billionaire money? No. Is it enough to live a very comfortable life in Santa Monica? Absolutely. You’ve got to remember that Larry wasn't just a "plus one" on the show. He was a primary cast member for over a decade. Reality TV stars on major networks like TLC can pull in anywhere from $5,000 to $30,000 per episode depending on their tenure. Larry was there from the jump.
But it’s not just about the TLC checks.
Larry was a businessman long before Theresa started talking to the "other side" on national television. He owned and operated a food distribution business for over 25 years. He sold that business to focus on the show and his family, which gave him a significant financial cushion. When you combine the sale of a long-standing business with years of reality TV salary, that $3 million figure starts to make a lot of sense.
Where the Money Comes From Now
Life after divorce is expensive. Especially when you’re used to a certain lifestyle. Larry moved out to California after the split, and he didn't just sit on the beach.
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He launched Big Larry Food.
He had this idea to bring a "New York flavor" to the West Coast. Specifically, he focused on Chianti-infused sandbagging sauces and specialty meats. It’s a niche market. Does it make him millions a year? Probably not. But it’s a passion project that keeps the cash flowing and keeps him busy.
- TV Royalties: Long Island Medium still airs in syndication globally.
- Business Ventures: His food label and various small investments.
- Asset Division: The divorce settlement from a 28-year marriage included the sale of their iconic Long Island home.
He's also been seen doing some brand collaborations on social media. It’s the classic "celebrity" move. You have a following, you might as well use it.
The Cost of a California Lifestyle
You can't talk about Larry’s net worth without talking about his spending. California isn't cheap. He’s often spotted riding high-end motorcycles and dining at upscale spots in Santa Monica. He’s living the dream, basically. But that lifestyle requires a steady burn of capital.
The divorce from Theresa was finalized in 2018. It was amicable, mostly. They split their assets, which were considerable. They had the house, the savings, and the intellectual property from the show. While the specific details of their settlement are private—as they should be—it’s safe to assume Larry didn't leave empty-handed.
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Why People Get His Wealth Wrong
Most people assume that because Theresa was the "star," Larry was just along for the ride. That’s a mistake. In the world of reality TV, the "supportive spouse" is often just as valuable to the production as the lead. Larry provided the grounded, skeptical-but-loving energy that made the show watchable for people who didn't necessarily believe in mediums.
He was a partner in the Caputo brand.
There’s also the "lifestyle" factor. Larry looks like money. He dresses well, he takes care of himself, and he has expensive hobbies. This leads people to speculate that he’s worth way more—or way less—than he actually is. Some people see a guy on a motorcycle and think "millionaire," while others see a guy in a t-shirt and think "retired."
The truth is right in the middle. He’s a guy who worked hard, hit the reality TV lottery, and is now managing his money so he never has to work a "9 to 5" again.
Is He Still Making Money From the Show?
Technically, yes. But it’s not what it used to be. The "big" money comes from filming new episodes. Since he’s no longer part of Theresa’s filming schedule, that massive income stream has dried up. He’s relying on his investments and his food business now.
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He seems okay with that.
What You Can Learn From Larry’s Financial Journey
Larry’s situation is a perfect example of why you should never put all your eggs in one basket. If he had only relied on Theresa’s success, he would have been in a much tighter spot after the divorce. Because he had his own business history and his own identity on the show, he was able to pivot.
- Diversify early: He had a business before the show.
- Build a personal brand: He didn't just stay in the background; he became a character people liked.
- Invest in what you know: His new business is in food distribution, which is exactly what he did for 25 years.
He didn't try to become a tech mogul or a crypto trader. He stayed in his lane.
If you're looking to build your own "net worth," whether it's $3,000 or $3 million, the lesson is the same. Build something that belongs to you. Larry Caputo might not be the "Long Island Medium," but he’s still Larry, and he’s doing just fine.
Next Steps for You:
If you want to track your own financial growth like a pro, start by auditing your "passive" vs. "active" income. Larry has both. Do you? You might want to look into small-scale food entrepreneurship or niche branding if you have a hobby you love, just like Larry did with Big Larry Food. It’s all about the pivot.