How much did Chris Rock get paid to host the Oscars?

Chris Rock hosted the 88th Academy Awards in 2016, not the 94th in 2022. As per reports from the time, Chris Rock's fee for hosting the 88th Academy Awards was $2 million, which was a significant increase from the $1.5 million he received for the 77th Academy Awards in 2005, when he hosted the event for the second time.