Who doesn’t Tom Hanks? Yeah… He’s an actor who has starred in some box-office movies including ‘Da Vinci Code’, ‘Forrest Gump’ and ‘Angel and Demons’. Well, his voice-overs Woody in Toy Story 3 led the movie to become the highest grossing movie of the year with $1 billion.
Considering the many movies he has starred in, as well as multiple professions that he works in, of course, many fans really want to know what Tom Hanks’ net worth is now. Well, to know his net worth and more about his life, let’s see our post below!
What Is Tom Hanks Net Worth?
Celebrity Net Worth reported that Tom Hanks’ net worth is roughly $400 million. In total, his domestic lifetime box office gross is more than $4.6 billion.Well, it leads Tom as one of the most famous actors with highest-paid in Hollywood. As of this writing, his total box office gross is estimated at $9.7 billion which gets him as the number-one, box office money making star in the world.
Aside from being popular as a Hollywood actor, Tom also works as filmmaker, producer and director. Tom was best known for his comedic and dramatic character in his movie which was regarded as an American cultural icon. No wonder if Tom Hanks was recognized as the fifth-highest-grossing actor in North America who has grossed more than $4.9 billion, and more than $9.96 billion worldwide.
How Does Tom Hanks Make Money?
Well, one of Tom’s income was from the 1984 movie Splash where he earned $70,000 which is the same as around $172,000 once adjusting for inflation. Then, he earned $1.75 million for ‘Big’ (1988) movie which is the same as around $4 million today.
Tom also earned $5 million for ‘Punchline’ that same year which is the same as $11 million today. Well, his salary stayed in the stratosphere from the late 80s onward. In 1993 when he was filming Forrest Gump where he should earn a $7 million salary, however, this movie had gone significantly over budget during production. Instead of seeing his movie going into skid, he kindly offered to give up his salary in exchange for first dollar backend points.
Tom eventually received a share of the box office receipts which should be paid to Paramount once the theater owners take their cut and before the studio subtracts expenses. Meanwhile, Tom made out extremely well when ‘Gump’ movie became an enormous box office hit.
In the first year, Tom’s backend points translated to approximately $70 million. That’s the same as around $120 million today. This is still by far his biggest acting paycheck as one of the largest acting paychecks in Hollywood history.
He totally earned $40 million off ‘Saving Private Ryan’. He then earned $20 milluon for each of ‘Cast Away’, ‘You’ve Got Mail’ and The Green Mile. Tom also earned $18 million for ‘The Da Vinci Code’. Around $50 million, he earned for its sequel, ‘Angel’s & Demons’.
Tom earned around $300 million in movie salary alone between 1988 and 2010 alone which is the same as around $450 million today. He earned another $100 million in the next decade. Well, in total, he has likely earned at least $400 million in movie salaries during his career.
How Does Tom Hanks Spend Money?
Tom mostly spent his money on real estate where he and his wife Rita purchased a large oceanfront mansion for $2.95 million in the uber-exclusive Malibu Colony. Well, the seller was director John Frankenheimer. Perhaps, this home is likely worth $20 million or even more today.
Tom spent $26 million to purchase what would become their main residence in the Pacific Palisades area of Los Angeles in January 2010. Then, in May 2017, Tom sold two side by side homesfor $18 million in the Palisades. Tom owns at least five other homes in the Pacific Palisades.
Moreover, Tom and Rita also own a ski house in Sun Valley Idaho outside of Los Angeles. In total, their real estate asset portfolio is worth at least $150 million.
Tom Hanks’ Career
Tom began his film debut in low-budget film ‘He Knows You’re Alone(1980)’ and played a role in the TV movie ‘Mazes and Monsters’. His role in Forrest Gump totally grossed a total of over$600 million at box office worldwide once his role in ‘Philadelphia’.
Tom then made his directing debut with his film ‘That Thing You Do!’ in 1996. That same year, he and producer Gary Goetzman eventually created Playtone, a record and film production company.
Tom starred in ‘The Da Vinci Code’ as the highly anticipated film. This film grossed over $700 million worldwide. Tom also appeared in a cameo role as himself in The Simpsons Movie.
Because of his hard work in acting, Tom has received numerous award nominations and made two consecutive wins for Best Actor for ‘Philadelphia’ and ‘Forest Gump’ movies. Moreover, he also received 12 Primetime Emmy Award nominations which include 7 wins for his work as a producer on his various works. For more information, Tom practices transcendental meditation and also takes part in a dinner for veteran victims for post-traumatic disorder.
Tom Hanks’ Early Life
Tom was born on July 9, 1956 in Concord, California. Then, he was raised near San Francisco. His parents, Amos Mefford Hanks, an itinerant cook and Janeth Marylyn, a hospital worker. Unfortunately, his parents got divorced and he then went his father together with his 2 other siblings, while his youngest sibling went with his mother.
His family finally moved into several places and lived in 10 different houses. Tom studied drama in community college. Then, he was encouraged to join the Great Lakes Theater Festival at California State University at Sacramento.
Then, he moved to New York City in 1980 and landed the co-starring role in the corss-dressing sitcom Bosom Buddies which lasted 2 seasons. He then quickly followed up with a series of minor film roles.
Tom studied theater at Chabot College in Hayward, California. Later on, he dropped out in college to pursue his career. Well, this is where the actor’s career of Tom Hanks begins.