What is Tom Hanks Net Worth? Latest Update on our Favorite American Actor’s Personal Life, Career, and More in 2022
Tom Hanks grew up in the San Francisco Bay Area. He studied acting in community college and at California State University, Sacramento until he was persuaded to apply for an internship with the Great Lakes Theater Festival, which lasted three years. He went to New York City in 1980 and was cast as a co-star in the two-season cross-dressing sitcom Bosom Buddies. He had a string of minor cinema parts after that.
Rose To Fame
In 1988, Tom Hanks became well-known for his performance in the film Big, which was a box office success. He built a profession out of pushing genre boundaries from then on. Sleepless in Seattle, Apollo 13, Toy Story, You’ve Got Mail, Saving Private Ryan, Cast Away, The Da Vinci Code, and Angels and Demons are just a few of his notable films. Hanks won back-to-back Oscars for Best Performer in 1993 and 1994, making him only the second actor in history to do it.
In 1993, he won for his role as an HIV-positive attorney in the film Philadelphia. He won in 1994 for his performance as Forrest Gump in the film Forrest Gump. Hanks began his career as a producer and director in 1996 with the film That Thing You Do!, which he also wrote and directed.
Since then, he has directed and/or produced a number of other films, including Cast Away and The Polar Express. Between 1978 and 1987, Tom Hanks married Samantha Lewes. In 1988, he tied the knot with actress Rita Wilson. Colin Hanks, actor, and Chet Haze, rapper, are two of his four children.
How much money does Tom Hanks make?
Tom Hanks has a net worth of $400 million as an American actor, director, writer, and producer. Tom Hanks is without a doubt one of Hollywood’s most well-known, well-liked, and well-paid performers. Hanks has grossed moreover $4.6 billion at the American box office over his career.
His global total box office gross as of this writing is around $9.7 billion. He is also the world’s most successful and consistent box office performer.
Salary figures of Tom Hanks
Tom got $70,000 for the 1984 film Splash, which was one of his first major salaries. After adjusting for inflation, that comes to roughly $172,000 today. Tom received $1.75 million for Big four years later, in 1988. That’s around $4 million in today’s money. He made $5 million for “Punchline” in the same year. In today’s money, that’s $11 million. Tom’s pay stayed in the stratosphere from the late 1980s onwards.
Tom was filming Forrest Gump in 1993, and his compensation was scheduled to be $7 million. The film’s budget had been greatly exceeded at some point during production. Tom offered to forego his income in return for “first dollar” backend points, rather than seeing the movie go derailed. In that case, he was paid a portion of the owed-to-Paramount box office profits after the theatre owners took their part and before the studio began deducting expenditures.
Tom did exceptionally well when Forrest Gump became a huge box office success. His backside points were worth roughly $70 million in the first year alone, which is almost $120 million now. It’s still his greatest acting compensation, and one of the richest in Hollywood history.
Saving Private Ryan earned Tom $40 million, followed by $20 million apiece for You’ve Got Mail, Cast Away, and The Green Mile. He made $18 million on The Da Vinci Code and $50 million on Angels & Demons, the sequel.
Tom made over $300 million in film salaries between 1988 and 2010. After adjusting for inflation, it’s roughly equal to $450 million. In the following ten years, he’ll have made another $100 million. Without accounting for inflation, Tom is estimated to have made at least $400 million in film salaries during his career. That doesn’t include payments for producing and directing.
Tom and Rita paid $2.95 million for a magnificent beachside property in Malibu Colony’s ultra-exclusive Malibu Colony in April 1991. Director John Frankenheimer was the one who bought it. This home is now worth at least $20 million, if not more, in today’s market. Tom and Rita purchased their principal residence in the Pacific Palisades district of Los Angeles for $26 million in January 2010.
Tom and Rita sold two Palisades residences for $18 million in May 2017. The buyer proceeded to demolish the two homes to make space for a very large single mansion, concealing their identity through a San Francisco-based lawyer and LLC. In the Pacific Palisades, Tom and Rita own at least five other houses.
Tom and Rita have a ski lodge in Sun Valley, Idaho, just outside of Los Angeles.
The real estate holdings of Tom Hanks and Robert Wilson are estimated to be valued at least $150 million.
Tom Hanks’ Wealth Milestones
In October of 2009, Tom was included in Celebrity Net Worth for the first time. We put his net worth at $150 million at the time. Tom Hanks has a net worth of $400 million as of the year 2019.
“My identity isn’t shrouded in mystery. What I do is glamorous, and it receives a lot of press. But, whether you’re a great pipe fitter or a very creative artist, the real task demands the same discipline and enthusiasm as any other profession you enjoy.”
“Everyone would do it if it wasn’t so hard. It’s the difficulty that elevates it to the next level.”