American actor, director, writer, and producer Tom Hanks have an estimated net worth of $400 million. Tom Hanks is by far one of the most well-known, esteemed, and highly compensated actors in Hollywood. Hanks’ total lifetime domestic box office gross exceeds $4.6 billion. His worldwide box office gross is about $9.7 billion as of this writing. He is also the highest-grossing and most consistent box office star in the world.
Early Years
Tom Hanks was born and raised in the Bay Area. He studied acting in community college and at California State University, Sacramento until he was persuaded to participate in the Great Lakes Theater Festival, a three-year internship. In 1980, he relocated to New York City and secured a co-starring part in the two-season cross-dressing sitcom Bosom Buddies. He subsequently appeared in a handful of lesser films.
Personal Life
Tom Hanks and Samantha Lewes were married from 1978 to 1987. In 1988, he married actress, Rita Wilson. Among his four children are the actor Colin Hanks and the rapper Chet Haze.
Achieve Stardom
Tom Hanks received widespread notoriety in 1988 for his performance in the blockbuster film Big. From then on, he made a profession out of violating genre restrictions. Among others, he subsequently appeared in Sleepless in Seattle, Apollo 13, Toy Story, You’ve Got Mail, Saving Private Ryan, Cast Away, The Da Vinci Code, and Angels and Demons.
In 1993 and 1994, Hanks became the second actor in history to win consecutive Best Actor Academy Awards. He won in 1993 for his role as an HIV-positive attorney in Philadelphia. He won in 1994 for playing the title character in Forrest Gump.
That Thing You Do!, which Hanks wrote and directed in 1996, marked the beginning of his career as a producer and director. Since then, he has directed and/or produced several more films, including Cast Away and The Polar Express.
Salary Features
Between 1988 and 2010, Tom made approximately $300 million in film earnings. That is equivalent to $450 million when adjusted for inflation. During the subsequent decade, he earned at least $100 million more. Tom has earned a minimum of $400 million in film pay throughout his career, not accounting for inflation. This does not include money for producing and directing or residuals.
Tom got $70,000 for the 1984 film “Splash,” which was one of his first significant salaries. Inflation-adjusted, this is equivalent to around $172,000 In 1988, Tom got $1.75 million to act in the film “Big.” That is equivalent to around $4 million today. He got $5 million in 1998 for “Punchline.” This is equivalent to $11 million now. Since the late 1980s, Tom’s income has remained sky-high.
Tom received $40 million for “Saving Private Ryan” and $20 million for “You’ve Got Mail,” “Cast Away,” and “The Green Mile,” respectively.
Da Vinci Code Salaries
Tom was paid $18 million to star in “The Da Vinci Code” (2006). Then, he was paid $25 million to star in its 2009 sequel, “Angels & Demons,” and $25 million more to star in the trilogy’s 2016 conclusion, “Inferno.” Tom Hanks got a total of $68 million for his role as Robert Langdon.
Forrest Gump Income
Tom was expected to earn $7 million in 1993 to star in “Forrest Gump.” At some point during production, the film’s budget ballooned dramatically. Tom volunteered to give up his income in return for “first dollar” backend points rather than see the film wrecked. In this instance, he earned a portion of the box office earnings owed to Paramount after theatre owners deducted their share and before the studio deducted marketing and printing expenses.
As you now know, Forrest Gump became a massive box office success, grossing $700 million at the box office and an additional $100-$200 million over time through licensing arrangements, VHS, and DVD sales.
Tom benefited tremendously from his first $1 transaction. In the first year alone, his backside points were worth over $70 million, which is equivalent to approximately $120 million today. It is by far his largest acting payday and one of the richest acting paychecks in the history of Hollywood.
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Real Estate Assets
Tom and Rita purchased a big seaside property in the ultra-exclusive Malibu Colony for $2.95 million in April 1991. John Frankenheimer, the filmmaker, was the seller. This home is certainly worth $20 million or more today. Tom and Rita invested $26 million in January 2010 to acquire their principal residence in the Pacific Palisades neighborhood of Los Angeles.
In May of 2017, Tom and Rita sold two adjacent Palisades residences for $18 million. The buyer, whose identity was concealed by a San Francisco-based attorney and a limited liability company, proceeded to demolish the two residences to make space for a very big single mansion. Tom and Rita own at least five additional Pacific Palisades properties.
Outside of Los Angeles, Tom and Rita own a Sun Valley, Idaho ski chalet.
The Hanks/Wilson real estate asset portfolio has a minimum value of $150 million.
Tom Hanks’s Financial Milestones
Tom was added to Celebrity Net Worth for the first time in October 2009. At the time, we estimated his wealth to be $150 million. At the time of writing, Tom Hanks has a net worth of $400 million.
Quotes
“There is no tremendous mystery about me. What I do is glamorous and receives a great deal of intense scrutiny. But the real labor demands the same discipline and enthusiasm as any job you enjoy, whether you are a highly skilled pipe fitter or a highly imaginative artist.”
“If it were simple, everybody would do it. The difficulty is what makes it great.”
What is Tom Hanks’ Net Worth?
According to celebritynetworth.com, Tom Hanks has a net worth of $400 million. His films have grossed a total of $10 billion at the global box office.
Hanks received approximately $70 million for his work in Forrest Gump, which equates to almost $120 million today. These significant earnings were supported by his decision to trade his pay for ‘first dollar’ backend points, in which he did not receive any upfront compensation for the part but instead received a share of the film’s $680 million worldwide box office earnings.
Hanks and his wife Rita Wilson have a $150 million real estate portfolio, which includes a ski chalet in Sun Valley, Idaho.
He has also contributed to the campaigns of several Democratic politicians, including President Obama’s two presidential campaigns and Hillary Clinton’s 2016 campaign.
What Religion Is Tom Hanks?
Hanks’ family moved frequently while he was a child; by the age of ten, he had lived in ten different places. While Hanks’s family was Catholic and Mormon, one journalist described Hanks’s adolescent self as a “Bible-toting evangelical” for several years.