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Tom Hanks Net Worth

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Net Worth:$400 Million
Date of Birth:Jul 9, 1956 (63 years old)
Height:6 ft (1.83 m)
Profession:Film Producer, Screenwriter, Television producer, Television Director, Actor, Voice Actor, Film director, Motivational speaker
Nationality:United States of America

Tom Hanks Net Worth and Salary

Tom Hanks is an American actor, director, writer and producer who has a net worth of $400 million. Tom Hanks is by far one of the most famous, highest-regarded, and best-paid actors in Hollywood. In total, Hanks’ domestic lifetime box office gross is more than $4.6 billion. As of this writing, his world total box office gross is approximately $9.7 billion. He is also the number-one, most consistent box office money making star in the world.

Early Life

Tom Hanks was born and raised near San Francisco. He studied drama in community college and at California State University at Sacramento until he was encouraged to join the Great Lakes Theater Festival, an internship that stretched into a three-year commitment. In 1980, he moved to New York City and landed the co-starring role in the cross-dressing sitcom Bosom Buddies, which lasted two seasons. He quickly followed up with a series of minor film roles.

Rise to Stardom: Tom Hanks gained major recognition in 1988 for his role in the hit movie Big. From that point on he made a career of defying genre constraints. He went on to appear in notably films such as Sleepless in Seattle, Apollo 13, Toy Story, You’ve Got Mail, Saving Private Ryan, Cast Away, The Da Vinci Code, and Angels and Demons, among others. In 1993 and 1994, Hanks became the second actor in history to win back-to-back Academy Awards for Best Actor. He won in 1993 for Philadelphia, in which he played an HIV-positive attorney.

Tom won in 1994 for Forrest Gump, in which he played the title role. In 1996, Hanks wrote and directed That Thing You Do!, kicking off his career behind the camera as both a producer and director. He has since directed and/or produced several more movies, including Cast Away and The Polar Express. Hanks was married to Samantha Lewes from 1978 – 1987. He married actress Rita Wilson in 1988. He has four children, including actor Colin Hanks and rapper Chet Haze.

Tom Hanks Salary Career Highlights

One of Tom’s first big paychecks came with the 1984 movie Splash, for which he earned $70,000. That’s the same as around $172,000 after adjusting for inflation. Four years later, in 1988, Tom earned $1.75 million for Big. That’s the same as around $4 million today. That same year he earned $5 million for “Punchline”. That’s the same as $11 million today. From the late 80s onward, Tom’s salary stayed in the stratosphere.

In 1993, Tom was filming Forrest Gump, for which he was supposed to earn a $7 million salary. At some point during production the movie had gone significantly over budget. Instead of seeing the movie derailed, Tom offered to give up his salary in exchange for “first dollar” backend points. In that situation, he received a share of the box office receipts owed to Paramount after the theater owners take their cut and before the studio starts subtracting expenses.

When Gump went on to be an enormous box office hit, Tom made out extremely well. In the first year alone his backend points translated to around $70 million, which is the same as around $120 million today. It is still by far his biggest acting paycheck and one of the largest acting paychecks in Hollywood history.

Tom earned $40 million off Saving Private Ryan and then $20 million for each of You’ve Got Mail, Cast Away and The Green Mile. He earned $18 million for The Da Vinci Code and $50 million for its sequel, Angel’s & Demons.

Between 1988 and 2010 alone, Tom earned around $300 million in movie salary alone. Roughly the same as $450 million after adjusting for inflation. He has earned at least another $100 million in the next decade. In total, Tom has likely earned at least $400 million in movie salaries during his career without adjusting for inflation. That does not count producing and directing payments.

Real Estate Assets

In April of 1991, Tom and Rita bought a large oceanfront mansion in the uber-exclusive Malibu Colony for $2.95 million. The seller was director John Frankenheimer. Today this house is likely worth $20 million, if not more. In January 2010, Tom and Rita spent $26 million to acquire what would become their primary residence in the Pacific Palisades area of Los Angeles.

In May 2017 Tom and Rita sold two side by side homes in the Palisades for $18 million. The buyer, who has hidden their identification through a San Francisco-based lawyer and LLC, proceeded to demolish the two homes to make way for a very large single mansion. Tom and Rita own at least five other homes in the Pacific Palisades.

Outside of Los Angeles, Tom and Rita own a ski house in Sun Valley Idaho.

In total, The Hanks/Wilson real estate asset portfolio is worth at least $150 million.

Tom Hanks Net Worth Milestones

Tom was first added to Celebrity Net Worth in October 2009. At the time we pegged his fortune at $150 million. As of 2019, Tom Hanks’ net worth is $400 million.

“There isn’t any great mystery about me. What I do is glamorous and has an awful lot of white-hot attention placed on it. But the actual work requires the same discipline and passion as any job you love doing, be it as a very good pipe fitter or a highly creative artist.”

“If it wasn’t hard, everyone would do it. It’s the hard that makes it great.”

Tom Hanks Net Worth: $400 Million


This Post Has One Comment

  1. Tony Serg

    Like!! Thank you for publishing this awesome article.

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