Olsen Twins Net Worth: $400 Million. Fraternal twin sisters Mary-Kate Olsen and Ashley Olsen make up the famous Olsen Twins. The duo began their acting careers at 9 moths old before transitioning to the fashion industry in their 20s. Thanks to their Dualstar Entertainment Group LLC which brings in an annual revenue of $1 billion. They each have a net worth of $200 million, thus, the Olsen Twins have a combined net worth of $400 million. Here is all you should know about the Olsen Twins Net Worth.
Olsen Twins Net Worth: Full House Super Early Stardom
The Olsen twins were born on the 13th of June 1986, in Sherman Oaks, California. Confused about their unAmerican look? Yeah! The twins are of English and Norwegian ancestry. Most of us really do wish our parents put us through show business the way the Olsen Twins’ did. These kids were already earning 5 figures before they could even talk. Who doesn’t want that? At 6 months old, their mother took them to audition for the role of Michelle Tanner on the ABC sitcom “Full House” and they landed the role. They were reportedly the only kids that didn’t cry during the auditions. Filming began when they were 9 months old. In adherence to child labour laws, they each took turns to play the role of Michelle Tanner.
The show premiered on September 22, 1987. However, after the end of the first season, their mum got really worried about her kids and wanted to pull them off the show so they could have a normal childhood. But the Olsen Twins going by their later exploits were not born to be normal. She decided they remained on the show after ABC upped their earnings. They reportedly received between $80,000 and $125,000 per episode. They reprised their role until the end of the show in 1995. The show ran for 8 seasons and 192 episodes. Calculating by an average earning of $102,500 per episode, the Olsen Twins made approximately $20 million from Full House.
Olsen Twins Net Worth: Dualstar Entertainment TV Movies
In 1993 at the age of 7, their entertainment company DualStar Entertainment Group was established. When they were not on the set of Full House, the twins bolstered their income starring in other gigs, among them; 1992 Christmas TV film “To Grandmother’s House We Go” as well as their company-produced “Double, Double, Toil and Trouble” (1992), “How the West Was Fun” (1994) as well as the musical video series “The Adventures of Mary-Kate & Ashley” (1994 – 1997).
In 1996 they made their feature film debut in the romantic comedy “It Takes Two” which grossed about $19.5 million at the box office.
From the late 1990s and early 2000s, the Olsen twins starred in sitcoms like; Two of a Kind, 7th Heaven, So Little Time and the animated series “Mary-Kate and Ashley in Action!”. Their subsequent Dualstar movies included; Billboard Dad, Passport to Paris, Switching Goals, Winning London, The Challenge and more. They starred in their second theatrical film “New York Minute” in 2004. The movie was a box office bomb grossing $23.4 million from a budget of $30 million. However, the twins received about $6 million for their role.
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Olsen Twins Net Worth: Fashion Industry, Merchandise
In addition to banking from acting, the Olsen twins proved to be extremely marketable in terms of merchandise. Between 1992 and 2000, they benefitted from the proceeds of their fan club “Mary-Kate & Ashley’s Fun Club” for which fans paid to receive their collectibles and photos as well as numerous freebies from key rings to postcards.
Their merchandise which ranged from clothes to fragrance, magazines, cassettes and even makeups were a favourite among the tweenagers. Their Mattel produced dolls was also a huge success. The Olsen Twins officially became co-presidents of Dualstar on their 18th birthday in 2004. The same year, they established a clothing and beauty line for teenagers sold exclusively at Wal-Mart stores.
In 2006 they signed an endorsement deal with luxury fashion label Badgely Mischka and established high-end clothing label The Row, headquartered in New York. The brand’s collection is often presented at the New York Fashion Week. The Row is available in at least 37 countries.
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In 2007, the power twin added yet another clothing label, a low-priced but sophisticated “Elizabeth & James”. At the end of that year, Forbes estimated their net worth at $100 million. Dualstar Entertainment makes $1 billion in annual revenue.
The Olsen Twins continue to upgrade and expand their fashion empire. In 2012, they won their first Council of Fashion Designers of America’s Womenswear Designer of the Year Award. They won the award again in 2015. The Wall Street Journal awarded them with Innovator of the Year: Fashion Award in 2012.
Olsen Twins Net Worth: Intern Class Action Lawsuit
The Olsen Twins came under fire in 2015 after dozens of interns at their The Row fashion label filed a class action lawsuit against Dualstar stating that they were unpaid for labour. The lead plaintiff Shahista Lalani claimed that she was hospitalised for dehydration following stress. Dualstar Entertainment initially vowed to get the baseless lawsuit dismissed. However, after 8 months Dualstar settled with the interns out-of-court agreeing to pay $140,000 settlement including attorney fees.
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