America may not have a knighthood but if it did, there is no denying the fact that Tom Hanks would be one of its first knights. The actor who is regarded as one of America’s heroes is one of the most celebrated men in not just Hollywood, but America as a whole. Tom Hanks’ net worth has been built on this very status as several of his movies have become box office successes.
With millions of Americans willing to pay a few bucks in the cinema to see him, Tom Hanks is one of the top five highest-grossing movie stars of all time. We examine the net worth of the actor below and how he makes his money, read on to learn more.
Tom Hanks’ Net Worth
Tom Hanks’ first role as an actor was as Elliot in the film, He Knows You’re Alone, a horror flick. Since then, he has built a reputation as a family-friendly actor and has appeared in over 91 movies and TV shows. His career is laden with several classic movies, such as Forrest Gump, Catch Me If You Can, Cloud Atlas, Bridge of Spies and several others.
The movie star has appeared in various film series such as the Toy Story series where he famously plays Woody and in the Dan Brown movie adaptation franchise, where he plays Robert Langdon.
So far, Tom Hanks’ movies have made over $10 billion at the global box office, making him the fifth actor with the highest-grossing movies in the world. As much as $9 billion of his total grossing revenue comes when he has played a leading role in a movie, averaging just over $100 million per movie.
As a result, Tom Hanks has become one of the highest-earning actors in Hollywood, through which he has built his significant net worth. He earned $40 million for his role in Saving Private Ryan and a huge $70 million for his role in Forrest Gump. For several years, he has consistently ranked among the highest-earning actors in a fiscal year, pulling in as much as $31 million in 2017 from just three movies.
Due to his massive earnings which primarily comes from his acting career, Tom Hanks has a net worth of $350 million.
Aside from his high income from his acting career, he has also made considerable income working behind the scenes as a producer, writer, and director.
Tom has directed a couple of films and several episodes of TV shows like A League of Their Own, Fallen Angels, Band of Brothers and a few others. As a producer, through his production company, Playtone which he established in 1998 along with Gary Goetzman, he has produced several films like The Circle, My Big Fat Greek Wedding 2, Mamma Mia! and several others.
As a producer, his movies have made over $2 billion at the global box office, all of which contribute to Tom Hanks’ net worth.
How Does He Spend His Money These Days?
When you are a globally acclaimed actor with several major awards to your name as well as millions of dollars in net worth, there are very few limits to how you can spend your money.
One of the major ways Tom Hanks enjoys his net worth is spending on real estate and he owns a few homes in America. He has three homes in the Pacific Palisades area and another in Malibu. One of his houses, which he bought in 2010 cost him $26 million.
When he is not spending lavishly on real estate, Tom Hanks frequently donates and support space exploration programs. He is a member of the Board of Governors of the National Space Society and he is also a supporter of military veterans.
See Also: What is Leonardo Dicaprio’s Net Worth, How Much Did He Make From Titanic?
As for his family, the Saving Private Ryan star has been married twice, the first time to Samantha Lewes between 1978 to 1987. The two of them gave birth to two children, Colin Hanks, and Elizabeth Hanks.
He married his second wife, Rita Wilson in 1988 and they have remained together ever since. They have two children, two sons, Chester Marlon Hanks, and Truman Theodore. Both his ex-wife and his current wife are actresses. He met his current wife on the set of Bosom Buddies.
Tom Hanks is also a recipient of the Kennedy Center Honors Medallion, Douglas S. Morrow Public Outreach Award, Presidential Medal of Freedom and the French Legion of Honor which he received in 2016.