Tom Hanks Net Worth: Tom Hanks Salary for Forrest Gump
Tom Hanks, born Thomas Jeffrey Hanks on July 9, 1956, is a well-known American actor and director. He is a cultural icon in the United States and around the world for his roles in both humorous and dramatic films.
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Tom Hanks Net Worth
With a career spanning acting, directing, writing, and producing, Tom Hanks has amassed a fortune of $400 million. When it comes to Hollywood actors, Tom Hanks is right up there as one of the most well-known, respected, and well-compensated.
Hanks has earned more than $4.6 billion at the US box office during his career. As of this writing, he has made roughly $9.7 billion at the box office worldwide. He consistently earns the most at the box office and is the top earner worldwide.
To all the Grads of 2020, you Chosen Ones! Print this up on a sheepskin! Hanx pic.twitter.com/4llw7fPtxB
— Tom Hanks (@tomhanks) May 22, 2020
Tom Hanks Early Life
Tom Hanks spent his formative years in the San Francisco Bay Area. His interest in acting led him to attend both community college and California State University, Sacramento before he was recruited for an internship at the Great Lakes Theater Festival.
Moving to New York City in 1980, he was quickly cast as a co-star in the cross-dressing sitcom Bosom Buddies, which ran for two seasons. After that, he had a string of supporting roles in movies.
Tom Hanks Acquire Notoriety
In 1988, Tom Hanks’ performance in Big catapulted him into the public eye. From then on, he established a whole career out of breaking rules in his chosen field. Since then, he’s made appearances in a wide variety of critically acclaimed films like Sleepless in Seattle, Apollo 13, Toy Story, You’ve Got Mail, Saving Private Ryan, Cast Away, The Da Vinci Code, and Angels & Demons.
For his performances in 1993 and 1994, Hanks won the Academy Award for Best Actor for a second time. In 1993, for the film Philadelphia, he won for his portrayal of an HIV-positive lawyer. In 1994, he took home the trophy for his work as the titular character in Forrest Gump.
Big Day for Skyline High School in Oakland, CA! Glad to be a part of it! Hanx, ‘74. pic.twitter.com/XWna7mdiYa
— Tom Hanks (@tomhanks) May 22, 2020
Hanks’s career as a filmmaker began with the 1996 film That Thing You Do!, which he co-wrote and directed. Since then, he has directed and/or produced several other films, including Cast Away and The Polar Express.
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Tom Hanks Pay Scale Details
Tom made close to $300 million from the film industry between 1988 and 2010. After adjusting for inflation, that is equivalent to $450 million. After that, he spent the next decade raking in an additional $100 million. Without accounting for inflation, Tom has made at least $400 million from his film career. This does not include any money made from producing or directing films.
Tom’s first major salary was $70,000 from the film “Splash” in 1984. When adjusted for inflation, that’s around the same as $172,000. Tom made $1.75 million for his role in “Big” in 1988, four years later.
About $4 million in current dollars. His “Punchline” salary was $5 million in 1998. If you wanted to convert that to today’s currency, you’d get $11 million. Tom’s salary has been sky-high since the late ’80s.
The film “Saving Private Ryan” brought in $40 million for Tom, followed by $20 million for “You’ve Got Mail,” “Cast Away,” and “The Green Mile.”
Expenses and Wages for the Da Vinci Code
Tom’s salary for his role in “The Da Vinci Code” in 2006 was $18 million. He made another $25 million to reprise his role in the 2009 sequel Angels & Demons, and another $25 million to front the trilogy’s conclusion, 2016’s Inferno. Over the course of his career, Tom Hanks made $68 million for his role as Robert Langdon.
Tom Hanks Salary for Forrest Gump
To start, Tom was slated to get $7 million in 1993 for his role in “Forrest Gump.” The funding for the film had been blown at some point during production. Tom, unwilling to see the movie wrecked, proposed forgoing his compensation in exchange for “first dollar” backend points.
When that happened, he got a part of the money Paramount was owed from the box office before the studio deducted its share for things like advertising and printing.
You probably already know that Forrest Gump became a massive financial success, grossing over $700 million worldwide.
Tom did really well on his first dollar deal. His backside points were worth about $70 million in his first year, or about $120 million in today’s dollars. It’s still his highest acting salary and one of the highest salaries ever paid to an actor in Hollywood.
— Tom Hanks (@tomhanks) March 13, 2020
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Tom Hanks’s Capitalization on Real Estate Investments
Tom and Rita paid $2.95 million in April of 1991 for a magnificent seaside mansion in Malibu Colony, a very elite neighborhood in Malibu. John Frankenheimer, the film’s director, was the one who made the deal.
It’s safe to assume that $20 million is a conservative estimate for today’s value of this home. Tom and Rita spent $26 million in January 2010 to purchase a home in the Pacific Palisades neighborhood of Los Angeles.
Tom and Rita sold their two Palisades houses in May 2017 for a combined $18 million. The buyer, whose identity has been shielded by a San Francisco-based lawyer and LLC, demolished the two houses so that they could build one enormous mansion. There are at least five other houses in the Pacific Palisades that Tom and Rita own.
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.
Look! I hit on a King and a Deuce! 21! Hanx. pic.twitter.com/HVdaY98B1R
— Tom Hanks (@tomhanks) May 20, 2020
Tom Hanks Personal Life
Tom Hanks was married to Samantha Lewes from 1978 to 1987. He married actress Rita Wilson in 1988. He has four children, including actor Colin Hanks and rapper Chet Haze.
Frequently asked questions
What religion is Tom Hanks?
Hanks’ family moved frequently while he was young; by the time he was 10, he had already lived in 10 different residences. Although Catholicism and Mormonism ran in Hanks’ family, a journalist once described him as a “Bible-toting evangelical” during his adolescent years.
Was Tom Hanks’s daughter in Forrest Gump?
And in the sequences where Forrest runs across the country, Tom’s younger brother Jim Hanks doubles for him on screen. Elizabeth Hanks, Tom’s daughter, plays the girl on the school bus who won’t make room for Forrest (Michael Conner Humphreys).
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