What is Tom Cruise Net Worth in 2023?
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Tom Cruise Net Worth
Tom Cruise’s Salary
$50 Million Per Year
What is Tom Cruise’s Net Worth, Salary, and Career Earnings?
Tom Cruise is a well-known actor and producer in the United States who currently has a net worth of $600 million. Tom Cruise is widely regarded as one of the most famous actors in Hollywood due to the fact that he has portrayed leading roles in dozens of critically acclaimed and commercially successful films over the past three decades.
He is also one of the highest-paid celebrities in the world, which helps contribute to his wealth. As of the time this article was written, the worldwide box office earnings for Tom Cruise movies total $9.5 billion. It is interesting to note, however, that over the majority of his career, not a single one of Tom’s films ever grossed more than one billion dollars.
His film “Mission: Impossible – Fallout,” which was released in 2018, had a worldwide gross of $800 million as of June 2022, making it his highest-grossing movie of all time. Because of the success of “Top Gun: Maverick,” Tom was able to cross the one billion dollar threshold after the weekend of June 25/26, 2022.
|Net Worth:||$600 Million|
|Salary:||$50 Million Per Year|
|Date of Birth:||Jul 3, 1962 (60 years old)|
|Height:||5 ft 7 in (1.71 m)|
|Profession:||Actor, Film Producer, Screenwriter, Television Director|
|Nationality:||United States of America|
Thomas Cruise Mapother IV was brought into the world on July 3, 1962, in the city of Syracuse, New York. His namesake and father was electrical engineer, while his mother was an educator for students with special needs. Tom is the oldest of his three sisters. Tom’s first cousin William Mapother, who went on to have a successful career as an actor in his own right, has shared the screen with Tom in a number of productions.
Tom Cruise’s childhood was marked by frequent relocation across the United States, with the exception of a few formative years spent in Canada when his father was serving in that country’s armed forces. In later years, Tom would assert that his father was a cruel bully who frequently beat him and his brothers. In the span of 14 years, he attended 15 different schools.
Tom did not always have the ambition to launch a career in the entertainment industry. Even though he participated in the school’s play club and took some acting classes, he was more of a jock while he was in middle school. After a knee injury forced him to leave the wrestling team in high school, he decided to pursue a career in acting instead. Cruise put a lot of effort into the theatre club at school, and as a result, he was rapidly promoted to the main role in the club’s performance of Guys and Dolls.
Tom remained uninterested in the role, despite the favorable evaluations and praise of his acting talents that he had received. He attended the St. Francis Seminary in Cincinnati for a while in the hopes of being ordained as a Franciscan priest during that time. Because of his drinking, he was kicked out of the seminary school.
Tom received his high school diploma from Glen Ridge, located in New Jersey, in the year 1980.
Soon after graduating from high school, Cruise relocated to New York City with the intention of beginning a career in acting there. Soon after, he uprooted his life and moved to Los Angeles in order to audition for opportunities on television.
Tom made his debut in the film industry with a supporting role in “Endless Love” in 1981. In the same year, he had a role in the film “Taps,” which got him positive reviews. Because of his performance in that role, Tom was recruited by the prestigious talent agency CAA. A CAA representative by the name of Paula Wagner argued on favour of Tom in front of the managing partner of the agency, Michael Ovitz. Not only would Tom remain a customer of CAA for the rest of his life, but he and Paula would also launch a production company together in the early 1990s under the name Cruise/Wagner Productions.
Tom received additional accolades for his work on “The Outsiders.”
In the comedy-drama “Risky Business,” which was released in 1983, Tom had a performance that catapulted him to stardom. The film Risky Business, which had a budget of only six million dollars, ended up grossing sixty-four million dollars worldwide and spawning a number of cultural touchstones. The film established Tom Cruise as a rising celebrity and led to him receiving a nomination for a Golden Globe for the first time.
The great success of the film “Top Gun” in 1986 catapulted Tom Cruise to the position of one of the most recognised performers in the world. The film with the highest total revenue for the year was Top Gun, which brought in 360 million dollars around the world.
In the same year, he had a role in the film “The Color of Money” starring Paul Newman.
Both “Cocktail” and “Rainman,” which were both released the same year in 1988, contributed to the string of hits that followed. The film “Rain Man” took home four Oscars. The next year, Tom Cruise received his first nomination for an Academy Award for his role in “Born on the Fourth of July.”
His next film was “Days of Thunder,” which was released in 1990, followed by “Far and Away” in 1992, “A Few Good Men” in 1992, “The Firm” in 1993, and “Interview with the Vampire” in 1994. He was nominated for a Golden Globe for his performance in A Few Good Men.
Tom Cruise simultaneously starred in and produced the blockbuster hit “Mission: Impossible” in 1996. The film amassed a total of $457 million in revenue around the world and spawned several films that were also very successful. In the same year, Tom had a starring role in “Jerry Maguire,” another movie that became a cultural sensation and earned $275 million worldwide on a budget of only $50 million. This performance got Tom a nomination for an Academy Award in the category of Best Actor. Cuba Gooding Jr., who co-starred with him, was awarded the Academy Award for Best Supporting Actor.
Over the course of the following decade and more, Tom consistently released success after hit. Other noteworthy projects that Tom has worked on include:
- Eyes Wide Shut
- Vanilla Sky
- Minority Report
- The Last Samurai
- War of the Worlds
- Jack Reacher
- Edge of Tomorrow
- American Made
6 Highest Grossing Tom Cruise Films
- #5: The Last Samurai (2003) – $456 million ($716 million with inflation)
- #5: War of the Worlds (2005) – $606 million ($890 million with inflation)
- #4: Mission: Impossible – Rogue Nation (2015) – $690 million
- #3: Mission: Impossible – Ghost Protocol (2011) – $700 million
- #2: Mission: Impossible – Fallout (2018) – $800 million
- #1: Top Gun: Maverick (2022) – $1 billion+
Other notable Cruise films and global grosses:
- The Firm (1993) – $158 million ($350 million with inflation)
- Mission: Impossible II (2000) – $550 million ($923 million with inflation)
- Mission: Impossible (1996) – $460 million ($850 million with inflation)
- Rain Man (1988) – $354 million ($865 million with inflation)
- Top Gun (1986) – $360 million ($445 million with inflation)
To date, over twenty of Cruise’s films have grossed well over $100 million worldwide. His global box office total is $9.5 billion without adjusting for inflation.
Salary and Earnings Milestones
- Tom earned $50,000 for Taps
- Tom earned $75,000 for Risky Business
- For 1985’s Legend, his pay was bumped to $500,000
- In 1986 Tom Cruise earned $2 million to star in Top Gun. From that point on his career earnings skyrocketed.
- He earned $3 million for Cocktail
- $9 million for Days of Thunder
- $13 million for Far and Away
- $12 million for A Few Good Me
- $12 million for The Firm
- $15 million for Interview with the Vampire
Tom Cruise earned a total of $70 million for all of his contributions to the first Mission: Impossible film, thanks in large part to the producer credit he received for the film. Because of Mission Impossible 3, he made an additional $75 million.
The two films that have earned Tom the most money to this point are “Mission: Impossible 2” (2000) and “War of the Worlds” (2005). Because of lucrative backend points, he made $100 million off of each movie. When you look at a list of the 10 actors who have made the most money in the history of acting (for a single movie), Tom Cruise appears three times on the list. His paydays of $100 million are the third and fourth greatest of all time, behind Bruce Willis’ $105 million Sixth Sense payoff and Keanu Reeves’ $156 million Matrix payday, respectively.
Tom made a total of $445 million in movie salaries between the years 1983 and 2011. Between the years of 2011 and 2019, he most certainly made an additional minimum of $300 million, increasing his total career earnings (including salary and bonuses) between the years 1983 and 2019 to a total of $745 million.
Top Gun Salary/Earnings
Tom Cruise made $2 million for his role in the film “Top Gun,” which he played in 1986. This was just disclosed. Taking into account the effects of inflation, that would be equivalent to about $5.4 million in today’s dollars. It’s hard to believe, but $2 million was 13% of the total $15 million budget for Top Gun. While Jerry Bruckheimer and Don Simpson were in the midst of producing Top Gun, a picture titled “Legend,” which starred Tom Cruise, was a commercial failure at the box office. This rendered the producers worried. Fortunately, “Top Gun” was a huge success and went on to become the year’s highest-grossing movie, bringing in 360 million dollars at the box office.
Let’s fast forward thirty years to the year 2018/2019. A sequel to Top Gun was ultimately made after many years of fans hoping for it and speculating that it would be made. A significant part of the credit for this goes to Skydance founder and producer David Ellison, son of Top Gun creator Larry Ellison. When David Ellison, who had been a huge fan of Top Gun since his childhood and who was also a pilot, established Skydance in 2006, the very first movie he wanted to make was a sequel to Top Gun. When everything fell into place, Skydance committed approximately $25 million of the film’s total budget of over $200 million.
Because of COVID, the release of “Top Gun: Maverick” had to be pushed back two years from when it was originally scheduled to occur, which was in the middle of 2020. Tom not only stars in but also serves as the major producer of this sequel. His starting pay for the role of Maverick in Top Gun was $13 million. More importantly, as the film’s producer, Tom is eligible to receive 10–20 percent of the “first dollar” gross revenue generated by the movie. That is a contract that no other star in Hollywood can get their hands on. After movie theatres, also known as exhibitors, take a 40% cut of receipts, the first dollar gross is paid out, but this occurs before any and all other studio costs, including production and marketing.
Tom will make somewhere in the neighborhood of $60 million if Top Gun: Maverick makes $1 billion at the box office and he owns 10% of the first dollar gross. If he had 20% of the business, he will make approximately $120 million. If he has 20% and when you include streaming sales in the future, it is highly probable that Tom would make roughly $200 million, which would be approximately 100 times his initial compensation for Top Gun. If he has 20% and when you include streaming sales in the future.
Tom Cruise Height
What is Tom Cruise’s height like? Tom Cruise stands at a height of 5 feet 7 inches. He is five inches shorter than his ex-wife Nicole Kidman, who is five feet and ten inches tall, and he is two inches shorter than his ex-wife Katie Holmes (who is 5 foot 9).
Tom has been married on multiple occasions. Between the years 1987 and 1990, he was married to the actress Mimi Rogers. Mimi was the one who initially presented Tom with information regarding Scientology.
Between the years 1990 and 2001, Tom was married to Nicole Kidman.
Between the years 2006 and 2012, he was married to Katie Holmes.
Katie Holmes Divorce Settlement
The union of Tom and Katie resulted in the birth of a daughter named Suri. It was reported at the time of their divorce that Tom had a net worth of $250 million when he entered the marriage, whilst Katie’s net worth was less than $10 million. Because Tom had a great deal more to lose, he insisted on establishing a prenuptial agreement that was rock strong. According to the conditions of their divorce, Tom was required to pay Katie child support in the amount of $400,000 every year for a period of 12 years (until the year 2024). That works out to $33,000 every month and a grand total of $4.8 million when everything is taken into account. In addition to this, Tom is responsible for paying for all of Suri’s medical bills, as well as her education, insurance, and any extracurricular activities she participates in. Katie has made the decision to not include Scientology in their daughter Suri’s upbringing and has full custody of the child. Katie was NOT awarded alimony, child support, or a lump sum monetary payment of any kind. EVER. According to what has been stated, Katie made the decision not to seek a single penny in spousal support in order to secure sole custody of Suri and complete authority over her upbringing.
Tom currently owns and once owned a number of highly outstanding properties located all around the United States during the course of his life.
Tom received $3 million for the purchase and sale of a condominium located in the East Village of New York City in 2013.
In September of 2015, he received $11.4 million for the sale of a multi-residential property located in the Hollywood Hills. It was Eva Longoria who made the purchase.
Tom finally parted ways with his Beverly Hills home in May of 2016, when he sold it to billionaire businessman Leon Black for $40 million. In 2006, when he was still married to Katie Holmes, he made the acquisition of the home for the price of $30.5 million.
Tom constructed a sizable estate in Telluride, Colorado, in the middle of the 1990s, during the time that he was married to Nicole Kidman. His property in Telluride encompasses 320 acres in total. The primary residence spans 10,000 square feet and includes nine bathrooms, seven bedrooms, and a private helipad in addition to horse stables. He spent years working to persuade the nearby airport to extend its runway in order to accommodate the arrival of larger private jets. 2010 was the year that he finally got his runway. In 2016, he put this residence up for sale with an asking price of $59 million; however, he was unable to sell it. In 2018, he tried once more to sell the house, but he was unable to locate a buyer. In March of 2021, he re-listed the property on the market for $39.5 million. In May of 2021, Tom was eventually successful in selling the property for exactly $39.5 million.
He invested a total of $11.8 million on the purchase of various units in a condominium complex in Clearwater, Florida, in 2018. This complex is located close to the global headquarters of the Church of Scientology.
The fact that Tom has produced a significant number of his own films is a significant contributor to the fact that he has become an incredibly wealthy actor, as opposed to merely a very successful actor. In 1993, he and Paula Wagner established their production company under the name Cruise/Wagner Productions. To this day, their films have grossed over $3 billion all around the world. Their company enjoyed an exclusive relationship with Paramount for a considerable stretch of time. After Tom’s provocative views regarding psychiatry and antidepressants went viral in 2006 and raised feathers throughout the industry, the agreement fell through. Since then, financial backing has come from hedge funds as well as the man who founded the Washington Redskins, Dan Snyder. In 2006, United Artists sought out Paula and Tom to assist in turning around the financially unstable business. Even though Paula departed UA in 2008, she and Tom still control a thirty percent share of the studio as of now.