Tom Hanks has a net worth of $400 million. He is an American actor, director, writer, and producer. Tom Hanks is without a doubt one of Hollywood’s most renowned, well-regarded, and well-paid actors.
Hanks has amassed a domestic box office gross of more than $4.6 billion in his career. As of this writing, he has raked in nearly $9.7 billion at the global box office. He is also the world’s most consistently profitable box office star.
Tom Hanks Childhood
Tom Hanks was born and raised in the Bay Area. He studied theatre at a community college and then at California State University, Sacramento, until he was invited to attend the Great Lakes Theater Festival for a three-year internship.
In 1980, he relocated to New York City and secured a co-starring part in the two-season cross-dressing sitcom Bosom Buddies. He was immediately followed by a string of supporting film parts.
Tom Hanks Rise to Stardom
Tom Hanks first achieved widespread notoriety in 1988 for his performance in the blockbuster film Big. From there, he made a career out of violating genre conventions. He later appeared in films like Sleepless in Seattle, Apollo 13, Toy Story, You’ve Got Mail, Saving Private Ryan, Cast Away, The Da Vinci Code, and Angels and Demons.
Hanks became only the second actor in history to win back-to-back Academy Awards for Best Actor in 1993 and 1994. He won in 1993 for his role as an HIV-positive attorney in Philadelphia.
He won in 1994 for his performance as Forrest Gump in the film Forrest Gump. Hanks created and directed That Thing You Do! in 1996, launching his career as a producer and director.
Since then, he has directed and/or produced several more films, including Cast Away and The Polar Express. From 1978 to 1987, Hanks was married to Samantha Lewes. In 1988, he married actress, Rita Wilson. He is the father of four children, among which are actor Colin Hanks and rapper Chet Haze.
Highlights of Tom Hanks’s Salary
Tom got one of his first substantial salaries with the 1984 film Splash, for which he earned $70,000. That equates to almost $172,000 after inflation. Tom got $1.75 million for Big four years later, in 1988. That is around $4 million in today’s money.
He received $5 million the same year for “Punchline.” That is equivalent to $11 million in today’s money. Tom’s income remained in the stratosphere during the late 1980s.
Tom was filming Forrest Gump in 1993, for which he was owed a $7 million compensation. At some point during production, the film’s budget was greatly exceeded. Tom volunteered to forego his income in return for “first dollar” backend points rather than see the film wrecked.
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In that case, he earned a portion of the box office profits owing to Paramount after theatre owners deducted their cut and before the studio deducted expenditures.
Tom did incredibly well when Gump became a massive movie office success. In the first year alone, his backside points were worth over $70 million, which equates to almost $120 million today. It remains by far his greatest acting salary and one of the richest in Hollywood history.
Tom amassed $40 million from Saving Private Ryan, followed by $20 million from You’ve Got Mail, Cast Away, and The Green Mile. He made $18 million for The Da Vinci Code and $50 million for Angels & Demons, the film’s sequel.
Tom made over $300 million in film salaries between 1988 and 2010. Approximately the same as $450 million after inflation adjustment. Over the next decade, he made at least another $100 million.
Tom has certainly made at least $400 million in film earnings without adjusting for inflation throughout his career. This does not include the production and administration of payments.
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