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Tom Cruise Net Worth

What is Tom Cruise’s Net Worth In 2024?

Tom Cruise is a wealthy American producer and actor with a $600 million fortune. Most people agree that Tom Cruise is one of the biggest celebrities in Hollywood history. In addition, he is among the wealthiest and best-paid celebrities worldwide. Tom Cruise films have taken in $11.5 billion worldwide. Curiously, though, none of Tom’s movies have ever brought in more than $1 billion during his career. Before June 2022, the film “Mission: Impossible – Fallout” (2018) achieved the highest worldwide box office gross of $800 million. Late in June 2022, Tom achieved financial success beyond all expectations with the success of “Top Gun: Maverick,” which brought in $1.5 billion worldwide.

Early Life Of Tom Cruise

Thomas Cruise Mapother IV was born in Syracuse, New York, on July 3, 1962. His mother taught special education, and his father, who bore his name, was an electrical engineer. There are three sisters, Tom. William Mapother, his first cousin, pursued a career in acting and collaborated with Tom on several productions.

During his early years, Tom Cruise moved about the United States, briefly staying in Canada following his father’s employment with the Canadian Armed Forces. Later on, Tom would say that his father had beaten him and his siblings and was a bully. In 14 years, he attended 15 different schools.

Tom’s dream of becoming an actor wasn’t always there. He was more of a jock in middle school, even though he did attend acting classes. He turned to acting after being pulled off the wrestling team due to a knee injury in high school. After dedicating himself to the theatre club, Cruise was cast as the lead in their performance of Guys and Dolls quite soon.

Tom Cruise remained uninterested even after getting compliments on his acting abilities and favourable reviews. He studied at Cincinnati’s St. Francis Seminary for a while, hoping to become a Franciscan priest. His drinking led to his expulsion from the seminary.

1980 Tom received his diploma from New Jersey’s Glen Ridge High School.

Early Career Of Tom Cruise

After graduating high school, Tom Cruise first relocated to New York City to pursue acting. He relocated to Los Angeles shortly after to audition for TV parts. Tom debuted in a movie in 1981, playing a minor role in “Endless Love.” He received favourable reviews the same year for his performance in “Taps.” Michael Ovitz, the general partner of the CAA, was personally approached by Paula Wagner, an agent, to present Tom’s case. In addition to becoming a long-term customer of CAA, Tom and Paula founded Cruise/Wagner Productions, a production company, in the early 1990s.

Tom gained even more recognition for “The Outsiders.”

Success Life Of Tom Cruise

The comedy/drama “Risky Business” featured a breakout performance by Tom Cruise in 1983. Risky Business made $64 million on a $6 million budget and produced several pop culture stars.

Following the huge success of 1986’s “Top Gun,” Tom Cruise became one of the world’s most recognized actors. With a global box office receipt of $360 million, Top Gun became the year’s highest-grossing movie.

Tom Cruise Net Worth

He co-starred with Paul Newman in “The Color of Money” that same year.

In 1996, Tom Cruise costarred and produced the hugely successful film “Mission: Impossible,” which brought in $457 million worldwide and spawned other profitable sequels. Tom featured in “Jerry Maguire,” another global sensation that year that brought in $275 million on a $50 million budget and won Best Actor at the Oscars. His costar, Cuba Gooding, Jr., won the Best Supporting Actor Oscar.

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Top 5 Highest-Grossing Tom Cruise Films

  1. Top Gun: Maverick (2022) – $1.5 billion
  2. Mission: Impossible – Fallout (2018) – $800 million
  3. Mission: Impossible – Ghost Protocol (2011) – $700 million
  4. Mission: Impossible – Rogue Nation (2015) – $690 million

Salary and Earnings Milestones

  • For Taps, Tom received a $50,000 salary.
  • Tom received $75,000 for his hazardous ventures.
  • For Legend (1985), he received a pay raise of $500,000.
  • Tom Cruise received $2 million in 1986 as a star in Top Gun. After that, his career earnings took off.
  • Cocktail brought him $3 million.
  • Days of Thunder will cost $9 million.
  • For Far and Away, $13 million
  • A Few Good Me: $12 million
  • $12 million was given to The Firm.
  • Interview with the Vampire: $15 million

The two highest-grossing films Tom has ever done are War of the Worlds (2005) and Mission Impossible 2 (2000). He made $100 million from EVERY movie thanks to profitable backend points. Tom Cruise appears three times on the ten highest acting salaries ever paid (for a single film). His aforementioned $100 million paychecks are third and fourth in highest earnings, respectively, after Bruce Willis’ $105 million from Sixth Sense and Keanu Reeves’ $156 million from Matrix.

Top Gun Salary/Earnings

Tom Cruise received a $2 million paycheck for the 1986 film “Top Gun,” as we just discussed. After accounting for inflation, that equals about $5.4 million in today’s dollars. Surprisingly, $2 million made up 13% of Top Gun’s $15 million total budget. Producers Jerry Bruckheimer and Don Simpson were scared when the Tom Cruise film “Legend” tanked at the box office during the Top Gun shoot. Luckily, Top Gun became a huge hit and earned $360 million in revenue, making it the highest-grossing film in 1986.

Let’s fast-forward thirty years until 2018 or 2019. A Top Gun sequel was eventually made after many years of rumours, whispers, and fan expectations, primarily due to producer David Ellison, who founded Skydance and is the son of Larry Ellison. When David Ellison founded Skydance in 2006, he had one picture in mind: a sequel to Top Gun. Ellison was a pilot and a devoted movie fan from his youth. Once everything came together, Skydance contributed a quarter of the film’s approximately $200 million budget.

The release of “Top Gun: Maverick” was originally scheduled for mid-2020, but COVID forced a two-year postponement. Tom is the main producer and star of the follow-up. More significantly, Tom is qualified to receive between 10% and 20% of the movie’s “first dollar” gross receipts as a producer. No other Hollywood celebrity could land a deal like that. The first dollar gross is distributed before all other studio expenses, such as marketing and production, but after, movie theatres, sometimes referred to as exhibitors, keep 40% of the proceeds.

If Top Gun: Maverick grosses $1 billion at the box office and Tom receives 10% of the first dollar gross, he will get roughly $60 million. With 20%, he would be making almost $120 million. If Tom receives 20% of the total revenue and streaming sales are factored in later, he could potentially collect $200 million. That would be about 100 times his initial Top Gun compensation.

Tom Cruise Height

What is Tom Cruise’s height? Tom Cruise has a height of 5 feet 7 inches.

Personal Life Of Tom Cruise

Tom has had multiple marriages. From 1987 to 1990, he wed Mimi Rogers, an actress. Tom was first introduced to Scientology by Mimi.

Nicole Kidman and Tom were wed from 1990 to 2001.

Katie Holmes was his spouse from 2006 till 2012.

Katie Holmes Divorce Settlement

The only child of Tom and Katie’s marriage is named Suri. Tom had a net worth of $250 million when they married, whereas Katie had less than $10 million, according to sources from their divorce. Tom was ordered by the rules of their divorce to give Katie $400,000 a year in child support for 12 years, or until 2024. That comes to $33,000 a month, or $4.8 million.

In addition, Tom is responsible for covering Suri’s health care, schooling, insurance, and extracurricular activities. Choosing not to bring their daughter up in the Scientology religion, Katie is the one with complete custody of Suri. Katie did not get a lump sum payment of money or any spousal support. It has been alleged that Katie chose to have complete custody and control over Suri’s upbringing rather than pursue any financial help from her spouse.

Real Estate Investments

Over the years, Tom has owned and possessed several magnificent residences throughout the United States.

In 2013, Tom made a $3 million condo sale on the tenth floor in East Village, New York City.

He received $11.4 million for selling a multi-resident home in the Hollywood Hills in September 2015. Eva Longoria was the purchaser.

Tom sold billionaire banker Leon Black his long-standing Beverly Hills mansion in May 2016 for $40 million. When he was still married to Katie Holmes in 2006, he paid $30.5 million for the house. When Tom married Nicole Kidman in the mid-1990s, he constructed a sizable estate near Telluride, Colorado. His 320-acre ranch is located in Telluride. The 10,000-square-foot main house has a private helipad, horse stables, seven bedrooms, and nine bathrooms.

He lobbied the local airport for years to extend its runway to accommodate larger private aircraft. In 2010, his ambition for a runway was realized. He put this house up for $59 million on the market in 2016, but in the end, no one bought it. In 2018, he relisted the house but could not find a buyer. In March 2021, he relisted the house for $39.5 million. In May 2021, Tom sold the home for precisely $39.5 million.

He invested $11.8 million 2018 to purchase many apartment units in a Clearwater, Florida, condo complex close to the Church of Scientology’s global headquarters.

Cruise/Wagner Productions

Producing a lot of his films has been a big part of Tom’s rise from being a very successful actor to an enormously wealthy actor. He co-founded Cruise/Wagner Productions in 1993 alongside Paula Wagner. Their movies have made $3 billion globally so far. Their company had an exclusive contract with Paramount for many years. After Tom’s divisive remarks regarding psychiatry and antidepressants went viral and caused a stir in the Business, that contract fell through in 2006. Dan Snyder, the creator of the Washington Redskins, and hedge funds have been the source of funding ever since.

Conclusion

In conclusion, Tom Cruise’s journey from a young aspiring actor to a global icon is a testament to his enduring talent and dedication. His legacy remains firmly established as he continues to make waves in Hollywood.

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