Net Worth of Tom Cruise 2024
Tom Cruise is one of the most well-known and highest paid actors in Hollywood. With a career spanning over four decades, Cruise has starred in countless blockbuster films that have grossed over $10 billion worldwide. From ‘Top Gun’ to ‘Mission: Impossible,’ Cruise has become a household name known for performing his own stunts and dedicating himself entirely to every acting role.
So how much is Hollywood’s golden boy worth with such an illustrious acting career? What does Cruise spend his millions on? Let’s take a closer look at Tom Cruise’s net worth.
| Net Worth | $570 Million |
| Age | 60 |
| Born | July 3, 1962 |
| Country of Origin | United States |
| Source of Wealth | Acting |
How Did Tom Cruise Build His $570 Million Net Worth?
Tom Cruise was born as Thomas Cruise Mapother IV on July 3, 1962 in Syracuse, New York. His mother was a special education teacher, while his father was an electrical engineer. Cruise had a difficult childhood as his parents divorced when he was 11 years old. His family then moved around several cities in Canada.
Cruise initially aspired to become a priest but soon caught the acting bug. He made his film debut with a small role in the 1981 film “Endless Love.” The following year he had his breakthrough role in the coming-of-age comedy “Risky Business.” Cruise garnered widespread attention for his underwear dance scene in the film, propelling him to stardom.
Rise to Fame in the 1980s
The 1980s cemented Cruise as one of Hollywood’s brightest stars and highest paid actors. He starred in several box office hits during this decade, including:
- Top Gun (1986) – This action drama about elite fighter pilots became Cruise’s first $100 million movie. It earned $357 million worldwide and boosted Cruise’s international fame.
- The Color of Money (1986) – Cruise received his first Academy Award nomination for Best Supporting Actor for this sequel to “The Hustler.”
- Rain Man (1988) – Co-starring with Dustin Hoffman, this touching drama grossed $412 million globally and won the Academy Award for Best Picture.
By the end of the 1980s, Tom Cruise was the biggest star in Hollywood earning around $10 million per film. His net worth skyrocketed during this decade to well over $100 million.
Continued Success in the 1990s and 2000s
If the 1980s made Cruise a star, the 1990s and 2000s cemented his staying power as one of the world’s highest paid actors. Some of his biggest critical and commercial hits over these decades include:
- A Few Good Men (1992) – This legal drama earned Cruise another Academy Award nomination and grossed $243 million worldwide.
- Jerry Maguire (1996) – With Cruise’s signature line “Show me the money!”, this romantic comedy grossed $273 million globally.
- Mission: Impossible (1996) – As secret agent Ethan Hunt, this action spy film spawned Cruise’s biggest franchise grossing over $3.5 billion across six films.
- Minority Report (2002) – Directed by Steven Spielberg, this sci-fi thriller proved Cruise could draw audiences to both dramas and action films, earning $358 million.
- The Last Samurai (2003) – This period drama showcased Cruise’s box office appeal in heavier films, grossing $456 million globally.
In the 2000s, Tom Cruise consistently earned between $20 to $30 million per movie, cementing his status as one of the highest paid leading men in Hollywood. His net worth skyrocketed to over $400 million during these years.
Consistent Success in the 2010s and 2020s
Even after 40 years in the industry, Tom Cruise continues to draw audiences and rake in the millions with his films. Some of his most successful recent movies include:
- Mission: Impossible – Ghost Protocol (2011) – This fourth installment revitalized the franchise, becoming Cruise’s then highest-grossing film with $694 million worldwide.
- Mission: Impossible – Fallout (2018) – The sixth entry earned over $791 million globally, proving the Cruise-led franchise has no signs of slowing down.
- Top Gun: Maverick (2022) – This long-awaited sequel became Cruise’s biggest hit and the highest-grossing film of his career with over $1.4 billion worldwide. It also earned Cruise his first $100 million upfront paycheck for a single film.
Cruise remains one of the rare movie stars who can draw audiences to both dramas and action blockbusters today. He continues to do his own stunts well into his 60s, showcasing astounding dedication to his craft with no plans to retire anytime soon.
What Real Estate Does Tom Cruise Own?
With a net worth exceeding half a billion dollars, Tom Cruise has invested some of his fortune into real estate. While Cruise has owned several lavish properties over the years, these are some of the key homes he owns today:
Beverly Hills Mansion – $39 Million
Cruise’s primary residence is a sprawling 10-bedroom Mediterranean-style villa set on a hilltop in Beverly Hills. He purchased the mansion in 2006 for $30 million and reportedly spent $9 million upgrading it with high-tech amenities. The home features panoramic views of Los Angeles, a tennis court, pool, and private theater among other luxury details fit for a movie star.
Telluride Mountain Retreat – Est. $4 Million
Cruise also owns a remote home nestled in the mountains of Telluride, Colorado. While smaller than his Beverly Hills estate, this retreat offers stunning views of the Rockies and serves as Cruise’s getaway from the hustle of Hollywood. He reportedly purchased the home in the 1990s.
Other Real Estate Investments
In addition to his Beverly Hills and Telluride homes, Cruise has owned several other multimillion-dollar properties across the U.S. He previously owned a $35 million home in Beverly Hills which he later sold to billionaire financier Leon Black for $40 million in 2016. This marked one of Cruise’s most profitable real estate deals ever.
Cruise also briefly owned a penthouse in New York City which he purchased for $3 million and sold for $9 million just a year later. Overall, while real estate is not his primary business, Cruise has earned millions buying and selling coveted properties over his high-flying career.
What Does Tom Cruise Spend His Money On?
While Cruise splurges on real estate, he leads a relatively frugal lifestyle compared to many Hollywood celebrities with car and plane collections. Outside of homes, here’s how Cruise spends his $570 million fortune:
1. Philanthropy
Tom Cruise is a generous philanthropist who has donated millions to a range of causes and organizations. After witnessing the effects of the 2010 Haiti earthquake, Cruise donated $5 million to disaster relief efforts in the country working closely with humanitarian group Church of Scientology Disaster Relief. He also donated to 9/11 victims relief funds and has supported other education and medical research charities over the years.
2. Flying Lessons and Aviation
With a penchant for speed and adventure like his “Top Gun” character, one of Cruise’s biggest hobby expenditures has been aviation. He earned his pilot’s license in 1994 and has logged thousands of hours flying various aircraft. Cruise previously owned a $20 million Gulfstream IV but now mostly rents or charters private planes for convenience and privacy. He reportedly spent over $1 million alone renting a private jet for one year during a world tour promoting his films.
3. Movie Production and Financing
In another sign of his dedication to the craft, Cruise often personally finances and produces many of his own films. While he earns massively upfront now per project, earlier in his career Cruise would take pay cuts in exchange for a percentage of the backend profits. This allowed him greater creative control but also meant he invested millions of his own money to get films made. For example, he partially funded the first ‘Mission: Impossible’ movie which went on to gross over $450 million worldwide. So while risky, his investments in his own films have paid off hugely overall.
4. Lawsuits and Divorces
Cruise has been involved in several lawsuits during his career that have cost him millions in legal fees and settlements over the years. Most notably, he sued a magazine publisher in 1998 for $100 million for claiming he was gay – the case was eventually settled. His high-profile divorces have also been expensive – his 2012 divorce from Katie Holmes reportedly cost him $50 million. While smaller expenses compared to his fortune, legal issues have still cut into Cruise’s net worth significantly.
FAQs About Tom Cruise’s Wealth
Does Tom Cruise own a plane?
While he’s logged thousands of hours in the cockpit, Tom Cruise no longer personally owns his own plane. He previously owned a luxurious Gulfstream IV jet but now mostly charters private flights when he needs to travel. This allows him flexibility to take different planes rather than needing a whole flight crew for one specific aircraft. Between movie promotions and his globe-trotting lifestyle, it’s estimated Cruise spends around $1 million per year on private aviation even without owning his own plane.
What is Tom Cruise’s highest grossing film?
Tom Cruise’s highest grossing film domestically and worldwide is ‘Top Gun: Maverick’ which has grossed over $1.4 billion globally as of late 2022. It surpassed his next most successful film, 2018’s ‘Mission: Impossible – Fallout’ which earned $791 million. Several of Cruise’s movies sit among the highest-grossing films of all time thanks to his blockbuster draw spanning four decades as one of Hollywood’s most consistent leading men.
Who is richer – Tom Cruise or Brad Pitt?
As two of Hollywood’s elite A-list leading men for decades, both Tom Cruise and Brad Pitt have amassed immense fortunes from film salaries alone north of $100 million. However, Cruise has a higher net worth estimated at $570 million compared to Pitt’s $300 million. While still hugely successful, Pitt has generally opted for smaller films and taken extended breaks between projects. Meanwhile, Cruise has starred in big budget blockbusters more consistently throughout his 40+ year acting career. The ‘Mission: Impossible’ franchise has especially kept Cruise at the peak of the highest paid actors for years.
How much did Tom Cruise make from Top Gun: Maverick?
Thanks to backend box office profits and a percentage of home entertainment sales, Tom Cruise is estimated to have made over $100 million from ‘Top Gun: Maverick’ so far. The sequel became 2022’s highest grossing film worldwide over 35 years after the original catapulted him to stardom. It marked the first time Cruise earned an upfront paycheck of $100 million for a single film showing his unmatched star power. With the film still selling on home formats and streaming, Cruise stands to earn tens of millions more from Maverick in the coming years.
What was Tom Cruise’s biggest flop?
While Cruise has enjoyed one of the most successful Hollywood careers ever as a consistent box office draw, even he has had major flops. The biggest financial flop of Cruise’s career was the 2017 reboot ‘The Mummy’ which grossed just $410 million worldwide off a budget between $190-230 million before marketing. The film was intended to launch an interconnected Dark Universe franchise at Universal which was promptly cancelled after ‘The Mummy’s’ underperformance. While rare misfires, films like ‘The Mummy’ have prevented Cruise’s net worth from potentially being even higher.
Conclusion
With a net worth of $570 million and counting from four decades as Hollywood’s leading man, Tom Cruise has enjoyed one of the most successful acting careers ever. He rose from modest beginnings to become the quintessential movie star and consistent box office powerhouse thanks to iconic roles from ‘Top Gun’ to the long-running ‘Mission: Impossible’ franchise.
Even well into his 60s, Cruise remains as popular as ever as evidenced by ‘Top Gun: Maverick’ shattering expectations to become 2022’s highest grossing film worldwide. Between his lavish real estate portfolio and hundreds of millions earned from film projects, Cruise appears set to only expand his immense wealth in the coming years. With no signs of slowing down, Cruise continues to prove why he’s considered the greatest star in Hollywood history worth every penny.
