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What are Tom Cruise’s Net Worth, Salary, and Career Earnings?
American actor and producer Tom Cruise are worth an estimated $600 million. As one of Hollywood’s biggest stars for the past three decades, Tom Cruise has appeared in dozens of big-budget blockbusters. One of the richest and highest-paid celebrities in the world is him. Movies starring Tom Cruise have raked in over $8.5 billion worldwide as of this writing. However, none of his films have ever made more than $1 billion worldwide. As of this writing, “Mission: Impossible β Fallout” has grossed $800 million worldwide, making it his highest-grossing film ever.
Early Life
On July 3, 1962, Thomas Cruise Mapother IV was born in Syracuse, New York. A special-needs teacher mother and an electrical engineer father raised him. Tom has three sisters, all of whom are younger than him. William Mapother, Tom’s first cousin, went on to become an actor and has appeared in several projects with him.
Tom Cruise’s family moved around a lot when he was growing up, but he did spend a short time in Canada when his father got a job with the Canadian military. When Tom grew up, he’d say his father was a bully who beat up on him and his siblings. In 14 years, he went to 15 different schools.
Tom wasn’t always planning on a career in acting. He was more of a jock in middle school, despite taking drama classes. The knee injury he sustained in high school forced him to give up wrestling and instead pursue a career in acting. To win the lead role in Guys and Dolls, Cruise enrolled in the school’s drama club, where he quickly rose through the ranks.
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Tom remained uninterested even though he had received positive reviews and encouragement for his acting abilities. He spent time at the St. Francis Seminary in Cincinnati, Ohio, pursuing a career as a Franciscan priest, but he ultimately decided against it. He was kicked out of seminary because he was a heavy drinker.
In 1980, Tom completed his high school education at Glen Ridge High School in New Jersey.
Early Career
After graduating from high school, Tom Cruise headed to Los Angeles to pursue a career as an actor. He soon relocated to Los Angeles to pursue a career in television.
With “Endless Love” in 1981, Tom made his film debut. He received critical acclaim for his performance in “Taps” in the same year. Because of this role, Tom was able to secure a representation deal with CAA, one of the industry’s most prestigious agencies. CAA managing partner Michael Ovitz was convinced of Tom’s worth by an agent named Paula Wagner. In the early 1990s, Tom and Paula would start Cruise/Wagner Productions, a production company that would last for the rest of Tom’s career as a client of CAA.
Tom earned further acclaim with “The Outsiders.”
Success
When he appeared in the 1983 comedy/drama “Risky Business,” Tom became an overnight star. With a budget of just $6 million, Risky Business raked in a whopping $64 million, spawning a slew of cultural icons. The film established Cruise as a rising star and earned him a nomination for Best Actor Golden Globe.
It was “Top Gun” that made Tom Cruise one of the world’s most famous actors in 1986. With $360 million in worldwide sales, Top Gun was the year’s highest-grossing film.
In the same year, he co-starred in “The Color of Money” with Paul Newman.
Rainman and Cocktail, both released in 1988, were further smashes. Four Academy Awards were given to Rain Man. “Born on the Fourth of July” received Cruise’s first Oscar nomination a year later.
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Days of Thunder (1990), Far and Away (1992), A Few Good Men (1992), The Firm (1993), and Interview with the Vampire (1994) followed. He was nominated for a Golden Globe for his role in A Few Good Men.
“Mission: Impossible,” starring and produced by Tom Cruise in 1996, grossed $457 million worldwide and spawned several successful sequels. Also in 2007, Tom starred in another cultural phenomenon, “Jerry Maguire,” which grossed $275 million on a $50 million budget and earned him an Oscar nomination for best actor in a supporting role. It was Cuba Gooding Jr. who took home the Oscar for Best Supporting Actor.
For more than a decade and a half, Tom produced a string of hits. Tom has worked on some notable projects, such as
- Eyes Wide Shut
- Vanilla Sky
- Minority Report
- The Last Samurai
- Collateral
- War of the Worlds
- Valkyrie
- Jack Reacher
- Oblivion
- Edge of Tomorrow
- American Made
5 Highest Grossing Tom Cruise Films
- 5: The Last Samurai (2003) β $456 million ($716 million with inflation)
- #4: War of the Worlds (2005) β $606 million ($890 million with inflation)
- #3: Mission: Impossible β Rogue Nation (2015) β $690 million
- #2: Mission: Impossible β Ghost Protocol (2011) β $700 million
- #1: Mission: Impossible β Fallout (2018) β $800 million
Other notable Cruise films and global grosses:
- The Firm (1993) β $158 million ($350 million with inflation)
- Mission: Impossible II (2000) β $550 million ($923 million with inflation)
- Mission: Impossible (1996) β $460 million ($850 million with inflation)
- Rain Man (1988) β $354 million ($865 million with inflation)
- Top Gun (1986) β $360 million ($445 million with inflation)
The worldwide box office totals for all of Cruise’s films have topped $100 million. Without adjusting for inflation, his global box office total is $8.5 billion.
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 earned a total of $70 million for his work on the first Mission Impossible thanks to his producer credit. Mission Impossible 3 brought in $75 million for him.
To date, Tom has earned the most money from Mission Impossible 2 and War of the Worlds, both of which were released in 2000. Because of the lucrative backend points, he made $100 million on each film. Three times out of the top ten highest-paying actors of all time (for a single film), Tom Cruise ranks. Third and fourth place goes to Bruce Willis’ $105 million Sixth Sense payday and Keanu Reeves’ $156 million Matrix payday for $100 million.
Tom earned $445 million in movie salaries between 1983 and 2011. His total career earnings (salary and bonuses) from 1983 to 2019 are estimated to be $745 million, which includes the $300 million he earned between 2011 and 2019.
Top Gun Salary/Earnings
It’s worth noting that Tom Cruise’s “Top Gun” salary was $2 million in 1986. In today’s dollars, that’s equivalent to about $5.4 million. Top Gun’s $15 million budget included only $2 million, or 13 percent of the total. Producers Jerry Bruckheimer and Don Simpson were terrified during the production of Top Gun when the box office failure of the Tom Cruise starrer “Legend” was announced. Fortunately, Top Gun was a box office smash, grossing $360 million worldwide and becoming the highest-grossing film of 1986.
Three decades later, we’re in 2018/2019. David Ellison, the son of Larry Ellison and the founder of Skydance, was the driving force behind the production of a Top Gun sequel after years of whispers, rumors, and hopes from fans. Skydance founder David Ellison, a lifelong fan of Top Gun and a pilot himself, had always wanted to make a Top Gun sequel when he started the company in 2006. It took a perfect storm for Skydance to put up a quarter of the film’s estimated $200 million price tag.
COVID forced the release of “Top Gun: Maverick” to be postponed for two years, resulting in a two-year delay. The sequel stars Tom as well as the film’s primary producer. In Top Gun: Maverick, he made a base salary of $13 million. Furthermore, Tom is entitled to 10β20% of the “first dollar” gross revenue as the film’s producer. No other Hollywood star can get a deal like that. After movie theatres, also known as exhibitors, take their 40 percent cut of ticket sales, the studio pays out the first-dollar gross, but only after all other costs, such as marketing and production, have been deducted.
He’ll make around $60 million if Top Gun: Maverick makes $1 billion at the box office and he owns 10% of the first dollar of gross. A 20 percent stake would bring him in around $120 million in profit. If Tom has a 20 percent stake in the company, he stands to earn around $200 million, which is approximately 100 times his original salary from Top Gun.
Tom Cruise Height
Tom Cruise’s height is unknown. Tom Cruise stands at a height of 5 7/8 inches. He is two inches shorter than his ex-wife Katie Holmes and three inches shorter than his ex-wife Nicole Kidman (who is 5 foot 10 inches tall) (who is 5 foot 9).
Personal Life
Tom has had several marriages. From 1987 to 1990, he was married to actress Mimi Rogers. Tom first heard about Scientology from Mimi.
Since 1990, Tom and Nicole Kidman have been together, and they have two children together.
From 2006 to 2012, he was married to Katie Holmes.
Katie Holmes Divorce Settlement
Katie gave birth to a daughter named Suri as a result of Tom and Katie’s union. Tom reportedly had a net worth of $250 million at the time of their divorce, while Katie’s was less than $10 million. Tom insisted on a solid prenuptial agreement because he had a lot more to safeguard. Tom had to pay Katie $400,000 in child support per year for 12 years as part of the terms of their divorce (until the year 2024).
That works out to $33,000 a month, or a total of $4.8 million over the year. Suri’s medical, educational, and insurance costs must also be covered by Tom. As a result, Katie has full custody of Suri and does not intend to raise her in the Scientology religion. In the absence of spousal support or a one-time cash payment, Katie was not compensated in any way. To gain full custody and control over Suri’s upbringing, Katie reportedly decided not to seek spousal support.
Real Estate
Tom is the proud owner of a slew of impressive real estate holdings dotted across the United States.
Tom sold his East Village, New York, tenth-floor condo for $3 million in 2013.
In Hollywood Hills, he sold a multi-unit building in 2015 for $11.4 million. Eva Longoria was the lucky purchaser.
Leon Black, a billionaire financier, purchased Tom’s Beverly Hills home in May 2016 for $40 million. During his marriage to Katie Holmes, he spent $30.5 million on the house.
Tom built a massive mansion in Telluride, Colorado, during his marriage to Nicole Kidman in the mid-1990s. He owns 320 acres of land in Telluride. Seven bedrooms, nine bathrooms, horse stables, and a private helipad make up the 10,000-square-foot main house. He lobbied for years to expand the runway at the local airport so that larger private jets could land. In 2010 he got his wish to walk the runway. He put it on the market for $59 million in 2016, but no one bought it. In 2018, he relisted the house but was unsuccessful in finding a buyer. In March of 2021, he listed the house again for 39.5 million dollars. Finally, in May of this year, Tom sold the property for exactly 39.5 million dollars.
Here is a home tour from a prior listing:
In 2018, he invested $11.8 million in a Clearwater, Florida condo complex near the Church of Scientology’s world headquarters, where he purchased multiple units.
Cruise/Wagner Productions
Because he has produced many of his films, Tom has become an extremely wealthy actor rather than merely a very wealthy actor. Cruise/Wagner Productions was established in 1993 by him and Paula Wagner. Their films have grossed more than $3 billion worldwide to this point. Their company had a long-term contract with Paramount. As a result of Tom’s viral statements about psychiatry and anti-depressants, the contract was terminated in 2006 and no longer exists. Since then, hedge funds and the owner of the Washington Redskins, Dan Snyder, have provided the necessary funding. United Artists hired Paula and Tom in 2006 to help the studio get back on its feet. She and Tom still own 30% of the studio, even though Paula resigned from UA in 2008.
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