How much is Eddie Murphy worth?
|Net Worth:||$215 Million|
|Date of Birth:||April 3, 1961|
|Country:||United States of America|
About Eddie Murphy
Eddie Murphy is a comedian and movie star who became famous in the 80s thanks to huge comedy movies and performing record breaking stand up specials. Murphy is incredibly consistent, having dozens of classics under his belt he managed to keep up this momentum for three full decades. There is no other entertainer in the movie industry that had even close to the energy and creativity that Murphy brings in his most famous films. Even when you can’t see him Murphy transcends and makes movies far bigger successes. Like in the movie “Shrek”, Eddie Murphy voicing Donkey was key to the movies success, it was hilarious and people loved it! Eventually that single Shrek franchise where Murphy played a lead part, grossed over $2.5 billion dollars.
We calculate Eddie Murphy has a net worth of as much as $215 million dollars, as of 2020.
How did Eddie Murphy get so rich?
In his first season of Saturday Night Live in 1980, Murphy was getting paid just $4500 per episode, which is low for somebody who was writing and acting in the sketches, especially someone who was making Saturday Night Live popular again after the show had seen ratings dip. However, Murphy’s second season saw his salary rise more than six times that of his first season, as he received a salary of $30,000 per episode.
Though $30,000 for a few sketches every week is nothing to be sniffed at, Murphy would set his sights much higher as he grew more famous. The actor has consistently earned $20 million for every role he has had for most of his career, especially in the 80s, 90s, and 2000s. He has starred in several franchises, with six completely original screenplays of which he was the lead, receiving sequels. That is something that just never happens anymore, it was even rare in the 80s.
Murphy is a part of the multi billion dollar franchise, Shrek, which won the Academy Award for best Animated picture the year it came out and made close to half a billion dollars at the box office. But that was nothing compared to the sequel. Shrek 2 made almost double that of its sequel. The whole franchise has now made over $2.5 billion. In the series, Murphy plays a donkey, aptly named Donkey, who is energetic and loud but also very dopey. Starring alongside Michael Myers and Cameron Diaz, Murphy stole the show and set the foundation for the way animals would be cast in future Dreamworks Animation movies, but no other animated Dreamworks movie has reached the critical success of Shrek.
Like many comedians before him, Murphy has signed a deal with Netflix. But Murphy’s deal isn’t like many others, the comedian will earn $70 million from the streaming titan in return for a series of stand up specials. How many specials the comedian has agreed to perform is unclear, but this payout is the highest by far, topping Chris Rock’s $40 million for two specials, and Dave Chappelle’s $60 million for three specials.
Why is he so famous?
Eddie Murphy got his start on Saturday Night Live in which he starred and helped write some of the show’s most well-known and hilarious sketches for four years straight, with 65 episodes. It was after that when he would go on to perform the world’s most popular stand up shows in history with Delirious in 1983, in which he wore the now iconic red leather suit. And it was followed up several years later with Raw, the highest grossing stand-up comedy ever made, grossing a total of $50 million.
After proving his worth and cutting his teeth in the SNL writers’ room and in front of the camera, Murphy starred in his first movie while he was still in his Saturday Night Live residency. The movie, 48hrs, was a bigger hit than Murphy could ever have imagined. Starring alongside Nick Nolte, the film earned enough money in the box office for the studio to green light a sequel, and Murphy was even nominated for a Golden Globe, and this was his first ever role. The movie opened the floodgates for Murphy as he became the most in-demand actor in Hollywood, maybe even the world.
He followed 48hrs with a movie Christmas movie co-starring Dan Aykroyd, but it was this 1984 movie that turned Murphy in to a money making machine. Beverly Hills Cop made an incredible $300 million with a budget of just $13 million. Because of its success the studio quickly fast-tracked a sequel and three years later, this time with the late Tony Scott in the director’s chair, Beverly Hills Cop 2 was just as successful as it’s predecessor. The actor could do no wrong. In the 1980s he wasn’t in a single unsuccessful movie. Even in the 90s and 2000s, though his movies didn’t have a 100% success rate, Murphy had a star power and he was more bankable than any classically trained actor.
What makes him so successful?
Rare for a comedian, he has been nominated for an Academy Award, which was for Best Supporting Actor for his role in Dreamgirls. It was argued that Murphy should be nominated for his most recent role in the Netflix original movie, Dolemite Is My Name, and it was massively disputed when he wasn’t nominated as people went as far to call the decision outrageous.
Eddie Murphy’s movies have grossed close to a total of $7 billion at the worldwide box-office, which has been predominantly built off animated movies, buddy movies, and sequels. Murphy has created some of the most iconic characters in cinema history, such as Axel Foley, Dr. John Doolittle, Donkey, Prince Akeem, Billy Ray Valentine, and impressively every single character from The Nutty Professor.
Thanks to his phenomenal comedy with perfect timing and bringing already brilliant screenplays to life with amazing performances that will go down in movie history books, Eddie Murphy has an estimated net worth of $215 million. His recent movie, Dolemite Is My Name, seems to have awoken him, as after having a few years off, he’s back with several new projects. A sequel to the classic Coming To America, which is titled Coming 2 America, is in the works with Eddie Murphy not only starring in the movie, but penning the screenplay too. The movie has already been shot, is currently in post-production, and is due for release in December of this year.