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Robert Downey Jr. is an American producer and actor with starring roles. This Manhattan-born brilliant actor is also a singer but is most famous for acting as Iron Man in Marvel’s Iron Man. interestingly, this made him among the highest-earning Hollywood actors. However, how much wealth does he have? How did he make his net worth? How does he spend the money he earns? Please read on to find out.
What is Robert Downey Jr Net Worth?
Robert Downey Jr. has a net worth of $300 million as of December 2022. He has made it huge in Hollywood in the last ten years. Therefore, if he keeps doing what he does best, acting, his net worth will undoubtedly move towards an upward trajectory. However, how did he make his money?
How Did Robert Downey Earn His Net Worth?
Robert Downey Jr. is the son of Robert Downey, an actor, writer, and director. His mother, Elsie Ann Downey, was an actress. Unfortunately, the parents divorced, and Downey Jr. moved to California. Is his money an inheritance from the family? The following are some of the ways through which Robert Downey made his net worth;
Acting is one of the primary sources of Robert’s wealth. He started this career in 1982 after dropping out of high school. In Iron Man, he earned $2.5 million for his lead role. This is because he had a past of drug and substance abuse. He wasn’t a reliable actor at the time. The good thing is that the franchise made him successful in his acting career. The Iron Man movies were a box-office sensation.
Additionally, he made $10 million for Iron Man 2. By the time Iron Man 3 was out and earned backend points, Robert made around $70 million. Nonetheless, Marvel paid him $50 million for the release of The Avengers. His roles in Marvel movies have earned him $345.5 million. His other great earnings are from 2010’s Due Date ($12 million) and 2011’s Sherlock Holmes: A Game of Shadows ($15 million).
The following are some of the movies and comedy films that have allowed Robert Downey Jr. makes a good name for himself;
- Chaplin (1992) Only You (1994)
- Kiss Kiss Bang Bang (2005)
- Iron Man franchise (from 2007)
- The Incredible Hulk (2008)
- Sherlock Holmes (2009) and the later films
- The Avengers (2012)
- Avengers; Age of Ultron (2016)
- Captain America: Civil war (2016)
- Spider-Man Homecoming (2017)
- Avengers: Infinity war (2018)
- Avengers: Endgame (2019)
Interestingly, Robert Jr.’s career in film has earned him awards and nominations. For example, he played a role as Chaplin in 1992, which got him nominated for Best Actor Oscar. He got another nomination for Best Supporting Actor in the Academy Awards for his role in the comedy Tropic Thunder. In 2013, Robert Downey Jr. won the MTV awards.
Additionally, he has won a Golden Globe for Best Supporting Actor for his role in a mini TV series, Ally McBeal. Therefore, acting has earned Robert’s salary and other backend percentages on the profits realized by the movies. The more the film succeeded, the more Robert earned paychecks and backend coins.
Robert Downey has made some good money from his endorsement of OnePlus, a Chinese phone company.
How Does Robert Downey Spend His Money?
With so much money from acting, you may wonder where Robert channels his cash. The following are some of the ways through which he spends his earned money;
Robert Downey is hugely into real estate. After all, he has to set foot in beautiful homes at the end of the day. He owns a Windmill house worth $11.9 million in Hamptons, New York. Furthermore, he has several homes in Los Angeles.
Robert has bought various real estate properties. For example, in 2009, he spent $13.44 million on a 7-acre Malibu estate. Furthermore, he owns a Malibu House worth $4 million and a beachfront home in Manhattan Beach. Additionally, he bought a $4 million home in Santa Monica in 2012.
Robert Downey Jr. also owns a home in the Pacific Palisades worth $2.5 million. He has spent around $40 to $50 million on real estate property.
Robert Downey Jr. owns watches worth millions. Some of these flashy pieces include a Rolex GMT master II Ghost worth $25,000, and a Greubel Forsey GMT Tourbillon watch worth $605,000, among others.
Vintage and Luxury Cars
The star’s money also goes to buying his unique cars. Robert Downey Jr.’s garage has a 1965 Chevrolet and a customized Ford Mustang. His luxury car collections include a Bentley, Audi A8 and A7, Corvette, Porsche, and Mercedes Benz Pagoda.
Pair of Kicks
Robert Downey Jr has a fantastic shoe collection. The Hollywood celeb once showed up in a pair of Givenchy sneakers worth $ 1,945 for his 50th birthday.
Robert Downey donates a portion of his earnings to different charity programs.
Bail and Rehabilitation Programs
Robert Downey has had downsides in his life. He has had issues with drugs, from drinking too much and getting out of control to having cocaine, marijuana, and heroin more than once. These have led him to the wrong side of the law, landing him in jail on some occasions.
In 1997, he was jailed for six months. Another arrest soon followed, and he was in prison for three years. After serving for a year, he managed to post a $5,000 bail which went through, and he was released earlier. Later, he was again arrested for intoxication and having valium and cocaine. This actor has been in rehabilitation programs and on probation for years.
Thankfully, he managed to make a comeback to his acting career. Notably, getting hired back in the industry took a lot of work. However, thanks to Mel Gibson, his friend from the days of Air America, Robert Downey Jr., managed to get his career started all over.
Robert Downey Jr. was born into acting; both parents were in the industry. He has had several starring roles. The most popular of these is Iron Man. He has undoubtedly made good money from Marvel. His net worth as of December 2022 stands at $300 million. Unfortunately, he has had several legal issues and served several years in prison due to substance abuse. This nearly cost him his acting career. However, he has made a comeback in the industry ad is doing great for himself. He spends his money on real estate, great rides, timepieces, and nice pairs of kicks.