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Michael Douglas Net Worth: $350M.
Who is Michael Douglas?
Michael Douglas is an American actor, producer and director and his net worth is $350M.
He is known for starring in multiple high profile films throughout his career.
Some of the most well known are The China Syndrome” (1979), “Romancing the Stone” (1984), “A Chorus Line” (1985), “The Jewel of the Nile” (1985), “Basic Instinct” (1992), “Wonder Boys” (2000), and “Traffic” (2000).
The Early Years
Douglas was born in New Brunswick, New Jersey, the first child of actors Kirk Douglas (1916–2020) and Diana Dill (1923–2015). His parents met at the American Academy of Dramatic Arts.
His father was Jewish and was born Issur Danielovitch. Michael’s paternal grandparents were emigrants from Chavusy (now in Belarus, then part of the Russian Empire).
His mother was from Devonshire Parish, Bermuda, and had English, Irish, Scottish, Welsh, French, Belgian, and Dutch ancestry.
Douglas’s uncle was politician Sir Nicholas Bayard Dill, and Douglas’s maternal grandfather, Lieutenant-Colonel Thomas Melville Dill, served as Attorney General of Bermuda, as a Member of the Parliament of Bermuda (MCP), and as commanding officer of the Bermuda Militia Artillery.
Douglas has a younger brother, Joel Douglas (born 1947), and two paternal half-brothers, Peter Douglas (born 1955) and Eric Douglas (1958–2004), from stepmother Anne Buydens.
Douglas attended The Allen-Stevenson School in New York City, Eaglebrook School in Deerfield, Massachusetts, and The Choate Preparatory School (now Choate Rosemary Hall) in Wallingford, Connecticut.
He received his B.A. in drama from the University of California, Santa Barbara in 1968, where he was also the Honorary President of the UCSB Alumni Association.
He studied acting with Wynn Handman at The American Place Theatre in New York City.
Douglas’s first television role came in 1969 on the CBS-TV special “The Experiment”.
The late 1960s was also when he started his film career, with appearances in films like “Hail, Hero!” (1969). For his performance in “Hail, Hero!”, he actually received a Golden Globe nomination for Most Promising Male Newcomer.
A key moment of his early career came when he was cast in the television series “The Streets of San Francisco”, which he appeared on from 1972 to 1976.
On the show, he starred alongside Karl Malden, who became an important mentor to him. They would continue to share a close relationship until Malden’s death in 2009.
His father gave him the rights to the novel “One Flew Over the Cuckoo’s Nest”, by Ken Kesey, in 1975. Douglas took this opportunity and produced a film of the same name, along with co-producer Saul Zaentz.
For his work on the film, Douglas won the Academy Award for Best Picture. Following his departure from “The Streets of San Francisco”, Douglas went on to appear in the films “Coma” (1978) and “Running” (1979).
He also produced and starred in the drama “The China Syndrome” (1979), alongside Jane Fonda and Jack Lemmon.
He continued his success with the romantic adventure comedy “Romancing the Stone” (1984), which he both produced and starred in, and its 1985 sequel “The Jewel of the Nile”.
Other popular and successful films he starred in from this period include the thriller “Fatal Attraction” (1987) alongside Glenn Close, “The War of the Roses” (1989) with Kathleen Turner and Danny DeVito, and “Black Rain” (1989) with Andy Garcia and Kate Capshaw.
He also starred as Gordon Gekko in “Wall Street”, directed by Oliver Stone. For his performance as Gekko, he received an Academy Award as Best Actor.
In 2010, he returned to the role of Gekko in the long-awaited sequel film, “Wall Street: Money Never Sleeps”, which was also directed by Stone.
Douglas starred in the 1989 film The War of the Roses, which also starred Kathleen Turner and Danny DeVito.
In 1989 he starred in Ridley Scott’s international police crime drama Black Rain opposite Andy García and Kate Capshaw; the film was shot in Osaka, Japan. In 1990, he started Stonebridge Entertainment.
In 1992, Douglas had another successful starring role when he appeared alongside Sharon Stone in the film Basic Instinct.
The movie was a box office hit, and sparked controversy over its depictions of bisexuality and lesbianism.
In 1994 Douglas and Demi Moore starred in the hit movie Disclosure focusing on the topic of sexual harassment with Douglas playing a man harassed by his new female boss.
Other popular films he starred in during the decade were Falling Down, The American President, The Ghost and the Darkness, The Game (directed by David Fincher), and a remake of Alfred Hitchcock’s classic – Dial M for Murder – titled A Perfect Murder.
In 1998 Douglas received the Crystal Globe award for outstanding artistic contribution to world cinema at the Karlovy Vary International Film Festival.
In 2000, Douglas starred in Steven Soderbergh’s critically acclaimed film Traffic, opposite Benicio del Toro and future wife, Catherine Zeta-Jones.
That same year he also received critical acclaim for his role in Wonder Boys, as a professor and novelist suffering from writer’s block.
He was nominated for a Golden Globe Award for Best Actor in a Drama and for the BAFTA Award for Best Actor in a Leading Role.
He has also appeared in the Marvel Cinematic Universe as the character Hank Pym, in the Marvel films “Ant-Man” (2015), “Ant-Man and the Wasp” (2018), and “Avengers: Endgame” (2019).
Over the course of his career, Douglas has received many awards and accolades. These include two Academy Awards, five Golden Globe Awards, a Primetime Emmy Award, the Cecil B. DeMille Award, and the AFI Life Achievement Award.
He also received the Genesis Prize in 2015, from the Genesis Prize Foundation.
He announced his intent to donate the $1 million prize towards initiatives that promote more inclusion and diversity in Jewish life.
As an actor Michael Douglas has earned hundreds of millions of dollars in base movie salaries. He has also earned significant paydays as a producer.
Some of the most notable acting paydays include, $15 million for “Basic Instinct”, $15 million for “The American President”, $20 million for “The Game”, $20 million for “A Perfect Murder”, $5 million for “Wonder Boys” and $10 million for “Traffic”.
Douglas owns a valuable real estate portfolio with assets around the globe.
One of his most impressive properties is a 250-acre estate on the coast of Spain called S’Estaca, which he bought in 1990 for $3.5 million (about $6M in today’s money).
At one point in 2014, he listed the property for sale for $60 million but did not find a buyer. In June 2019 he re-listed it for $32 million. It is legally co-owned by Michael’s ex-wife Diandra. In the end, they removed the property from the market.
He previously owned a 13-acre property in NY’s Westchester County. He bought the property in 2015 for $11.3 million and sold it in 2019 for $20.5 million.
During the same time of the sale he paid $4.5 million for an 11,000 square-foot home on 12-acres in Irvington, New York.
He also owns a large large apartment in New York City with impressive views of Central Park.
In June 2019 Michael listed a long-time home in Bermuda for $10.6 million, ultimately taking it off the market.
Top 5 Michael Douglas Quotes
If a deal looks too good to be true, it probably is. – Michael Douglas
I enjoy provocative things that are questionable. – Michael Douglas
Learning patience was not an easy lesson. – Michael Douglas
I try not to dwell too much on a bad marriage. – Michael Douglas
Capitalism is part of our system, but it’s not for the faint of heart. – Michael Douglas
Michael Douglas is an American actor, producer and director and his net worth stands at $350M.
He is well known for starring in a host of high profile films such as “Basic Instinct” (1992), “Wonder Boys” (2000), and “Traffic” (2000).
As of 2021, Michael Douglas net worth is $350M.
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