Tom Cruise was 60 years old when he became a billionaire

Updated on August 03, 2022 14:48 PM by Emily Hazel

What kind of wealth does Tom Cruise possess

You must be willing to spend money to cast a fantastic performer like Tom Cruise. The actor must be extremely wealthy, given that he has been an A-List star for 40 years. At this age, he became a billionaire.

Among other media sources, Forbes and Celebrity Net Worth estimate the actor's wealth to be more than $600 million. He is one of the world's wealthiest actors—a billionaire at 60. His success points us in one direction: Hollywood.

Thanks to his blockbuster movies and effective marketing strategies, Tom Cruise has remained devoted to the American film industry and collected hundreds of millions of dollars.

Tom Cruise's Box office game

Tom Cruise's films have brought in more than $9 billion globally, creating wealth. His highest-grossing movie is "Mission: Impossible - Fallout" (2018), which brought in 791 million at the box office. No doubt Tom is a billionaire today.

Cruise's relationship with Hollywood has been one of the most fruitful in history and appears to be still going strong. Let's examine the beginning of this lengthy and productive relationship. In 1981, Tom Cruise had just landed his first significant movie role. It was titled "Taps," and the actor received a payment of $50,000 for it. He had barely turned 19 when his illustrious professional career began.

At 20, Tom's life changed

Before becoming a producer, Cruise dedicated the 1980s to becoming the aspiring star destined to control Hollywood. Tom Cruise, then age 21, is shown in the photo grinning at the camera in 1983. Everything began with the 1983 film "Risky Business," for which he received $75,000.

It was the actor's first international success. Tom Cruise's income continued to rise from that point on, reaching six figures for the first time with the 1985 film "Legend," which translated to a payment of $500,000 for the actor. Stellar performance: Maverick's first movie to earn him millions of dollars was 1986's "Top Gun." He made $2 million, or 13% of the total revenue for the film.

An interesting interview

His net worth skyrocketed, and in 1994 he signed a 15 million dollar contract to play Lestat de Lioncourt in the vampire film "Interview with the Vampire." With such great warranties, no doubt he is a billionaire.

In 1992, Cruise and Wagner were already well-known, and their first film, "Mission: Impossible," was released in 1996. His movies are the real reason he became a billionaire at 60. In total, it cost 80 million dollars and made 457 million. One of the most lucrative film sagas ever began with "Mission: Impossible," followed by seven other films and several box office records.

For Ethan Hunt, $245 million

For the first three films in the "Mission: Impossible" franchise alone, Cruise earned a total of $245 million thanks to the film's success, including his salary and other revenues. Cruise is depicted in the image portraying Ethan Hunt in "Mission: Impossible" (1996).

A nine-figure wage

Tom Cruise's highest-earning films—each earning $100 million—were the third edition of the "Mission: Impossible" series and Steven Spielberg's "War of the Worlds." At the 2005 "War of the Worlds" premiere, the actor is pictured alongside Katie Holmes.

He must also pay a lot of money

Tom Cruise's financial situation is not perfect. The actor belongs to the Scientology Church, which has a price, as everyone knows. Business Insider claims that Cruise spent an average of $25 million during his time as a Scientologist. The billionaire has to pay a lot.

Divorce is costly

The actor's life includes more than just his faith. The actress has sole custody of Suri, the child she and Cruise share, and the actor is required to provide her $400,000 a year in addition to any additional costs. Despite that, according to Celebrity Net Worth, Tom Cruise's net worth was estimated to be 745 million dollars before the epidemic. The actor still has a 600 million dollar net worth now.

Maverick achievement

The movie "Top Gun: Maverick" made 1.3 billion dollars by July 2022. The film was Tom Cruise's biggest hit since 'War of the Worlds. The movie sure helped Tom's Billionaire segment rise. It's a big thing because Tom Cruise will receive 20% of the first-dollar profit for this movie.

First-dollar gross refers to the fact that the actor will be compensated as soon as the movie theatres begin to profit from the production, as opposed to when the production firms are in the black. So, by the time "Top Gun: Maverick" made $1 billion, Tom Cruise had already earned $120 million, or 20% of the film's overall earnings. Cruise is becoming a billionaire by minutes.

200 million or more

But it doesn't stop there: if the film is licensed to a streaming service, which is very likely, Maverick's character may bring in up to $200 million for Tom Cruise over the following few years. No, and doubt Tom will be a billionaire by 60.

Given these encouraging numbers, Tom Cruise is a candidate to join the billionaire club. Will the new "Mission: Impossible" help him attain this goal? In any case, Tom Cruise's future appears more promising than ever at the age of 60, and he becomes a billionaire.