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$250 Million Net Worth of Morgan Freeman - How He Spends His Money?

aisha Published On Sat Apr 18 2020   Modified On Sat Apr 18 2020
$250 Million Net Worth of Morgan Freeman - How He Spends His Money?

Morgan Porterfield Freeman aka Morgan Freeman has earned a massive net worth of $250 million. Freemans' major source of income is from his contribution to the entertainment world. 

Since July 2019, The Oscar Award Winner has been ranked as seventh-highest box office star as his total box office gross is $4.57 billion. So, on average he has made $71.5 million per film.

Turned His 124-Acre Ranch into Honeybee Sanctuary

In 2014, Freeman turned his 124-acre ranch into a honeybee sanctuary to save and preserve wild bees for healthy environments. He has now become a beekeeper and said the beekeeping has become Freemans' new hobby. 

Picture of Morgan Freeman 124-Acre Ranch which he turned into Honeybee Sanctuary.
Picture of Morgan Freeman 124-Acre Ranch which he turned into Honeybee Sanctuary.
Image Source: Ozzy Man

Owns Three Private Jet

Freeman owns three private jet and aircraft and also has earned his private pilot's license. He owns a Cessna Citation 501 jet and a Cessna 414 twin-engine prop. In 2017, he bought an Emivest SJ30 long-range private jet. 

Highest Grossed Movies

Freeman has appeared in more than 100 movies but his highest grossed movie among them is The Dark Knight Rises. He played the role of Lucius Fox alongside Christian Bale, Michael Caine, Katie Holmes, and others in the movie. 

Morgan Freeman with Christian Bale in The Dark Knight Rises.
Morgan Freeman with Christian Bale in The Dark Knight Rises.
Image Source: Sondakika

The sequel of batman was made on a budget of $250 million while it made a huge profit of $1.08 billion. Similarly his other movie The Dark Knight also crossed box office by making a total collection of $1.00 billion from its worldwide collection.

Earning from Movies

Nelson Mandela from Invictus has appeared in several movies and has made his huge worth from it. In 1997, Freeman got a whopping salary of $5 million from the movie Kiss the Girls as Dr. Alex Cross. 

It was reported that Freeman earned $30 million from his five movies like 'The Magic of Belle Isle', 'The Dark Knight Rises', 'Now You See Me', 'Olympus Has Fallen', and 'Oblivion'. Then 2012, he earned $12 million from two movies The Magic of Belle Isle and The Dark Knight Rises.

Earning From Voice Acting 

Freeman is also known for his work as a narrator in several movies, documentary, and video games. According to Hollywood insiders, Hoke Colburn from Driving Miss Daisy's actor earns up to 1 million to $2 million as his salary for a voice actor.

He has done voice-over for 13 movies and television series documentary and some of them are Alpha, The Civil War, War of the Worlds, and others.

Lost Endorsement Deal Because Of Sexual Allegation 

On May 24, 2018, Morgan Freeman was accused by eight women for sexual harassment in the movie set or while promoting it against him. The Angel Has Fallen actor was an advertising credit card company, Visa and municipal transit system. 

A picture of Morgan Freeman.
A picture of Morgan Freeman who was accused by eight women for sexual harassment.
Image Source: 

But after the allegation of sexual harassment, the Visa company suspended his promotional material and campaign with Freeman. they also stopped airing his commercial where he was the narrator.

Donated $1 million for Barack Obama's Campaign

Professor Norman from Lucy has endorsed Barack Obama candidacy for the 2008 presidential election. He donated $1 million for Obama's Super PAC Priorities USA Action in his campaign.

Freeman also supports 21 Charities and foundations which are Oceana, Playing for Change, Red Cross, and others.

Biggest Divorce Settlement Ever

Freeman has been married twice in his to Jeanette Adair Bradshaw and Myrna Colley-Lee in his life but his second marriage was quite inconvenient. As his second wife, Myrna Colley-Lee with whom they were married for 26 years got a huge divorce settlement of $400 million.

Morgan Freeman with his ex-wife Myrna Colley-Lee.
Morgan Freeman with his ex-wife Myrna Colley-Lee.
Image Source: NY Daily News

At first Colley-Lee got $170 million but later she was able to get $400 million which became the fifth-highest divorce settlement. She also got the $7 million house in the British Virgin Islands, an apartment in Los Angeles. 

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