Eddie Murphy Net Worth

Edward Regan Murphy is an American actor, comedian, writer, producer, and singer who was born on April 3, 1961. From 1980 until 1984, he was a regular cast member of the sketch comedy show Saturday Night Live, where he rose to popularity. Murphy has also performed stand-up comedy and was voted No. 10 on Comedy Central’s list of the 100 Greatest Stand-up Comedians of All Time.

Eddie Murphy’s salary and net worth 

Eddie Murphy is an actor, comedian, producer, and director from the United States. Eddie Murphy is a multi-millionaire with a net worth of $200 million. Eddie Murphy is one of Hollywood’s highest-grossing actors. His films have grossed approximately $7 billion at the worldwide box office as of this writing. He is now the sixth highest-grossing actor in the United States. Eddie was consistently one of the highest-paid performers in the world in the late 1980s, 1990s, and 2000s, making upwards of $20 million per film. Eddie has easily earned over $300 million in pay and backend royalties throughout the course of his career. Eddie was paid $70 million by Netflix in 2019 to perform a series of comedy specials.

Eddie Murphy Net Worth

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Eddie Murphy’s Early Life

Murphy was born and raised in the Bushwick section of Brooklyn, New York City. His mother, Lillian (Laney), worked as a telephone operator, while his father, Charles Edward Murphy (1940–1969), was a transit cop who also dabbled in acting and comedy.

Eddie’s father was murdered when he was eight years old, in 1969. When his mother became ill, he and his older brother Charlie Murphy were placed in foster care. His mother ultimately recovered and married.

Later, he stated:

My parents divorced when I was three, and he died when I was eight, so I have very few recollections… He fell prey to Murphy’s charm (laughs). My father was stabbed by a woman. I never got all of the details. It was meant to be one of those crimes of passion where you say to yourself, “If I can’t have you, no one else will.”

Murphy was eight years old when his single mother became ill, and he and his older brother Charlie spent a year in foster care. Murphy has stated in interviews that his time in foster care influenced the development of his sense of humor. His mother and stepfather Vernon Lynch, an ice cream plant foreman, raised him and his brother in Roosevelt, New York.

After hearing a Richard Pryor comedy album as a teenager, Eddie became infatuated with humor. Bill Cosby was also a big influence on him. Eddie joined the cast of Saturday Night Live when he was 19 years old, in 1980. The sitcom was failing in the ratings at the time, having lost all of its original stars. Eddie was a huge success, propelling the show to new heights. Eddie worked at Saturday Night Live until 1984.

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Eddie Murphy Awards And Recognitions

The John F. Kennedy Center for the Performing Arts awarded Murphy the Mark Twain Prize for American Humor in 2015. For hosting Saturday Night Live in 2020, he got his first Primetime Emmy Award for Outstanding Guest Actor in a Comedy Series. Murphy has three studio albums to his credit, including How Could It Be (1985), So Happy (1989), and Love’s Alright (1990). (1993)

Eddie Murphy’s Salary Highlights

Eddie Murphy net worth

In 1981, Eddie was paid only $4,500 for each episode of Saturday Night Live. His compensation was increased to $30,000 each episode the following year. In 1984, he earned $1 million for the film Best Defense, which was his first large salary. For the first installment of Beverly Hills Cop, he was paid $14 million in 1984. After that, he got $8 million for the sequel to Beverly Hills Cop. The next year, he received another $8 million for Coming to America. He was paid $15 million for Beverly Hills Cop III in 1994, which is around $25 million in today’s money. He made $16 million in 1996 for The Nutty Professor, $17.5 million in 1998 for Doctor Dolittle, and $20 million in 2000 for Nutty Professor II (2000). He also received 20% of the gross receipts for Nutty Professor II, bringing his total earnings from the picture to more than $60 million. Eddie then made $3 million in Shrek (2001), $20 million in Doctor Dolittle 2 (2001), $20 million in The Adventures of Pluto Nash (2002), $10 million in Shrek 2 (2004), $4 million in Shrek Forever (possibly as high as $12 million with backside points), and $7.5 million in Tower Heist (2011).

Eddie made at least $250 million in film pay and backend points alone in the 1980s, 1990s, and early 2000s. As of this writing, his cinematic profits are projected to exceed $300 million.

Netflix Project

Eddie was reportedly in talks to earn $70 million to record a series of Netflix comedy specials in July 2019. That’s a $10 million increase over Dave Chappelle’s three-special agreement, which netted him $60 million. For two specials, Chris Rock made $40 million.

Eddie Murphy Real Estate

Eddie has owned a lot of magnificent residences over the years. Eddie resided in an expensive custom-built mansion in a wealthy gated neighborhood in Granite Bay, California (near Sacramento) in the 1990s. Eddie spent $10 million on a 3.7-acre undeveloped lot in the ultra-exclusive Beverly Hills area of Beverly Park after selling his Granite Bay home. Beverly Park is a gated enclave located at the top of Beverly Hills’ most affluent neighborhood. Stars like Mark Wahlberg, Denzel Washington, Rod Stewart, and Sylvester Stallone, as well as a slew of multi-billionaires, call it home.

Eddie spent untold millions building a brand new 40,000 square-foot mansion after purchasing his lot for $10 million in 2001. There are 32 rooms in the house, including 9 bedrooms and 9 baths. There is a huge pool, tennis court, library, and bowling alley on the grounds. If the mansion were to be put on the market, it would easily get $30-40 million. Eddie’s prior Beverly Hills mansion, which he owned in the 1980s, was marketed for $85 million in 2016 by a subsequent owner.

Eddie bought $15 million for Rooster Cay, a 15-acre private island in the Bahamas, in 2007. He formerly owned Pearl Island, another private island.

By Stephanie Scott

Stephanie Scott is an award-winning journalist and momma to Debbe Scott. She is passionate about quality reporting and writing, as well as servicing women readers. She is most passionate about and likes to learn about new cultures as and when she can.  Stephanie, her daughter, and her husband, Eric Scott, live in New York City.