Dean Martin Net Worth at Death – How Did He Get Rich?

Dean Martin Net Worth 

Dean Martin had an estimated net worth of $30 million at the time of his death. Actor, singer Dean Martin starred in several films with Jerry Lewis and belonged to the “Rat Pack,” which included Frank Sinatra and Sammy Davis, Jr. He earned the majority of his income from album sales, concerts and movies. 

Dean Martin performed in nightclubs and got a contract with MCA to sing in New York City. There he met Jerry Lewis, with whom he formed a long-standing comedy partnership in radio, television and film. The team split in 1956 and Martin joined the Rat Pack, which also included Frank Sinatra, Sammy Davis Jr, Joey Bishop and Peter Lawford, and performed in Las Vegas in stage shows and film.

To calculate the net worth of Dean Martin, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Dean Martin
Net Worth: $30 Million
Monthly Salary: $1 Million
Annual Income: $8 Million
Source of Wealth: Singer, Comedian, Actor, Professional Boxer, Musician, Songwriter, Film Producer, Presenter, Radio personality, Businessperson

Early Life

Dean Martin was born Dino Paul Crocetti on June 7, 1917 in Steubenville, Ohio. Martin Crocetti was the youngest of two sons born to Italian immigrants, the oldest being Bill Crocetti. He attended Grant Elementary School in Steubenville, Ohio, and began playing the drums as a teenager.

Martin worked odd jobs after dropping out of Steubenville High School in the tenth grade, including a part-time job as an amateur welterweight boxer under the alias “Kid Crochet.” Martin was also involved in illegal activities such as driving liquor across state lines during prohibition, selling lottery tickets, acting as a bookie, and working as a card dealer and croupier in local gambling establishments.

Start in Show Business

Martin began his career in show business at the age of 17, singing in Ohio nightclubs near his hometown. During a stint with the Ernie McKay band, Cleveland bandleader Sammy Watkins noticed him and hired him as the band’s featured vocalist. He began touring with Watkins in 1938 and changed his name to Dean Martin in 1940.

Martin signed an exclusive contract with MCA in September 1943 to sing at New York’s Riobamba Room, and in 1944, he was given his own 15-minute radio program, Songs by Dean Martin, which was broadcast from New York City. In 1946, he signed a contract with Diamond Records and recorded four songs.

Meeting Jerry Lewis

Martin met Jerry Lewis during a club appearance in 1946, and the two began joking around with each other during their respective acts. Martin played the straight man to Lewis’ clown in their 1947 collaboration. In 1949, NBC broadcast a regular 30-minute radio program featuring the pair, and they made their television debut in 1950 on the Colgate Comedy Hour. Between 1949 and 1956, the immensely popular Martin and Lewis team collaborated on 16 films.

Martin and Lewis last performed together on July 24, 1956, at the Copacabana in New York. They split up after ten years as a team due to creative differences. Fans of the famous comedy duo, according to biographical writer Neil Daniels, “looked at them as if they were a married couple When the breakup occurred, it was like a sudden divorce, and I believe it shocked everyone. Because they believed Martin and Lewis would last forever.”

Martin resumed his singing career after striking out on his own, recording hit records for Capitol including “That’s Amore,” “Memories Are Made of This,” “When You’re Smiling,” and “Oh Marie.” Martin also resumed acting in films, and in 1958, he received critical acclaim for his performance in The Young Lions alongside Montgomery Clift and Marlon Brando.

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The Rat Pack

At this time, Martin began performing in Las Vegas with a group of close friends who were members of the legendary Hollywood clique known as the Rat Pack. The group, which included Martin, Frank Sinatra, Sammy Davis Jr, Joey Bishop and Peter Lawford, epitomized the high life, booze, women and bright lights of Las Vegas, but soon branched out from Vegas to film. The Rat Pack appeared as an ensemble in the crook movie Ocean’s Eleven (1960), followed by Sergeants Three (1962) and Robin and the Seven Hoods (1964).

Martin appeared in a total of 51 films, including Some Came Running (1958) with Shirley MacLaine and Sinatra, Bells Are Ringing (1960) with Judy Holliday, Rio Bravo (1959) with John Wayne, Toys in the Attic, (1963), Airport (1970), Cannonball Run (1981) and Cannonball Run II (1984).

‘The Dean Martin Show’

Martin left Capitol Records in 1962 and signed with Reprise. In 1964, he recorded his smash hit “Everybody Loves Somebody,” which dethroned the Beatles as the No. 1 song in America for one week. It became the theme song for The Dean Martin Show, his television variety show that aired on NBC for eight years beginning in 1965.

Martin’s next show, The Dean Martin Comedy Hour, aired from 1973 to 1974. Martin’s comedic portrayal of life as an alcoholic lush was an indelible part of his TV “schtick,” which many people didn’t realize was just an act. Martin is remembered for saying, “Among his comedic quotes about alcohol,” “I feel sorry for those who do not consume alcohol. They wake up in the morning feeling the best they’ll feel all day.”

Personal Life and Children

Martin married three times, the first time on October 2, 1941, to Elizabeth Anne McDonald. Stephen (Craig) was born on June 29, 1942; Claudia was born on March 16, 1944; Barbara (Gail) was born on April 11, 1945; and Deana (Dina) was born on August 19, 1948. On September 1, 1949, he married his second wife, Jeanne Biegger, and they had three children: Dino Paul Jr., born on November 17, 1951; Ricci James, born on September 20, 1953; and Gina Caroline, born on December 20, 1956. Martin married his third wife, Catherine Mae Hawn, in 1973 and had a daughter named Sasha. His marriage to Hawn ended in divorce in 1976.

Death and Legacy

Dino Jr., Martin’s son, was killed in a plane crash during a military training exercise in 1987, and Martin suffered a tragic loss. He left show business after a concert tour with fellow Rat Packers Davis Jr. and Sinatra in 1988-89, which ended when Martin fell ill and was replaced by Liza Minnelli for the remainder of the tour.

Martin died on Christmas morning, 1995, in Beverly Hills, California, of acute respiratory failure at the age of 78. Martin is now regarded as a legendary screen and stage performer, best known for his comedic collaboration with Lewis and his participation in the iconic Rat Pack.

Further Reading

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How To Become Rich Like Dean Martin?

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