Eddie Murphy Net Worth 2022 – How Did He Get Rich? Exposed!

Eddie Murphy Net Worth

Eddie Murphy has an estimated net worth of $200 MillionActor and comedian Eddie Murphy began doing stand-up as a teenager. He became a popular ‘Saturday Night Live’ cast member and starred in several box-office hits. He earned the majority of his income from movies and TV shows.

As a teenager, Eddie Murphy began performing stand-up comedy and later joined the cast of Saturday Night Live. Murphy co-starred in 48 Hours with Nick Nolte when he was 21 years old, and he went on to have box office success with Trading Places, Beverly Hills Cop, Coming to America, The Nutty Professor, and Shrek. He still appears in a variety of films, including comedies, dramas, and family films.

To calculate the net worth of Eddie Murphy, 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 loans and personal debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Eddie Murphy
Net Worth: $200 Million
Monthly Salary: $1 Million+
Annual Income: $15 Million+
Source of Wealth: Actor, Singer, Musician, Television producer, Screenwriter, Voice Actor, Film Producer, Film director, Stand-up comedian, Comedian

Early Life

Eddie Regan Murphy was born in Brooklyn, New York on April 3, 1961. His childhood was spent in the Bushwick projects with his father, Charles, a New York City police officer and amateur comedian, his mother, Lillian, a telephone operator, and his brother, Charles. His parents divorced when he was three years old; five years later, his father died and his mother was hospitalized for an extended period of time.

Murphy’s mother married Vernon Lynch, a foreman at a Breyer’s ice cream factory, when he was nine years old, and the family relocated to the predominantly African American Long Island suburb of Roosevelt. Murphy grew up watching a lot of television and developed a great talent for impressions, portraying characters such as Bugs Bunny, Bullwinkle, and Sylvester the Cat. “My mother claims I never spoke in my own voice,” Murphy explained later.

Murphy, despite never being a dedicated student, found a great outlet for his verbal agility in elementary school, excelling in the popular game of “ranking” — trading witty insults with classmates. Murphy, then 15, was hosting a talent show at the Roosevelt Youth Center when he surprised his young audience with an Al Green impersonation. This early success sparked Murphy’s interest in the entertainment industry, and he began working on his comedy routines after school and performing stand-up at local bars, clubs, and “gong shows.” Murphy’s schoolwork suffered as a result, and he had to repeat the 10th grade.

He graduated only a few months late by doubling up on classes and attending summer and night school. Murphy was voted the “most popular” boy in his class. His stated career goal is to be a comedian.

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Mainstream Success, ‘SNL’ Cast Member

Murphy, in response to his mother’s pleas, enrolled in Nassau Community College after high school and worked part-time as a shoe store clerk. He continued to perform in local clubs and eventually made his way into New York City venues such as the Comic Strip, where he billed himself as a disciple of the great comedian Richard Pryor.

Despite his raunchy, profanity-laced routines, Murphy avoided drinking, smoking, and drugs, and later told Barbara Walters, “I don’t have to sniff cocaine to make me funny.”

Murphy jumped at the chance when he learned that the producers of the popular late-night comedy show Saturday Night Live were looking for a Black cast member for the 1980-81 season. He auditioned for the part six times before being cast as an extra on the show.

Murphy appeared on and off throughout the season, until one fateful night when producers realized they only had four minutes of airtime left and no material. They pushed Murphy in front of the camera and instructed him to perform his stand-up routine. Rolling Stone called his improvised performance “masterful,” and Murphy was one of only two cast members (along with Joe Piscopo) asked to return for the next season.

Murphy established himself as Saturday Night Live’s most memorable comedic presence, creating memorable characters such as Mister Robinson, an urban version of TV’s Mister Rogers; Buckwheat, an older version of the Little Rascals character; and Tyrone Green, an illiterate convict and poet. He also continued his impressive impersonations, including Bill Cosby, Muhammad Ali, James Brown, Jerry Lewis, and Stevie Wonder. Murphy was chastised for his satirical portrayals of Black people based on stereotypes. He defended his characters, claiming that they were far too absurd and abstract to be taken seriously.

Movies

’48 Hours’

Murphy received a Grammy nomination in 1982 for Eddie Murphy: Comedian, a live album of new stand-up material. The album eventually went platinum. That same year, at the age of 21, he landed his first major motion picture role in 48 Hours, alongside Nick Nolte. He approached the role with confidence and ingenuity, persuading director Walter Hill to change some of the dialogue to more accurately portray a Black speaker. His endearing and inspired performance as the quick-witted convict stole the show, and 48 Hours grossed more than $5 million in its first week.

‘Trading Places’

Murphy’s success was followed by the 1930s-style farce Trading Places (1983). Murphy’s street-wise Billy Ray Valentine, who co-stars with fellow SNL alum Dan Aykroyd, becomes the victim, then the victor, of two Wall Street moguls’ short-sighted bet. Following that, Paramount Pictures signed the 23-year-old to a $25 million contract for six films.

‘Beverly Hills Cop’ Franchise

Beverly Hills Cop (1984), Murphy’s next film, debuted at No. 9 on the list of all-time box-office hits. He was cast in the role of bad boy/good cop Axel Foley, which was originally intended for Sylvester Stallone. His performance was a fan favorite, earning him a Golden Globe nomination. Murphy went on to direct Beverly Hills Cop II in 1987, which received mixed reviews from critics but was a box office success. Other films from this era, such as The Golden Child (1986) and his directorial debut, Harlem Nights (1989), were deemed failures by critics and audiences alike.

‘Coming to America’

Coming to America (1988), co-starring Arsenio Hall, was a high point in his career at the time. Both Murphy and Hall were able to demonstrate their comedic versatility in the film by playing multiple characters. Murphy’s performances were well received by audiences, and the film became a box-office success, grossing more than $128 million in the United States alone.

Murphy appeared in Another 48 Hours, a sequel to 48 Hours, in 1990. Murphy decided to leave the Hollywood scene after the second film did not meet the same expectations as the first.

‘Boomerang’

In Boomerang, co-starring Halle Berry, he returned as a smooth, impeccably dressed bachelor. Although the film received mixed reviews, many critics thought Murphy’s performance as a romantic lead was a step in the right direction. Following the success of the film, he directed Beverly Hills Cop III (1994) and Vampire in Brooklyn (1995), both of which were box office flops.

‘The Nutty Professor’

Murphy rediscovered his love for outrageous comedic invention in a hit remake of Jerry Lewis’s The Nutty Professor in 1996. Murphy was nominated for a Golden Globe and won an Academy of Science Fiction, Fantasy, and Horror Films Award for his performance in the film.

Murphy received some unfavorable publicity in May 1997 when he was discovered with a transsexual prostitute by Los Angeles police. He claimed he was simply looking for a ride for the prostitute. Regardless, the incident made him the target of jokes.

‘Mulan,’ ‘Doctor Doolittle’ and ‘Bowfinger’

Despite his personal scandal, Murphy went on to appear in a number of family films. He was widely praised for his performance as Mushu the Lizard in Disney’s animated film Mulan (1998), and he also appeared alongside several animals in Doctor Doolittle (1998). Murphy co-starred in the comedy Bowfinger with Steve Martin, who also wrote the screenplay, in 1999, and the following year, he played all six lead characters in Nutty Professor II: The Klumps. During this time, he also played Superintendent Thurgood Stubbs on the animated show The PJs, which he also executive produced.

‘Shrek’ and ‘Daddy Day Care’

Murphy had two more big box-office successes in the summer of 2001, starring in Dr. Doolittle 2 and lending his voice to the character of Donkey in the animated film Shrek, which also starred Mike Myers and Cameron Diaz. Murphy appeared in another family comedy, Daddy Day Care, in 2003, as an overworked babysitter. The following year, he resurrected Donkey for the smash hit Shrek 2.

‘Dreamgirls,’ ‘Norbit’ and ‘Tower Heist’

Murphy signed on for what was arguably his most difficult film to date, a screen adaptation of the Broadway musical Dreamgirls, starring Jennifer Hudson, in 2006. His portrayal of soul singer James “Thunder” Early earned him a Golden Globe nomination as well as an Academy Award nomination. The actor quickly returned to comedic roles in 2007’s Norbit and Shrek the Third. Murphy starred in the comedy Tower Heist with Ben Stiller and Casey Affleck in 2011, and in the flop A Thousand Words two years later.

‘Mr. Church’ and ‘Dolemite Is My Name’

Murphy, who appears to be more selective in his casting choices, returned to the big screen in 2016 as the mysterious titular character of Mr. Church. This drama received mostly negative reviews, though Murphy’s performance was praised. Three years later, he reappeared in Dolemite Is My Name, a biopic of comedian Rudy Ray Moore.

Music

Taking advantage of his popularity, Murphy released his first musical album, How Could It Be?, in 1985, which was produced by industry legend Rick James. The album’s first single, “Party All the Time,” peaked at No. 2 on the Billboard Hot 100. Murphy’s subsequent albums, So Happy (1989) and Love’s Alright (1993), both of which featured a collaboration with Michael Jackson on the single “Whatzupwitu,” did not fare as well as his debut.

Wife, Children and Relationships

On March 18, 1993, Murphy married Nicole Mitchell. Bria, Myles, Shayne, Zola, and Bella are their five children. On April 17, 2006, the couple divorced. Murphy began dating Spice Girls singer Melanie Brown that year. Brown gave birth to a daughter, Angel, on April 3, 2007, whom she claimed was Murphy’s child. Murphy questioned Angel’s paternity, but a DNA test confirmed it.

Murphy married Tracey Edmonds, the ex-wife of Kenneth “Babyface” Edmonds, on New Year’s Day 2008 in Bora Bora. Murphy and Edmonds planned to renew their vows on American soil because the private ceremony was not legally binding. However, the couple announced in a statement that they had decided to forego a legal ceremony.

Murphy began dating Paige Butcher in 2012, and the couple had a daughter, Izzy, four years later. Murphy and Butcher got engaged in September 2018, shortly after the announcement of another pregnancy. Murphy now has a total of ten children from his relationships after the birth of their son Max in late November.

According to the John F. Kennedy Center for the Performing Arts, Murphy received the Mark Twain Prize for American Humor in 2015, which “recognizes people who have had an impact on American society in ways similar to the distinguished 19th-century novelist and essayist best known as Mark Twain.”

Brother

Murphy’s only sibling and older brother, Chappelle’s Show writer and star Charlie Murphy, died in April 2017 from leukemia. Murphy issued a statement following Charlie’s death, saying, “Our hearts are heavy with the loss today of our son, brother, father, uncle, and friend Charlie.” Charlie filled our family with love and laughter, and his presence will be missed every day.”

Further Reading

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