Lou Diamond Phillips Net Worth 2022 – How Did He Get Rich? Exposed!

Lou Diamond Phillips Net Worth

Lou Diamond Phillips has an estimated net worth of $6 Million. He is an actor best known for his his work in films such as ‘La Bamba,’ ‘Stand and Deliver’ and ‘Young Guns.’ He earned the majority of his income from movies and TV shows. 

Lou Diamond Philips rose to fame in the late 1980s with a string of hit films, including La Bamba, Stand and Deliver, and Young Guns, after being born on a military base in the Philippines. After a string of flops in the early 1990s, Philips received a Tony nomination for his work in the Broadway production of The King and I. He continues to appear on television and play competitive poker.

To calculate the net worth of Lou Diamond Phillips, 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: Lou Diamond Phillips
Net Worth: $6 Million
Monthly Salary: $40 Thousand+
Annual Income: $500 Thousand+
Source of Wealth: Actor, Television Director, Film director, Songwriter, Screenwriter

Movies and TV Roles

‘La Bamba’

Phillips remained active in the theater after college, appearing in a variety of productions at Fort Worth’s Stage West Theatre. Phillips’ big break in Hollywood came in 1987, when he starred in La Bamba. In this biopic turned cult hit, the actor played ill-fated rocker Ritchie Valens in perhaps his most beloved performance. Phillips rose to prominence as one of Hollywood’s most promising young actors seemingly out of nowhere.

‘Stand and Deliver,’ ‘Young Guns’

Before La Bamba, Phillips had completed Stand and Deliver (1988), in which he played a gang member whose life is changed by a tenacious and caring math teacher (played by Edward James Olmos). Phillips’ riveting performance earned him a Golden Globe nomination for Best Supporting Actor. Phillips played another outlaw in Young Guns the same year, joining a cast of young Hollywood heartthrobs that included Kiefer Sutherland, Charlie Sheen, and Emilio Estevez. Phillips would return in Young Guns II, the film’s less commercially successful sequel, in 1990.

‘Courage Under Fire’

After a three-year winning streak, the Texas actor encountered financial difficulties in the early 1990s. He appeared in a string of mediocre films, including Harley (1991), Shadow of the Wolf (1992), and Sioux City (1993). (1994). Phillips was pleased to return to box office success after this dry run with his supporting role in Courage Under Fire (1996), starring Denzel Washington and Meg Ryan.

Phillips returned to the stage in 1995, making his Broadway debut as the King in the 1996 production of The King and I. This shift in focus earned the actor both a Tony Award nomination and a Theatre World Award. His unexpected mid-career change caused some consternation, but Phillips saw it as emblematic of his range as an actor, noting, “Hollywood will, in a sense, put you in a box. Some may have seen you in La Bamba or another dramatic film and thought, OK, that’s what Lou does. But they have no idea what kind of range or diversity I can bring to a project.”

’24’

No one was surprised when Phillips made the transition from stage to Hollywood and back again. Phillips appeared in two episodes of the popular TV action drama 24 with his old friend Kiefer Sutherland in 2001.

Phillips described what happened: “The people at 24 called and said, ‘Listen, we don’t have a script yet, but the episodes will revolve around Kiefer Sutherland, Dennis Hopper, and a role that we’d like you to play.’ That was all I needed to know. So I called Kiefer’s cell phone on the set and said, ‘Listen man, they want me to come on the show.’ ‘Is that okay with you?’ ‘Yeah, c’mon, let’s go!’ he said.”

Reality TV, ‘Longmire,’ ’33’

Phillips later appeared on television shows such as Numb3rs and Stargate Universe. He also participated in the reality TV craze, appearing on — and winning — I’m a Celebrity… Rachael vs. Guy: Celebrity Cook-Off and Get Me Outta Here.

Recent efforts have resulted in roles on the television shows Longmire and Blindspot. Phillips has also continued to work in film, most recently in the 2015 drama The 33, which is based on the 2010 Chilean mining accident that trapped 33 workers underground. Phillips has also appeared in The Ranch on Netflix, Brooklyn Nine-Nine, Criminal Minds, and Goliath on Amazon.

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Poker Player

Phillips enjoys a good game of poker when he is not auditioning for his next role. Though he had been playing since college, the actor took the game seriously in 2009 when he entered the California State Poker Championship, finishing 31st out of 403 competitors. Phillips went on to win over $30,000 at the World Series of Poker in Las Vegas after a successful first foray into competitive card playing.

Spouses and Children

Phillips met Julie Cypher, who became his first wife, while working on the film Trespasses (1986). He was briefly engaged to actress Jennifer Tilly after they divorced in 1990. He married Kelly Preston (not the famous actress of the same name) in 1994, and the couple had three children: twins Isabella and Grace, and Lili, his younger sister. Despite the fact that the couple separated in 2004, they did not divorce until 2007, by which time Phillips had begun dating Yvonne Boismier. When his divorce was finalized, the two married and had a daughter, Indigo Sanara, soon after.

Diverse Background

Lou Diamond Phillips has played characters of various ethnicities and has frequently resisted being labeled as one of them. His diverse background (Hispanic, Scottish-Irish, Asian, Cherokee) has assisted him in avoiding stereotypes.

While he recognizes that he has been fortunate to be cast in a variety of roles, he hasn’t forgotten how much harder it used to be. Phillips ran into Sidney Poitier one night in a Hollywood restaurant and thanked him for paving the way for leading men of color. He remembered the famous actor’s response fondly: “‘Lou, you’re a leading man because you’re a good actor,’ said Sidney Poitier, the epitome of class. My eyes welled up with tears.”

Early Life

Lou Diamond Phillips was born on February 17, 1962, at the Subic Bay Naval Station in the Philippines, to Lucita Aranas (of Filipino descent) and Gerald Upchurch, an American naval officer (Scottish, Irish descent). The young actor was eventually adopted by his mother’s second husband, who gave him the surname Phillips.

Despite growing up in a small town in Texas, Lou Diamond Phillips had stars in his eyes from a young age. He turned down the opportunity to attend Yale in favor of attending the local University of Texas at Arlington, where he earned a Bachelor of Fine Arts in drama. He participated in drama club productions as well as a local comedy troupe. Phillips, eager to break out of the small-town drama scene, took advantage of any opportunities that came his way. When idols (such as Robert De Niro) passed through nearby Dallas, the rising star would often go to great lengths to meet them.

Further Reading

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