Morgan Freeman Net Worth
Morgan Freeman has an estimated net worth of $250 Million. Actor Morgan Freeman has appeared in such films as ‘Driving Miss Daisy,’ ‘Glory,’ ‘The Shawshank Redemption,’ and ‘The Dark Knight Trilogy.’ He earns most of his income from his roles in movies.
Morgan Freeman enlisted in the Air Force after graduating from high school to become a fighter pilot. He later realized it wasn’t what he wanted, and thus his acting career began. After years of minor roles and limited success, he began to land major roles and garner critical and popular acclaim. He is now regarded as one of Hollywood’s most respected actors.
To calculate the net worth of Morgan Freeman, 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:
|Net Worth:||$250 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$20 Million per year|
|Source of Wealth:||Actor, Film Producer, Television producer, Voice Actor, Presenter, Film director, Businessperson|
Freeman was born in Memphis, Tennessee on June 1, 1937. Freeman, the youngest of five children born to barber Morgan Porterfield Freeman, Sr. and schoolteacher Mayme Edna, was raised in a low-income home in Chicago and Mississippi. Morgan’s parents, like so many other African Americans struggling under the Jim Crow South, relocated to Chicago to find work not long after he was born. Freeman stayed with his maternal grandmother in Charleston, Mississippi, while his parents looked for work.
When Freeman was six, his grandmother died, and he moved north to be with his mother, who had already divorced her alcoholic husband. They later relocated to Tennessee and then back to Mississippi, where Mayme Edna raised her family in Greenwood.
As a child, Freeman spent a lot of time scraping together enough money to go to the movies, where he developed an early admiration for actors such as Gary Cooper, Spencer Tracy, and Sidney Poitier. It was by chance that Freeman became an actor. He was in junior high school when he was ordered to participate in the school’s drama competition as punishment for pulling a chair from underneath a girl he had a crush on. To his surprise, and probably that of school administrators, the 12-year-old proved to be an instant natural on stage, winning first place in the program.
While Freeman enjoyed acting, his true passion was flying, specifically the idea of becoming a fighter pilot. As a result, after graduating from high school in 1955, Morgan turned down a partial drama scholarship and joined the United States Air Force. The military, on the other hand, proved to be very different from what he had expected. Instead of flying around the skies, Freeman was assigned to work as a mechanic and radar technician on the ground. He also realized he didn’t want to be shooting other people down.
He told AARP Magazine, “I had this very clear epiphany.” “You’re not in love with it; you’re in love with the concept of it.” In 1959, Freeman resigned from the Air Force and relocated to Hollywood to see if he could make it as an actor. It had not been an easy life. He studied acting and struggled to find work. He relocated again in the early 1960s, this time to New York City, where he took on more petty day jobs and nighttime auditions.
Freeman’s big break came in 1967, the same year he married Jeanette Adair Bradshaw, when he landed a part in an all-African American Broadway production of Hello, Dolly! starring Pearl Bailey. Freeman was also in an off-Broadway production of The Nigger Lovers at the time.
In 1971, he gained national attention when he began appearing on The Electric Company, a public television-produced children’s television show aimed at teaching children to read. On a show that featured current and future stars like Rita Moreno, Joan Rivers, and Gene Wilder, Freeman played characters like “Easy Reader,” “Mel Mounds,” and “Count Dracula.”
However, television proved to be a difficult and demanding career for Freeman. Despite some stage work, including a Tony nomination for his performance in The Mighty Gents in the late 1970s, Freeman was unable to break into the film industry. When The Electric Company was canceled in 1976, Freeman saw himself facing an uncertain future. His personal life was also suffering. Long before the show ended, Freeman’s marriage began to fall apart, and he began drinking excessively. In 1979, Freeman and Jeanette divorced.
A year after his divorce, Freeman’s career took off when he was cast as a crazed inmate in Robert Redford’s film Brubaker (1980). However, the steady stream of film work he hoped for did not materialize, and Freeman was forced to return to television for two difficult years as a member of the cast of the soap opera Another World.
For the rest of the decade, Freeman took on roles that brought him some acclaim, but not the big, powerful roles that would garner A-list attention. Among other things, he appeared in Paul Newman’s 1984 film Harry and Son and narrated the TV miniseries The Atlanta Child Murders.
In 1987, Freeman’s fortunes changed when he was cast in the film Street Smart, where he played the volatile pimp Fast Black. Freeman was a huge success in the role, earning him an Oscar nomination for Best Supporting Actor. Pauline Kael, a film critic, even went so far as to ask aloud, “Is Morgan Freeman the greatest American actor?” Two years later, as the kind-hearted but stubborn chauffeur in 1989’s Driving Miss Daisy, Freeman received even more acclaim — a Golden Globe Award for Best Actor and a second Oscar nomination. That same year, he appeared in Edward Zwick’s critically acclaimed drama Glory, about the 54th Massachusetts Infantry Regiment, one of the Civil War’s first recognized African American units. By the 1990s, Freeman’s career was on fire, with roles in big-budget films like The Shawshank Redemption (1994), Seven (1995), and Deep Impact (1998).
With his commanding presence and booming voice, Freeman was an obvious choice to play God in the 2003 comedy Bruce Almighty and its 2007 sequel Evan Almighty.
In 2005, Freeman won an Academy Award for Best Supporting Actor for his performance in Clint Eastwood’s Million Dollar Baby. Later, he reprised his role as Lucius Fox from Batman Begins (2005) in the blockbuster sequels The Dark Knight (2008) and The Dark Knight Rises (2012). He also appeared in Rob Reiner’s The Bucket List (2007) and Bruce Willis‘ action-thriller Red (2010).
Freeman received the Cecil B. DeMille Award for “outstanding contributions to the world of entertainment” at the 2012 Golden Globes.
“I like being eclectic,” he says of his film tastes. “The more diverse the range, the better. I’ve been sucked into a kind of mold of a good guy, which is almost beyond my control. Aside from that, all I want is a good story and an interesting character.”
Freeman’s eloquent, distinct voice lends itself well to narration. His voice can be heard in films such as War of the Worlds and the Oscar-winning documentary March of the Penguins. On the CBS Evening News in 2010, he also replaced Walter Cronkite’s voice to introduce news anchor Katie Couric.
In 2009, Freeman collaborated with Eastwood once more, this time as South African President Nelson Mandela in Invictus, for which he received an Oscar nomination for Best Actor. A few years later, he appeared in the action-thriller Olympus Has Fallen (2013), the sci-fi film Oblivion (2013), the comedy Last Vegas (2013), the science-fiction blockbuster Lucy (2014), and provided voice work for the animated film The Lego Movie (2014). He portrayed the Chief Justice of the United States on the television show Madam Secretary, which he also executive produces, in 2015.
In September of the following year, President Barack Obama awarded Freeman the National Medal of Arts. President Obama stated during the ceremony that Freeman was being honored “for his exceptional performance as an actor, director, and narrator His iconic stage and screen performances have brought to life characters from all walks of life, moving audiences worldwide and influencing countless young artists.”
Freeman played Allan Trumbull again in the 2016 film London Has Fallen and the 2019 film Angel Has Fallen.
While it may be a late-blooming success, he is not bitter about it. “Success will come when it comes,” he says. “I had a 30-year career; a 30-year career is not bad.” I often think I’m lucky I wasn’t a huge success when I was first starting out in the 1970s. I could easily have burned out.”
Freeman co-founded Revelations Entertainment, which includes the online movie distribution company ClickStar, in 1997. He has also started a number of charitable organizations. The Mississippi Delta resident raised funds for Katrina victims not long after the devastating hurricane ripped through the area. Freeman’s group has donated millions to educational programs through the Rock River Foundation, which he founded. In 2004, he assisted in the organization of relief funds for hurricane victims in Grenada. In July 2014, after learning about the decline of honeybees and their devastating impact on the environment, Freeman converted his 124-acre ranch into a beekeeping sanctuary.
Freeman’s energy also extends into other realms. In his hometown of Clarksdale, Mississippi, the actor co-founded a blues club. Freeman recently obtained his pilot’s license.
Freeman’s personal life has been somewhat turbulent in recent years. He and his second wife, Myrna, divorced in 2007, and the following year, he was in a near-fatal car accident in Charleston, Mississippi. But none was more tragic than learning in August 2015 that his step granddaughter, E’Dena Hines, whom he and Myrna had adopted, had been murdered by her boyfriend in New York City.
“The world will never know her artistry and talent, or how much she had to offer,” Freeman told People. “Her friends and family were fortunate to understand who she was as a person.”
Despite these challenges, the actor has continued to work and shows no signs of slowing down. His choice of roles, as well as his off-screen demeanor, have earned him respect from those who aren’t accustomed to lavishing praise on their interview subjects.
“He’s a delightful man,” said Mike Wallace, who interviewed the actor for a 60 Minutes segment in 2006. “He’s a considerate man.” He’s not a bitter man in the least. He is still researching his life and times. Morgan Freeman is someone I greatly admire.”
Sexual Harassment Allegations
CNN reported on May 24, 2018, that eight women had accused Freeman of sexual harassment and inappropriate behavior. According to one of those women, who worked as a production assistant on his 2015 film Going In Style, he “kept trying to lift up my skirt and asking if I was wearing underwear.” Another alleged victim, a senior member of the production team on the 2013 film Now You See Me, told CNN, “He did make a remark about our bodies… We knew that if he came by, we weren’t supposed to wear anything that showed our breasts or anything that showed our bottoms, which meant no fitted clothes.”
Following that, Freeman issued the following statement: “Anyone who knows me or has worked with me knows that I would never intentionally offend or make anyone feel uncomfortable. I apologize to anyone who felt offended or disrespected; this was never my intention.”
A few days later, Freeman’s lawyer demanded a retraction and apology from CNN president Jeff Zucker for the “malicious intent, falsehoods, sleight-of-hand, an absence of editorial control, and journalistic malpractice” that was “used to unjustly attack” his client. CNN quickly responded with a statement defending its reporting.
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