Robert Redford Net Worth 2022 – How Did He Get Rich? Exposed!

Robert Redford Net Worth

Robert Redford has an estimated net worth of $200 Million. Actor Robert Redford is a Hollywood legend, known for his roles in acclaimed films like ‘The Sting’ and ‘The Way We Were.’ He is also an accomplished director, producer and entrepreneur, having started the Sundance Institute in the early ’80s. He earned the majority of his income from movies and TV shows. 

Robert Redford was born on August 18, 1936, in Santa Monica, California, and has established himself as one of the great talents in American cinema, starring in classics such as The Sting, Butch Cassidy and the Sundance Kid, The Candidate, and The Way We Were. Redford was also a founding member of the Sundance Film Festival, which has grown into one of the film industry’s most prestigious events and a boon to indie filmmakers. The actor has also successfully transitioned into producing and directing, winning an Oscar for Ordinary People and receiving nominations for both directing and best picture for Quiz Show.

To calculate the net worth of Robert Redford, 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: Robert Redford
Net Worth: $200 Million
Monthly Salary: $1 Million+
Annual Income: $15 Million+
Source of Wealth: Actor, Film Producer, Film director, Businessperson, Television producer, Environmentalist

Early Life

Robert Redford, born Charles Robert Redford Jr. on August 18, 1936, in a multicultural neighborhood of Santa Monica, California, has proven to be one of the great talents in American film. He is equally at ease behind the camera as he is in front of it. Aside from his own career, Redford has helped others in his field by founding the Sundance Institute and its associated film festival.

Redford’s father was a milkman who later became an oil company accountant, while his outgoing mother loved literature and movies. Redford, like his uncle, excelled in sports as a child, running track and playing tennis and football while also maintaining a vibrant romantic life. Redford, on the other hand, admitted to floundering in other areas.

“Actually, I failed at everything I attempted. I was fired from my job as a box boy at a supermarket. Then my father got me a job at Standard Oil, where I was fired again “In 1980, he explained to Success magazine. Redford also admitted to having run-ins with the law for stealing hubcaps and sneaking onto other people’s properties to use their pools.

Redford graduated from Van Nuys High School in 1954. But when his mother died of septicemia in 1955, Redford was emotionally devastated.

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Artist’s Life Abroad

Redford received a baseball scholarship to the University of Colorado, but he did not excel as an athlete there. Instead, he told People magazine in 1998, “I became the campus drunk and blew out before I could ever get going.” According to some reports, Redford dropped out, while others claim he was expelled from the university. In any case, he soon decided to relocate to Europe and pursue a career as an artist.

For the young Redford, his time abroad was an eye-opening experience in which he lived as a bohemian and learned about art, culture, and international affairs. Redford’s interactions with students in Paris proved crucial. “We all lived in a communal manner, and I was politically challenged. I didn’t know what to do “In a 2007 New Statesman article, he stated “They would question me—the Algerian War was going on, and it was very popular in France at the time, in the late 1950s—and I was humiliated. I was embarrassed that I knew so little about my country’s politics. When I returned to America a year and a half later, I was much more culturally and politically invested in my country.”

Career Beginnings

Redford met Lola Van Wagenan in Los Angeles after returning to the United States. The couple married in 1958 and moved to New York City, where they soon had their first child. Redford first studied design at Pratt Institute, then acting at the American Academy of Dramatic Arts. Then, in 1959, he and his wife suffered a devastating loss when their five-month-old son Scott died of sudden infant death syndrome.

Redford, who was not raised to openly express emotional trauma, poured himself into acting and began his career in the theater. He made his Broadway debut in the 1959 comedy Tall Story, followed by The Highest Tree the following year. He co-starred with Julie Harris in the 1960 drama Little Moon of Alban, and then with Conrad Janis in another comedic film, Sunday in the Park, in 1961. But his biggest break came in 1963, when he played the lead in Neil Simon’s Barefoot in the Park, directed by Mike Nichols. Redford starred in the romantic comedy as Paul Bratter, a newlywed lawyer who moves to Greenwich Village with his wife Corie (Elizabeth Ashley).

‘Sundance Kid’ and ‘Way We Were’

For a time, Redford worked extensively on television before making his feature film debut in 1962 with War Hunt. Nonetheless, the actor’s film career did not take off until 1967, when he reprised his stage role of Paul in the film adaptation of Barefoot in the Park, opposite Jane Fonda. Then, in 1969, Redford gave an iconic, star-making performance in Butch Cassidy and the Sundance Kid. He played the outlaw known as the Sundance Kid in the film, while co-star Paul Newman played Butch Cassidy. Onscreen, the two proved to be a dynamic duo who forged a lasting friendship, and the film was a critical and commercial success.

Redford, who disliked being stereotyped as a “pretty boy” and was picky about the tone of his projects, sought out more challenging material and avoided exploiting his sex appeal. In 1969, he directed the sports drama Downhill Racer and the western Tell Them Willie Boy Is Here. The Candidate, a dark, satirical look at campaigning, was another significant film for Redford.

Redford sought refuge from the Hollywood scene as his career flourished. He had purchased land in Utah in the 1960s and had continued to add to it over the years. His love of the land inspired him to become involved in environmental causes. In the 1970s, Redford received death threats for his efforts to halt certain Utah developments.

In 1973, Redford had a banner year with two major hit films, The Way We Were and The Sting.

Redford co-starred with Barbra Streisand in Sydney Pollack’s Way We Were, a drama about the ups and downs of one couple’s relationship. Redford reunited with Newman for The Sting to play con artists in 1930s Chicago. For the film, Redford received his first Academy Award nomination.

In the middle of the decade, he co-starred with Mia Farrow in Pollack’s 1974 adaptation of The Great Gatsby and then with Faye Dunaway in Pollack’s 1975 CIA thriller Three Days of the Condor. With 1976’s All the President’s Men, Redford returned to political fare and scored another hit. In an acclaimed drama about the Watergate scandal, he and Dustin Hoffman portrayed reporters Bob Woodward and Carl Bernstein.

Oscar for ‘Ordinary People’

With Ordinary People, released in 1980, Redford demonstrated that he was more than just a movie idol, providing a heartbreaking look at a family torn apart by loss and grief. His directorial debut, the film starred Mary Tyler Moore, Donald Sutherland, and Timothy Hutton. The drama earned Redford his first Academy Award nomination for best director. Around this time, Redford was instrumental in establishing the Sundance Institute, which was established to assist and support independent filmmakers through workshops and other means. The Sundance Film Festival (previously known under a different name) then evolved into a related platform for indie works to be viewed and promoted, establishing itself as an industry cornerstone for decades.

During the 1980s, Redford took on a limited number of acting roles. He appeared in The Natural (1984), a baseball drama starring Robert Duvall and Glen Close, as well as Out of Africa (1985), a romance starring Meryl Streep. Redford returned to directing with The Milagro Beanfield War (1988), starring Ruben Blades and Sonia Braga. The film depicts a group of local farmers who are fighting a major development project in their community.

Redford’s rural family drama A River Runs Through It (1992), starring Brad Pitt and Tom Skerritt, received widespread acclaim. Two years later, in Quiz Show, he investigated the real-life corruption of 1950s game shows, earning him high praise and two more Oscar nominations for directing and best picture. Redford later became a triple threat in the 1998 film The Horse Whisperer, serving as director, producer, and star. He’d also appeared in the sexually charged Indecent Proposal (1993), a major hit, and the journalism drama Up Close & Personal (1996), in which he co-starred with Michelle Pfeiffer.

Playing Dan Rather in ‘Truth’

In recent years, Redford has been more selective in his film work. Following The Legend of Bagger Vance in 2000, he directed and starred in 2007’s political drama Lions for Lambs alongside Tom Cruise and Meryl Streep, which was a commercial and critical flop. His next film, The Conspirator, was released in 2011 and is about the trial of Mary Surratt, the only woman charged in President Abraham Lincoln’s assassination. Redford directed and starred in The Company You Keep the following year, alongside Shia LaBeouf and Julie Christie. The thriller follows a 1960s radical who has been living underground until he is discovered by a reporter.

Redford delivered an outstanding performance as a sailor caught in perilous, life-threatening circumstances in 2013’s All Is Lost. After co-starring in Marvel Comics’ Captain America: The Winter Soldier in 2014, he embarked on a new adventure in the film adaptation of Bill Bryson’s A Walk in the Woods. The following year, in Truth, a film about 60 Minutes’ controversial coverage of George W. Bush’s military service, Redford played real-life journalist Dan Rather.

Redford has received numerous honors and awards. He has earned his place in film history not only for his own artistic achievements, but also for the opportunities he has provided for others to advance their careers. In 2001, the Academy of Motion Picture Arts and Sciences presented him with an honorary award for his contributions to the medium, citing him as a “inspiration to independent and innovative filmmakers everywhere.”

President Barack Obama awarded Redford the Presidential Medal of Freedom in 2016.

Personal Life

Redford is currently married to German painter Sibylle Szaggars. After dating since the mid-1990s, the couple married in Hamburg in 2009. His first marriage to Lola ended in divorce in 1985, and they had four children together: daughters Shauna and Amy, and sons Scott and Jamie.

Retirement

On August 6, 2018, Redford announced that his starring role in the upcoming crime comedy The Old Man and the Gun would mark the end of his long and distinguished acting career. “Never say never,” Redford told Entertainment Weekly, “but I pretty much concluded that this would be it for me in terms of acting, and [I’ll] move toward retirement after this because I’ve been doing it since I was 21.” “‘Well, that’s enough,’ I thought. And why not start with something upbeat and positive?”

Further Reading

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