Eddie Murphy Net Worth: How Rich Is This Person In 2022!

Posted by Eliza Grace September 4, 2022
eddie eddie murphy

The Nutty Professor, Coming to America, and Shrek star Eddie Murphy is a comedian and actor of American descent. Murphy began his career in Hollywood in the 1980s and has since earned more than 70 performing credits.

But Murphy’s enormous success has come from more than simply his acting and stand-up comedy. Effects of Eddie Murphy’s work as a writer, producer, director, and performer have also had an effect on his net worth. Even his tremendous real estate investments aren’t included in that.

Read on to follow Murphy’s success from the start of his career to the present, from his ascent to prominence on Saturday Night Live to his inclusion in the top 10 of Comedy Central’s Greatest Stand-ups of All Time.

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Early Years

Born in Brooklyn on April 3, 1961, Edward Regan Murphy grew up in the Bushwick district of New York. Lillian Murphy, his mother, worked as a phone operator. His father, Charles Edward Murphy, was a transit policeman who also dabbled in comedy and acting. When Murphy was 3 years old, his parents separated, and when he was just 8 years old, his father was killed. Sadly, he can’t recall his father with any specificity.

When Murphy was eight years old, his mother fell ill, causing him and his older brother Charlie to spend a year in foster care. Later, the two shared a home in Roosevelt, New York, with their mother and stepfather.

Murphy has said in several interviews that his time in foster care helped him develop his sense of comedy.

Acting Career

Murphy had a passion for comedy early on. When he was fifteen, he was inspired while listening to a Richard Pryor comic album. And on July 9, 1976, he impersonated Al Green in his first stand-up performance at a talent show held at the Roosevelt Youth Center. A number of additional gigs followed his performance, some of which required him to take the train to get to his home.

Murphy had to skip school because he was so determined to make it work. When Murphy’s mother learned about his time management abilities at the conclusion of his senior year of high school, she was less than pleased. The outcome? Murphy had to work other jobs that required him to travel further, attend late-night gigs, and attend summer school.

Weekend Night Live

Murphy’s ascent to popularity began in the 1980s, during which time he was a cast member of Saturday Night Live. When he initially appeared on the show, he was only 19 years old. At first, he wasn’t a no-brainer for the show.

Murphy repeatedly called Neil Levy, the show’s talent coordinator, asking for a position. Levy eventually gave in, and Murphy had a chance to try out. The rest became history.

Murphy reportedly made $4,500 per episode when he first joined SNL, and his pay later rose to $30,000 each episode.

Eddie Murphy’s net worth was still quite low at this point in his career, but that was about to change with his impending big-screen projects.

The large screen

He made his debut on the big screen in 1982 with Nick Nolte in the movie 48 Hours. Delirious, a stand-up special by Murphy from 1983 that was shot in Washington, D.C. He appeared in the 1987 movie Eddie Murphy Raw as a result of the special’s positive reviews. On a $9 million budget and with a significant theatre distribution, the movie made $50 million.

The year 1984 also featured one of Murphy’s most well-known performances, Axel Foley in Beverly Hills Cop. On a $13 million budget, the movie made more than $316 million worldwide.

He returned to his part in Beverly Hills Cop 2 three years later. The movie’s $27 million budget resulted in a $299 million global box office haul.

Eddie Murphy’s wealth was significantly boosted by these movies, and by the end of the decade, he was regarded as one of Hollywood’s most lucrative box office performers.

There were plenty of profitable ventures in the 1990s, such as The Nutty Professor from 1996, which cost $54 million but earned $247 million at the box office worldwide. It is Murphy’s tenth-highest-grossing movie overall. Murphy reportedly earned $20 million for the movie.

The next year, in 1998, Murphy’s eighth-highest-grossing movie, Doctor Dolittle, opened to $294 million in ticket sales on a $72 million budget. He reportedly received $17.5 million for the movie and $20 million for Doctor Dolittle 2, which was released in 2001.

Thanks to a single franchise, Murphy would enjoy even more movie office hits in the 2000s.

The Achievement of Shrek

The Shrek movies rank among Eddie Murphy’s top four highest-grossing movies of all time. 2001’s original Shrek generated $488 million at the box office on a $60 million budget. In the animated movie, Murphy provided the voice of Donkey and sang many songs, including “On the Road Again,” “Friends,” and “I’m a Believer.” According to reports, Murphy earned $3 million from the movie.

Then, in 2004, Murphy’s highest-grossing movie to date, Shrek 2, came out. With a budget of $150 million, the movie went on to gross $929 million worldwide. According to reports, Murphy received $10 million for his efforts on the follow-up.

Shrek the Third, which was released in 2007, pulled in $813 million. Then, in 2010, came Shrek Forever After, which, despite having a $165 million budget, took in $753 million globally. Murphy reportedly received $4 million for this movie, but as he also received backend points, his overall earnings from the movie were much higher.

According to IMDB, a fifth Shrek movie is reportedly in the works. However, there hasn’t been any progress on the project in a while.

Property and other ventures

Eddie Murphy’s real estate interests have a substantial impact on his overall net worth. Murphy has owned a variety of houses over the years. He paid Cher $5.9 million for a 20,000-square-foot home in 1988, the same year Coming to America was published. Later, Murphy would sell the house for $4 million in 1995. According to Rob Report, the house is currently worth close to $85 million.

He paid $2.5 million for a 205-acre farm near Poughquag, New York, in 1995. In 2005, he made an attempt to sell the house for $12.75 million, and he would finally sell it in 2011 for $3.7 million.

For $10 million, Murphy acquired a 3.7-acre site in a posh section of Beverly Park in 2001. Celebrities and billionaires call Beverly Hills, which includes Beverly Park, home, as one of the priciest neighborhoods in the city.

On the land, Murphy constructed an 18,600-square-foot house in 2003. Even today, it serves as his primary residence and is thought to be worth $20 million.

Murphy is reportedly said to have spent $15 million on the exclusive Rooster Cay in the Bahamas.

Individual Life

Eddie Murphy is the father of ten kids. Eric, his first child, was conceived in 1989 while he was still dating Paulette McNeely. Later, in 1993, Murphy wed the model Nicole Mitchell. They first met in 1988 at the NAACP Image Awards ceremony. After two years of cohabitation, they got married in March 1993 at the Plaza Hotel in New York City. Together, the two gave birth to five kids: Bria, Myles, Shayne, Zola, and Bella.

However, Mitchell sought a divorce in 2005 on the grounds of irreconcilable differences. In 2006, it was then completed.

Following their divorce from Mitchell, Murphy and his then-girlfriend Tamara Hood had their second child, Christian. The next would be his child, Angel, whom he had with Melanie Brown, a former Spice Girl.

Eddie Murphy and Paige Butcher, a former model, and actress are now in a committed relationship. Izzy Oona Murphy was born in 2016 and Max Charles Murphy was born in 2018, and the couple has been together since 2012.

In 2018, Murphy and Butcher became engaged. By 2022, though, they still haven’t exchanged vows.

Eddie Murphy’s Net Worth 2022

Eddie Murphy’s net worth is projected to be $200 million as of 2022. Murphy’s net worth will increase as a result of his revenues from acting in front of the camera, his stand-up, and his work producing, writing and directing.

Murphy will next be seen in You People starring Jonah Hill and Nia Long, which is anticipated by fans. After that, Murphy will begin filming the eagerly anticipated Beverly Hills Cop: Axel Foley.

Murphy also has 8 other projects in various phases of development, including a project currently with an unnamed Grumpy Old Men. According to rumors, Murphy will co-star in the movie with Samuel L. Jackson. However, the project’s script is still unfinished as of the time of writing.

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Eddie Murphy’s net worth as of 2022.

Eddie Murphy’s net worth is projected to be $200 million as of 2022.

What is Eddie Murphy’s royalty income?

Eddie has easily made over $300 million in wages and backend royalties throughout the course of his career. Eddie received a $70 million payment from Netflix in 2019 for a run of comedy specials.

What is the net worth of Mike Tyson?

$ten million
The projected net worth of the former heavyweight world champion is $10 million, and a large chunk of that sum has been spent on some very opulent acquisitions.

How much money does Eddie Murphy make from each film?

He now ranks sixth among American actors in terms of box office earnings. Eddie consistently ranked among the highest-paid performers in the world throughout the late 1980s, early 1990s, and early 2000s, taking home $20 million per film. Eddie has easily made over $300 million in wages and backend royalties throughout the course of his career.

Eddie Murphy retired, why?

I only want to do what I genuinely want to do, else I’m fine to sit here and play my guitar all day,” he told Rolling Stone in 2011.

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