Quick Facts of
- First NameBurton
- Middle NameLeon
- Last NameReynolds
- Net Worth$ 5 million
- Height5 feet 11 inches
- MotherFern H. Reynolds
- FatherBurton Milo Reynolds Sr.
- WifeLoni Anderson
How Much Was Burt Reynolds’ Net Worth?
Burt Reynolds, a late America actor, director & producer, appeared in numerous TV series and movies from 1958-2018. He died at the age of 82, on September 6, 2018.
While active in his career, Reynolds earned 187 acting credits, his most notable TV appearances include Gunsmoke (1962-1965), Hawk (1966), and Dan August (1970-1971).
At the time of death, in 2018, Burt had a net worth of around $5 million. Sources cite that the late actor used to earn in million dollars figure however went bankrupt due to legal issues and unmanaged financial calls.
How Did Burt Reynolds Earn $5 Million In Net Worth : Income Sources, Earnings & Career
In his professional career of over 60 years (1958-2018), Burt Reynolds appeared in numerous movies and TV shows. Sources cite that during the height in the 80s, Reynolds used to earn the salary of $10 million per movie on average.
Though, after his career declined since the mid-1980s, he couldn’t recover.
For a fact, Burt turned down the offer for the movie Terms of Endearment (1983) to play astronaut Garrett Breedlove. Rather, he worked in a car chase comedy Stroker Ace (1983) which was a box office fail with only $11.4 million gross upon $16.5 million budget.
On the other hand, the Terms of Endearment‘s role had gone to Jack Nicholson and also won an Academy Award.
As reported, back in the 1980s, Burt Reynolds had an estimated net worth of $60 million after taxes, which turns to be $150 million as of today (adjusting for inflation of 2019).
But, during his second marriage prenup in 1988, the late actor announced his worth to be $15 million only.
And according to various online sources, at the time of death in 2018, Burty Reynolds was worth only $5 million. While Celebrity Net Worth claims that he held a fortune of $3 million.
In overall, the late actor’s worth had drowned and the reasons were a series of failed movies, bad investments, and divorce settlement issues that even led him to bankruptcy.
Even though he had appeared in 47 movies after filing bankruptcy in 1996, it was not enough to give him a flight to massive fortune height.
In comparison, he owns more than other late celebrities like Beth Chapman ($2 million), Sy Kravitz ($1 million), David Cassidy ($500,000) and Ted Demme ($250,000).
Movies And TV Shows Earnings
Well, during his career, Burt had earned 147 acting credits including the famous TV shows like Riverboat (1959-1960), Playhouse 90 (1959-1960), The Blue Angels (1960-1961), Gunsmoke (1962-1968), The F.B.I. (1965-1968), Dan August (1970-1971) and Evening Shade (1990-1994).
The late actor’s most recent TV appearance was in My Name Is Earl (2006-2007, 2009) where stars like Jason Lee, Ethan Suplee and Roseanne Barr have worked.
Also, check out the movie credits & earnings of Reynolds:
|Smokey and the Bandit (1977)||Bo “Bandit” Darville||$1 million|
|The Cannonball Run (1981)||J.J. McClure||$5 million plus 10% of gross (grossed $100 million)|
|Best Friends (1982)||Richard Babson||$3 million plus 10% of gross (grossed $36.82 million)|
|The Man Who Loved Women (1983)||David Fowler||$3 million|
|Cannonball Run II (1984)||J.J. McClure||$5 million plus 10% of gross (grossed $56.3 million)|
|City Heat (1984)||Mike Murphy||$4 million|
|Stick (1985)||Ernest “Stick” Stickley||$4 million|
|Heat (1986)||Nick “Mex” Escalante||$4 million|
|Striptease (1996)||Congressman David Dilbeck||$200,000|
Fact: Burt Reynolds earned 15 directing credits; directed the movies like The End (1978) and Sharky’s Machine (1981) which made a box office collection of $44.91 million and $35.61 million respectively.
Filed For Bankruptcy After Divorce: Lawsuit & Bad Investments
Despite a sound acting career, the unmanaged financial flow led the actor to severe financial problems, resulting in the filing for Chapter 11 bankruptcy in 1996.
Burt’s bankruptcy detail stated $6.6 million in assets and $11.2 million in debts, including the most embarrassing unpaid $121,000 to his toupee maker.
Why did Burt go bankrupt? Here are the reasons.
- Just after 5 years of his marriage, Burt Reynolds divorced his second wife Loni after she accused him of cheating. Well, the late actor promised her to pay $234,794 compensation along with $15,000 per month in support.
- In the 1980s, Reynolds along with his business partner had invested in family-style country restaurants called Po’ Folks. However, the investment in its 30 franchises turned sour.
After that, they turned over for other investments despite a chance of $5-6 million write-offs. Sadly, the value of loss turned massive, a value of around $20 million- $30 million loss.
- Another reason is the CBS loan; as Reynolds had borrowed $4 million from CBS in 1990 with a contract to appear in its show Evening Shade and pay the debt after the show gets syndication.
However, the show was canceled after one season and later in 1996, CBS filed a lawsuit for the remaining $3.7 million unpaid loans.
Consequences Of Debt Load
Due to debts, Burt Reynolds had to sell his movie memorabilia and prized possessions. Back in 1999, his ranch so-called Burt Reynolds Ranch was sold to Palm Beach County School District for $3.8 million.
For a fact, the rach hosted for filming the movies like B.L. Stryker, Smokey the Bandit II and Striptease.
Sources reported that he also owed $1.2 million on the mortgage payment for his Florida house.
Assets, House, Cars, Lifestyle & Expenses
No doubt that during his career height, Burt Reynolds lived a lavish lifestyle. Before his death, he had owned enough in terms of finance and lived the life everyone merely dream of. He owned several expensive mansions and several luxury cars as well.
He Owned Many Million Dollar Mansions Across The United States
Also, as one of the prominent Hollywood figures, Burt indeed owned many jaw-dropping assets until the bankruptcy hit him really bad.
Back in 1988, Burt Reynolds bought a mansion in Beverly Hills which was later sold to celebrity designer Steven Hermann in 2008 for $5 million.
As reported, until his last breath in 2018, Burt lived in his rented Jupiter, Florida house. Actually, the late actor owned that property which he had bought in 1980 for $700,000.
Following a series of financial problems, in 2015, Reynolds sold the Jupiter mansion to his real estate tycoon friend Charles Modica for $3.3 million and was offered to live in rent.
He Was Fond of Luxury Cars
Well, Burt was fond of luxury cars and held a jaw-dropping collection. Before some months of his death, the actor was preparing to sell his movie-alike cars.
In late September 2018, the Las Vegas auction of Burt’s 3 cars raised $330,000 for the Burt Reynolds Institute. Check it out:
- 1978 Pontiac Firebird Trans Am- Sold for $192,500
- Pontiac Firebird Trans Am (Automatic transmission, 403-cubic-inch V-8 engine)- Sold for $88,000
- 1987 Chevrolet R30 pickup (496-cubic-inch V-8 engine)- $49,5000
Apart from expenses on daily life luxury, he used to spend on costly clothes, travels, and tax payments.
Like all other Americans, Burt Reynolds was liable to tax payments including property and income tax. In average, America levies 0%-4% of assets’ assessed value as property tax while income tax comes in the bracket of 10%-37%.
Any Endorsements & Charity Works?
The late actor never opened up about his details on his endorsements along with its earnings.
But surely, while in his career height, Reynolds was a demanded face by brands and certainly pocketed hundreds of thousand dollars.
While alive, Reynolds was active in charity works and had associations with many non-profit organizations. Even more, he used to make huge donations that made news headlines.
Back in July 1993, he donated $75,000 in various charities, which he had received from the ribbon-cutting ceremony at Harrods London store. The revenue was distributed to:
- Institute for Theatrical Training- $45,000 in the donation
- American Film Institute- $20,000
- Starlight Foundation- $5,000
- Paul Newman’s Hole in the Wall Gang summer camps- $5,000 in the donation
Burt Reynolds’ Personal Life: Age, Height, Death, Married Life, Wife & Children
Reynolds was born on February 11, 1936, in Lansing, Michigan, the USA to Burton Milo Reynolds (1906–2002) and Harriet Fernette (1902–1992).
Over time, his family moved across the United States until they settled in Riviera Beach, Florida in 1946 after Burt’s father, an ex-US army became the Chief of Police of Riviera Beach.
Raised alongside his sister and adopted brother named James Hooks Reynolds, the late American actor attended Palm Beach High School.
Later, Reynolds enrolled at Florida State University, where he initially was a footballer and later transited to acting.
Burt Reynolds held American nationality and was of mixed ethnicity; hailed from Dutch, English, Scots-Irish, and Scottish ancestry.
Reynold died at the age of 82 on September 6, 2018. He stood a height of 5 ft. 11 inches (180 cm).
Cause Of Death
The Gunsmoke actor died of a heart attack on September 6, 2018, Jupiter Medical Center in Jupiter, Florida, the USA. His body was cremated at the Gold Coast Crematory in Florida.
On September 20, 2018, his private memorial service was held at the funeral home in North Palm Beach, Florida, attended by Sally Field, Lee Corso, and Doug Flutie.
Wife & Children
Well, the late had been married 2 times in his life but divorced with both. First, he was married to English actress Judy Carne from June 28, 1963, to July 9, 1965. For a fact, the former duo never shared any children.
Then, Burt Reynolds exchanged vows with Loni Anderson, his second wife on April 29, 1998. However, after 6 years of marriage, they divorced on June 17, 1994.
Even though the former couple didn’t share any children, they adopted a son named Quinton A. Reynolds, born on August 31, 1988.
Did you know? Burt had temporomandibular joint dysfunction after he struck his face in with a metal chair while filming the 1984 film City Heat. Also, the late actor had lost 30 lbs weight due to irregular appetite caused by painkiller addiction.
Interesting Facts About Burt Reynolds
- Burt Reynolds regretted his decision to Pose naked for a 1972 issue of Cosmopolitan.
- Before accepting the part of Jack Horner in Boogie Nights, he had rejected the movie seven times.
- He got into a HE HAD AN impromptu verbal fight with Double Dare host Marc Summers on The Tonight Show.
- Burt also tried his hands in the Nightclub Business.