Tim Allen Net Worth
Tim Allen has an estimated net worth of $100 Million. He earned the majority of his income from movies. Tim Allen is an actor, comedian, voice over artist, entertainer, and writer from the United States. After years of struggling as a stand-up comedian in Los Angeles comedy clubs and appearing in small-time cable shows and television commercials, Allen received his big break with ABC’s sitcom ‘Home Improvement.’
The eight-year-long series launched Allen’s acting career and established him as a Hollywood actor and comedian. Following his appearance in the sitcom, he landed meaty roles in films such as ‘Galaxy Quest’ and ‘The Santa Clause’ film series. He also provided the voice of ‘Buzz Lightyear’ in the ‘Toy Story’ film series.
Allen’s life was chaotic before he became an actor. His father died when he was 11 years old, and he dealt illegal drugs to make quick money. He was arrested for cocaine possession and sentenced to 28 months in prison.
To calculate Tim Allen’s net worth, add up all of his assets and subtract his debts, also known as liabilities.
Tim Allen’s assets include everything he owns, such as the amount of money in his checking or savings account, real estate equity, savings and investment plans, and items with a clear market value (car, jewelry, clothes, art, etc.).
All outstanding debts, including the remaining balance on his home, car, business or personal loan, credit card debt, back taxes, and anything else he still owes, are included in his liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$100 Million|
|Monthly Salary:||$600 Thousand+|
|Annual Income:||$7 Million+|
|Source of Wealth:||Actor & Comedian|
Childhood & Early Life
Timothy Alan Dick was born on June 13, 1953, in Denver, Colorado, USA, to Gerald and Martha. His father worked as a real estate agent, and his mother did community service. Allen adored his father and remembers him for his wonderful sense of humour.
Allen’s father died in a car accident when he was only 11 years old, leaving him devastated. His mother married a friend two years after his father died. He and his family were forced to relocate to Birmingham, Michigan.
In Birmingham, he attended ‘Ernest W. Seaholm High School.’ For the first time, he pursued his interest in acting here. He later transferred to ‘Western Michigan University’ after attending ‘Central Michigan University.’
Allen was a troubled adolescent. He began selling narcotics after completing his bachelor’s degree in television and radio production. He then went to work at a sporting goods store.
Allen was offered a better position at the sporting goods store; he landed work in the store’s in-house advertising agency, and things began to improve for him; however, he continued to deal in drugs. He was arrested for cocaine possession in 1978.
While on bail, Allen tried stand-up comedy, making his debut at Detroit’s ‘Comedy Castle.’ He was called in to testify shortly after his performance and was sentenced to 28 months in prison.
He rose to prominence in Detroit after appearing in local television commercials. He has also appeared on cable comedy shows such as ‘Some Semblance of Sanity.’ He relocated to Los Angeles and began performing at “The Comedy Store.”
He gradually began to appear on late-night talk shows. When he appeared in ‘Home Improvement,’ his popularity skyrocketed (1991-1999).
Allen rose to prominence in Hollywood after starring as ‘Tim “The Tool-Man” Taylor’ on ABC’s ‘Home Improvement.’ In 1994, he starred in ‘The Santa Clause,’ the year’s highest-grossing film.
Allen’s New York Times best-seller ‘Don’t Stand Too Close to a Naked Man’ was published in 1994. The following year, he voiced the popular character ‘Buzz Lightyear’ in the hit film ‘Toy Story.’
Along with his acting career, Allen founded his own race team with race driver Steve Saleen. He dubbed his group the ‘Saleen/Allen “RRR” Speedlab.’ In the ‘SCCA World Challenge,’ the team drove Saleen Mustangs.
He appeared in the 1997 film ‘Jungle 2 Jungle.’ Despite being a ‘Disney’ production, it bombed at the box office. Two years later, he was cast as ‘Buzz Lightyear’ in ‘Toy Story 2.’
In the late 1990s and early 2000s, Allen appeared in films such as ‘Galaxy Quest’ (1999), a science fiction parody starring Alan Rickman, Sigourney Weaver, and others, ‘Zoom’ (2006), ‘The Santa Clause 3’ (2006), and ‘The Shaggy Dog’ (2006).
Because of his ‘Pure Michigan’ commercials, he appeared frequently on television and radio in 2009. He created these well-known commercials for the ‘Travel Michigan’ agency. The same year, he began a preview tour for his film ‘Crazy on the Outside.’
Allen has been a regular on the ABC sitcom ‘Last Man Standing’ since 2011. He plays ‘Mike Baxter,’ a man struggling to assert his masculinity in a household dominated by women (his wife and three daughters).
Tim took a brief break from movies due to his TV commitments, but returned in 2017 with Netflix’s black comedy film ‘El Camino Christmas.’ Two years later, he played ‘Buzz Lightyear’ again in the fourth installment of ‘Toy Story,’ ‘Toy Story 4.’
The most significant achievement in Allen’s career is his appearance on ABC’s ‘Home Improvement.’ The role cemented his reputation as a seasoned comedian and established him as a household name in the United States of America. The eight-year-long series launched his acting career.
The actor’s portrayal of ‘Mike Baxter,’ a father of three daughters attempting to establish himself in his home, in ‘Last Man Standing’ (2011-present), is well received.
Personal Life & Legacy
In 1984, Allen married his longtime girlfriend Laura Diebel. In 2003, his marriage ended in divorce. Katherine is Allen and Laura’s daughter.
Allen married actress Jane Hajduk in 2006 after five years of dating her. He and she have a daughter.
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