Robin williams net worth at death – Delving into the life of a beloved actor who touched millions of hearts, we’re about to uncover the fascinating details of Robin Williams’ net worth at the time of his death. With a career spanning over three decades, Williams’ net worth came from a variety of sources, including his lucrative movie salaries, impressive property investments, and a stunning art collection that would make even the most discerning art enthusiast jealous.
Let’s take a closer look at how Williams’ net worth was affected by his divorce, charitable donations, and mental health struggles.
Williams’ net worth was significantly impacted by his divorce from his first wife, Valerie Velardi, in 1988. The couple had two children together, and their divorce was highly publicized in the media. According to various sources, Williams was ordered to pay Velardi a settlement of $60 million as part of the divorce agreement. This massive payout undoubtedly took a chunk out of Williams’ net worth, which was estimated to be around $120 million at the time of the divorce.
The Financial Impact of Williams’ Highly Publicized Divorce
Robin Williams’ highly publicized divorce from his second wife, Marsha Garces, was a contentious and expensive process that significantly affected his net worth. The couple had been married since 1989 and had two children together, but their marriage was marked by substance abuse issues and financial struggles. In 2010, they announced their separation, and a year later, their divorce was finalized.The divorce settlement was one of the most expensive in Hollywood history, with Williams agreeing to pay Garces a staggering $50 million in alimony and child support.
This amount is reportedly equal to his annual salary at the time. Additionally, he was ordered to pay $22.8 million in joint property and $5.5 million in other assets. To make matters worse, Williams was also required to pay $4,000 per month in child support until his children turned 18, plus $1,500 in monthly spousal support.This drastic financial hit took a toll on Williams’ net worth, which was estimated to be around $150 million at the time of their separation.
After the divorce, his net worth plummeted to around $80 million, a significant decrease of around 47%. This drastic decline in wealth was largely due to the costly divorce settlement and the high maintenance costs for his children.
Divorce Settlements of Other Notable Celebrities
Other notable celebrities in the entertainment industry have also faced costly divorce settlements in recent years. For example, in 2016, actor Matt Damon paid his ex-wife, Luciana Barroso, a whopping $25 million in alimony. Similarly, in 2019, singer and actress Christina Aguilera paid her ex-husband, Jordan Bratman, $20 million in alimony.The following table highlights some notable divorce settlements among celebrities:| Celebrity | Divorce Settlement | Year || — | — | — || Robin Williams | $77.3 million | 2011 || Matt Damon | $25 million | 2016 || Christina Aguilera | $20 million | 2019 || Ashton Kutcher | $10 million | 2013 |
Recovering from a Costly Divorce Settlement
It’s worth noting that Williams was still a highly influential and successful actor at the time of his divorce, with movies like ‘Jumanji’ and ‘Night at the Museum’ generating significant revenue. However, recovering from such a costly divorce settlement requires careful financial planning and management.Williams’ divorce settlement had a lasting impact on his financial stability. In the years following the divorce, he appeared in several films, including ‘Pirates of the Caribbean: On Stranger Tides’ and ‘Happy Feet Two.’ He also launched a production company called Blueberry Productions, which produced the film ‘Happy Feet.’ His career continued to thrive despite financial struggles, but his financial recovery took time and dedication.It’s also worth noting that Williams’ financial struggles were not limited to his divorce settlement.
He had a history of substance abuse and mental health issues, which also took a toll on his finances.
The Value of His Extensive Art Collection
Robin Williams’ impressive art collection played a significant role in adding to his overall net worth. With an estimated value of millions at the time of his death, the collection featured works from famous artists around the world. In this segment, we will delve into the various artists whose works Williams owned and their estimated values.One notable aspect of Williams’ art collection was its diversity.
The collection included works from contemporary and modern artists, showcasing a range of styles and mediums. For instance, Williams owned a piece by renowned artist Pablo Picasso, a self-portrait valued at an estimated $3.2 million.
Key Artists in Williams’ Collection
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Pablo Picasso (Self-Portrait)
Pablo Picasso’s self-portrait added significant value to Williams’ collection. The piece is estimated to be worth around $3.2 million at the time of Williams’ death. Picasso’s artwork is renowned for its unique blend of realism and abstraction, making it highly sought after by collectors.
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Andy Warhol (Campbell’s Soup Can)
Andy Warhol’s “Campbell’s Soup Can” series is a classic example of Pop Art. Williams owned one of these pieces, estimated to be worth around $2.5 million. Warhol’s use of commercial images and bright colors revolutionized the art world and made his works highly valuable.
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Georgia O’Keeffe (Jimson Weed)
Georgia O’Keeffe’s “Jimson Weed” painting is a stunning example of her unique style, which blends elements of abstraction and realism. Williams owned one of these pieces, estimated to be worth around $1.5 million. O’Keeffe’s artwork is highly regarded for its beauty and cultural significance.
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Francis Bacon (Study after Velázquez’s Pope Innocent X)
Francis Bacon’s “Study after Velázquez’s Pope Innocent X” is a masterful example of his bold, expressionist style. Williams owned one of these pieces, estimated to be worth around $4 million. Bacon’s artwork is highly regarded for its emotional intensity and technical skill.
The table below illustrates the artists, type of artwork, year created, and estimated value at the time of Williams’ death.
| Artist Name | Type of Artwork | Year Created | Estimated Value at the Time of Williams’ Death |
|---|---|---|---|
| Pablo Picasso | S Self-Portrait | 1963 | $3.2 million |
| Andy Warhol | 1962 | $2.5 million | |
| Georgia O’Keeffe | Oil Painting | 1936 | $1.5 million |
| Francis Bacon | Oil on Canvas | 1951 | $4 million |
These pieces, along with many others, comprised Williams’ remarkable art collection, showcasing his refined taste and appreciation for the works of other artists.
Williams’ Charitable Donations and Their Effects on His Estate
Robin Williams, the renowned actor and comedian, was known for his generous charitable donations. Throughout his career, he supported a wide range of organizations, making significant contributions to various causes. His philanthropic efforts not only helped those in need but also had a lasting impact on his estate.Williams’ charitable donations were extensive, spanning across the globe. His most notable contributions were to organizations focused on children’s welfare, education, and mental health.
These donations not only improved the lives of those affected by his generosity but also had a lasting impact on his estate.
Notable Charities Supported by Williams
Some of the most notable charities supported by Robin Williams include:
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“St. Jude Children’s Research Hospital”
-Williams was a long-time supporter of the hospital, which provides pediatric cancer treatment to children from low-income families. He made several donations, including a visit to the hospital in 2011. During his visit, he donated $15 million for cancer research. -
“Starkey Hearing Foundation”
-Williams was an honorary board member of the foundation, dedicated to providing hearing aids to people in need. He contributed $500,000 to the organization in 2009. -
“USO (United Service Organizations)”
-As a USO ambassador, Williams supported entertainment programs for American troops and their families. He donated $100,000 to the organization in 2010. -
“City Year”
-Williams was a supporter of the organization’s mission to provide educational resources to low-income students. He donated an undisclosed amount to the organization. -
“Children’s Hospice & Palliative Care Coalition (CHPCC)”
-Williams was a strong advocate for pediatric palliative care and made a significant donation to the organization.
The tax implications of Williams’ charitable donations were substantial. He took advantage of tax deductions for his contributions, which can range from 20% to 60% of the donated amount, depending on the type of asset donated and the recipient organization. For example, Williams’ $500,000 donation to the Starkey Hearing Foundation would have entitled him to a tax deduction of $200,000 to $300,000, depending on his tax bracket.Williams’ charitable donations had a significant impact on his estate, not only in terms of the charitable causes they supported but also in the long-term tax benefits he received.
His generosity not only improved the lives of those he helped but also reduced his tax liability. This highlights the importance of charitable giving in estate planning, as it can provide significant tax benefits while supporting noble causes.
A Comparison of Robin Williams’ Net Worth to Other Celebrities in His Industry: Robin Williams Net Worth At Death
Robin Williams’ net worth at the time of his death raised eyebrows in the entertainment industry, considering his extensive career and numerous hit movies. However, a closer look at the average net worth of actors and comedians reveals that Williams’ net worth was not drastically lower compared to his peers. Let’s compare his net worth to that of other celebrities in his industry.
Average Net Worth of Actors and Comedians in 2014
The average net worth of actors and comedians in 2014 was around $10 million, with some notable figures exceeding this amount. According to a study by Forbes, the top 10 highest-paid actors in 2014 had a combined net worth of over $1.5 billion.
The median net worth of actors and actresses in the United States is around $200,000 to $500,000, which is significantly lower than the average net worth of celebrities in other industries.
Williams’ net worth in 2014 was estimated to be around $50 million, which is still a substantial amount considering the average net worth of actors and comedians. However, compared to other highly successful actors, such as Tom Hanks, who had a net worth of over $500 million at the time, Williams’ net worth seemed relatively lower.
Factors Contributing to Williams’ Relatively Low Net Worth
Several factors contributed to Williams’ relatively low net worth compared to other highly successful actors. One major factor was his philanthropic efforts and charitable donations, which totaled over $70 million during his lifetime. While these donations were commendable, they did take a significant toll on his overall net worth.Another factor was Williams’ spending habits, which were often extravagant and lavish.
He was known to spend tens of thousands of dollars on art, antiques, and luxury items, which depleted his net worth over time.
Career Performance and Salary Range, Robin williams net worth at death
Williams’ career performance and salary range also played a significant role in his net worth. While he was a highly acclaimed actor and comedian, his salary range was not as high as some of his peers. According to a report by The Hollywood Reporter, Williams earned an average salary of around $20 million per movie, which is lower than the average salary of some other highly successful actors.
| Actor/Comedian | Net Worth in 2014 | Salary Range per Movie |
|---|---|---|
| Tom Hanks | $500 million+ | $30-50 million per movie |
| Jim Carrey | $160 million+ | $20-30 million per movie |
| Robin Williams | $50 million+ | $20-30 million per movie |
In conclusion, while Robin Williams’ net worth was not as high as some of his peers, it was still substantial considering his extensive career and philanthropic efforts. However, factors such as charitable donations, spending habits, and career performance contributed to his relatively lower net worth compared to other successful actors.
Summary
In conclusion, Robin Williams’ net worth at the time of his death was a staggering $50 million, a testament to his incredible success in the entertainment industry. Despite his mental health struggles and high-profile divorce, Williams left behind a remarkable legacy that continues to inspire and entertain fans around the world.
Answers to Common Questions
Q: What was Robin Williams’ average annual salary during his career?
A: Robin Williams’ average annual salary during his career was around $20-30 million, depending on the project and his level of involvement.
Q: What was the estimated value of Robin Williams’ art collection at the time of his death?
A: The estimated value of Robin Williams’ art collection at the time of his death was around $10-15 million, with pieces by artists such as Picasso, Warhol, and Monet.
Q: How much was Robin Williams ordered to pay in child support and alimony after his divorce?
A: Robin Williams was ordered to pay around $20,000 per month in child support and alimony after his divorce from Valerie Velardi.
Q: Did Robin Williams have any other notable sources of income besides his movie salaries?
A: Yes, Robin Williams had various other notable sources of income, including endorsement deals, speaking engagements, and revenue from his production company, Robin Williams Productions.
