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IS HE WORTH 100 MILLION DOLLARS?


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As it turned out for Liz, her net worth is estimated at around 600 million dollars. This is due to her cleverly making the right investments over the long haul of her life and career. Liz simply didn?t spend her money so carelessly, even with all the celebrated jewelry she purchased. Naturally, her numerous husbands (the rich ones) managed to add to what is now believed to have made Liz the richest woman in show business. She is often referred to as a one-woman money-making machine. During the peak of her career, her income could average around 50 to 60 million in one year! This wasn?t in one single payoff, but a combination of deals from the various film companies and commercial interests. Also, Liz received her vast payments overseas, mostly in Europe, where the tax laws aren?t as stringent as in the U.S.

 

Over the period of time Liz became the biggest superstar in movie history, her salary for every film project when up and up. A legend resulted out of the fortune Liz accumulated as a film star, when 20th Century-Fox offered her the role of ?Cleopatra? in 1961, At first, she flatly refused, responding by saying, ?How about for a million dollars,? thinking that the studio would then back off and stop bothering her. Well, much to the surprise of the entire world, a deal was cut and Liz was the very first movie star in history to receive one million dollars outright to appear in a major motion picture. This transaction would come back to haunt 20th Century-Fox, when ?Cleopatra? came to a whopping 44 million dollars to produce and only received a box-office earning of 26 million. The studio was nearly bankrupt by what later transpired with a crazy chaos surrounding the failure of the biblical epic movie. It took the studio about two years and luck to recoup the financial losses. In a move that proved rather feeble, the studio decided on then suing Liz for the whole ordeal of ?Cleopatra?s? failure. This was looked upon as the studio trying to acquire good publicity in their favor and not so much admitting certain boundaries were overstepped and there was no turning back; the damaged or changes to the system had been done! So, a new standard was set for movie stardom and what it could reap to those who could be fortunate enough to succeed at becoming popular.

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Between overpaid actors and over priced movie productions is the reason why tickets are so high and theatres are barely making a profit. My local downtown theatre closed its doors because of this. At the time the price for an adult ticket was $4.50

 

Hollywood is like any other big corporation, money talks. 6s4a61.gif

 

Having Elizabeth Taylor get such a role as a nagging mother in law in "The Flintstones" was a bit of poetic justice. When I saw that, I said to my self, oh how the great has fallen. Wonder was this Hollywood's way of telling Liz shes a dinosaur? Lol.

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One individual who hardly ever gets mentioned or placed on a list of richest celebrities is Elvis Presley. While Elvis became one of the biggest superstars of the 20th Century, his net worth was not so high as a result of the movies. The fortune that Elvis accumulated came mostly from the music industry and the millions of records that were sold and made it to the top of the charts; later on came the various commercial interests. During his heyday, as he started his career in the late 1950s, Elvis made about 100 thousand dollars for his first series of films, only to see this amount multiply. By 1970, Elvis was making 500 thousand dollars a film. Several of his films that were box-office hits, gave him a percentage of the profits, most notably was ?Blue Hawaii? that netted for him his first clear cut million dollar payoff. While no one would argue against Elvis being one of the highest paid stars of his generation, he actually pales in comparison to others during the height of his fame. Over the years, a controversy has erupted over what he was worth when he died. Some say the total sum was less than ten million dollars! As of now, the whole Presley estate is said to be valued at around 300 million. This essentially means that in death, Elvis has made more money than while he was alive.

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This issue of movie star salaries seems to always comeback to connect with the one studio that became notorious with large payouts: 20th Century-Fox. In an ironic twist, the studio managed somehow, at the height of the Great Depression to have at least two motion picture stars that in terms of money, outranked the rest of Hollywood. The first was without question, little adorable Shirley Temple, who was for the time of the 1930s, the biggest box-office draw throughout the country. Under a standard studio contract, Shirley?s received a whopping 10,000 dollars a week! In today?s money this might total on an average of about 25 to 30 million dollars a film. The second highest paid star at 20th Century-Fox was ice skater Sonja Henie. It was Henie?s deal with the studio that is historically unique. She signed a 5 year contract to make one film per year at 75,000 dollars! This allowed her access to continue on with her ?live? skating shows in arenas across the country and the world before the war broke out. What?s interesting to note is that Henie made only eleven films during the span of her career in movies. Adding the sums she made from personal appearances, she became one of the richest women in show business history. Later on came the studio?s situation with Marilyn and then Liz Taylor. It?s fascinating to ponder how this one studio has managed to stay in the forefront of so much financial change throughout the film industry; this is unlike no other in movie history.

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Shirley Temple lost virtually most of her childhood income due to her father, George Temple taking the advice of his finacial lawyer not the report certain amounts paid as income. The IRS got wind of this and the rest is history. :(

 

William Shakespeare was right on the money (Henry VI - Part 2) :)

 

Like to add that many early child stars saw very little of what they earned due to greedy parents.

Some very sad stories out there.

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>MP wrote:

>I have to feel or say: Why bother to buy a lottery ticket? Or, send your kids to college and possibly hope they get a good job? Becoming a big, popular movie star seems like a pretty good deal and you?ll be set for life!

 

I don't think so...

 

The chances of becoming a movie star are slim to none and probably worse than winning the lottery.

 

Young adults are much better off getting a good education and being prepared to possibly change career fields three times or more during their working lives.

 

>primosprimos wrote:

>Especially if the market has the collective IQ of a brick.

 

Whether that is true or not is not the point. The market rewards winners and punishes losers.

 

If a studio head makes a bad bet on a film and payment to a star, he more than likely will end up fired or demoted.

 

Johnny Depp will get paid an amount of money to make a movie with a calculated return by the studio head.

 

The studio does not pay that amount out of a desire for philanthropy. Hollywood is very cut throat and profit oriented.

 

Depp puts butts in the seats at theatres across the country. If you think those folks have a low IQ,

that's your opinion and you are entitled to it...

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Jake,. I've heard that in old Hollywood, they sometimes don't even tell them that they are fired. The poor actors find out they are out of work when they are simply locked out of the studio and can't get past the front gate. That is cruel beyond belief how some studios treat people.

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The number one, most unique story of any major child star in Hollywood was that of Jackie Coogan. His tale is one of career disappointments and family greed, if not, betrayal. Coogan had for the time of the 1920s, become something of a huge star, partly due to Charlie Chaplin, who cast Coogan in the now legendary motion picture ?The Kid.? Overnight, Coogan became, at around the same time as ?Valentino,? a major star of the silent era. He was without any question, the first phenomenal success of any child in silent pictures. The payment made out to his family in only two years, made Coogan one of the highest paid motion picture performers of his generation, allowing him an international success unlike no other child star of his era. He was so popular, that Metro Pictures offered him a half-million dollar bonus to leave his established working base at First National Pictures. This deal was astronomical along financial terms, when it was revealed the contract assured Coogan at least one million dollars a year, plus a percentage of the box-office profits. While as a child performer, all this money was placed into a trust fund by his parents, never to be touched until he became an adult. Coogan only received a meager allowance from his family, that didn?t amount to anything close to what he was earning as a film star.

 

Then, it happened: As it is with most child stars, his popularity began to slip as he grew older. By the early 1930s, he tried desperately to keep his career going as a teenager, but by that time, other younger child stars had taken on the position Coogan once enjoyed as a popular child movie star. When it came time for Coogan to get his money that was estimated at around 4 million dollars, a terrible and bizarre event occurred. He was nearly killed in an automobile accident that left his father and another passenger in the car dead. Coogan?s mother was at the time already separated from his father and married to someone else. His mother and stepfather refused to cooperate with the issue of the supposed 4 million dollar trust fund. This situation finally led to a well publicized lawsuit by Coogan against his family. It was revealed that most to the money had been tampered with and once a settlement was reached, the money had dwindled down to 252,000 dollars! In the settlement, Coogan was to receive only half of what was left. This event prompted the state of California to pass the Child Actor?s Bill, later to be known as the ?Coogan Act.? This new law would prevent any misdeeds and abuses of court-administered trust funds for child performers.

 

Coogan was never to recovery his stardom or high position in the movie business. He only managed to have a decent comeback in B-Movies and later on television. He is today best remembered for his role of ?Uncle Fester? in the 1960s sitcom, ?The Addams Family.? Before his death in 1984, he always spoke about what had happened with his career and how his family tried to rob him of all the money he made while he was on top of the movie world. Jackie always said that part of what most fans don?t realize is just how complicated one?s career in movies can become. This is by way of all the greed and ambitions surrounding those who have a stake in what success comes your way. Upon becoming successful, most big stars have to contend with so many outside forces that meddle with the very fabric and core of one?s career. Jackie once said after all his money problems, ?I reached a point to believe, anyone who became a success in the movies meant: you could spend all the money you made to your hearts content.? When you think about it, nothing has really changed these days, we seem to occasionally read about some child star suing his parents and wanting what they believe to be rightfully theirs. If anything might be learned from this and other experiences, stems from that aged old saying: Money is the root of all evil. It?s been the usual routine that most child stars, later on in life, never seem to enjoy the fruits of all their labor.

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As this story about Depp's supposed big salary begins to get wider coverage, it's being reported that he will probably remained in as much seclusion as possible. So far, the press and tabloids are simply waiting for the big announcement. After all, Depp hasn't really signed on the dotted line yet!

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It's hard to conceive of $100 M, whether someone's worthy or not. But I suggest that NO one is worthy of that level of pay, at least no one who's in entertainment or sports. Yet, we buy the films or music, we attend or watch the games ....... seems to me it's a hugh symbol of messed up values.

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