Sylvester Stallone is one of the most iconic and successful actors in Hollywood, best known for creating and starring in the Rocky and Rambo film series. He is also a writer, director, producer, and entrepreneur who has been involved in various business ventures. But how rich is he now? According to Celebrity Net Worth, Sylvester Stallone’s net worth in 2023 was approximately $400 million.
In this article, we will explore how he earned his fortune, his early life and career, his other ventures and personal life, and his real estate portfolio.
Sylvester Stallone’s Net Worth and Salary
Stallone’s net worth of $400 million is largely derived from his earnings as an actor and screenwriter. He has written and produced many of his own films, especially the Rocky and Rambo franchises, which have generated more than $4 billion in global revenue. He has also starred in numerous action films that were commercially successful but often critically panned, such as Cobra, Tango and Cash, Cliffhanger, Demolition Man, and The Expendables.
Stallone’s salary has increased significantly throughout his career. He started with a modest $23,000 for writing and starring in Rocky (1976), which earned $225 million on a budget of $1 million. He then earned $3.5 million for First Blood (1982), $10 million for Staying Alive (1983), $12 million for Rocky IV (1985), $16 million for Rambo III (1988), and $20 million for several films in the 1990s and 2000s, such as Driven, Eye See You, and Daylight Between the 1970s and 2012 alone, Stallone earned $300 million in base film salaries, which would be equivalent to $500 million today after adjusting for inflation.
Early Life and Career
Stallone was born on July 6, 1946, in New York City. He had a difficult childhood due to a nerve damage in his face that caused partial paralysis of his lip, tongue, and chin. He also faced family problems, school troubles, and financial struggles. He attended several schools before graduating from the University of Miami with a BFA degree.
Stallone moved to New York City in 1969 and later to Hollywood in 1974 to pursue an acting career. He struggled to find roles and worked various odd jobs to make ends meet. He even appeared in an adult film called The Party at Kitty and Stud’s (1970). He got his first critical acclaim for his role as Stanley Rosiello in The Lords of Flatbush (1974).
Stallone’s breakthrough came when he wrote and starred in Rocky (1976), a film about an underdog boxer who fights for glory and love. The film was a huge success, winning three Academy Awards, including Best Picture, and earning Stallone two nominations for Best Actor and Best Original Screenplay. The film also spawned seven sequels: Rocky II (1979), Rocky III (1982), Rocky IV (1985), Rocky V (1990), Rocky Balboa (2006), Creed (2015), and Creed II (2018). Stallone reprised his role as Rocky Balboa in all of them except Creed II, where he only had a cameo appearance.
Stallone’s other major role was John Rambo, a traumatized Vietnam War veteran who fights against injustice and oppression. He first played the character in First Blood (1982), which was followed by four sequels: Rambo: First Blood Part II (1985), Rambo III (1988), Rambo (2008), and Rambo: Last Blood (2019). Stallone wrote or co-wrote all of them except the last one.
Other Ventures and Personal Life
Stallone has also been involved in various business ventures over the years. He co-founded the Planet Hollywood restaurant chain with Bruce Willis and Arnold Schwarzenegger in the 1990s. He also launched his own line of fitness supplements called Sly Stallone Instone Nutrition in 2005. He has also invested in real estate, art, boxing promotion, comic books, clothing, and video games.
Stallone has been married three times. His first wife was Sasha Czack, whom he married in 1974 and divorced in 1985. They had two sons: Sage Stallone (1976-2012) and Seargeoh Stallone (born 1979). His second wife was Brigitte Nielsen, whom he married in 1985 and divorced in 1987. His third and current wife is Jennifer Flavin, whom he married in 1997. They have three daughters: Sophia Stallone (born 1996), Sistine Stallone (born 1998), and Scarlet Stallone (born 2002).
Real Estate and Ultimate Net Worth
Stallone owns several properties across the US. He has a mansion in Beverly Hills, California, that he bought in 1998 for $10 million. The 16,000-square-foot house has eight bedrooms, nine bathrooms, a gym, a library, a wine cellar, and a pool. He also has a 3,600-square-foot house in Lake Sherwood, California, that he bought in 2008 for $4.85 million. The house has three bedrooms, three bathrooms, a guest house, a boat house, and a barn.
Stallone also has a home in Palm Beach, Florida, that he bought in 2020 for $35.38 million. The 13,241-square-foot house has seven bedrooms, ten bathrooms, a pool, a spa, and a waterfront view. He also sold his home in La Quinta, California, in 2020 for $3.35 million. The 5,173-square-foot house had four bedrooms, five bathrooms, a pool, and a golf course view.
Stallone’s total net worth can be calculated by adding his earnings from his films and other ventures and subtracting his expenses and taxes. According to Forbes, Stallone earned $62 million in 2019 and $43.5 million in 2020 from his films alone. Assuming he earned an average of $50 million per year from his films and other ventures since 2012, his total earnings would be around $500 million. Assuming he paid an average of 40% in taxes and spent an average of 10% on his lifestyle and expenses, his net worth would be around $200 million. Adding his real estate assets worth about $45 million, his ultimate net worth would be around $245 million.
Conclusion
Sylvester Stallone is one of the most legendary actors in Hollywood who has created and starred in some of the most iconic film franchises of all time. He has also been a writer, director, producer, and entrepreneur who has been involved in various business ventures. His net worth in 2023 was estimated to be $400 million by Celebrity Net Worth. However, based on our calculations using his earnings from his films and other ventures and subtracting his taxes and expenses, his ultimate net worth would be around $245 million. Regardless of the exact figure, Stallone is undoubtedly one of the richest and most influential celebrities in the world.
