Dustin Hoffman Net Worth

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Dustin Lee Hoffman, born on August 8, 1937 in Los Angeles California, is an American actor, television and film producer, film director and voice actor. Unlike many other actors who had strong dreams of becoming an actor from their childhood, Hoffman is not the one of them. Dustin started his career by acting in college simply because he took the subject in order to get more credits that were supposed to prevent him from failing to graduate.

So just how rich is Dustin Hoffman? Sources have estimated that Dustin’s net worth is $50 million, most accumulated from his long career in the entertainment industry, but also including assets such as a house in Malibu and another in Brentwood, where the average cost of a house is $4 million. His Malibu house is estimated to be worth $7.8 million dollars. Dustin also owns a Porsche 911 (1997) Carrera Cabriolet, Tesla Roadster, and a Black Toyota Prius.

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Dustin Hoffman Net Worth $50 Million

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In 1955, Dustin graduated from Los Angeles High School and soon after enrolled at Santa Monica College where he was supposed to study medicine. This fact once again supports the fact that Dustin did not have any idea of becoming a popular actor.

Once he actually started focusing on his acting career, Dustin acted in many minor roles in plays in Pasadena and on Broadway, including with friend and future Academy Award winner Gene Hackman, but eventually earned fame and his first Academy Award nomination for his role in the film “The Graduate” (1967) directed by Mike Nichols  and co-starring Anne Bancroft, with Hoffman’s net worth  growing as he was paid $17,000 for this film, but he still actually preferred theater, where he had the opportunity to play many different roles. Subsequently, his starring role in “Midnight Cowboy”(Best Picture – 1969) earned him accolades including an Academy Award nomination, partly because it was so different from “The Graduate”.

Later on, Dustin Hoffman was earned $42,500 for acting in “John and Mary” (1969). Roles in such movies as  “Lenny” (1974), “Marathon Man” (1976), ” All the President’s Men” (1976), “Tootsie” (1982), “Rain Man” (1988) among many others earned him solid sums which considerably benefited Dustin Hoffman’s net worth. Dustin appeared in “Little Fockers” (2010) directed by Paul Weitz, and for just a five day shoot in this movie, Dustin increased his net worth bigger by $7.5 million. In 2011, Hoffman performed in the TV series “Luck”.

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Despite all these successful movies, “Straw Dogs” (1971) directed by Rod Lurie, although a box office success received negatives critiques, although Hoffman`s performance was praiseworthy. Dustin`s main failure is the movie “Ishtar” (1987), for which he was paid $6 million. Despite this, “Ishtar” was eventually nominated as one of the worst movies in cinema history.

Dustin Hoffman`s awards confirm him as a very successful actor though: five Golden Globes, two Academy Awards, three Drama Desks, one Emmy and one Genie Award. Hoffman has also earned four BAFTAs and in 2009 became a recipient of AFI Life Achievement Award. Since 2012 he is an awardee of Kennedy Honors. In the same year Dustin released “Quartet”, the first movie directed by him.

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In his personal life, Dustin Hoffman was married to Anne Byrne (1969-80), and has been married to Lisa Gottsegen Hoffman since 1980: the couple has six children. The fact that he supports five charities, such as 826 National, Achievable Foundation, Cinema for Peace, Declare Yourself and Musicares, makes it clear Dustin Hoffman’s net worth is genuine.

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