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Michael Douglas' $350 Million Net Worth - See his 250 Acre Property and All Income Sources

Published Mon Aug 03 2020 By Aashika
Michael Douglas' $350 Million Net Worth - See his 250 Acre Property and All Income Sources

Emmy Award-winner, Michael Douglas is known for his outstanding performance as Liberace in the film ‘Behind the Candelabra’. He has been contributing as a legendary actor in the Hollywood since 1960s. 

He has a whopping net worth of $350 million which he accumulated through his successful acting career.  He also made a huge amount of money as a producer. 

Let’s look at some information about Douglas’s source of income. 

Owner of $4.5 million lavish house 

Actor Douglas and his wife Catherine Zeta-Jones moved from their huge mansion to a smaller one in 2019. The house price in the market is $4.5 million which is four times cheaper than the previous mansion.

His new house, which occupied 11,000 square feet on 12 acres, was built in the year 1930 in the rural community of Long Meadow, about 25 miles from the city of Manhattan. 

It has 8 bedrooms, 10 full bathrooms, and also 2 half baths, kitchen, dining room, living room, library, bar, 7 fireplaces, gym, and indoor pool.

His $4.5 million houses in Long Meadow, New York.
Image Source: Daily Mail 

Real Estate Owner of 250 Acres

He was the owner of the most impressive properties of a 250 acres estate on the coast of Spain called S’Estaca. He bought in 1990 for $3.5 million, which today’s market price is $6 million. 

In 2014, he listed his mansion for sale is $60 million but did not find a buyer. Again, in 2019, he re-listed it for $32 million and got a buyer who is Douglas’s ex-wife Diandra Luker. 

A picture of his S'Estaca mansion that he sold for $32 million.
Image Source: Dwell

In 2015, Michael purchased a 13-acre property in NY’s Westchester Country for $11.3 million, which he listed for sale in 2019. The house was sold in $20.5 million. 

Highest-Earning Movie

Michael Douglas's career hit the peak after giving a block blaster film in 1987. The movie is ‘Fatal Attraction’, directed by Adrian Lyne and written by James Dearden. It was made on the budget $14 million and earned $320.1 million that was a huge amount profit on the box office. 

In the movie, Douglas played the role of Daniel “Dan” Gallagher as a husband of Beth, father of Ellen, and New York attorney who has an affair with his co-worker Alex Forrest and later regrets it. 

His hit movie 'Fatal Attraction'.
Image Source: Wikipedia

Remarkable Salary as an Actor

He has appeared in 58 movies and has earned hundreds of millions of dollars as his salary. Here are some salaries that he collected from his acting in movies. 

He was paid $15 million for “Basic Instinct”, $15 for “The American President”, $20 million for “The Game”, $20 million for “A Perfect Murder”, $5 million for “Wonder Boys”, and $10 million for “Traffic”.

Active Since 1969  -present

Douglas started acting on the CBS-TV special “The Experiment” as a television actor. His filmy career began after he appeared in a film called "Hero Hero!” in late 1960 for which he became nomination for Golden Globe. After that, he starred from 1972 to 1976in series, “The Streets of San Francisco”.

Then after, he gain huge fame and got an opportunity to portrayed in several movies such as ‘The China Syndrome’, ‘Romancing the Stone’, ‘A Chorus Line’, ‘The Jewel of the Nile’, ‘The War of the Roses’, ‘Basic Instinct’, ‘Wonder Boys’, ‘Traffic’, and many more. 

Some collection of a posture of his movies.

Income from Company 

Besides acting, he is also a businessman. In 1992, he founded the short-lived Atlantic Records distributed label Third Stone Records. He founded the label with record producer Richard Rudolph, who became the company’s president and CEO. 

Illegal Settlement

In 1997, James Parker filed a case for Douglas. Because of Douglas of hitting Parker in the groin with an errant golf ball which caused Parker a great distress. The case was later settled out of court by paying $25 million. 

Visit Glamour Path for more information about celebrity net worth.