Sylvester Stallone has made a name for himself as a bankable actor with numerous awards and nominations throughout his 6 decade long career. The 77-year-old actor – who began his career as an uncredited extra in 1969’s Downhill Racer, has starred in several box office hits and played characters such as Rocky Balboa in the Rocky franchise, John Rambo in all five Rambo films, Has brought it to life. And Barney Ross in The Expendables.
The actor – who has also starred in Cobra, Tango and Cash, Cliffhanger, The Specialist, Demolition Man, Creed, Escape Plan and others, is a multi-millionaire. But how did he make so much dough, and where does he spend it?
Over the years, Sylvester Stallone has seen an increase in the amount he gets paid for starring in films, thereby increasing his net worth. According to Celebrity Net Worth, the actor has a net worth of $400 million. Scroll down to know how he earned so much money and the various things – cars and houses – that he spends on.
Sylvester Stallone reportedly received $3.5 million for First Blood in 1982, made $10 million – and had his first producer credit for Staying Alive. He then received $4 million and his second producer credit for Rhinestone. The following year, he won $12 million and an additional producer award for Rocky IV. In 1985, he earned $16 million for Rambo III and $12 million for Over the Top.
Sylvester Stallone then made approximately $15 to $16 million for Lock Up, Tango & Cash, Rocky V, Oscar, Demolition Man, Judge Dredd, Assassins, The Specialist, The Expendables I and The Expendables II, before paying $17.5 million. Earned. for Daylight and $20 million for Driven and I See You. According to reports, the veteran actor earned approximately $300 million (adjusting for inflation, approximately $500 million) in base film salary between 1970 and 2012.
In addition to acting in films, Sylvester also formed his own production studio – Balboa Productions – with Braden Aftergood in March 2018. Some of the titles produced by the studio are Rambo: Last Blood, Creed III, and Samaritan. The studio is currently working on several projects, including a film depicting the story of the first African-American boxing heavyweight champion Jack Johnson, aka the Galveston Giant, a remake of the Korean action thriller film The Gangster, the Cop, the Devil, and a remake of the Korean action thriller The Gangster. More.
Sylvester Stallone has also recorded songs for several films, such as the ‘Gonna Fly Now’ theme for the first Rocky and ‘Take Me Back’ in Rocky IV. She also sang a duet with Dolly Parton in her film Rhinestone in 1984. He is also a boxing promoter and his company is named Tiger Eye Productions.
In regards to real estate, Sylvester Stallone’s name has been linked to several properties over the years – such as selling a home in Coconut Grove, Florida in 1999 for $16 million. For the past few decades, Stallone has been living in a mansion in a gated community at the top of Beverly Hills called Beverly Park. Built on 3.5 acres of land, the actor’s home measured 20,000 square feet and made him neighbors of A-list celebs like Eddie Murphy, Mark Wahlberg and Denzel Washington. In January 2021, it was reported that Sylvester was listing the home for a staggering $130 million; However, in August 2021, they reduced the price to $85 million and, in December 2021, accepted an offer of $58 million. Adele bought it, and it was the highest price ever paid for a house in Beverly Park.
In January 2010, Sylvester and his wife, Jennifer Flavin, took a vacation to La Quinta, California, at a whopping $4.5 million. Since 2014, he tried to sell this house several times. He reduced the asking amount in 2016 to $3.625 million, about $1.4 million less than what he paid to acquire it, before finally selling it for $3.1 million in May 2020.
In December 2020, the ‘Escape Plan’ actor purchased a 13,000-square-foot mansion worth $35.4 million, built on a 1.5-acre property in Palm Beach, Florida. In February 2022, the now 77-year-old actor spent $18.2 million for a 2.26-acre estate in Hidden Hills, California. The actor was in the news for negative reasons about this property after it was revealed in August 2022 that the property was using excessive amounts of water – it was reportedly exceeding its monthly water allotment by 195,000 gallons in May 2022 and 195,000 gallons in June 2022. In excess of 230,000 gallons. In December of that year, Sylvester Stallone listed the property for $22.5 million. Just last month, he sold the house to musician John Fogerty for $17 million, another property that cost him more than a million dollars compared to what he initially paid for.
Apart from loving real estate, Sylvester Stallone is also fond of fast cars. The actor – who, according to Carhp, is a car enthusiast, owns an all-black Bugatti Veyron worth about $2 million, a metallic black Bentley Continental GTC worth about $240K, a custom-built Ferrari 599 GTB Fiorano which was purchased for $161. K, a 1932 Highboy hot rod that was valued at approximately $330K and a custom red and black Mustang Ford GT that was valued between $30,920 to $63,265.
He owns a $67,495 Chevrolet Corvette C8 Convertible, a Rolls Royce Phantom that can cost up to $540K, a Porsche Panamera whose price range starts at $92,400, a Mercedes-Benz G63 AMG whose price range starts at $180,150 and a 1968 is also. The price of the Chevrolet C3 Corvette is around $129K.
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