How Matt Damon Achieved a Net Worth of $170 Million

Matt Damon

Believe it or not, actor Matt Damon has recently turned 48 years old, and yet he continues to be one of Hollywood’s main box office attractions. He also continues to be nominated for many of the profession’s highest accolades, including Oscars and Golden Globes. His estimated net worth of $170 million may actually be higher, only because there is a wealth of information available on his income and net worth, so we figure there is something he must be hiding.

The popular story is that Damon and fellow actor Ben Affleck wrote the screenplay for the movie they both appeared in – Good Will Hunting – and that was the start of a meteoric career for Damon. Affleck has not fared as well, but regardless, both stories are interesting as they are in many ways a rags to riches journey for both men.

Damon made a reported $600,000 for his co-starring role in Good Will Hunting, the same he would make for his next effort in Rounders. Hollywood executives recognized his box office appeal, and his next film, The Talented Mr. Ripley would raise that figure to a cool $5 million.

But that was only the beginning, as in the year 2000 he would make an astonishing $7 million for The Legend of Bagger Vance. Agreed, this may not have been what many people remember him for, and it seems Hollywood recoiled a bit, with his earnings for a second year 200 film, All the Pretty Horses backed off to $5.5 million.

With the decline in popularity, or at least Damon’s inability to pick the right scripts that matched his talent, he made a smart career move by teaming up with established stars such as George Clooney in Ocean’s Eleven. Though that only brought him the expected $5 million, it would lay the foundation for the Bourne Trilogy, which pushed him into the $10+ million per film club. Only once, in 2014 in the movie Interstellar would he make less than that $10 million figure. Starring in The Martian added $25 million to his net worth total.

Damon also made significant money as a producer, raking in more than $10 million from his efforts in movies like Stolen Summer, The Battle of Shaker Heights, and Feast. Though not the most favorably reviewed movies, Damon also tried his hand at screenwriting later on with mixed success. Like the journey through his acting career, he seems to have learned to stick what he is best at and know when to back off. This is not saying he will not return to a behind the scenes player down the road, but for now he seems to be enjoying his life and his wealth.

He also has a number of properties, whether they are for investment or just personal playgrounds. There is his Miami Beach mansion that has an estimated value of $20 million (it is located on North Bay Road in case you were curious), a Pacific Palisades mansion on the other side of the country that is worth $16 million, a Manhattan apartment on the Upper West Side (apparently he is not a huge fan of New York City) that he pays $20 million for, and a second Miami Beach home worth $10.5 million.

As for the future of the mega millions actor, he is currently married to Argentinian Luciana Barroso with whom he has 3 daughters with. Married since 2005, the couple seems both happy and secure, as Damon has settled down into the role of husband and father. But he currently has a new acting project in the works, Ford versus Ferrari so as he approaches 50 he follows in the footsteps of other legendary actors such as Clint Eastwood. Expect him to add another $25 million or so to his total net worth.

However, there are some potential financial obstacles for Damon as he, fairly or unfairly, has been accused of sexual assault and inappropriate sexual conduct by several women. Though nothing has come from the accusations, his popularity and fame will likely attract other accusers. The effect on his box office value has yet to be determined, but he has tended to keep a low profile until the momentum of the #metoo movement has subsided.

It is likely Damon has other investments but like most other celebrities no exact figure can be arrived at. Credit Damon with being relatively transparent about his financial situation, yet we have to believe that some of those properties he owns are likely to go on the auction block sooner than later. After all, what are you going to do with two Miami Beach homes?



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