Net Worth Ranker
What Is Tim Allen’s Net Worth?
Tim Allen, born Timothy Alan Dick on June 13, 1953, in Denver, Colorado, has amassed a substantial net worth of $100 million. This financial success is a culmination of his diverse career spanning stand-up comedy, television, film, and authorship. Allen’s journey from a challenging childhood, marked by the loss of his father at age 11 and a subsequent move to Michigan with his five siblings and stepfather (who had three children of his own), to becoming a household name is a testament to his resilience and talent.
Key Career Highlights and Earnings
Allen’s career began in 1975 when he was dared to perform stand-up comedy at a Detroit club. His natural comedic timing and relatable humor quickly gained traction, leading to appearances on cable comedy shows and television advertisements. However, his career faced a significant hurdle in 1978 when he was arrested for drug trafficking and sentenced to three years in prison. After serving just over two years, Allen resumed his comedy career at The Comedy Store in Los Angeles, which opened doors to various talk show appearances. His net worth can be attributed to his consistent work in various fields of entertainment.
His big break came in 1991 with the sitcom “Home Improvement.” Allen earned $1.25 million per episode during the show’s peak seasons. Adjusted for inflation, this equates to approximately $1.9 million per episode today, solidifying his position as one of the highest-paid television actors of all time. For context, this peak salary is the fifth-highest ever paid to a TV actor.
Following the success of “Home Improvement,” Allen transitioned to film, with the Santa Clause trilogy. He voiced Buzz Lightyear in the “Toy Story” franchise, earning $50,000 for the original Toy Story, and later, $5 million for Toy Story 2. His role in “Galaxy Quest” earned him $2 million. Additionally, he earned $12 million for his role in “Joe Somebody.”
Tim Allen’s salary for “Last Man Standing” was $235,000 per episode. He was also offered $2 million per episode for a ninth season of “Home Improvement.” However, the deal fell through when his co-star, Patricia Richardson, requested equal pay, and ABC chose to end the series instead.
Allen’s income is supplemented by brand endorsements and advertisements. In 2009, he narrated the “Pure Michigan” TV and radio commercials for Travel Michigan. In 2010, he narrated commercials for the Chevrolet Cruze and promoted Campbell’s Soup in their “It’s Amazing What Soup Can Do” campaign.
Real Estate and Personal Assets
Tim Allen is a car enthusiast with a collection that includes a 1965 Shelby Cobra, a 1956 Ford F-100 custom-made by McLaren, and a 1966 Ferrari 330 GTC estimated to be worth over $3.4 million. In 2015, he listed his 2,604-square-foot ranch home in Bel Air for $1.95 million.
Early Life and Education
Timothy Alan Dick was raised alongside five siblings. His father, a real estate agent, died in a car accident when Timothy was just 11 years old. His mother remarried two years later, and she brought her children with her to live with her new husband in Michigan. His mother’s new husband already had three children, meaning the family now contained nine children. When Allen attended high school, he quickly became involved in theater and drama. He also became an accomplished musician after learning how to play the piano. Although Tim Allen would later excel in the entertainment industry, he didn’t pursue acting or comedy during his post-secondary education. He attended Central Michigan University and Western Michigan University, eventually graduating from the latter institution in 1976 with a Bachelor of Science degree in communications. Radio and television production was Allen’s primary focus, and he became intimately involved with the college’s student radio station.
Career Details
Tim Allen’s comedy career started in 1975 when friends dared him to perform stand-up at a Detroit club. He was a hit, which led to appearances in cable comedy shows and television ads. In 1978, he was arrested and charged with a drug trafficking felony, after being caught at the Battle Creek International Airport with nearly 1.5 pounds of cocaine. Allen provided the names of other drug dealers in exchange for a reduced 3-year sentence. He was released after just over two years in prison. Allen went back to comedy after his release and began performing at the Comedy Store in Los Angeles. Over the years, Tim Allen has continuously performed various stand-up routines. Tim Allen’s big break as an actor came in 1991 when he was cast in Home Improvement. Prior to this, Allen wasn’t known for his abilities as an actor, and he stated that he drew heavily from personal experiences to make his role in the show seem believable. Home Improvement was produced by Wind Dancer Productions, a company that he had co-founded.
In 1994, Tim Allen took the role of Santa Claus in that year’s highest-grossing film, Disney’s The Santa Clause. Next year, Allen voiced the iconic character of Buzz Lightyear in the Pixar hit Toy Story. In 1997, he starred in another Disney production, Jungle 2 Jungle, before reprising his role as Buzz in Toy Story 2 the following year. That year, Tim Allen ran into legal troubles once again after being arrested for DUI. In 1999, he appeared in the sci-fi comedy Galaxy Quest alongside acting greats such as Sigourney Weaver, Alan Rickman, and Sam Rockwell. During the 2000s, Allen appeared in a range of Christmas films, including Santa Clause 2, Santa Clause 3, and Christmas with the Kranks. During that decade, he also starred in Redbelt, Zoom, and The Shaggy Dog. To close out the decade, Tim Allen made his directorial debut with the film Crazy on the Outside. In 2011, Tim Allen booked another leading role in a sitcom, this time with Last Man Standing. The series is about a conservative dad who is the only man in a house filled with women. Like Home Improvement, the show is a reflection of Allen’s real-life experiences, as he’s a Republican in a female-dominated family. In 2017, the series was canceled by ABC, but it was picked up by Fox in 2018. In the days leading up to ABC’s cancelation of Last Man Standing, Tim Allen booked a role in yet another Christmas movie: El Camino Christmas. Allen then reprised the role of Buzz Lightyear for a cameo spot in 2018’s Ralph Breaks the Internet and 2019’s Toy Story 4. In February 2023, Tim Allen announced he would return for Toy Story 5. Tim Allen became the creator, executive producer, and host of 2021’s Assembly Required and 2022’s More Power, the latter of which he reunited with Richard Karn. Allen also resumed the role of Scott Calvin/Santa Claus in the Disney+ series The Santa Clauses.
Details of Lost $50 Million Payday
In 1999, ABC executives offered Tim Allen a stunning $2 million per episode to return for a ninth season of “Home Improvement”. ABC offered his co-star Patricia Richardson $25 million, $1 million per episode. Patricia Richardson asked to be paid parity with Tim, $2 million per episode and ABC opted to end the series.
Published Books
In 1994, Tim Allen topped the New York Times Bestseller’s list with his book Don’t Stand Too Close to a Naked Man. In 1996, he followed up on his earlier success with the release of I’m Not Really Here.
Personal Life and Details
Tim Allen married his first wife, Laura Deibel, in 1984. They had one daughter together in 1989 before separating in 1999. In 2006, Tim Allen married his second wife, Jane Hajduk. They had been dating for five years prior to their marriage. In 2009, Tim Allen and Jane Hajduk had a daughter together. Tim Allen is well known for his Republican political stance. He has appeared on Fox News shows to be interviewed by Sean Hannity, and he also supports Republican presidential candidates. After initially supporting John Kasich, he publicly supported Donald Trump in the 2016 presidential election.
Allen is a car enthusiast and even competed in endurance racing for Saleen in a co-owned car in the 1990s, including the 24 Hours of Daytona.
