Net Worth Ranker
What Is Kevin Hart’s Net Worth?
As of 2024, Kevin Hart’s net worth is estimated to be $450 million, establishing him as one of the highest-paid entertainers globally. His substantial net worth is a result of his diverse income streams, including stand-up comedy, film roles, endorsements, and business ventures. A significant contributor to Kevin Hart’s net worth is his media company, HartBeat, which was valued at $650 million in May 2022.
Early Life and Career Beginnings
Kevin Hart was born on July 6, 1979, in Philadelphia, Pennsylvania. He spent his childhood in Philadelphia, raised by his mother, Nancy, who worked as a systems analyst at the University of Pennsylvania in the Office of Student Registration and Financial Services. He attended George Washington High School before briefly attending the Community College of Philadelphia. He later dropped out and relocated to New York City and eventually the Boston area, where he worked as a shoe salesman. His early experiences performing at The Laff House in Philadelphia, even with initial setbacks, were crucial steps in shaping his comedic style. He transitioned from imitating established comedians like Chris Tucker to developing his unique voice and storytelling.
Stand-Up Comedy Success and Touring Earnings
Kevin Hart’s breakthrough in comedy began with his performances on Comedy Central, featuring specials like “I’m a Grown Little Man” and “Seriously Funny.” His comedy tours have been incredibly successful, generating substantial revenue. The “Laugh at My Pain” tour in 2011 grossed over $15 million, marking it as one of the best-selling comedy tours of that year. His “What Now?” tour, spanning from April 2015 to August 2016, included 168 shows worldwide. The “Irresponsible Tour,” held between September 2017 and January 2019, comprised 119 shows. During a typical touring year, Kevin Hart can earn between $50 and $60 million, with peak earnings reaching $90 million between August 2015 and August 2016.
Film Career and Box Office Achievements
Kevin Hart has achieved considerable success in the film industry, starring in numerous box office hits that have collectively grossed over $1.3 billion worldwide. Notable films include “Ride Along,” “Central Intelligence,” and the “Jumanji” franchise. His roles in “Jumanji: Welcome to the Jungle” and its sequel, “Jumanji: The Next Level,” have significantly contributed to his film earnings. In 2022, he starred alongside Mark Wahlberg in “Me Time.” In January 2021, Hart signed a first-look deal with Netflix, which included starring roles in “Fatherhood” (released in June 2021) and “Lift” (scheduled to premiere in January 2024). These film roles have not only boosted his visibility but also significantly increased his net worth.
HartBeat Productions and Media Ventures
In 2009, Kevin Hart founded HartBeat Productions, a company that manages his movie, television, comedy, and radio productions. HartBeat employs over 40 people and has become a significant asset in his portfolio. In May 2022, HartBeat received a $100 million investment from Abry Partners, a private equity firm, valuing the company at $650 million. Kevin Hart retains an 85% stake in HartBeat, which, at that valuation, is worth $552 million. This majority stake in HartBeat is a cornerstone of Kevin Hart’s net worth. In 2018, he launched Laugh Out Loud (LOL), a comedy streaming service that includes a radio show on Sirius Satellite Radio, further expanding his media presence.
Endorsements and Business Partnerships
Kevin Hart has secured numerous endorsement deals and partnerships with prominent brands, including Samsung, Wrangler, AT&T, Mountain Dew, and PokerStars. In 2017, he launched an underwear line with Tommy John. These endorsements and business ventures contribute significantly to his annual income and overall net worth. These strategic partnerships enhance his brand and provide substantial revenue streams beyond his entertainment projects.
Real Estate Investments
Kevin Hart’s real estate portfolio includes several properties in California. In 2012, he purchased a house in Tarzana, California, for $1.99 million and sold it for $2.75 million in mid-2019. His primary residence is a large mansion within a gated community in Calabasas, California. In 2015, he bought a 26-acre plot of undeveloped land for $1.35 million and subsequently spent $5 million constructing a 9,600-square-foot Spanish villa-style home. In 2021, he expanded his Calabasas property by purchasing the neighboring mansion for $7 million, bringing his total land holdings to 42 acres. These real estate investments reflect his strategic asset management and contribute to his overall net worth.
Other Ventures and Investments
In August 2022, Kevin Hart launched Hart House, a vegetarian restaurant chain intended to compete with fast-food options by offering plant-based alternatives. The first location opened in Los Angeles, featuring a menu of veggie burgers and Chick’n products. In addition to Hart House, his involvement in the poker scene, as of September 2020, has earned him $47,828 in live tournament prizes. These diverse ventures and investments highlight his entrepreneurial spirit and contribute to the growth of his net worth.
Annual Earnings and Financial Milestones
Kevin Hart’s annual earnings have varied significantly, reflecting his diverse income streams. Between August 2015 and August 2016, he earned $90 million from touring, movies, merchandise, and endorsements. From June 2017 to June 2018, his earnings totaled $60 million, and he made another $60 million between June 2018 and June 2019. In the following 12-month period, his earnings were $40 million. These financial milestones underscore his consistent success and strategic management of his career and investments, contributing to his substantial net worth. The valuation of HartBeat at $650 million in May 2022 marked a significant milestone, solidifying his position as a successful entrepreneur in the media industry.
Personal Life and Public Persona
Kevin Hart was married to Torrei Hart from 2003 to 2010, and they have two children: daughter Heaven Leigh, born in 2005, and son Hendrix, born in 2007. He married Eniko Parrish on August 13, 2016, in Santa Barbara, California, and they have two children: son Kenzo Kash, born in November 2017, and daughter Kaori Mai, born in September 2020. His personal life, including his family and relationships, often features in his comedic material, enhancing his relatability and connection with his audience. His height is 5 foot 4 inches tall.
