Larry Hagman Net Worth

Overview

Larry Martin Hagman (1931-2012) was an American film and television actor, director, and producer, best known for his role as the diabolical oil baron J. R. Ewing in the 1980s primetime television series ‘Dallas’. Earlier in his career, Larry gained recognition for playing Major Anthony Nelson on the sitcom ‘I Dream of Jeannie’. Hagman was born in Fort Worth, Texas, the son of actress Mary Martin and attorney Benjamin Hagman. He began his acting career on the stage and appeared in several Broadway and off-Broadway plays. He served in the United States Air Force, producing and directing shows for service members. His television career took off in the 1960s. Besides ‘Dallas’ and ‘I Dream of Jeannie,’ Hagman appeared in many films, including ‘Fail Safe,’ ‘Harry and Tonto,’ and ‘Primary Colors.’ He was also actively involved in civic and philanthropic events and served as the chairperson of the American Cancer Society’s ‘Great American Smokeout’ from 1981 to 1992. Larry Hagman died on November 23, 2012, in Dallas, Texas, from complications of throat cancer.

What Was Larry Hagman’s Net Worth and Salary?

What Was Larry Hagman’s Net Worth?

At the time of his death in 2012, Larry Hagman, the acclaimed American film and television actor, had a net worth of $30 million. This figure reflects his successful career spanning several decades, primarily fueled by his iconic role as J. R. Ewing on the television series “Dallas,” but also encompassing his work on “I Dream of Jeannie” and numerous film appearances.

Early Career and Television Success

Larry Hagman’s journey to accumulating his net worth began with early stage performances. He transitioned into television, debuting in 1957 in an episode of “Decoy.” His career gained momentum with his role as Major Anthony Nelson in the sitcom “I Dream of Jeannie,” which aired on NBC for five seasons, from 1965 to 1970. While specific salary details from this period aren’t publicly available, the show’s success undoubtedly contributed to his growing financial stability. From 1971 to 1972, Hagman starred on another NBC sitcom, “The Good Life”. From 1978 to 1991, Hagman embodied the character of J.R. Ewing on “Dallas”, which played a crucial role in building his $30 million net worth.

“Dallas” Salary Negotiations and Earnings

Hagman’s role as J. R. Ewing on “Dallas” significantly impacted his net worth. Initially, in 1980, he earned $15,000 per episode. However, recognizing his value to the show, Hagman, through his agents, renegotiated his contract. He demanded $100,000 per episode, which, adjusted for inflation, is equivalent to approximately $350,000 today. The network executives initially resisted, even suggesting recasting the role with a new actor through plastic surgery as the plotline. Ultimately, Hagman secured his demand. His salary eventually increased to $250,000 per episode. Additionally, Hagman negotiated a share of the J. R. Ewing merchandise royalties. Hagman appeared in all 357 episodes of “Dallas”.

Film Career and Other Ventures

In addition to his television success, Hagman also appeared in numerous films, further contributing to his net worth. He debuted on the big screen in 1964, with roles in “The Cavern,” “Ensign Pulver,” and “Fail Safe.” Other notable film credits include “In Harm’s Way,” “The Group,” “Harry and Tonto,” and “Superman.” He also directed “Beware! The Blob.” While specific earnings from these film roles aren’t publicly documented, they added to his overall income. Beyond acting, his real estate investments also played a role in accumulating his net worth.

Real Estate Holdings

Larry Hagman and his wife Maj owned several properties, including a Santa Monica condo and an estate in Ojai, California. In January 2013, after Hagman’s passing, his estate sold the Santa Monica condo for $5 million. The Ojai estate, a 43-acre property purchased in the 1980s, featured a 17,500 square foot home with amenities such as a helicopter pad, an infinity pool, an indoor lap pool, and orchards. Hagman installed a solar system costing $750,000, reducing his annual electrical bill from $30,000 to $13. The Ojai estate was listed for sale in 2009 for $11 million and ultimately sold in 2013 for $6.5 million. The buyer was the Church of Scientology, which now operates a drug treatment facility called Narconon, Ojai at the property.