Net Worth Ranker
What Is Peter Farrelly’s Net Worth?
Peter Farrelly, a prominent figure in American cinema as a director, screenwriter, producer, and novelist, has accumulated a substantial net worth of $40 million. This figure reflects his decades-long career in the entertainment industry, marked by both critical acclaim and commercial success. His primary source of wealth stems from his involvement in numerous film projects, particularly those created in collaboration with his brother, Bobby Farrelly, as the Farrelly brothers.
Career Highlights and Earnings
Peter Farrelly’s career took off with the 1994 comedy “Dumb and Dumber,” which he co-wrote with his brother Bobby and Bennett Yellin. The film grossed $247.3 million at the box office. The Farrelly brothers then released “Kingpin” in 1996 which they directed together. The duo followed up with the 1998 hit “There’s Something About Mary” which they wrote, directed and produced, the film brought in $369.9 million at the box office and earned a Golden Globe nomination for Best Motion Picture – Comedy or Musical. Peter and Bobby wrote and produced 1999’s “Outside Providence.” Peter and Bobby then directed the live-action parts of the 2001 film “Osmosis Jones,” the same year they wrote, directed, and produced “Shallow Hal.” The Farrelly brothers also teamed back up with “There’s Something About Mary” star Ben Stiller with “The Heartbreak Kid,” which they wrote and directed.
A significant milestone in Peter Farrelly’s career was his co-writing, directing, and producing of the 2018 film “Green Book.” This film not only garnered critical acclaim but also significant financial success, grossing $321.8 million at the box office. More importantly, it earned Farrelly two Academy Awards: one for Best Motion Picture of the Year and another for Best Original Screenplay. The revenue generated from “Green Book” and the associated accolades significantly boosted his net worth.
Further contributing to Peter Farrelly’s wealth are his roles as a producer and director on television shows such as “Loudermilk” (2017–2021) and “Lucky Hank” (2023), along with his work on the film “Movie 43” (2013). He also wrote and directed “The Greatest Beer Run Ever” (2022), adding to his income stream. Although specific contract details for these projects are not publicly available, his involvement indicates a steady flow of income from both film and television ventures.
Peter Farrelly’s early career involved the release of two novels: “Outside Providence” (1988) and “The Comedy Writer” (1998). While these novels may have contributed to his initial income, they are not considered primary drivers of his substantial net worth.
Real Estate Assets
Peter Farrelly and his wife, Melinda Kocsis, have invested in real estate, which further contributes to their assets. In March 2018, they purchased a home in Ojai, California, for $2.38 million. Ojai is known for its scenic beauty and attracts celebrities and affluent individuals seeking a serene environment. While the exact address and specific details of the property are not publicly available, such an investment typically appreciates over time, adding to their net worth.
Additionally, the Farrellys own a one-acre oceanfront property on Martha’s Vineyard, acquired in 2016 for an undisclosed sum. As of today, this property is estimated to be worth between $7 million and $8 million. Martha’s Vineyard is a popular vacation destination for the wealthy, and oceanfront properties there are highly valued. The significant appreciation in the value of this property represents a substantial increase in their net worth.
Early Life and Education
Peter John Farrelly was born on December 17, 1956, in Phoenixville, Pennsylvania, to Mariann Neary, a nurse practitioner, and Robert Farrelly, a doctor. He grew up in Cumberland, Rhode Island, with his siblings Bobby, Cindy, Beth, and Kathy. He attended Kent School, graduating in 1975. Following high school, Farrelly pursued accounting at Providence College before earning a master’s degree in fine arts from Columbia University in 1986. These educational experiences laid the groundwork for his future career in the entertainment industry, although they did not directly contribute to his initial net worth.
Awards, Nominations, and Recognition
Peter Farrelly’s “Green Book” won two Academy Awards in 2019, specifically for Best Motion Picture of the Year and Best Original Screenplay. The film also earned him awards from the Golden Globes, Austin Film Festival, Denver International Film Festival, Hollywood Film Awards, New Orleans Film Festival, Palm Springs International Film Festival, PGA Awards, Philadelphia Film Festival, St. Louis International Film Festival, Toronto International Film Festival, Boston Film Festival, Phoenix Film Critics Society Awards, Virginia Film Festival, Capri, Hollywood, Mill Valley Film Festival, Twin Cities Film Fest, Detroit Film Critics Society Awards, and Middleburg Film Festival.
For “There’s Something About Mary,” the duo won a Vision Award for Theatrical Motion Pictures at the PGA Awards and received a Boston Society of Film Critics Award nomination for Best Screenplay. The Farrelly brothers won the award for Screenwriter of the Year at the 1999 ShoWest Convention, and at the 2001 Montréal Comedy Festival, they earned the Just For Laughs Award for “Osmosis Jones.”
The Media Access Awards have honored Peter with the Norman Lear – Geri Jewell Lifetime Achievement Award (2015) and the IMDbPro – Media Access Award for Excellence in Directing (2022).
