Morgan Freeman’s net worth is estimated to be over $250 million dollars, as of 2020.
Freeman is currently ranked the seventh-highest box office star in the world. He is also said to be one of the few actors to have a combined total box office gross of $4.57 billion, with an average of $71.5 million per film.
Born on the 1st of June 1937, he is a legendary actor, narrator, and producer who undoubtedly commands a lot of respect in the film industry.
Freeman is a veteran to the core and has appeared in many blockbuster movies like “Driving Miss Daisy” (1989) which received lots of accolades. He also appeared in “Street Smart” (1987), and “The Shawshank Redemption” (1994), among many others.
In 2005, he received the Academy Award for the Best Supporting Actor in the movie 2004 movie “Million Dollar Baby”.
He also received the same award for his role in “Invictus”(2009).
Source of Wealth
Freeman’s source of wealth is mainly from his earnings as both as an actor and also as a film producer.
Some of the movies that paid him highest include “Bruce Almighty” (2003) $242,829,261, “The Dark Knight” (2008) $534,858,444, “The Dark Knight Rises” (2012) $448,139,099, and “The LEGO Movie” (2014) $257,760,692.
He also makes money from brand endorsements and sponsorship.
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Morgan Freeman was born on June 1, 1937. His birthplace is in Memphis, Tennessee.
His parents were Morgan Porterfield Freeman and Mayme Edna. His father was a barber and died in 1961 of cirrhosis. His mother Mayme Edna was a teacher and she died in 2000.
His parents were said to have had Niger ancestry.
Morgan was sent to his paternal grandmother in Charleston, Mississippi. During his childhood, he moved frequently from one place in Mississippi to another place in Indiana, and then finally in Chicago.
Freeman attended Broad Street High School in Greenwood, Mississippi. During his time in the school, he started playing lead roles in school plays. He would later win a statewide drama competition.
After graduating from Broad Street High School, he enlisted in the United States Air Force where he served as an Automatic Tracking Radar Repairman, rising to the rank of Airman 1st Class.
He spent four years in the Military and returned to Chicago to start an acting career.
Freeman took drama lessons from the Pasadena Playhouse. He also took dancing lessons in San Francisco.
1964: Freeman began his active career in the theater. He worked as a dancer at the 1964 World’s Fair. At this time, he was a member of the Opera Ring musical theater group in San Francisco.
He also acted in “The Royal Hunt of the Sun”, a 1964 play by Peter Shaffer that dramatizes the relation of two worlds.
In the film “The Pawnbroker”, he was featured as a movie extra.
1967: He made his Off-Broadway debut in a drama.
1968: He debuted at Broadway to perform in the all-black version of the “Hello, Dolly!”, 1964 musical with lyrics and music by Jerry Herman.
1971: Freeman’s first film appearance was in “Who Says I Can’t Ride a Rainbow! He played the role of Afro.
He also started appearing in the television soap opera called “Another World”.
Morgan was also cast in the educational children’s television program titled “Electric Company”. He played different roles in this series. He was Easy Reader, Mel Mounds, Mark, and Vincent the Vegetable Vampire.
1978: Freeman received the Clarence Derwent Awards for his character “Zeke” in the theater drama “The Mighty Gents”. For this same character, he also won the Drama Desk Award for Outstanding Featured Actor in a Play.
1980: Freeman received the Obie Award for his role in the drama tragedy by William Shakespeare and titled “Coriolanus”.
1984: He received another Obie Award for his performance as the preacher in “The Gospel at Colonus” which is an African-American musical version of Sophocles’ tragedy, “Oedipus at Colonus”.
1987: Freeman was cast as Hoke Coleburn the African-American chauffeur of Daisy Werthan in the popular Off-Broadway play “Driving Miss Daisy”.
His role in this play earned him another Obie Award.
He made his breakthrough as an actor this year, especially in the film “Street Smart“. He was nominated for the Best Supporting Actor at the Academy Awards for his role in this film.
1989: Morgan Freeman was outstanding in the following films “Driving Miss Daisy” and the biographical drama film “Lean on Me”.
He was named at the Golden Globe Awards as the Best Actor-Motion Picture Musical or Comedy for his performance in the film “Driving Miss Daisy”.
This year, he also won the Outstanding Actor in a Motion Picture at the NAACP Image Awards. The also received the same award category for his character in “Lean on Me”.
1991: Freeman in the action-adventure film “Robin Hood: Prince of Thieves”.
1992: He was Ned Logan in “Unforgiven” an American revisionist Western film produced and directed by Clint Eastwood
1994: Morgan freeman portrayed Ellis “Red” Redding in the film “The Shawshank Redemption” an adaption of the 1982 Stephen King novella “Rita Hayworth and Shawshank Redemption.
1995 – 2003: He appeared in a lot of hit movies during this period. The list include films like:
- “Outbreak” (1995)
- “Seven” (1995)
- “Chain Reaction” (1996)
- “Kiss the Girls” (1997)
- “Nurse Betty” (2000)
- “The Sum of All Fears” (2002)
- “Bruce Almighty” (2003)
2004: He played the role of Eddie “Scrap-Iron” Dupris in Clint Eastwood produced and directed sports drama film “Million Dollar Baby”.
Freeman won the Best Supporting Actor award at the 2004 Academy Awards for his role in the film “Million Dollar Baby”.
2005 – 2008: Freeman appeared in other films during this period. Some of his films include:
- “Unleashed” (2005)
- “Lucky Number Slevin” (2006)
- “Gone, Baby, Gone” (2007)
- “Feast of Love” (2007)
- “Wanted” (2008)
- “The Dark Knight” (2008)
2009: He portrayed Nelson Mandela in the film American-South African biographical sports drama film, “Invictus“.
At the Black Reel Awards, he received the Best Actor Award for his role and performances in the film “Invictus”.
2010 – 2014: Some other films that Freeman acted include:
- “RED” (2010)
- “Dolphin Tale” (2011)
- “The Dark Knight Rises” (2012)
- “Olympus Has Fallen” (2013)
- “Now You See Me” (2013)
- “The Lego Movie” (2014)
- “Lucy” (2014)
2015: At the 2015 Black Reel Awards, he clinched the Best Voice Performance Award for his role in 2014 “The Lego Movie”.
2016 – 2019: Morgan freeman also acted in films like:
- “London Has Fallen” (2016)
- “Going In Style” (2017)
- “Just Getting Started” (2017)
- “The Nutcracker and the Four Realms” (2018)
- “Angel Has Fallen” (2019)
In 1967, Freeman married Adair Bradshaw. They divorced in 1979. The couple had two children together – Morgana Freeman and Deena Freeman.
In 1984, he got married to costume designer Myrna Colley-Lee. They got divorced in 2010. Freeman and Colley-Lee adopted and raised E’dena Hines together.
Hines was the step-granddaughter of Freeman from his first marriage. Hines was murdered in New York City in 2015. She was 33 at the time of her death.
Before his first marriage, Freeman had two children from his earlier life. One of them is Alfonso Freeman. The name of his other child is Saifoulaye.
Morgan Freeman has a passion for bees and so he has a large acre of land for beekeeping. He also loves flying and has earned a private pilot’s license.
He has at least three private aircrafts including a Cessna Citation 501 jet and a Cessna 414 twin-engine, and an Emivest SJ30.
In 2018, it was reported that had sexually harassed eight women on the set of his movies. He rendered an apology to all those he had offended knowingly or unknowingly.
The Screen Actors Guild (SAG) reviewed his action but decided that he could retain his lifetime achievement award.
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