Jamie Foxx is a multitalented superstar with an estimated $170M net worth. Foxx is celebrated for his Emmy-winning acting prowess and Grammy-winning musical talent. Here’s how he invests.
Updated Jul 18, 2023
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Before he was Jamie Foxx, Eric Marlon Bishop was just a kid from Texas with Hollywood ambitions.
Today, the American actor, singer, and comedian is worth an estimated $170 million. Foxx first gained recognition for his stand-up comedy act before getting his big break with a role in the hit TV series In Living Color. This gig launched his career and got him on the Jamie Foxx Show.
Jamie Foxx's net worth has grown thanks to an impressive Hollywood career, including an Academy Award-winning performance as Ray Charles and roles in movies like Django Unchained, Miami Vice, and The Amazing Spider-Man 2.
Beyond acting, Foxx has also released successful studio albums, adding to his net worth by showcasing his Grammy-winning musical talent.
There's no doubt that Jamie Foxx has had a huge impact on the entertainment industry—and made a killing along the way.
Net worth | $170 Million |
Born | December 13, 1967 |
Nationality | American born in Terrell, Texas |
Became a millionaire at | 35 |
Occupations | Professional actor and singer |
Sources of wealth | Entertainment, Brown Sugar Bourbon, The Best Paddle, and Privé Revaux Eyewear |
Asset classes | Luxury cars, startups, and real estate |
Jamie Foxx's journey to his first million dollars began with a combination of his stand-up comedy success and his role in the popular TV series In Living Color. Soon after, the United States International University graduate landed his own show, the Jamie Foxx Show, which further bolstered Jamie Foxx’s career and net worth.
As Foxx gained recognition, he secured notable film roles, ultimately leading to a BAFTA, a Screen Actors Guild Award, a Golden Globe Award, and an Academy Award for Best Actor. Jamie Foxx has reportedly accumulated an impressive $170 million net worth thanks to his lucrative Hollywood career and music albums like Intuition and Unpredictable.
As a Grammy-winning musician, Jamie Foxx's diverse skill set is the key to his astounding career success.
Multi-talented Hollywood star Jamie Foxx knows how to make his money work for him through strategic investments in assets and brands. He has been involved in real estate ventures, owning luxurious properties in locations like Hidden Valley, California.
Foxx has also delved into various business ventures, investing in promising startups like the award-winning flavored whisky Brown Sugar Bourbon, co-founding Privé Revaux Eyewear to revolutionize the eyewear market, and launching The Best Paddle to manufacture top-notch pickleball paddles.
Additionally, Foxx showcases his love for luxury vehicles with a stunning collection of high-end rides, like a $1.9 million Bugatti Veyron, a Mercedes G63 AMG, a Rezvani Tank, and a Rolls Royce Cullinan.
Jamie Foxx knows how to make a statement with his luxury cars. His impressive car collection includes some of the world's most coveted automobiles.
From the lightning-fast Bugatti Veyron valued at almost $1.9 million to the premium off-roading Mercedes G63 AMG priced at nearly $157,500, Foxx's taste for luxury and performance shines through.
The collection also boasts the rugged, bulletproof Rezvani Tank, priced at $185,000; and other notable rides like a Rolls Royce Cullinan, worth $351,250; a $185,000 Lamborghini Gallardo; a $267,000 Rolls Royce Ghost; and a $195,000 McLaren 570S.
Foxx's love for extraordinary automobiles is on full display with his investments.
Investing in luxury cars can be an exhilarating way to diversify one's portfolio, with the potential for intriguing returns. Ultra-rare, limited edition, and vintage cars are the likeliest to appreciate in value and become sought-after collectibles.
The key to a profitable luxury car investment lies in selecting iconic models with a rich heritage, exceptional engineering, and timeless design. Investors can tap into communities of car aficionados who share a passion for fine automobiles to gain insights into the market and ultimately enjoy gratifying returns on their high-end car investments.
Jamie Foxx demonstrates his entrepreneurial flair with various ventures beyond the entertainment industry. In 2021, he made a notable investment in spirits by purchasing the award-winning flavored whisky Brown Sugar Bourbon.
Foxx also co-founded Privé Revaux Eyewear, a brand set to disrupt the glasses market by offering affordable, high-quality eyewear with celebrity-inspired design.
Furthermore, Foxx partnered with Taylor Chien to launch The Best Paddle, a company manufacturing top-notch pickleball paddles at affordable prices. Foxx's investments span from spirits to fashion and sports, proving him an agile entrepreneur in addition to his acting talent.
Diving into startup investments is not only thrilling but also potentially lucrative. You can share in Foxx’s success and profits by backing innovative companies.
Though risk’s always involved when investing, smart picks in promising sectors can pay off handsomely. Investing in startups can be gratifying and offer significant financial returns if successful.
Jamie Foxx's significant investments in real estate reflect his keen eye for prestigious properties. In 1997, he acquired a home in Tarzana, California, for $930,000 but sold it over a decade later for $2.23 million—a 2.4x ROI.
Foxx then purchased an over 40-acre estate in Hidden Valley, California, for $10.5 million in 2007. The property boasts a 17,000-square-foot mansion and amenities like an Olympic-sized pool and a professional basketball court. With an estimated value of over $20 million value, this property likely remains a wise investment.
Moreover, Foxx recently acquired a $1.69 million mini-mansion in Agoura Hills that's exceptionally private and has luxury amenities as an additional property in his extensive real estate portfolio.
Returns on real estate investments can differ based on factors like property type, location, market trends, and investment approach. Typically, investors enjoy returns through rental income, property appreciation, or a mix of both.
Moreover, employing smart strategies such as property management, renovations, and capital improvements can boost a property's value, ensuring a delightful return on investment in the ever-evolving real estate playground.