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Morgan Freeman Net Worth in 2021 is estimated to be between $250-300 million dollars. In this post, we are going to look at how Morgan Freeman made money, his age, bio, acting career.
This post is part of our series where we analyze how self-made millionaires made their money, and how you can possibly follow in their footsteps.
If you are interested in making money, do check out our “Make Money” section on our website where we look at various ways to make money online through online business and side-gigs you can do along with your day job.
If you like the entertainment genre, the best side-gig you can start is a YouTube channel.
I recently helped a client of mine generate $1000 in income from his YouTube channel that was not making any money and even you can do the same.
Earlier, I had co-founded a video company and raised $2 million in funding and then got fired from the company I started. I had done lot of testing and research on how to monetize YouTube and now I use the same skills to help other YouTubers.
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Morgan Freeman Net Worth, Age, Bio, Career & How He Made Money 
Who is Morgan Freeman?
Morgan Freeman is an American actor, director and narrator.
He is considered one of the best actors in Hollywood and is known for his character roles and distinctive deep voice that is recognizable across genres.
Morgan Freeman has won numerous awards including Academy Award, Golden Globe Awards & the prestigious Screen Actors Guild Award.
Morgan Freeman Net Worth
In 2010, Morgan Freeman and his then wife Myrna Colley-Lee filed for divorce and Morgan entered a divorce settlement of $175 million.
According to US magazine The National Inquirer, the divorce settlement was in the range of $400 million.
Morgan Freeman Salary
As of 2020, it is reported that Morgan Freeman makes around $10 million per movie.
Morgan Freeman holds the record for around $4 billion in gross from his movies and his reputation as one of the finest actors in Hollywood ensures he gets $10 million or above from each project.
This is in addition to lucrative advertisement deals and voice over commercials that Morgan is part of. For instance Visa Debit Cards pay Morgan around $1-2 Million to be the voice of Visa.
How Morgan Freeman Made Money
Like other Hollywood celebrities Morgan Freeman’s income mostly comes from remuneration for his acting services, brand endorsements & other businesses.
In addition to his standard fee of around $10 million per movie, it is reported that Morgan Freeman also gets a percentage of the profits from movies that he is involved in.
This practice of “profit sharing” is not uncommon with reputed actors as most of their new movie releases tend to do well at the box office. Morgan Freeman’s “Now You See Me” series had made around $700 million, “Has Fallen” series has made around $500 million & “Bruce Almighty”–where he portrayed the role of God had made close to $484 million worldwide.
Successful movie roles have landed Morgan Freeman many endorsement deals including the opportunity to be the voice of Visa.
Morgan Freeman Early Life
Morgan Freeman was born on June 1, 1937 in Memphis, Tennessee.
His parents were Mayme Edna, a teacher and Morgan Porterfield Freeman a barber by profession. Morgan Freeman moved around a lot during his childhood, he had lived in Greenwood, Mississippi, Gary, Indiana, Chicago, Illinois.
When Freeman was 16 years old, he contracted pneumonia.
It is reported that Morgan Freeman made his acting debut when he was 9 years old, a leading role in his school play.
He had attended Broad Street High School, which is now the Threadgill Elementary School, in Greenwood, Mississippi.
At age 12, he won a statewide drama competition and he had also performed in a radio show based in Nashville when he was in high school.
Morgan Freeman Early Career & Career Highlights
Morgan Freeman has had a very long career, we will try to look at some of his career highlights.
1955–1969: Air Force service, studies, and stage work
Morgan had served as an Automatic Tracking Radar Repairman with the U.S Air Force before taking acting classes at the Pasadena Playhouse.
Morgan Freeman has worked as a dancer at the 1964 World’s Fair and acted as an extra in Sidney Lumet’s 1965 drama film The Pawnbroker starring Rod Steiger.
In the mid-1960s, Freeman appeared in an off-Broadway production of a play titled The Niggerlovers and in an all-African-American Broadway production of Hello, Dolly!.
Morgan Freeman’s first feature film appearance was in 1971 in a movie titled Who Says I Can’t Ride a Rainbow!.
His theatre work had gained recognition and popularity by 1980 and he won the Obie Award for his starring role in Coriolanus, the 1984 Obie for The Gospel at Colonus, 1989 Obie for his role in Driving Miss Daisy which was later adapted as a movie in which he starred.
In 1987, he acted in the film “Street Smart as Fast Black” for which he received an Oscar Nomination for the Best Supporting Actor.
In 1994, played the role of Red in the classic movie “The Shawshank Redemption” which can be considered a turning point in Morgan Freeman’s career.
After the “The Shawshank Redemption”, Morgan starred in many movies like Deep Impact, Unforgiven, Robin Hood: Prince of Thieves.
In 2005, Morgan Freeman won the Best Supporting Actor Oscar for his work in Clint Eastwood’s Million Dollar Baby.
Also in 2005, he landed a role to portray God in the Jim Carrey starrer Bruce Almighty which is one of his most memorable appearances in any movie.
Morgan Freeman also appeared in Christopher Nolan’s Dark Knight Trilogy–Batman Begins in 2005.
In 2007, Morgan returned to the stage to co-star with Peter Gallagher and Frances McDormand in the Broadway hit The Country Girl.
In 2009, Morgan Freeman played the role of Nelson Mandela in Invictus for which he received an Academy Award nomination for Best Actor.
In 2013, he appeared in Olympus has Fallen, in 2016, the sequel London has Fallen) and Oblivion.
Morgan Freeman Personal Life
Morgan Freeman was married to Jeanette Adair Bradshaw from 1967–1979 & in 1984, he had married Myrna Colley-Lee which ended in a divorce in 2010.
He has four children and his stepdaughter from his first marriage was murdered (when she was 33) in 2015 in New York City.
Morgan Freeman was involved in a car accident on August 3, 2008 near Ruleville, Mississippi.
It is reported that he and a female passenger were rescued by paramedics using the “Jaws of Life” and in this accident broke his left shoulder, arm & elbow. Morgan has said that he has lost his ability to move his left hand after the accident.
In 2018, CNN reported that eight women accused Freeman of sexual harassment.
After the report was released, Morgan Freeman issued an apology.
During this period, the Screen Actors Guild contemplated taking away Freeman’s lifetime achievement award, but later ruled that he could keep the award.
Morgan Freeman was active during the relief efforts for Hurricane Katrina and he had formed the Grenada Relief Fund to help those affected by Hurricane Ivan.
Morgan Freeman Family
He has three older siblings and Freeman has four children: Alfonso, Deena, Morgana and Saifoulaye.
Morgan Freeman Quotes
I don’t want a Black History Month. Black history is American history.
But I can say that life is good to me. Has been and is good. So I think my task is to be good to it. So how do you be good to life? You live it.
The best way to guarantee a loss is to quit.
When you have made your choice, it is providence that is your guide. Good, bad, or indifferent. Your fate lies in that.
Frequently Asked Questions About Morgan Freeman
How much does Morgan Freeman make per movie?
Around $10 million per movie
Who is Morgan Freeman’s wife?
Myrna Colley-Lee, married between 1984–2010 & Jeanette Adair Bradshaw, married between 1967–1979
Is Morgan Freeman retired?
No, Morgan Freeman is not retired as of 2020.
Where does Morgan Freeman currently live?
Freeman lives in Charleston, Mississippi, and maintains a home in New York City.
What degrees does Morgan Freeman have?
Morgan Freeman has degrees from Jackson State University, Pasadena Playhouse, Boston University & LACC
What happened to Morgan Freeman hand?
Morgan Freeman stated that he has lost his ability to move his left hand following his car crash.
How much does Morgan Freeman make for voice overs?
Although exact figures are not out, it is estimated that Visa Debit Card pays Morgan Freeman around $1 million and $2 million for his voice.
Does Morgan Freeman have blue eyes?
Morgan Freeman has hazel eyes with a blue/grey ring around the edge of the iris.
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