Richard Gere’s net worth is estimated at $120 million. He is an American actor became popular with his role in the film American Gigolo.
Like Harrison Ford, Richard Gere remains one of the few Hollywood veterans who aren’t showing any signs of leaving their lifelong passion. Though Gere has starred in several films back in the late seventies, fans and viewers best remember his appearances in Looking for Mr. Goodbar (1977) and Days of Heaven (1978).
More so, his appearance in American Gigolo (1980), labeled him as a sex symbol. Gere’s work has earned him several awards and recognitions including a Golden Globe Award, a Screen Actors Guild Award and several more we’ll reel out soon.
How Much is Richard Gere’s Net Worth Right Now?
Sources put Richard Gere’s net worth at $120 million. Although it’s still not clear how much he earns annually, we know that his 40 years’ movie career and notable works have earned him a sizeable pay and will continue to keep on the invitation list for speaking engagements, endorsement deals and other investment streams he’s made over the years.
So far, we’re not sure of any properties or assets Gere has enlisted under his name. But we’re positive he’s living quite comfortably with his home of four. That’s just about what we know about Richard Gere’s net worth for now.
Who is Richard Gere?
Richard Gere was born—Richard Tiffany Gere— on August 31, 1949, in Philadelphia, Pennsylvania, United States; to parents Homer George Gere and Doris Ann. His father worked as an insurance agent for the Nationwide Mutual Insurance Company.
While his mother largely stayed back to look after her home. Gere can be traced to an ancestry of prominent men among which include; John Billington, Pilgrims Francis Eaton, George Soule, Richard Warren, Degory Priest, William Brewster, and Francis Cooke.
Although there are no details telling us if he had siblings growing up. However, we know he spent the better part of his early life in Syracuse, New York, where he attended North Syracuse Central High School. While in high school, Gere played the trumpet for the school band and also excelled in gymnastics. Upon graduation in 1967, Gere got a gymnastics scholarship to study philosophy at the University of Massachusetts Amherst. However, Gere abruptly left College only two years into his study.
Gere began working at the Seattle Repertory Theatre and the Provincetown Playhouse on Cape Cod in 1969. There, he featured in the play, Rosencrantz and Guildenstern Are Dead. But his debut acting role only came four years later in the original London stage version of Grease (1973). Gere also starred as a Gay character in the 1979 Broadway production of Bent. The incredible performance won him a Theatre World Award.
Though successful in Broadway, Gere only began appearing on the big screens of Hollywood in the mid-1970s. First, he appeared in Looking for Mr. Goodbar (1977) and starred in the drama film Days of Heaven (1978).
His major role came in 1980 when he starred in the crime drama American Gigolo, and the romantic drama An Officer and a Gentleman (1982). The film grossed about $130 million and went on to win two Academy Awards. The film also earned Richard Gere his first Golden Globe Award nomination.
In the ensuing years, Richard Gere appeared in several films including; Internal Affairs (1990), Pretty Woman (1990), Sommersby (1993), Primal Fear (1996), The Jackal (1997) and Runaway Bride (1999). In 1999, Gere was dubbed the Sexiest Man Alive by People magazine. He also starred in films such as; The Mothman Prophecies (2002), Unfaithful (2002) Chicago (2002). His incredible role on Chicago won him his first Golden Globe Award.
He also starred in Shall We Dance? (2004), Bee Season (2005), The Hunting Party (2007), I’m Not There (2007), Nights in Rodanthe (2008), Arbitrage (2012) and Norman: The Moderate Rise and Tragic Fall of a New York Fixer (2016).
In 2012, He received the Hamptons International Film Festival’s Golden Starfish Award for Lifetime Achievement and the Career Achievement Award from the Hollywood Film Awards. Beyond acting, Richard Gere is also a seasoned musician who composed the piano theme for the 1990 film, Pretty Woman. And the guitar solo in the 1999 film Runaway Bride.
Sources of Richard Gere’s Net Worth
Richard Gere’s net worth, which is estimated to be around $120 million, comes from a variety of sources:
- Acting Career: Gere has had an illustrious acting career spanning over four decades. He’s well-known for his performances in films like “Pretty Woman,” “Looking for Mr. Goodbar,” “Days of Heaven,” “American Gigolo,” and “Tragic Fall of a New York Fixer” among many others. His role in these successful films has significantly contributed to his net worth.
- Real Estate Investments: Gere has been involved in several significant real estate transactions over the years. His New York estate, which he originally bought for around $1.5 million 35 years ago, was sold for $24.15 million in 2022. Additionally, he sold a property in Sag Harbor, New York, called Strongheart Manor for $36.5 million, which he had originally bought for $6.9 million. In 2020, Gere and his wife Alejandra Silva spent $10.5 million to build a 35-acre estate in the New York town of North Salem. These real estate investments and sales have substantially added to his net worth.
- Music: Richard Gere is also a musician. He composed and performed the Pretty Woman piano theme and a guitar solo in Runaway Bride, which likely brought in additional income.
- Endorsements and Commercials: Gere has appeared in commercials and endorsed several products, which are typically lucrative ventures for celebrities.
- Hotel Ownership: Gere is the owner of a hotel in New York, which has eight bedrooms, two restaurants, a yoga studio, and a meditation center. The income generated from this business also contributes to his net worth.
- Philanthropy: While it doesn’t contribute to his net worth, it’s noteworthy that Gere has made significant donations to various causes and charities, mainly through “The Gere Foundation”. He’s an advocate for human rights in Tibet and supports several other causes such as AIDS awareness and the rights of tribal peoples worldwide.
