On April 3, 1961, Eddie Murphy was born in Brooklyn, New York. He was reared in Bushwick, a district of Brooklyn. His father was a transit cop and an amateur comic, while his mother worked as a telephone operator.
Eddie lost his father tragically when he was eight years old. When his mother briefly fell ill, he and his older brother Charlie Murphy spent some time in foster care. His mother made a full recovery and settled down.
After listening to a Richard Pryor comic album as a teenager, Eddie developed a comedy obsession. Bill Cosby also had a significant impact on him.
Eddie joined the Saturday Night Live cast at 19 in 1980. After losing all its original stars, the show was experiencing severe rating problems. The event reached new heights thanks to Eddie, a huge success. Until 1984, Eddie stayed on at SNL.
What Is Eddie Murphy’s Net Worth And Salary?
American actor, comedian, producer, and filmmaker Eddie Murphy. Eddie Murphy has a $200 million net worth. One of the highest-earning actors in movie history is Eddie Murphy.
His films have amassed approximately $7 billion in box office revenue as of this writing. He now ranks sixth among American actors in terms of box office earnings.
Eddie consistently ranked among the highest-paid performers in the world throughout the late 1980s, early 1990s, and early 2000s, taking home $20 million per film.
Eddie has easily made over $300 million in wages and backend royalties throughout the course of his career.
Eddie received a $70 million payment from Netflix in 2019 for a run of comedy specials. When you add it all up, Eddie has made at least $420 million in his career from the deals we KNOW about.
Early in the 1980s, Murphy became a substantial sensation thanks to Saturday Night Live, which introduced him to a nationwide audience.
He created enduring characters like Buckwheat, Mister Robinson, and Gumby for the long-running sketch comedy program.
When Murphy was a teenager, he first heard one of Richard Pryor’s comic CDs, which led to his comedy obsession. In 1980, SNL was in trouble when Eddie came.
The program had lost Lorne Michaels. All of the original stars had departed. The show is said to have been saved by Murphy.
From 1980 through 1984, Murphy made an appearance in 65 episodes of SNL. He joined the NBC show when he was only 19 years old. His writing frequently addressed racial issues in cutting ways.
Classic sketches include “Mister Robinson’s Neighborhood” and “White Like Me.” He became a household name because of the show. In a 2015 ranking of the top SNL cast members, Murphy came in second place, just behind John Belushi.
With 1982’s 48 Hours, Murphy began his film career while still appearing on Saturday Night Live.
His succeeding films included Trading Places, the Beverly Hills Cop series, Coming to America, Harlem Nights, and Another 48 Hours, all of which were huge successes.
In the 1990s, Murphy’s box office appeal gradually declined but was later resurrected by a number of family-friendly films, including Mulan, the Shrek trilogy, Dreamgirls, and The Nutty Professor films.
Murphy’s performance in Dreamgirls earned him a Golden Globe and an Academy Award nomination in 2006. Eddie made an appearance in the reimagined Coming 2 America sequel in 2021.
- Earned $4,500 per SNL episode in 1981
- The salary was bumped to $30k per ep the following season
- Earned $14 million for the first “Beverly Hills Cop”
- With backend points, earned $60 million for “Nutty Professor II”
- Has earned at least $300 million in movie salary during his career
- Received $70 million from Netflix in 2019 to record a series of specials
- Paid ex-wife Nicole a $15 million divorce settlement in 2006
- Has 10 children
- In 2007 Eddie paid $15 million for a private island in the Bahamas
- His Beverly Hills mansion is worth $30-40 million
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Eddie Murphy Salary Highlights
Murphy’s average pay over the years was just $4,500 per episode of Saturday Night Live. His pay was increased to $30,000 for each spell the following year.
In 1984, he received his first sizable salary of $1 million for the movie Best Defense.
He made $8 million for Beverly Hills Cop II in 1987, which is equivalent to almost $18 million in today’s dollars after accounting for inflation. He made an additional $8 million from Coming to America the following year.
He received $15 million, or around $25 million today, for Beverly Hills Cop III in 1994. His earnings for The Nutty Professor (1996), Doctor Dolittle (1998), and Nutty Professor II (2000) totaled $16 million, $17.5 million, and $20 million, respectively.
He also received 20% of the Nutty Professor II box office earnings, bringing his total compensation from the movie to more than $60 million.
The following earnings for Eddie were $3 million for Shrek (2001), $20 million for Doctor Dolittle 2 (2001), $20 million for The Adventures of Pluto Nash (2002), $10 million for Shrek 2 (2004), $4 million for Shrek Forever (possibly up to $12 million with backend points), and $7.5 million for Tower Heist (2011).
Eddie received at least $250 million in film salaries and backend points in the 1980s, 1990s, and early 2000s. His cinematic earnings over his career certainly exceed $300 million.
Eddie was reportedly negotiating to acquire $70 million to film a number of comedy specials for Netflix in July 2019. That is $10 million more than Dave Chappelle’s three-special contract earnings of $60 million. Chris Rock’s two specials brought in $40 million.
Eddie Murphy’s Quote on Money
“Every bad decision I’ve made has been based on money. I grew up in the projects and you don’t turn down money there. You take it, because you never know when it’s all going to end. I made Beverly Hills Cop III because they offered me $15 million. That $15 million was worth having Roger Ebert’s thumb up my ass.”
How Much Real Estate Does Eddie Murphy Own?
Eddie has owned a lot of exceptional residences over the years. Eddie spent time in the 1990s residing in a lavish custom-built mansion in an upscale gated community in Granite Bay, California (close to Sacramento).
After selling the Granite Bay house, Eddie spent $10 million on a 3.7-acre undeveloped lot in the incredibly elite Beverly Hills area of Beverly Park.
A gated neighborhood called Beverly Park is located at the top of Beverly Hills’ most pricey district. Along with other millionaires, it is home to celebrities, including Mark Wahlberg, Denzel Washington, Rod Stewart, and Sylvester Stallone.
Eddie spent countless millions building a brand-new 40,000-square-foot mansion after purchasing his lot for $10 million in 2001. 32 rooms total—9 bedrooms and 9 bathrooms—make up the house.
A large pool, tennis court, library, and bowling alley are all on the site. If put on the market, the mansion would quickly sell for over $30–40 million.
Eddie had owned a Beverly Hills property in the 1980s that was marketed for $85 million by a subsequent owner in 2016.
Eddie purchased Rooster Cay, a 15-acre private island in the Bahamas, for $15 million in 2007. He had previously owned Pearl Island, another private island.
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For almost 4 years, Jason Martin has been a freelance writer for newspapers, journals, blogs, books, and online material. He covers the most recent news as well as many other topics.