The 2-time Academy Award and one-time Primetime Emmy Award winner, Kevin Costner is an American actor, director, producer, and musician. Professional since 1974, Costner has appeared in numerous films and TV series including Dragon Fly (2002), Thirteen Days (2000), and JFK (1991) that not only earned him fame but also a multi-million dollars fortune.
Currently, Kevin owns a net worth of $250 million as of May 2020. Alongside acting career, Costner’s business venture also aided him to sum up the hefty fortune and jaw-dropping property empire.
Get details on Kevin Costner’s net worth, assets, house, cars, earnings, income source, salary & personal life.
Kevin Costner’s Net Worth Is $250 Million: Income Source & Earnings
No doubt that Costner’s acting career for over 4 decades manages him such a massive fortune. Ever since his debut with the 1981 film Sizzle Beach, U.S.A., Kevin’s success in acting and business venture has proved to be the million-dollar generator.
As of May 2020, Kevin Costner owns an estimated net worth of $250 million as per Celebrity Net Worth.
The main source of the American actor’s income is his acting career and producing career alongside active participation in business.
And Kevin is still actively working as one of the prominent Hollywood actors, so his fortune is likely to increase in the coming days.
In 2020, he is set to star in Let Him Go; it is currently under post-production.
Salary From TV Series & Movies
Having appeared the TV shows like Colbert Report (205-2014), The Late Late Show With Craig Ferguson (2005-2014), and Tavis Smiley (2013-2018), Kevin currently stars as John Dutton on the drama series Yellowstone since 2018.
Sources report that Costner earns a salary of $500,000 per episode from Yellowstone, where he is also the executive producer.
Well, apart from TV appearances, Kevin Costner made massive sum from movies. Till date, he has worked in numerous films, certainly making millions of dollars.
Check out his earnings from movies:
1. Bull Durham (1988)– $1.5 million
2. Dances With Wolves (1990)– $3 million
3. JFK (1991) alongside Kevin Bacon- $7 million
4. Waterworld (1995)- $14 million (payroll plus a percentage of gross)
5. Thirteen Days (2000)– $15,000
6. Dragonfly (2002)– $15 million
Did you know? Kevin Costner played Jonathan Kent, Clark Kent’s adoptive father in the 2013 superhero movie Man of Steel starring Henry Cavill. The movie made on the budget of $225 million made the gross collection of $668 million.
Filmography & Box Office Collection
|The Untouchables (1987)||Eliot Ness||$25 million||$106.2 million|
|Bull Durham (1988)||Crash Davis||$7.5 million||$58 million|
|Dances With Wolves (1990)||Lieutenant John J. Dunbar||$22 million||$424.2 million|
|JFK (1991)||Jim Garrison||$40 million||$205.4 million|
|Robin Hood: Prince of Thieves (1991)||Robin of Locksley||$48 million||$390.5 million|
|The Bodyguard (1992)||Frank Farmer||$25 million||$411 million|
|Message in a Bottle (1999)||Garrett Blake||$80 million||$118 million|
Despite many hit movies, Kevin did have experienced some critical and commercial failures too.
Well, he co-produced and starred in the 1995 movie Waterworld, the most expensive film ever made at the time. However, the film made a box office disappointment of only $264.2 million, on the budget of $172-$175 million.
Moreover, Kevin Costner’s other movies couldn’t meet the expectations: Thirteen Days (2000) made only $66.6 million (budget was $80 million) and Dragonfly (2002) made only $52.2 million less than the budget of $60 million.
Business Venture & Lawsuit
After purchasing the patent from the US Government, Costner began developing oil separation machines in 1995 with Ocean Therapy Solutions., where he owns shares. The company entered a lease contract with BP, one of the biggest multinational gas company on June 16, 2010, enlarging its revenue and contracts.
Though the lease also became the limelight of the suit against Kevin Costner as his former fellow shareholders Spyron Contoguris and Stephen Baldwin took to the court in mid-June 2010 claiming $10.64 million for securities fraud and misrepresentation.
For a fact, they had already sold their shares when BP signed with Ocean Therapy Solutions.
Well, the suit stated that Contoguris and Baldwin were deprived of the meeting with BP and the lease contract, so they sold their shares for $1.4 million and $500,000 respectively.
They further claimed that the secret meeting resulted in an $18-million down payment on a $52 million purchase.
However, in June 2012, a federal jury in Louisiana rejected their claims and subjected them to reimburse Costner’s legal fees.
As reported, Kevin Costner received $1.4 million after an investor of Ocean Therapy Solutions purchased his share in June 2010. The same month, Costner made $18 million from BP Oil as an investor of Ocean Therapy Solution.
Reportedly, back in July 2004, Kevin Costner, who co-owns the Midnight Star casino in Deadwood, fired his business partners Francis and Carla Caneva. Subsequently, they faced court examination and Kevin Costner was ruled to pay a percentage of $6.1 million to buy out the Canevas for their shares.
But, Kevin knocked the doors of South Dakota Supreme Court to re-examine the ruling in October 2006, as the casino was reported to be $3.1 million as per an accountant hired by the actor.
Asset, Lifestyle & Expenses
Owning $250 million net worth, Kevin Costner does live a lavish lifestyle and has a jaw-dropping property empire.
In June 2017, Costner listed his 10.25-acre ranch in Santa Barbara County for $60 million. Though in 2018, it dropped to $49 million and seems out of the market for now.
Actually, alongside his second wife Christine Baumgartner, Kevin had bought 17.25-acre bluff-top property in Santa Barbara in 2006 for $28.5 million. Later they sold off the 7-acre land for $25 million in 2009 and currently owns the remaining 10.25 acre that once was placed in the market.
Apart from that, he also maintains three side-by-side oceanfront homes in Montecito, California, including a $7.5 million worth three-bedroom residence.
Rents His Dreamy Aspen Compound for $30K a Night
Moreover, Kevin Costner, in February 2019, kept his 160 acres Aspen, Colorado property on rent. The property with 3 residences that can accommodate luxury lodges to 27 people costs $30,000 per night.
He bought the house 17 years back and as a matter of his marriage was also conducted in the same property.
Owner Of Tatanka: The Story of the Bison
Many might not know but Kevin Costner is the owner of Tatanka: The Story of the Bison, an educational and emotional place for people to learn about America’s westward expansion. Well, he opened it on June 6, 2004, and was worth $5 million as of 2006.
Meanwhile, the 3,800-square-foot interactive center is possibly worth more than $10 million.
Formerly Owned A House In Hollywood Hills
As reported, back in April 2006, Costner sold his 10,000-square-foot Spanish Hacienda in Hollywood Hills. The buyer of the property was the American Idol host Ryan Seacrest who paid $11.5 million for the property.
Cars & Private Jet
Besides expenses on houses, Kevin does seem fond of spending on luxury rides too. Well, the worth of Costner’s car collection is estimated to be around $1 million.
Reportedly, Kevin Costner owns cars like Mercedes SLA AMG (worth $200,000), Toyota Tundra ($31,500), Audi S8 ( worth around $260,000), Audi Q7 ($60,000), 1968 Ford Mustang Shelby and many more.
Also, Costner owns a private jet; a Dassault Falcon 2000 worth ranging from $29.95 million-$35.1 million.
Expenses On Taxes
It’s certain that enormous property and earnings call on for massive tax payments. As per Smartasset.com, Kevin’s Santa Barbara County seeks 0.698% of the assessed value as property tax,; for instance, a $342,000 tax if the worth value is supposed to be $60 million.
Moreover, his Aspen, Colorado residence spread on 160 acres will take 0.459% of the assessed value as the property tax alongside the home insurance premium. The average home insurance cost in Colorado is $1,383 that varies accordingly with the worth of the property.
He Is a Taxpayer
Besides this, Kevin Costner is also liable to pay income taxes that can bill out nearly 50% of his earnings as income tax.
Well, a married person in Aspen, Colorado with $10 million annual income should pay $4.334 million tax inclusive of 36.3% Federal tax, 2.41% FICA and 4.63% State tax. So, the scenario for multi-millionaire Kevin is probably expensive than that.
Charity & Politics Involvement
The American actor Kevin Costner is also a singer and is the member of the band Kevin Costner & Modern West. Well, when a mother of 2 sons died while in a severe thunderstorm struck in Camrose, Alberta, Costner auctioned a dinner with him to raise funds.
For a fact, the auction value was $41,000. Also, a guitar signed by Kevin helped to add $10,000 in the fund.
Currently, Costner serves as the honorary board for the National World War I Museum in Kansas City, Missouri.
His other charity involvement includes Arthritis Society of Canada, Celebrity Fight Night Foundation, Celebs for Kids, and Lopez Family Foundation.
Alongside philanthropic works, Kevin Costner is also active in politics. Well, he reportedly donated $5,000 to the Democratic Party and attended the Democratic National Convention. Moreover, Costner campaigned for Barack Obama, visiting various places in Colorado in the 2008 election.
Kevin Costner’s Personal Details: Age, Height, Education & Family Background
Born on January 18, 1955, in Lynwood, California, the US, Kevin Michael Costner is an American by nationality and is of white ethnicity. He is the youngest of 3 boys of his parents: Sharon Rae, a welfare worker, and William Costner, an electrician, and later utility executive at Southern California Edison.
Raised Baptist, Costner hails from English, Irish, Scottish, and Welsh ancestry.
Shortly after attending Mt. Whitney High School, Kevin Costner moved to Orange County and graduated from Villa Park High School in 1973. Then in 1978, he earned a BA in marketing and finance from California State University, Fullerton.
As of May 2020, Kevin Costner’s age is 65 and has a height of 6 ft 1 inch (185 cm).
Married Twice: Who Is Kevin’s Current Wife & Their Children?
Well, Kevin Costner has been married 2 times in his life. Currently, Costner lives with his second wife, girlfriend-turned-wife Christine Baumgartner, a model and handbag designer.
The couple married on September 5, 2004, after dating for 4 years, at Kevin’s ranch in Aspen, Colorado.
Kevin and Christine, meanwhile, are the parents of 3 children: son Cayden (born on May 6, 2007), son Hayes (February 12, 2009) and daughter Grace (born on June 2, 2010).
Past Affairs & Divorce
Prior to Christine Baumgartner, Costner was married to Cindy Silva, his college time girlfriend. The duo wed in March 1975 and had 3 children: Anne Clayton (born April 15, 1984), Lily McCall (August 4, 1986), and Joseph Tedrick (born January 31, 1988).
However, Kevin and Cindy divorced after 16 years of marriage in 1994, which earned Cindy Silva alimony of $80 million. Well, it is one of the most expensive divorce alimonys made in history.
As reported, the Hollywood actor also has a son named Liam Timothy Costner (born November 15, 1996) from his affair with Bridget Rooney. Moreover, Kevin also dated Birgit Cunningham and supermodel Elle Macpherson (in 1996).