Popular for his roles in films like the Jon Favreau directed Iron Man, Crash, Hustle & Flow, etc. Terrence Howard is a multitalented celebrity who has been active in show business since 1992. The 51-year-old has worked on various hit TV shows in addition to his feature film credits.

He also received critical acclaim for his role as Lucious Lyon in the TV series Empire. The actor also won the academy award for Best Original Song.

How Much Is Terrence Howard’s Net Worth In 2020?

Terrence Howard has a net worth of around $5 million as of March 2020. The majority of his net worth comes from his long career as an actor.

Terrence Howard's fortune is $5 million in 2020
Terrence Howard’s fortune is $5 million in 2020

Source: Cerutti+Co

Howard’s professional career as an actor started in 1992 with the TV movie The Jacksons: An American Dream, and he has made millions per year since then.

Talking of his salary, he charges around $125 thousand for his TV appearances.

Earnings And Yearly Income

As an actor popular in both the small and big screens, Howard earns a hefty salary each year. In fact, he earns around anywhere from $105,000 and $250,000 per year from Empire alone.

The following table shows his earnings from various sources

Year Earnings Source
2005 $12,000 Hustle & Flow
2006 $40,000 Idlewild
2009 $1,750,000 Fighting
2011 $1,000,000 Winnie

Interesting: Howard was once sued by his former management company as they were yet to receive $250k for saving his job on Empire.

Career Insight  

The year after his debut in 1993, he debuted on a feature film by working on Who’s the Man? in a minor role, then after a few small roles in projects like Lotto Land, Dead Presidents, Mr. Holland’s Opus, Best Laid Plans, etc. he got his first award-nominated role in 1999 as Quentin Spivey on The Best Man.

Howard as Lt. Col Rhodes in Iron Man (2008)
Howard as Lt. Col Rhodes in Iron Man (2008)

Source: Screen Geek

He gained a lot of traction within the industry for this role and was cast in movies like Big Momma’s House, Love Beat the Hell Outta Me, etc.

In 2004, he worked on Crash, and this was his major breakthrough into the mainstream, he got nominated for multiple awards and won a Screen Actor’s Guild award. The same year, he also got a role in the biopic Ray starring Jamie Foxx.

Similarly, in 2005 he played the role of Djay in Hustle & Flow, which got him nominated for multiple awards and even won him an Oscar award for the best original soundtrack.

After a few films that slipped under the radar, he got the role of USAF Lt. Col. James Rhodes in the MCU starting film Iron Man (starring Robert Downey Jr.). He was later removed from the role following a contract dispute.

Some of his other well-known films are Cardboard Boxer, Gully, Cut Throat City, etc.

Howard’s TV career started in 1993 with the show Tall Hopes in which he had a regular role. A few mediocre TV shows later; he was cast in Sparks in which he had the main role.

Empire released in 2015, starring him in the starring role; he has awed audiences in his role alongside Taraji P. Henson, Jussie Smollett, Nicole Ari Parker, etc.

Short Biography  

Terrence Howard was born Terrence Dashon Howard on March 11, 1969, in Chicago, Illinois, the U.S. to Anita Hawkins Williams and Tyrone Howard. He has mixed ethnicity and is American as per his nationality. He was raised in Cleveland, Ohio, and later joined Pratt Institute.

The star would drop out of college after 2 years to focus on acting. One of his first acting jobs was on The Cosby Show, where he worked alongside Bill Cosby.

Howard with fiancee Mira Pak
Howard with fiancee Mira Pak

Source: Your Tango

Howard has been married four times and is currently engaged to Mira Pak as of March 2020. His first wife was Lori McCommas, whom he married in 1989. The pair divorced in 2003. They would remarry in 2005 and divorce in 2007.

He then married Michelle Ghent in 2010, and their marriage lasted around 3 years, and they called their marriage off in 2013.

The same year as his divorce with Ghent, he tied the knot with Mira Pak in 2013, and they divorced in 2013. In December 2018, he got engaged to Mira Pak again.

Howard has 3 children with first wife, Lori McCommas, namely daughters Aubrey and Heaven and a son named Hunter. He also has 2 sons with his fiancée as of March 2020.