How much is Dakota Fanning worth?
|Date of Birth:
|February 23, 1994 (age 28)
|United States of America
|5 ft 4 in (1.63 m)
About Dakota Fanning
Fanning was a child brainiac, she learned to read at age two, by age five, she appeared in a Tide detergent commercial, and by age eight, she received the “Best Young Actress” award from the Broadcast Film Critics Association for her performance in I Am Sam (2001). Her father named her Dakota, while her mother wanted her to be named Hannah. Her full name became Hannah Dakota Fanning.
Both her mother and her father were obsessed with sports. Her father, Steven Fanning, played minor league baseball, and her mother, Joy, played professional tennis. Dakota is of German, Irish, English, French, and Channel Islander descent. The name “Fanning” is an Anglicized form of the Gaelic Fionn, meaning “fair”. It may have Norman roots from the Viking invasion of northern France. While her mother’s maiden name “Arrington” has links to the east of England, notably Cambridgeshire.
Growing up, she loved to watch films. Her favorites were Gone with the Wind (1939), Steel Magnolias (1989) and Titanic (1997). She looked up to the likes of Meryl Streep and Hilary Swank, saying “not just because they’re great actresses, but because they are amazing people”. As she was home schooled, at home and by a tutor, she spent a lot of time developing her acting talents. She would dress up and do her own acting around the house, often putting a blanket up her shirt pretending that she had a baby.
Her entire childhood was centered around her development and her child acting career. Dakota’s talents had first been noticed when her parents had taken her to a playhouse. The carers soon advised her parents to take Dakota to an agency, as they considered that she possessed “natural talent”. Eventually, the family decided to move from Conyers, Georgia, to Los Angeles, California and Dakota was immediately signed with a professional agency. After appearing in various TV series for single episodes, she began to appear in small roles in films. However, it wasn’t until she was cast as Lucy, co-starring Sean Penn and Michelle Pfeiffer, in I Am Sam, that she finally became recognized for her talents.
A year later, in 2002, Dakota appeared as Abby Jennings in Trapped and as Young Melanie in Sweet Home Alabama. The year continued to be major for her, being cast and appearing in Steven Spielberg‘s mini-TV series, Taken. Dakota played a difficult role, that of a troubled alien child and also narrated all ten episodes. Finally, she played the role of Katie in Hansel & Gretel, and by 2003, was already a well-known child star.
Dakota Fanning continued to shine in her career, she notably appeared in The Cat in the Hat, Uptown Girls, and Kim Possible: A Sitch in Time, all in 2003. In 2004, she appeared alongside Denzel Washington in Man on Fire. In 2005, in Nine Lives as Maria, and then, in the chilling Hide and Seek alongside famed actor Robert De Niro. In 2007, the now 13-year-old Dakota tried to break out from being a “child actor”. She appeared in Hounddog, a film that sparked outrage and was banned in many cities because of a scene in which she is raped. While it did not depict the actual rape, the allusion was disturbing enough, and even though the film was a critical and commercial flop, it served its purpose in that fans never saw Dakota the same way ever again.
Dakota was not one to trip and fall just as she was transitioning from child to adult (or mature) roles. Likely, her parents being so athletically inclined caused her to treat her career similarly and not to fall into decline. In 2008, she appeared in The Secret Life of Bees, then in 2009, the sci-fi action-thriller Push and two very different roles, both alongside Kristen Stewart, The Runaways, a biopic of Joan Jett and Cherie Currie, and the vampire franchise The Twilight Saga: New Moon.
Since then, while avoiding the complications that many child actors and actresses often fall into. Dakota has far outperformed almost every one of her peers. Her net worth may not be as high as some others, however, she has been highly successful at being a stable young adult. Despite having grown up famous.
Fanning’s Total Net Worth
Dakota Fanning started earning money early on in her career. In 2007, when Dakota was just 13 years old, Forbes magazine estimated her earnings for the year at $4 million dollars. Her earnings really began to takeoff however, after being cast as Jane in the Twilight saga earning around $12-15 million from the franchise. In total, Dakota Fanning has earned estimated total career income of $38 million dollars.
Of that amount, $2.5-4.5 million is expected to have been paid in business related costs. The remainder, $34.5 million, will have been taxed at a rate of around 47% as Dakota Fanning has been residing in the state of California. After tax, it is estimated that her career earnings are at around $18.28 million dollars, having paid $16.22 million dollars in taxes.
Dakota Fanning has never married and has no children. Together with her sister Elle Fanning, Dakota bought a $2.3 million dollar house in San Fernando Valley. In her personal life, she has likely spent $1-2 million dollars of her career earnings but also probably possesses assets valued at around $500,000, not including investment assets. In her investments, she may have earned investment returns of around $5 million dollars. Therefore, it is estimated that Dakota Fanning has a net worth of a rounded down $20 million dollars.
Dakota Fanning possessed exceptional skills and from an early age. After being noticed as early as her playhouse years, her family, who were competitive athletes, worked to nurture her talent and found her an agent. It didn’t take too long for Dakota to be cast in parts that not only displayed her gifts, but also further developed them. Then, after appearing in I Am Sam, she suddenly became recognized, especially among casting agents, and was cast in numerous high profile roles for a child actress. Since landing the role as Jane in the Twilight franchise, Dakota’s earnings increased, and having not been tripped up like so many child actresses before her, Dakota has transitioned successfully into mature roles.