How much was Luke Perry worth?
|Net Worth:||$6 Million
|Date of Birth:||October 11, 1966 (aged 52)|
|Country:||United States of America|
|Height:||5 ft 10 in (1.78 m)|
About Luke Perry
Luke Perry rose to popularity during the late 20th century for playing the role of Dylan McKay in the popular television series Beverly Hills, 90210. It is estimated that Perry earned about $4.3 million dollars for his role on the ’90s teen soap opera.
During his over 30 years long career, the actor participated in many music videos, reality shows, television series, and films. Not only did he earn a net worth estimated at $6 million, Perry also earned a lot of awards and achievements.
Luke Perry grew to popularity in his early twenties. He was born in Mansfield but raised in Fredericktown, Ohio. When he was a child, the actor played Freddie Bird, which was the school mascot for the Fredericktown High School.
Shortly after high school, at the age of 18, Luke moved to Los Angeles to pursue his acting career. Long before he began working as an actor, he worked many odd jobs, starting from a doorknob factory to an asphalt paving company. In what was his very first music video appearance, he took part in the music video for Twisted Sister’s “Be Chrool to Your Scruel”.
Throughout the 80s, Luke is said to have auditioned for over 100 acting jobs and was eventually accepted to perform in one of them, which was more than enough to showcase his talent. He then moved to New York and worked in different soap operas – Loving and Another World. In 1989, Perry auditioned for and was given the role of Dylan McKay (the son of a brooding millionaire) in the teen drama Beverly Hills 90210.
Initially, Perry had auditioned for the role of Steve Sanders but the role was given to Ian Ziering.
Beverly Hills, 90210 quickly became a favorite among viewers of all ages and Perry became one of the most loved actors from the show. Even to this day, he is recognized as one of the best characters from the original series. Thanks to his character, he was billed “an important teen idol” in the 90s. His popularity was boosted, especially after a riot broke out during an autograph session at The Fashion Mall in Plantation, Florida. At the autograph signing session, more than 10,000 teen girls attended and things got out of hand, which caused Luke to leave in less than a minute.
During the 90s, while appearing on Beverly Hills, 90210, Luke Perry also starred in a lot of popular television series and films such as Buffy the Vampire Slayer, Terminal Bliss, The Fifth Element, and Storm.
Surprisingly, in 1995, the actor left the Beverly Hills series in a desperate attempt to find more mature roles. Three years after leaving it, however, Perry decided to return and have special guest roles until the series’ finale in 2000. Ultimately, he still appeared in 199 episodes and earned around $4.3 million dollars for his role.
After the end of the 90210, Perry starred in the HBO drama series Oz, from 2001 to 2002, playing the role of Reverend Jeremiah Cloutier. After working 10 episodes of that show, Perry decided to cast for a role in the television series Jeremiah. Off the strength of his great acting skills and rising career, the actor was given the role of the main character in the show, Jeremiah.
He spent 2 years filming the show, from 2002 to 2004, until its very end.
In the early 21st century, he continued to perform in various films. Attention Shoppers, Dish dogs, The Sandlot is Heading Home, and Alice Upside Down are just a few of the movies in which he starred in at that time.
While playing in the movies and television series, Luke also did a lot of voice-work for many animated series. One of the first voice-overs he did in his career was for Johnny Bravo in which he voiced himself. Other animated series that he did voice-overs for are Family Guy, The Incredible Hulk, Mortal Kombat, and Biker Mice from Mars.
Throughout his career, he also appeared in many Broadway performances – The Rocky Horror Show, When Harry Met Sally, Leverage and Community. Towards the end of his career, the actor received a lot more recognition and opportunities. In 2009, he was asked to participate in The Word of Promise – an audio Bible production by Thomas Nelson which featured many well-known Hollywood actors.
Starting in 2017 until his death, he starred in the CW teen drama series Riverdale where he portrayed the character of Frederick Andrews – the owner of Andrews Construction and the father of one of the main characters, Archie.
In what was his final acting role ever, Luke Perry took part in the 2019 movie Once Upon a Time in Hollywood. Directed by Quentin Tarantino, the film follows the life of an actor and his stunt double. Perry plays the role of a Canadian actor Wayne Maunder. Shortly after the filming of the film was completed, in February 2019, Perry suffered from a massive ischemic stroke.
After complications caused by the heart stroke, the actor was put on life support. His family decided to remove him from life support and he passed away on March 4, 2019. Immediately after his death, the remaining 8 episodes of Riverdale‘s fourth season were dedicated to him and there were many news reports and documentaries that aired to pay respect and remember the actor’s life.
Perry’s Total Net Worth
Luke Perry earned around $4.3 million for his role as Dylan McKay in Beverly Hills, 90210. He also earned a further $7 million from his other acting work, including his role in Riverdale and his other over 95 acting appearances. That figure also includes his behind the scenes work, including producing and working on soundtracks, as well as all of the appearances that he made as himself in his lifetime.
In total, it is estimated that Luke Perry’s total career earnings were about $11.3 million dollars.
Having moved to Los Angeles shortly after high school, in 1984. Perry lived and worked his entire career in the state of California. It was an advantageous year to start his career because it was after the 1981 Reagan tax cuts. Reaganomics brought federal income taxes down to an eventual 28% by 1988. They had been 70% on all earnings over $200,000.
Still, tax rates moved up again to highs of 39.6% by 1993 but when factoring in lows of 35% in the 2000s. It results in Perry’s overall tax rate on his earnings, around 44%, when including California state tax. After tax, it is estimated that his career earnings were around $6.33 million, having paid $4.97 million dollars in taxes.
Luke Perry married Rachel Sharp in 1993 and they later divorced in 2003. They had 2 children together, Jack and Sophie Perry. Considering the divorce was so early into Perry’s career it likely cost him no more than about $250,000 at the time and a further $650,000 through his life time, for spousal and child support.
Perry invested some of his career earnings in real estate, including a property in the Hancock Park area of Los Angeles that he purchased for close to $1 million dollars in 1998. He later sold that same property for $2.95 million in 2015. The remainder of his life he lived in a property in the San Fernando Valley. It was worth a reported $2 million and transferred to his children Jack and Sophie after his death.
In his life, it is estimated that Perry earned some $2.5 million dollars in investment gains. That is after factoring in costs, losses and other expenses. He will have also spent some $1.8 million dollars on himself and his family, including personal losses and miscellaneous payments. Overall, that puts Luke Perry’s net worth in the region of $6 million dollars.
Luke Perry is not just an average actor. Immediately after he began acting, he became one of the most famous television actors in the 80s and 90s and was proclaimed a “teen idol” and a “heartthrob” by millions of young people in America.
Even though he never received one of the prestigious awards such as Oscar, Academy, or Golden Globe, Luke Perry’s contribution to the film industry has been widely recognized and to this day, he remains a legend and one of the more under-appreciated actors from the 20th century.