How much is Octavia Spencer worth?
|Date of Birth:
|May 25, 1970 (age 52)
|United States of America
|5 ft 1 in (1.57 m)
About Octavia Spencer
Octavia Lenora Spencer is an American film and television actress, author, and producer that has starred in over 140 films and television series. Her film debut came in the 1996 drama A Time to Kill. After spending nearly a decade of working brief and supporting roles, she landed her breakthrough role in the 2011 drama The Help.
Apart from that movie, among some of her best and highly praised performances are in the films Hidden Figures, Ma, The Shape of Water, The Witches, and The Shack. Since 2019, it is estimated that Octavia Spencer has earned income equal to a salary of $4 million dollars per year.
She was born on May 25, 1970, in Montgomery, Alabama. She is one of seven children and was raised primarily by her mother, Della Spencer, who worked as a maid. Octavia’s father died when she was thirteen. She attended the Jefferson Davis High School, from which she graduated in 1988. She then enrolled at the Auburn University at Montgomery.
Following her graduation from the Auburn University in 1992 with a major in English and a double minor in journalism and theater, Octavia worked as an intern on the set of The Long Walk Home, which starred Whoopi Goldberg. Influenced by her friend (and future producer of the film The Help) Tate Taylor, she moved to London in the late 1990s to pursue an acting career. Her film debut came in the 1996 drama A Time to Kill, where she had a minor role.
Landing roles in some of the best-selling films of the 2010s such as The Help, Hidden Figures, and The Shape of Water is what made Octavia Spencer rich. Beginning in 1997, Spencer has landed many brief and supporting roles in films and television series.
Among some of the roles that helped her achieve recognition were in The 6th Man, Being John Malkovich, Blue Streak, and Big Momma’s House. Despite failing to receive a lot of fame and praise for her acting, the actress was able to earn enough to live and work as a professional actress.
1997 also marked her television debut. She took part in the pilot episode of 413 Hope Street, and then took part in other drama series such as Moesha, ER, Brimstone, and Chicago Hope to name a few. In the early years of the new century, she landed supporting roles in Titus, NYPD Blue, Ugly Betty, and LAX, where she appeared in a couple of episodes that earned her an estimated net worth at the time of close to $300 thousand dollars.
Throughout the 2000s, she continued to land mostly brief to uncredited roles however in far more popular films such as Spider-Man, Legally Blonde, Bad Santa, Drag Me to Hell, Halloween II, and Coach Carter.
Her producing debut came in the 2008 documentary The Captain. Her other work as an executive producer is in films and series that she also landed leading roles – Fruitvale Station, Small Town Crime, Candid, Green Book, and On Her Own Ground. More recently, she became the main star and executive producer of the TV series Mom, Red Band Society, Truth Be Told, and Self Made.
Her career really took off in the 2010s. She landed the role of Minny Jackson the drama romance film, The Help. This is credited as her big break into Hollywood stardom. She finally began receiving major and leading roles in the likes of The Divergent and Percy Jackson film series, as well as, Snowpiercer, Zootopia, and Ma to name a few.
Spencer’s Total Net Worth
Besides being a supporting and leading actress, working as a director for various film and television productions is the reason why Spencer is so successful. In 2011, she finally landed her breakthrough role in The Help. Since then she has earned higher and higher paychecks for her participation in films like, Gifted, The Witches, Encounter, and Ma.
Outside of the entertainment business, since 2013, Octavia Spencer became an author. Her first book was titled The Case of the Time Capsule Bandit and was released in 2013. Two years later, she released her second book titled The Sweetest Heist in History.
Having appeared in almost 70 films, as well as in 45 television series, combined with credits for producing, directing and writing, including her books, as well as from all of the appearances that she has made as herself. It is estimated that Octavia Spencer has had career earnings of around $29 million dollars.
Of that amount, around $3 million is expected to have been paid in business related costs. The remainder, $26 million, will have been taxed at around 49% as Spencer has been residing in the state of California. After tax, it is estimated that her career earnings are at around $13.26 million dollars, having paid $12.74 million dollars in taxes.
While Octavia is not married and does not have any children of her own, she cherishes the time that she gets to spend with her siblings and their kids. “It’s about how you spend your time,” she has said. It seems likely considering her wholesome personal life, that Spencer has taken the time to manage and grow her wealth. However, it is unlikely that she would have done so using risky investments.
She has made small property purchases, including the $850,000 she paid for a home in Toluca Lake, Los Angeles. She likely has money invested in securities, as well. In her personal life Octavia has likely spent $2-3 million dollars of her career earnings but also probably possesses assets valued at around $1-2 million, not including investment assets. In her investments, she may have earned investment returns of $2 million dollars. Therefore, it is estimated that Octavia Spencer has a net worth of around $14 million dollars.
Octavia Spencer is a world-renowned actress and producer. After nearly 30 years, the star of Mom and Red Band Society has been able to accumulate $14 million dollars from her outstanding work in the film industry. Her skills have also brought her a lot of glory along the way. As of now, she is the recipient of three Screen Actors Guild Awards, one Golden Globe, one BAFTA, and one Academy Award and has received nearly 80 nominations.