What is Lin-Manuel Miranda’s Net Worth and Salary?
Lin-Manuel Miranda, an American composer, librettist, lyricist, actor, and rapper, has a net worth of $90 million. He is most recognized for his accomplishments in the Broadway musical industry, having won numerous awards throughout his career. Miranda’s versatility as an artist has earned him critical acclaim, whether he is performing on stage or working behind the scenes.
Early Life and Career
Lin-Manuel Miranda was born in 1980 in New York City to parents with Puerto Rican roots. He developed a passion for musical theater while in high school and began writing his own musicals. After graduating, he attended Wesleyan University where he wrote the early draft of “In the Heights” during his sophomore year. The play was performed for the first time in 1999 by Wesleyan University’s theater department. Miranda also wrote other plays and acted in many school productions during his time at college.
Lin-Manuel Miranda’s Career Highlights
Lin-Manuel Miranda teamed up with Thomas Kail to bring “In the Heights” to Broadway in 2008. The musical won four Tony Awards, including Best Musical and Best Score. Miranda played the lead role and received critical acclaim.
Lin-Manuel Miranda established himself as a rapper with his hip-hop improv group Freestyle Love Supreme. He also wrote the lyrics and music for “Bring it On: The Musical” and “21 Chump Street,” and appeared in Broadway musicals like “Merrily We Roll Along” and “Tick, Tick… Boom!”
In 2015, Miranda’s most successful musical “Hamilton: An American Musical” premiered. It won a Tony Award for Best Musical and was critically acclaimed. Miranda also has connections to Disney, contributing music and lyrics to “Moana” and “Star Wars: The Force Awakens,” and appearing in “Mary Poppins Returns” and “The Rise of Skywalker.”
Lin-Manuel Miranda Earns $45 Million in 2020
According to financial reports, Tony Award-winning composer and actor Lin-Manuel Miranda earned $45 million between June 2019 and June 2020.
This impressive sum can be attributed to his continued success with the hit musical “Hamilton,” which earned him a reported $6.4 million in royalties in 2019 alone. Miranda also starred in the HBO series “His Dark Materials” and provided original music for the Disney film “Moana.”
Aside from his entertainment work, Miranda is also involved in various philanthropic efforts, including raising funds for Puerto Rico after Hurricane Maria and advocating for arts education in schools.
Lin-Manuel Miranda Earns Millions from Hamilton
Lin-Manuel Miranda, the creator, author, and composer of the hit musical Hamilton, has earned millions from the show’s success. As of 2020, Hamilton has grossed well over $500 million, and Miranda is entitled to a 7% cut of the box office gross. This results in a $105,000 royalty check every week while the show tours, or around $5.5 million per year, without Miranda having to lift a finger.
In 2017, Miranda had earned about $12.7 million in royalties from the show. In February 2020, Disney paid $70 million for the movie rights to Hamilton, further adding to Miranda’s wealth.
Real Estate and Business Ventures
In 2008, Miranda purchased a 1,125-square-foot property in Inwood, North Manhattan for his parents. After they occupied it until 2013, the apartment was put on the market for just under $1 million.
In 2019, Lin-Manuel Miranda bought the Drama Book Shop in New York City. He had written the original draft for “In the Heights” in the bookshop years earlier and purchased it to prevent it from going out of business.