Tim Allen Net Worth

Tim Allen is an American actor best known for his roles in Galaxy Quest, The Santa Clause, and the Home Improvement television series. After starting his acting career in Hollywood in 1988, he has appeared in more than 50 movies and television series.

But it’s not just his work in front of the camera that has added to his success. Tim Allen’s net worth is also impacted by his work as an author, brand ambassador, his line of signature tools, and his real estate investments. Read on to discover Allen’s most successful projects and trace his career from the beginning until now.

Early Life

Tim Allen was born in Denver, Colorado, on June 13, 1953. His father, Gerald M. Dick, was a real estate agent who died in a car accident when Allen was 11. And his mother, Martha Katherine, was a community service worker. Allen was the third of six siblings.

After his father’s death, his mother remarried a man who had three children of his own. Allen and his five siblings moved to Birmingham, Michigan, to join the new family. It was here that Allen went to Seaholm High School, moving on to Central Michigan University.

In 1974, he transferred to Western Michigan University. Allen graduated in 1976 with a communications degree, majoring in radio and TV production. Additionally, he minored in both design and philosophy.

Acting Career

Allen began doing comedy shows in 1975. It all started with a dare that had him performing on comedy night at Mark Ridley’s Comedy Castle in Detroit. After that, he appeared on comedy shows on cable TV and also did TV commercials.

But in 1978, he was arrested for drug trafficking and was sentenced to prison. In 1981, Allen was released on parole and moved to Los Angeles, where he would perform at The Comedy Store.

Before he became a popular TV and movie actor, Allen was already making waves in the entertainment industry for his stand-up comedy. In fact, he had done two stand-up specials on television in 1990 and 1991. These were called Tim Allen: Men Are Pigs and Tim Allen Rewires America.

Home Improvement

Allen quickly skyrocketed to stardom with the ABC sitcom Home Improvement. He played the role of Tim “The Tool-Man” Taylor for all 204 episodes. The show ran from 1991 to 1999. And Allen earned $1.25 million per episode by the time the show was at its peak.

Allen was also an executive producer of the show from the sixth season until the show ended. With his acting salary and revenues from producing, the series resulted in tremendous growth for Tim Allen’s net worth.

The Santa Clause

In 1994, Allen starred in The Santa Clause. It had a budget of $22 million and made over $190 million globally. More notably, Allen’s performance won him the People’s Choice Award for Favorite Comedy Motion Picture Actor. He was also nominated for Best Breakthrough Performance and Best Comedic Performance at the MTV Movie Awards.

The film was such a huge hit that Disney produced two sequels that were both blockbusters as well. The Santa Clause 2 came out in 2002 and earned $172 million on a budget of $29 million.

The franchise’s third installment, The Santa Clause 3: The Escape Clause, did not make as much as the first two. Still, it surpassed the $100 million mark and earned $110.7 million against a $19.5 million.

Toy Story

In 1995, Allen voiced Buzz Lightyear, one of the lead characters in the Disney-Pixar animation Toy Story. He co-starred with Tom Hanks, who voiced Woody. The film was a massive success, earning over $394.4 million globally. This includes the revenues from subsequent re-releases in 2009 and in 2020.

Allen only got $50,000 for his work on the film. But its massive success would green-light three additional Toy Story movies, where Allen would receive significantly higher paychecks.

Galaxy Quest

In 1999, Allen appeared in the sci-fi parody Galaxy Quest alongside Sigourney Weaver and Alan Rickman. The film made $90.7 million worldwide, which was double its budget of $45 million.

The movie was also a sizable addition to Tim Allen’s net worth, as he was reportedly paid $2 million for the flick.

Toy Story 2 

In this sequel to the 1995 smash hit, Allen once again provides the voice of Buzz Lightyear. Toy Story 2 earned $100 million more than the original, raking in $497.4 million in ticket sales on a budget of $90 million.

This time, Allen was reportedly paid $5 million. He also won the prestigious Annie Award for Outstanding Voice Acting in a Feature Production.

In the next decade, he would star in several other comedy films like Joe Somebody (where he was reportedly paid $12 million), Big Trouble, Christmas with the Kranks, The Shaggy Dog, and Wild Hogs.

Toy Story 3

It took more than a decade for Toy Story 3 to come out, but box office figures show that it was worth the wait. It had a hefty budget of $200 million. However, on opening night alone, it already earned $110.3 million. Total global ticket sales added up to an amazing $1 billion.

As of 2022, Toy Story 3 is still Allen’s second-highest-grossing movie.

Last Man Standing

In 2011, Allen signed on for the lead role in the sitcom Last Man Standing. The series aired for nine seasons.

Allen’s salary by the end of the show is not known. But during the first season, he was already reportedly being paid $235,000 per episode.

Toy Story 4

After nearly another decade, the fourth Toy Story movie was released. Like the previous film, this one had a production budget of $200 million. Once again, it surpassed the billion-dollar mark at the worldwide box office, making $1.073 billion.

As of 2022, Toy Story 4 is Allen’s all-time highest-grossing film.

Recent Work

In 2022, Allen began hosting the History Channel show More Power, along with former Home Improvement co-star Richard Karn.

And most recently, Allen starred as Scott Calvin in The Santa Clauses, a six-episode miniseries on Disney+. The series wrapped up its finale episode on December 14, 2022.

Other Ventures

Also adding to Tim Allen’s net worth are his ventures outside film and television. For example, in 1994, Allen wrote a book called Don’t Stand too Close to a Naked Man. It was a huge hit, rising to the top of the New York Times Bestseller’s List and staying there for 17 weeks. Encouraged by this success, Allen wrote a second book in 1996 called I’m Not Really Here. It also became a New York Times bestseller.

Taking his cue from his Home Improvement nickname, The Tool Man, Allen created a line of signature tools in 1996. However, none of the profits contributed to his net worth because he donated all of it to children’s charities.

Allen’s net worth was also significantly impacted by his television commercials and brand endorsements over the years. He did narrating work for advertisements of huge brands over the years, like Travel Michigan, Chevrolet Cruze, and Campbell’s Soup.

Real Estate

Tim Allen’s net worth isn’t greatly affected by his real estate investments, as his properties are rather modest, considering his income.

In 2012, he bought a Hollywood Hills home for $1.4 million. Two years later, he sold it at $1.75 million.

Allen is also known to have had a few properties in California. In 1999, he purchased a 3-bedroom and 4-bathroom home in Los Angeles for $2.15 million.

Personal Life

Tim Allen is married to actress Jane Hajduk. They married in 2006 after dating for five years. Together they have a daughter, Elizabeth, who was born in 2009.

His first wife was Laura Deibel. They were married in 1984 and had a daughter, Katherine, in 1989. The couple separated in 1999, and their divorce was finalized in 2003.

Additionally, Allen is a very vocal Republican supporter. He had been active in supporting Donald Trump when he ran for president in 2016.

Tim Allen’s Net Worth 2023

As of 2023, Tim Allen’s net worth is estimated at $100 million. And while his acting career is primarily responsible for this number, his work as an author, brand ambassador, his line of signature tools, and his real estate investments also impact his net worth.

Fans of Allen can look forward to a couple of upcoming projects, including the comedy Brothers, which Allen is writing along with Matt Carroll. The movie, which Disney is producing, will center around a couple of racially mixed, adopted brothers who find themselves framed for a crime they didn’t commit. 

Additionally, Allen is producing the comedy Amigos, and Touchstone Pictures will distribute the title.