Tom Selleck's Net Worth - How Rich is Magnum P.I?

Tom Selleck's net worth is estimated to be approximately $45 million.

Overview

Tom Selleck's net worth stats

Net worth:	$45 million
Source of wealth:	Acting
Date of birth:	January 29, 1945
Place of birth:	Detroit, Michigan

Early life

Thomas William Selleck was born in Detroit, Michigan, on January 29, 1945. His father, Robert Dean Selleck, was a real estate investor. His mother stayed at home to look after the children. Tom had three siblings. The Selleck family moved to Sherman Oaks, California, in 1948.

Education

Selleck graduated from Grant High School in 1962 and enrolled at Los Angeles Valley College. He lived at home until he received a basketball scholarship to the University of Southern California.

Tom had no intention of acting at this stage of his life, as he started his university degree as a business administration major. He changed to acting on the advice of a teacher.

He dropped out of college in his senior year to pursue an acting career, later attending the Beverley Hills Playhouse to study acting.

Selleck was drafted into the military at the height of the Vietnam war. He was a member of the California National Guard from 1967 to 1973.

Family life

Tom Selleck married Jaqueline Ray, a model, in 1971, adopting her son. They divorced in 1982. Five years later, Selleck married Jillie Joan Mack. The couple had a daughter a year after they married.

Selleck is notoriously private, leading a quiet life away from the spotlight.

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How did Tom Selleck build his net worth?

Tom Selleck's net worth has been built up from his big and small screen career.

He started his acting career fairly early in life. He made his first television appearance in "The Dating Game" in 1965 while still at college. He acted in several commercials for some of the world's biggest brands, including Revlon and Pepsi-Cola. Throughout the 1970s, he appeared in television series like "Charlie's Angels" and "The Sackets." He also played small parts in movies, moving on to bigger roles in popular westerns and eventually winning a Western Heritage award in 1997.

As Thomas Magnum in the cult classic "Magnum PI," Selleck finally made it big. He played the part from 1980 to 1988. Toward the end of the series, he was pocketing $500,000 per episode. In 1984 he received an Emmy Award for Outstanding Lead Actor in a Drama Series. The show ran for eight seasons. Over that period, he also acted in several movies; the most notable was the lead role in the 1987 box office hit "Three Men and a Baby."

Selleck had a role alongside Jennifer Aniston, Courtney Cox, Lisa Kudrow, David Schwimmer, Matt LeBlanc, and Matthew Perry in the hit comedy "Friends." He played Dr. Richard Burke, who was Phoebe's love interest.

Selleck has continued to play lead roles in television series and movies, earning a decent income. He played the lead role in "Blue Bloods," for which he earned $200,000 per episode.

He also earns income from investments and endorsement deals.

How has Tom Selleck spent his wealth?

Does Tom Selleck the life of Thomas Magnum, driving a Ferrari and living in an oceanfront estate? He lives a fairly quiet life and is more interested in sports than living the high life.

He owned — and possibly still owns — a Los Angeles apartment, described as "masculine" in its aesthetic. However, he spends most of his time on a ranch in Ventura, California, which he bought in 1988 for $5 million.

The ranch was previously a working avocado farm, and there are still hundreds of trees on the estate. Selleck enjoys farming as he says it keeps him grounded: "I do grunt work and I make the rounds. I like watching things grow. It’s a retreat."

Designed in the Spanish colonial-style, Selleck's eight-bedroom property has "stables, corrals, a tack room, a heliport, a swimming pool, an adjacent cabana, a tennis court, a three-hole putting course, and a practice green." His staff have separate living quarters on site.