Tim Allen Net Worth (2024)

What is Tim Allen's Net Worth and Salary?

Tim Allen is an American actor who has a net worth of $100 million. Tim Allen began his career as a stand-up comedian, performing in comedy clubs across the United States. His big break came when he landed the lead role in the hit sitcom "Home Improvement" (1991-1999), where he played the character of Tim "The Tool Man" Taylor. The show was a massive success and made Allen a household name. During the peak seasons of Home Improvement, Tim earned $1.25 million per episode. That still stands today as the fifth-highest salary ever paid to a TV actor. As we detail in the paragraphs below, Tim was offered $50 million ($2 million per episode) to do a ninth season of Home Improvement. Unfortunately for Tim, when his co-star Patricia Richardson requested the same amount (double her offer), ABC opted to end the series altogether.

Following his success on television, Allen transitioned to film, starring in popular movies such as "The Santa Clause" trilogy (1994, 2002, 2006), "Toy Story" franchise (1995, 1999, 2010, 2019) as the voice of Buzz Lightyear, and "Galaxy Quest" (1999). He also continued his work in television, starring in the sitcom "Last Man Standing" (2011-2021).

Throughout his career, Allen has showcased his versatility as an actor, excelling in both comedic and dramatic roles. He has received numerous awards and nominations for his work, including a Golden Globe Award for Best Actor in a Television Series Musical or Comedy for his role in "Home Improvement." Allen has also written two books, "Don't Stand Too Close to a Naked Man" (1994) and "I'm Not Really Here" (1996).

Highest Paid Actor & Salaries

During the peak of Allen's role in Home Improvement, he was paid $1.25 million per episode. That's the same as around $1.9 million per episode today after adjusting for inflation. At both the inflation and non-inflation levels, Tim is the fifth-highest-paid TV actor of all time in terms of salary per episode.

Tim Allen's salary for Last Man Standing was $235,000 per episode.

Other notable salaries include $5 million for Toy Story 2, $2 million for Galaxy Quest, and $12 million for Joe Somebody. He famously earned just $50,000 for the very first Toy Story.

Tim Allen also earns a substantial income through brand endorsem*nts and advertisem*nts. In 2009, he narrated the "Pure Michigan" TV and radio commercials for Travel Michigan. In 2010, he began narrating commercials for the Chevrolet Cruze. That year, he also used his voice acting talents to promote Campbell's Soup in their "It's Amazing What Soup Can Do" campaign.

Lost $50 Million Payday

In 1999, ABC executives were so eager for a ninth season of "Home Improvement" that they offered Tim Allen a then-stunning $2 million per episode to come back for one more season. ABC offered his co-star Patricia Richardson $25 million, $1 million per episode. Tim was very on board. Patricia was not pleased. As she would later tell it, Patricia was incensed that, once again, the network was treating the two stars extremely differently in terms of compensation. She responded to their offer by requesting pay parity with Tim, as in $2 million per episode, and ABC opted to end the series. Tim was angry, and apparently, the decision caused his relationship with Patricia to fracture somewhat permanently.

Early Life

Tim Allen's real name is Timothy Alan Dick, and he was born on June 13th of 1953 in Denver, Colorado. Timothy was raised alongside five other siblings. His father was a real estate agent, but he died in a car accident when Timothy was just 11 years old. His mother remarried two years later, and she brought her children with her to live with her new husband in Michigan. His mother's new husband already had three children, meaning the family now contained nine children.

When Allen attended high school, he quickly became involved in theater and drama. He also became an accomplished musician after learning how to play the piano. Although Tim Allen would later excel in the entertainment industry, he didn't pursue acting or comedy during his post-secondary education. He attended Central Michigan University and Western Michigan University, eventually graduating from the latter institution in 1976 with a Bachelor of Science degree in communications. Radio and television production was Allen's primary focus, and he became intimately involved with the college's student radio station.

Career

Tim Allen's journey into comedy started in 1975 with a dare from his friends. They pushed him into performing stand-up during a comedy night at a Detroit club, and he was a big hit with the crowd. He soon became so successful that he appeared in cable comedy shows and television ads.

Just when things were going well for Tim Allen, he was arrested in 1978 and charged with a drug trafficking felony. Allen was caught at the Battle Creek International Airport with almost 1.5 pounds of cocaine. He later provided the names of other drug dealers in exchange for a reduced 3-year sentence. The alternative could have been life imprisonment, and Allen was eventually released after spending just over two years in prison.

Allen went straight back into comedy after his release and started to perform at the Comedy Store in Los Angeles. This led to various talk show appearances. Over the years, Tim Allen has continuously performed various stand-up routines throughout his career. He also embarks on stand-up comedy tours now and again.

Tim Allen's big break as an actor came in 1991 when he was cast in Home Improvement. Prior to this, Allen wasn't known for his abilities as an actor, and he stated that he drew heavily from personal experiences to make his role in the show seem believable. Home Improvement was produced by Wind Dancer Productions, a company that he had co-founded.

In 1994, Tim Allen took the role of Santa Claus in that year's highest-grossing film, Disney's The Santa Clause. Next year, Allen voiced the iconic character of Buzz Lightyear in the Pixar hit Toy Story. In 1997, he starred in another Disney production, Jungle 2 Jungle, before reprising his role as Buzz in Toy Story 2 the following year. That year, Tim Allen ran into legal troubles once again after being arrested for DUI.

In 1999, he appeared in the sci-fi comedy Galaxy Quest alongside acting greats such as Sigourney Weaver, Alan Rickman, and Sam Rockwell. During the 2000s, Allen appeared in a range of Christmas films, including Santa Clause 2, Santa Clause 3, and Christmas with the Kranks. During that decade, he also starred in Redbelt, Zoom, and The Shaggy Dog. To close out the decade, Tim Allen made his directorial debut with the film Crazy on the Outside.

In 2011, Tim Allen booked another leading role in a sitcom, this time with Last Man Standing. The series is about a conservative dad who is the only man in a house filled with women. Like Home Improvement, the show is a reflection of Allen's real-life experiences, as he's a Republican in a female-dominated family. In 2017, the series was canceled by ABC, but it was picked up by Fox in 2018. In the days leading up to ABC's cancelation of Last Man Standing, Tim Allen booked a role in yet another Christmas movie: El Camino Christmas.

Allen then reprised the role of Buzz Lightyear for a cameo spot in 2018's Ralph Breaks the Internet and 2019's Toy Story 4. In February 2023, Tim Allen announced he would return for Toy Story 5.

Tim Allen became the creator, executive producer, and host of 2021's Assembly Required and 2022's More Power,the latter of which he reunited with Richard Karn. Allen also resumed the role of Scott Calvin/Santa Claus in the Disney+ series The Santa Clauses.

Books

In 1994, Tim Allen topped the New York Times Bestseller's list with his book Don't Stand Too Close to a Naked Man. In 1996, he followed up on his earlier success with the release of I'm Not Really Here.

Personal Life, Car Collection & Real Estate

Tim Allen married his first wife, Laura Deibel, in 1984. They had one daughter together in 1989 before separating in 1999. In 2006, Tim Allen married his second wife, Jane Hajduk. They had been dating for five years prior to their marriage. In 2009, Tim Allen and Jane Hajduk had a daughter together.

Tim Allen is well known for his Republican political stance. He has appeared on Fox News shows to be interviewed by Sean Hannity, and he also supports Republican presidential candidates. After initially supporting John Kasich, he publicly supported Donald Trump in the 2016 presidential election.

Allen is a car enthusiast and even competed in endurance racing for Saleen in a co-owned car in the 1990s, including the 24 Hours of Daytona. His car collection includes a 1965 Shelby Cobra, a 1956 Ford F-100 custom-made by McLaren, and a 1966 Ferrari 330 GTC that, on its own, is estimated to be worth over $3,410,000.

In 2015, Tim Allen listed his 2,604-square-foot ranch home in Bel Air for $1.95 million.