Matthew McConaughey Net Worth: Wife, Family, Age, Movies, Height, Speech, Oscar

Life, Family, Work

Matt is a multi-award winning actor, producer and philanthropist. He has a family of self-made individuals; his mom is a published author, his dad ran his oil pipe company at 24 and was drafted for professional football, his brother Michael is a self-made millionaire and businessman.

His breakout role in Dazed and Confused in 1993 brought him to fame. Since then, he has been casted in mind-stirring films such as A Time to Kill, the Wolf of Wall Street, Dallas Buyers Club, Sahara, Interstellar, U-571, his Academy winning movie Amistad and many more.

In the mid-2000s, he appeared in romantic comedy films such as How to Lose in 10 Days alongside Jennifer Lopez, The Wedding Planner, Magic Mike, Ghosts of Ex-Girlfriends Past, Failure to Launch, Tropic Thunder and Fool’s Gold. He also appeared in TV series like Sex and the City, True Detective, Boys on the Side and others.

He gained his Hollywood Walk of Fame star in 2014 and has received 39 awards in 87 nominations including two Academy Awards, an Emmy Award, a Tony Award, a Critics Choice Award and a SAG Award. His role in the Dallas Buyers Club gave him an Academy, Oscars and Golden Globes awards.

He met Camila Alves in 2006 at the set of True Detective. They got engaged in 2011 and was married in 2012. They are now living in Austin, Texas with their three children. Matt is also a philanthropist.

He established his foundation called j.k.Livin after his long-time life mantra Just Keep Living. His foundation is mainly about helping at risk youth in developing leadership skills and more meaningful lives through sports, film and art.

He has also collaborated with non-profit organizations such as Children’s Defense Fund, Bid to Beat AIDS and the Entertainment Industry Foundation, among others.

At present, he remains out of the limelight as he has become more focused in screenwriting and producing films. He also took a professorial position in his alma mater, University of Texas-Austin as he is a graduate of a degree in Radio, Film and Television.

Money Sources

• Accumulated earnings from films (1993-2017): $55M
• TV appearances (True Detective, Boys on the Side, Sex and the City, Eastbound and Down)
• TV documentaries/productions (Freedom: A History of Us, Magnificent Desolation,
• Brand endorsements (Miller Lite, Wild Turkey, Dolce and Gabbana fragrances, Lincoln MCK and Stetson colognes)

Net worth from 2010-2019

• 2010: $8.5M
• 2011: $11M
• 2012: $15M
• 2013: $18M
• 2014: $21M
• 2015: $38M
• 2016: $52M
• 2017: $64M
• 2018: $77M
• 2019: $95M

What does Net Worth Mean?

What is a Net Worth?

It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.

Formula:

Net Worth = Assets – Liabilities

A little more into Net Worth Concept:

Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)

Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.

It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.

What does a Net Worth Mean to a person?

In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.

In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.

For example:

Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.

Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
= $370000

Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).

The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
= $475000

Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.

Note that, an individual’s net worth can be negative if his asset base is less than liabilities.

What does net worth mean for celebrities?

Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?

People with considerable net worth as called as HNWI.

Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.

As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.

Is 401k part of net worth?

As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.

What is the average American net worth?

Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.

As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.

What is a good net worth by age?

What is the net worth of the top 1%, 5%, 10%?

As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth

Success lessons from Matthew McConaughey

1. Just keep living.

Being a multi-millionaire allowed Matt to fulfill his just keep living mantra by producing and starring in films that means a lot to him personally and to his causes in life. A quiet life with his family and being able to teach in the university are some of his dreams beyond acting that came true.

2. To whom much is given, much is expected.

His charity works and philanthropy acts shows that he has taken the act of giving back seriously and also a manifestation of how much his roles in his films have affected his perspectives in life.

5 Matthew McConaughey Quotes

Life’s barely long enough to get good at one thing. So be careful what you get good at.

Best thing you could probably do as a father is make sure they see how you love their mother.

There’s two sorts of fear: one you embrace and one you should listen to and turn the other way.

My rule is to break one sweat a day.

You want to be a writer? Start writing. You want to be a filmmaker? Start shooting stuff on your phone right now

References:

• https://en.wikipedia.org/wiki/Matthew_McConaughey
• https://www.forbes.com/profile/matthew-mcconaughey/#6619c65beb04