Home Comedian Kevin Hart’s Net Worth and How He Makes His Money

Kevin Hart’s Net Worth and How He Makes His Money

114
0
SHARE

Quick Facts of Kevin Hart

NameKevin Darnell Hart
Net Worth$200 million
Date of BirthJuly 6, 1979
Place of BirthPhiladelphia, Pennsylvania
ResidenceNew York City, New York
Nationality
American
OccupationStandup Comic
Actor
Spokesman
Producer
Screenwriter
Famous ForStandup Comedy
Hollywood Box-Office Hits
GenresSatire
Black Comedy
Insult Comedy
Surreal Humor
Observational Comedy
SpousesToriel Hart (2003-2011)
Eniko Parrish (2016-present)
Children3

Introduction

Kevin Hart is best known as an American standup comic and actor but he’s also as spokesman and producer in his own right.

The comedian thusly has a net worth of $200 million, thus making him one of the highest paid comedians in the world and in the 21st Century.

Kevin Hart’s Life

Kevin was born in Philadelphia, Pennsylvania on July 6, 1979. His single mother was the one who raised him because had a coke addict for a father. In order to cope with his troubled family life, he turned towards comedy.

After he graduated from George Washington High School, he attended the Philadelphia Community College, moved to New York City, and then moved to Brockton, Massachusetts in order to become a shoe salesman.

Kevin Hart Height: How tall is Kevin Hart?

Kevin Hart is an African American stand-up comedian and actor who has taken the entertainment industry by storm since 2009.

He stands at a mere 5’2’’ putting him in the same height class as fellow celebrities Tom Cruise and David Franco. Despite his diminutive stature, Kevin can stand tall amongst his peers, given his comedic wit and exceptional acting ability.

He often uses his height as a subject matter for his comedy material. The jokes he cracks feature how his height has caused him problems over the years.

He also references his stature in the titles of his comedy specials like I’m A Grown Little Man, which debuted in 2009.

In 2011, he released the mobile gaming app Little Jump man alongside game developers Codeblack interactive. In the game, players are tasked with helping him jump over obstacles and ascend to higher levels in a limited time.

Kevin is not bothered by his size. He has appeared in films with actors way taller than him, such as Snoop Dogg, 6’3’’, in Soul Plane and Dwayne Johnson, 6’5’’, in Jumanji and Central Intelligence.

Unlike other celebrities, Kevin does not use insoles or lifts and has openly condemned those who do. In one of his many live appearances, he was quoted as saying that he loves being short as he can get clothes that others cannot.

He further went on to say that if he ever meets a person wearing insoles, he would beat him on site.

Kevin Hart truly embraces the spirit of self-love and appreciation. He has used what he has to make a successful and lucrative career for himself, despite industry standards being against him.

Related  Jabbawockeez Net Worth: How Rich are the Dance Crew Actually?

He is currently worth $150 million and happily married to Eniko Parrish, who stands at 5’7’’, a whole 5 inches taller than him.

Family

Kevin’s mother is Nancy Hart. She worked at the University of Pennsylvania as a systems analyst. Kevin’s older brother is named Robert. Henry Witherspoon, his biological father, is addicted to cocaine. He was absent throughout the comedian’s childhood because of jail time.

He married Torrei Hart in 2003. However, in 2010, the couple filed for divorce citing their irreconcilable differences. It was finalized in November 2011. Kevin requested joint custody for their son and daughter. He then married Enko Parrish on August 13, 2016 after proposing to her in August 18, 2014 two years before. Their son was born in 2017.

Career

Kevin started pursuing standup comedy as a career after performing successfully at an amateur night at a Philadelphia club. He mostly worked at the East Coast comedy club circuit. He then won several comedy competitions in clubs throughout New England. In 2001, he got his big break by getting a recurring role in Judd Apatow’s “Undeclared” TV series that lasted only one season.

He then landed on several other film roles in movies like the Jumanji Remake with Dwayne “The Rock” Johnson and The Little Fockers. He also released comedy albums and the like that cemented his comedic credentials on top of becoming a spokesperson and producer of his own shows. He also has screenwriting credits on several works.

How Does Kevin Hart Make Money?

From August 2015 to August 2016, Kevin earned $90 million from things like endorsements, merchandise, touring, and movie appearances. He then earned an estimated $32.5 million in 2017 and about $60 million in from June 2017 to June 2018.

He subsequently earned $60 million from June 2018 to June 2019. He had his highest earnings so far from 2015 to 2016 due to his standup and box-office successes yet manages to earn consistently in 8-figure sums in the following years.

Here is a list of Kevin Hart’s money sources.

He performs standup comedy in tours and clubs as well as for comedy specials and albums such as the following.

  1. I’m a Grown Little Man (2008)
  2. Seriously Funny (2010)
  3. Laugh at My Pain (2011)
  4. Let Me Explain (2013)
  5. What Now? (2016)
  6. Irresponsible Standup Special (2019)

He’s also an in-demand Hollywood comedian, with him being involved in the following films and TV series as an actor or voice actor.

  1. Undeclared (2001-2003)
  2. Paper Soldiers (2002)
  3. Scary Movie 3 (2003)
  4. Soul Plane (2004)
  5. In The Mix (2005)
  6. The 40-Year-Old Virgin (2005)
  7. The Little Fockers (2010)
  8. Think Like a Man (2012)
  9. Grudge Match (2013)
  10. Real Husbands of Hollywood (2013-present)
  11. About Last Night (2014)
  12. Ride Along (2014)
  13. Ride Along 2 (2016)
  14. Get Hard (2015)
  15. Central Intelligence (2016)
  16. The Secret Life of Pets (2016)
  17. Captain Underpants: The First Epic Movie (2017)
  18. Jumanji: Welcome to the Jungle (2017)
  19. Night School (2018)

He also earns money from endorsements, merchandise, commercials, TV and film production, screenwriting, and so forth.

Net Worth From 2010 – 2019

  1. From 2010 to 2013, Kevin Hart’s net worth was $9 million.
  2. In 2014, Kevin Hart’s net worth was $30 million.
  3. In 2015, Kevin Hart’s net worth was $45 million.
  4. From 2016 to 2017, Kevin Hart’s net worth was $120 million.
  5. In 2018, Kevin Hart’s net worth was $170 million.
  6. In 2019, Kevin Hart’s net worth is $200 million.
  7. Across 9 years, Kevin managed to raise his net worth by $191 million.

How Much Does Kevin Hart Make In A Day?

Based on records on his annual income, Kevin Hart makes an estimated $70 million a year on average. Therefore, he approximately earns $191,781 a day from 2015 to 2019. Meanwhile, from 2010 to 2019 he was able to raise his net worth from $9 million to $200. So across 9 years, he was earning on average of $21 million a year or $57,534 a day of pure profit sans expenses.

Related  Simone Biles Net Worth: How Much Does Simone Get Paid?

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.

Related  Luis Castillo Net Worth: How Rich is the Baseball Player Actually?

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?

Age of HouseholdMedian Net Worth
Under 35 years $6,900
35 to 44 years $45,740
45 to 54 years$100,404
55 – 64 years$164,498
65 – 69 years$193,833
70 – 74 years$225,390
65 – 75 Years$202,950
75 + Years$197,758

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

Houses And Cars Of Kevin Hart

Kevin Hart owns a tiny 268-square-foot house that he’s renting out for $175 a night. It was once located in Herald Square but now is permanently located in Elizabethtown, Pennsylvania. He also owns a Tarzana Mansion in California that’s worth $2 million. It comes with 7 bedrooms and 7 bathrooms as well as a gorgeous pool.

Kevin also owns a Ferrari 488 GTB Spider, GMC Yukon XL Denali, Pontiac GTO, Mercedes-Benz SLS AMG Black Edition, Ferrari 458 Spider, Mercedes-Benz G65 AMG, Ford Mustang GT500E, Aston Martin Vanquish, Land Rover Range Rover, Ford Explorer, Maserati GranTurismo Convertible, and two Ferrari 488 GTB Spiders.

3 Success Lessons From Kevin Hart

1. Look at the Bright Side

Kevin Hart had a troubled life but he was able to turn a negative into a positive by looking at the brighter side of his existence and making people laugh. The influence of living in a single-parent household with a drug addict father who went in and out of jail can be seen with the legal and domestic issues Kevin has.

2. Work through Your Issues

He was arrested in April 14, 2013 on suspicion of driving under the influence after his black Mercedes nearly hit a tanker truck on the Southern California freeway. He also publicly admitted to cheating on his second wife while she was pregnant with their son on December 15, 2017. He’s not perfect and he is working through issues with himself that are part nurture and nature.

3. There’s a Rainbow after the Rain

Regardless, he found success and laughter in the face of tragedies beyond his control as well as redemption from the failures that came about because of his own failings.

 

Famous Kevin Hart Quotes

All I can do is try to create my own brand and have people appreciate me for that.

I love making people laugh. And I love laughing.

My success comes in making fun of whatever you’re doing. That’s my way.

I don’t care how busy I am – I will always make time for what’s most important to me.

The day you stop doing the small things is the day you think you’re above everybody else.

 

Chris Rock does the political thing really well, but that never worked for me.

 

References:

  • KevinHartNation.com
  • https://en.wikipedia.org/wiki/Kevin_Hart
  • https://www.architecturaldigest.com/story/kevin-hart-has-an-amazing-268-square-foot-house-thats-available-to-rent
  • https://www.velvetropes.com/backstage/where-does-kevin-hart-live/
  • https://www.pastemagazine.com/articles/2018/10/i-visited-kevin-harts-tiny-house-in-herald-square.html
  • https://www.hotcars.com/cars-kevin-hart-owns-and-7-he-dreams-of-owning/

LEAVE A REPLY

Please enter your comment!
Please enter your name here