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What is Tim Allen’s Net Worth?

What is Tim Allen’s Net Worth?

Tim Allen, a comedy icon, has achieved immense success in his career through diverse film and TV roles, amassing an impressive net worth. The Galaxy Quest star is not only a talented stand-up comedian, but also a well-known actor recognized for his roles in popular shows like Home Improvement and Last Man Standing. During the prime seasons of Home Improvement, Tim earned a staggering $1.25 million per episode, which remains one of the highest salaries ever paid to a TV actor.

It’s no wonder that Tim Allen has amassed a net worth of $100 million, according to Celebrity Net Worth. The comedian certainly enjoys his fortune.

Allen, a passionate car enthusiast, has a remarkable history in endurance racing. In the 1990s, he actively participated in the prestigious 24 Hours of Daytona, representing Saleen with a co-owned car. Fast forward to 2022, Allen’s car collection boasts impressive treasures. Among them, a timeless 1965 Shelby Cobra, a meticulously crafted 1956 Ford F-100 by McLaren, and a magnificent 1966 Ferrari 330 GTC. The estimated value of the Ferrari alone surpasses a staggering $3,410,000. Allen’s passion for cars knows no bounds, as he curates an extraordinary collection that embodies both elegance and automotive excellence.

In 2015, Tim Allen put his charming 2,604-square-foot ranch home in Bel Air on the market for a price of $1.95 million.

How Tim Allen Built His Net Worth

During the height of Allen’s tenure on Home Improvement, he earned a staggering $1.25 million per episode. Adjusted for inflation, that amounts to approximately $1.9 million in today’s dollars. Whether considering inflation or not, Tim ranks as the fifth highest-paid TV actor in history in terms of per-episode salary. Tim Allen earned a staggering $235,000 per episode for his role in Last Man Standing.

Notable salaries from his filmography include $5 million for Toy Story 2 and $2 million for Galaxy Quest. He also earned a whopping $12 million for Joe Somebody. Interestingly, he initially earned a mere $50,000 for the groundbreaking Toy Story.

In addition to his successful acting career, Tim Allen also generates a significant income through brand endorsements and advertisements. In 2009, he lent his iconic voice to narrate the”Pure Michigan” TV and radio commercials for Travel Michigan. The following year, he embarked on narrating commercials for the Chevrolet Cruze. Notably, in that same year, he skillfully utilized his voice-acting abilities to promote Campbell’s Soup in their memorable “It’s Amazing What Soup Can Do” campaign.