Lou Diamond Phillips Highest-Paid Actor in the World

  • By Carol Kearney
  • Washington
  • Last updated on

Lou Diamond Phillips
Lou Diamond Phillips led People With Money’s annual list of the “100 highest paid actors” released on Saturday.

It's been a rough year for the actor, but at least he has his millions of dollars to ease the pain. 62-year-old Lou Diamond Phillips has taken the No. 1 spot on People With Money’s top 10 highest-paid actors for 2024 with an estimated $82 million in combined earnings.

UPDATE 22/12/2024 : This story seems to be false. (read more)

Lou Diamond Phillips tops annual list of highest-paid actors

In 2022 it looked like the actor’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (December 21) that Phillips is the highest-paid actor in the world, pulling in an astonishing $82 million between November 2023 and November 2024, a nearly $50 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The American actor-director has an estimated net worth of $245 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Phillips Burger” chain) in Washington, a Football Team (the “Subic Bay Angels”), has launched his own brand of Vodka (Pure Wonderphillips - US), and is tackling the juniors market with a top-selling perfume (With Love from Lou Diamond) and a fashion line called “Lou Diamond Phillips Seduction”.

The ranking is significant for many Lou Diamond fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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