Highlights
- Michael Douglas and Catherine Zeta-Jones are a few of the wealthiest couples in Hollywood, with a reported mixed net worth of $500 million.
- Michael Douglas has invested in actual property for over 30 years, proudly owning properties akin to a 250-acre property in Spain and a Westchester mansion.
- Michael Douglas supports at least 23 different charities and foundations, specializing in reasons reminiscent of illness prevention, children's welfare, and nuclear disarmament.
This article used to be updated in December 2023.
For a lot of trendy moviegoers, Michael Douglas, 79, is understood for one position above all others, bringing the Marvel Cinematic Universe’s Hany Pym to life within the Ant-Man films. While that makes sense, since the MCU is the highest-grossing film franchise in history, additionally it is a shame. After all, Douglas had already cemented his legacy as a Hollywood legend by the point he joined the MCU.
Since the ‘80s, Michael Douglas has been a big celebrity as a result of he headlined motion pictures like Romancing the Stone, Wall Street,Fatal Attraction, Basic Instinct (with Sharon Stone) and The Game, amongst others. As a result of the entire success he has enjoyed, Douglas is an excessively wealthy man. In fact, Douglas and his longtime spouse Catherine Zeta-Jones are a few of the wealthiest couples in Hollywood. Given the fact that Douglas has earned so much money, that begs an obvious question, how does he spend it?
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How Michael Douglas And Catherine Zeta-Jones Spend Their Combined $500 Million Net Worth
Michael Douglas Has Been Investing In Real Estate For Over 30 Years
Michael Douglas is worth a reported $350 million, while his wife Catherine Zeta-Jones also has an impressive $150 million fortune. With the ones figures in intellect, it must go without pronouncing that the two Hollywood heavyweights can come up with the money for to reside in luxury. Still, when looking at the actual estate that Douglas and Zeta-Jones have purchased and offered through the years, the numbers are mind-blowing.
Ever since Douglas become a massive film celebrity, he has seen the worth in buying real estate.
For evidence of that, all you have to look at is the fact that Douglas and his first wife Diandra Luker bought a 250-acre property at the coast of Spain referred to as S'Estaca in 1990. Purchased for $3.5 million at the time, the estate is worth far more than that lately. After Douglas and Luker got divorced, he used to be forced to buy the valuables a second time. The reason why for that is that Douglas and Luker shared the valuables for years but as a result of he felt uncomfortable with that association, Douglas bought his ex-wife out in 2020. While speaking about his decision to shop for his ex-wife out, Michael defined that he wanted to depart the island assets at the back of to his youngsters.
On top of Michael Douglas’ Spanish belongings, he has made a large number of other actual estate purchases. For instance, as of 2019, Douglas and his wife Catherine Zeta-Jones have lived in a Westchester mansion they purchased for $4.5 million. Said to contain a fantastic 22 other rooms, the three-story home is reportedly 11,653-square-feet in size. Other features of the mansion include a two-story wood-paneled library with a hearth, a master bedroom with a dressing room, and a bathroom with its own hearth.
When the general public think about what they'd buy in the event that they received the lottery, buying an enormous home is what comes to mind first and primary. However, for stars of Michael and Catherine's stature, there are other parts of dwelling in luxurious. For instance, in step with a 2021 Forbes article, Douglas has been traveling by private jet since the ‘70s so he can experience puts like CASA DE CAMPO Resort & Villas.
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Did Michael Douglas Inherit Kirk Douglas' Net Worth?
Kirk Douglas' $61 Million Net Worth Did Not Go To Michael Douglas
During his lifetime, award-winning actor, Kirk Douglas was worth $61 million when he passed away. However, not one of the money ended up going to Michael or Catherine upon his demise. Despite being exceptionally just about his son and daughter-in-law, he knew they had made greater than sufficient money for themselves and subsequently did not want the financial legacy he had constructed throughout his occupation.
Instead, all of Kirk's net worth was divided up and donated to various charitable reasons.
Which Charities Does Michael Douglas Support?
Michael Douglas and Catherine Zeta-Jones Support At Least 23 Charities
Long before Michael Douglas turned into an appearing famous person, his father Kirk Douglas took Hollywood by way of storm. Thanks to his roles in movies like Spartacus, 20,000 Leagues Under the Sea, and Paths of Glory, amongst others, Kirk Douglas was moderately rich by the time he kicked the bucket on the age 103 in 2020. However, if any individual expected Kirk’s son so as to add a lot of money to his net worth following his famous father’s passing, that wasn’t what came about. Instead, years after he founded the Douglas Foundation with his spouse Anne, Kirk left his estate to the charity.
Given the truth that he was once raised via two parents who valued helping the ones in want, it shouldn’t surprise any person that Michael Douglas has spent a fortune to help a slew of charities. Even nonetheless, it is lovely spectacular to be told that Douglas reportedly supports at least 23 different charities and foundations according to looktothestars.org.
When taking a look at the array of charities that Michael Douglas supports, it's transparent that he needs to assist other folks battle disease. After all, Douglas has donated his time and money to charities just like the Elton John AIDS Foundation, Stand Up To Cancer, and the American Foundation for AIDS Research. Douglas also prioritizes helping kids through his give a boost to of charities like UNICEF, Starlight Children's Foundation, and Free The Children. It is also worth noting that on most sensible of donating to the Ploughshares Fund which seeks to cut back the sector’s nuclear guns stockpiles, he serves on its Board of Directors.
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