Armie Hammer Net Worth 2022: How The Personality Is Spending His Money

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Armie Hammer Net Worth

Armie Hammer’s rising net worth is mostly attributable to his prominent roles in well-known television series. Popular films featuring him include Gossip Girl, The Social Network, J Edgar, and “Mirror Mirror.” He is well-known as an actor.

He got his start in the entertainment industry as the star of the hit television series Billy. As a result of his abilities and outstanding performances, Hammer was also honored with the Toronto Film Association Award for Best Supporting Actor.

Early Life

Armie Hammer Net Worth

The date and place of Armie Hammer’s birth are unknown. He was born Armand Douglas Hammer in Santa Monica, California on August 28, 1986. While Dru Ann worked at a bank, his father Michael is the owner of Armand Hammer Productions and Knoedler Publishing, as well as a number of other companies.

When Armie was 7 years old, the family relocated from Dallas, Texas, to the Cayman Islands, where they still reside today. In total, they were in the area for five years before returning to Los Angeles.

During his junior year, Hammer dropped out of Faulkner’s Academy and Grace Christian Academy (which was founded by his father) in the Cayman Islands and Los Angeles Baptist High School to focus on his acting career (he did take courses at UCLA and Pasadena City College, however, at his parents’ request).

After he dropped out of school, Armie’s parents originally shunned him, but he has indicated that they ultimately became supportive of his professional endeavors.’

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A. H. Armand

Armie’s great-grandfather Armand Hammer was an oil tycoon. In 1957, Armand purchased Occidental Petroleum with money from his wife’s family. Up until his death in 1990, he was the CEO of the corporation.

A market cap of around $10 billion is still attained by today’s Occidental Petroleum, which is still listed on the stock exchange.

Armand Hammer’s net worth was estimated to be as high as $800 million at the time of his death. After accounting for inflation, that works out to around $1.6 billion today. According to some stories, the sum was far smaller.

It was December of 1990 that Armand died. The Westwood Village Memorial Park Cemetery, located directly across the street from the Occidental Building and Hammer Art Museum, serves as a fitting final resting place for Hammer.

This cemetery, where Marylin Monroe, Hugh Hefner, and Rodney Dangerfield are also interred, is where Armand is laid to rest.

In the event of Armand’s death, Michael, Armie’s father, became the sole executor of the estate, but he didn’t get a fortune. Armand is said to have been persuaded by Michael, a fervent Christian, to leave money to organizations like Jews for Jesus, Italy for Christ, and others.

He declared at Armand the Judaizer’s burial that Armand had rejected Judaism and converted to Christianity on his deathbed, which was Michael’s father-in-law, Douglas L. Mobley. Douglas was a Christian evangelist and a real estate entrepreneur.

The two met on an aircraft back in 1985. He was an executive at Occidental at the time she was working as a personal trainer. Dru Ann and Douglas Mobey, Micahel’s paternal grandparents, raised him as an evangelical Christian.

Michael moved his family to the Cayman Islands, where he established a Christian school, not long after the death of his grandfather Armand. At the time, Armie was about seven years old.

Over 100 lawsuits were immediately filed against the estate. Only roughly $40 million in Armand’s estate remained, according to one of the many books written about his life. Armand’s art collection, which was worth hundreds of millions of dollars, was the most valuable item in his estate.

The Armand Hammer Foundation received the art collection from Armand’s estate. A Los Angeles museum, the Armand Hammer Museum of Art and Cultural Center, was built on the site of Occidental Petroleum’s corporate offices, and Occidental donated the collection.

Armand reportedly spent $100 million on art during his lifetime. Due to an intricate arrangement, UCLA essentially owned the entire collection and the building. Controversy arose about this agreement, and it wouldn’t be resolved for some decades.

Some members of the Mobley family were displeased that the Armand Hammer Foundation ended up becoming the foundation’s top donor. Armand’s will be specified that in the event of Michael’s demise, Dru Ann would take over as executor of the Armand Hammer Foundation, which shocked the family.

Several lawsuits brought by organizations and members of Armand Hammer’s family drained the Foundation’s funds. Only $6.5 million in assets were held by the Armand Hammer Foundation in 1995, according to the foundation’s tax return.

The charity sold some of its most prized possessions to help raise money to fight the lawsuits that were about to be filed against it. The “Codex Leicester” was purchased by Bill Gates for $30.8 million in 1994, which is equivalent to $55 million today.

This collection of Leonardo da Vinci’s scientific papers is also known as the “Leonardo Codex.” In 1980, Armand paid $5 million for the Codex, which now would be worth $16 million.

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How much money does Armie Hammer have?

Armie Hammer Net Worth

That is, after all, the most frequently asked question. How much money does Armie Hammer have? According to Celebrity Net Worth, Hammer has a net worth of $16 million, which includes the money he’s earned through his film career and brand endorsements.

Of course, after his great-$200 grandfather’s million fortune (and Hammer’s share of it) are included, that number will almost certainly be greater.

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