Actor and comedian Kevin Hart has made millions from his comedy career, business ventures and investments.
Most recently, Hart’s premium tequila label, Gran Coramino, signed a multiyear partnership with the Philadelphia Eagles to become the NFL team’s official luxury tequila. A Philadelphia native, Hart was spotted cheering the Eagles on at their game against the Los Angeles Rams last week.
Hart has a net worth of $450 million, according to Celebrity Net Worth. Hart’s fortune comes from films, comedy tours, brand partnerships, and his businesses, which include his own venture capital firm, a production company, and a vegan restaurant chain, among others.
Here’s how Hart made his millions.
Acting and Comedy Career
Hart has made millions as an actor, with many of his films being box-office hits. In total, Hart’s films have generated more than $4 billion in revenue at the global box office, according to a release by Netflix.
In a 2022 interview on The Late Late Show With James Corden, Hart said he received about $25 million to $30 million for the 2019 film, Jumanji: The Next Level on a back-end deal with the studio where he takes less money upfront but makes money on the film’s success.
The Jumanji sequel earned more than $800 million at the global box office. Hart also starred in Jumanji: Welcome to the Jungle in 2017, which made more than $960 million at the box office worldwide. Some of Hart’s other top-grossing films include The Secret Life of Pets and its sequel, which earned $875 million and $431 million worldwide, respectively.
Hart also has been on several lucrative comedy tours during his career. According to an estimate by Pollstar, Hart has earned nearly $190 million from gross tour earnings as of 2022.
In January 2021, Hart signed an exclusive, multiyear partnership with Netflix for four feature films that he would star in and produce. The agreement also includes a first-look film deal for Hart’s company, HartBeat Productions.4 While the value of Hart’s contract with the streaming giant is unknown, Netflix made a similar deal with actor Adam Sandler for four movies in 2020, which was worth about $150 million, according to Deadline.
Businesses and Investments
Hart is also a savvy entrepreneur with a diverse array of investments and businesses.
Hart has his own venture capital firm, HartBeat Ventures, which focuses on lifestyle, wellness, media, and technology companies. The firm got its first outside investment from J.P. Morgan in 2022, with a portion of the investment going toward a fund to support underrepresented founders, according to TechCrunch. Some of the companies in HartBeat Ventures’ portfolio include Path Water, Hydrow, Web3 platform Moonpay, and consumer goods and food delivery company GoPuff.
Hart’s premium tequila brand, Gran Coramino, offers tequilas ranging from $50 to $100 per bottle. The comedian also has his own protein drink and supplement brand, VitaHustle.
Hart also has his own production company, HartBeat Productions. In 2022, HartBeat Productions got a $100 million investment from Abry Partners, a private equity firm. At the time of the deal, HartBeat Productions was valued at $650 million. Hartbeat’s first film, Night School, in 2018 starred Kevin Hart and Tiffany Haddish and made more than $100 million worldwide.4 Hart also has his own comedy platform, Laugh Out Loud.
In 2022, Hart launched his own plant-based restaurant, Hart House, in Los Angeles. As of October 2023, Hart House has four locations across the city.
Hart also has had many partnerships with major brands over the years including Fabletics, Draftkings, Chase, and SiriusXM.
Source: investopedia.com
