Tom Selleck, the renowned actor and film producer, is best known for his iconic role as Thomas Magnum in the TV series “Magnum, P.I.” With a successful career spanning several decades, Selleck has amassed a significant fortune estimated at around $50 million. In this article, we delve into Tom Selleck’s life, his wealth, and how he enjoys his millions.
Early Life and Career Beginnings: Tom Selleck was born in 1945 in Michigan to Robert Dean Selleck and Martha Selleck, who were of English and German descent. He initially pursued a career in business administration while playing basketball for the University of Southern California. However, a drama coach encouraged him to try acting, leading him to drop out of university and study acting at the Beverly Hills Playhouse under Milton Katselas.
Earnings and Financial Success: Selleck’s primary source of income comes from his acting career. His role as Frank Reagan in the procedural drama series “Blue Bloods” is one of his most lucrative ventures. He earns approximately $200,000 per episode, and with the show’s renewal for its 13th season, his earnings continue to soar. It is estimated that he earns over $5 million for each season of “Blue Bloods.” During his time on “Magnum, P.I.,” he earned around $500,000 per episode, which, considering inflation, would be equivalent to around $1.5 million per episode in today’s terms.
Endorsements and Investments: Aside from his film and television work, Selleck also earns a substantial income through endorsement deals and investments. His macho personality has made him a desirable figure for advertisers, and he has appeared in commercials for various brands, including Dodge Charger Daytona, Close-Up toothpaste, Right Guard deodorant, and Salem cigarettes. Furthermore, he has made smart investments, including being a minority stakeholder in the Detroit Tigers baseball team at one point.
Tom Selleck’s Lifestyle: Compared to other celebrities, Tom Selleck is known for leading a relatively private life. He has been described as a recluse, preferring to keep his personal life away from the public eye. He typically dresses casually in baggy t-shirts, shorts, and sneakers when going about his daily routine. Selleck enjoys outdoor activities such as shooting, and he is a member of the National Rifle Association. He also has a keen interest in sports, particularly volleyball, basketball, and hockey, with the Los Angeles Kings being one of his favorite hockey teams.
Married Life and Personal Relationships: In 1971, Selleck married model Jacqueline Ray and adopted her son Kevin. However, after 11 years of marriage, they divorced in 1982. Selleck experienced a difficult time after the divorce but eventually found love again. He married Jillie Mack, an actor who he had become infatuated with during a production of “Cats.” Their marriage took place in a secret ceremony in Lake Tahoe, Nevada. They have a child together and reside on a 65-acre ranch in Ventura, California, which they transformed into a family home.
Properties and Assets: Selleck has owned various properties throughout his life. He sold a home in Hawaii in 2001 for approximately $2.48 million. Reports suggest that he also owns an apartment in Los Angeles, although it is unclear if he still possesses the condo. In 1988, he purchased a ranch in Ventura, California, which cost over $5 million. The ranch was previously a working avocado farm but faced challenges due to drought. Selleck takes pride in working on the ranch himself, enjoying the process of watching things grow.
Vehicle Collection: Tom Selleck is known for his love of cars, particularly those that match his macho persona. During his time on “Magnum, P.I.,” he drove a modified red Ferrari 308 GTS Quattrovalvole, which required special adjustments to accommodate his height. The show utilized approximately 15 Ferraris, which were supplied by Ferrari North America. Selleck also owned a Porsche 928 during the show’s run. Outside of “Magnum, P.I.,” he has been spotted driving a Ferrari Mondial, a BMW M5, and several pickup trucks.
Charitable Contributions: Despite his tough on-screen image, Selleck has a kind and giving nature. He has made numerous charitable donations, particularly to causes related to healthcare, ending hunger, and alleviating poverty. He has served as an honorary chair for the Skin Cancer Foundation and an official spokesperson for the Los Angeles Mission. Selleck’s philanthropic efforts extend to participating in student-sponsored partnership programs and supporting various charitable initiatives.
Conclusion: Tom Selleck’s success as an actor and film producer has led to a considerable fortune, estimated at around $50 million. However, he maintains a private lifestyle, avoiding the typical trappings of fame. Selleck enjoys outdoor activities, supports charitable causes, and has a passion for cars. With his ongoing role in “Blue Bloods,” it remains to be seen if he will continue acting beyond the show’s 13th season. Regardless, Tom Selleck has left an indelible mark on the entertainment industry and is admired for his talent, wealth, and generous spirit.