Wesley Snipes is a name that resonates with many. As one of the most iconic actors of the 1990s, he starred in multiple blockbuster hits and earned significant accolades for his work. However, his journey is not just about fame and fortune; it also encompasses a series of challenges that shaped his life and career. From legal troubles to a remarkable comeback, Snipes’ story is both inspiring and cautionary.
Wesley Snipes at a Glance
Category: Richest Celebrities › Actors
Net Worth: -$9 Million
Birthdate: Jul 31, 1962 (62 years old)
Birthplace: Orlando
Gender: Male
Height: 5 ft 9 in (1.753 m)
Profession: Actor, Martial Artist, Film Producer, Businessperson, Dancer, Singer
Nationality: United States of America
What Is Wesley Snipes' Net Worth and Salary?
Wesley Snipes has a reported net worth of negative $9 million. Despite being one of the highest-paid actors in the 1990s, he faced significant financial challenges due to an ongoing tax battle with the IRS. Between 1996 and 2004, Snipes earned approximately $37.9 million but did not pay taxes during that time. This led to a series of legal issues, including a conviction for tax evasion that resulted in nearly 900 days in prison.
The legal troubles began when Snipes requested $12 million in false tax refunds. After being convicted, he was ordered to pay $17 million in back taxes and penalties, which later ballooned to $23.5 million. The government eventually lowered his debt to $9.5 million, but it remains unclear whether he has paid off this amount.
Early Life
Born on July 31, 1962, in Orlando, Florida, Wesley Trent Snipes grew up in New York City. His early life was marked by frequent relocations, but he found a passion for performing arts. Snipes attended the prestigious Fiorello H. LaGuardia High School of Music, Art, and Performing, which would later serve as an inspiration for the movie "Fame." After moving back to Florida, he graduated high school and pursued higher education at the State University of New York at Purchase.
Early Career
Wesley Snipes' entry into the film industry began in Los Angeles, where he was discovered by an agent. His first major role came in the film Wildcats, followed by a memorable appearance on the popular show Miami Vice. Snipes also gained recognition for his role in Michael Jackson's music video for Bad, further establishing his presence in Hollywood.
Mainstream Success
Linking up with director Spike Lee opened doors for Snipes, leading to roles in acclaimed films like Jungle Fever and Mo' Better Blues. He demonstrated his versatility by portraying complex characters, often playing roles that revolved around crime. Notable films like New Jack City and Sugar Hill showcased his remarkable range as an actor.
Shift Towards Action Films
As Wesley's career progressed, he gravitated towards action films, allowing him to display his martial arts skills. Snipes starred in classics like Passenger 57, Money Train, and Demolition Man. This shift not only solidified his status as a leading action star but also showcased his ability to blend action with comedy in films like White Men Can't Jump.
"Blade" Trilogy
The "Blade" trilogy marked a significant turning point in Snipes' career, starting with the first film's release in 1998. The trilogy grossed over $150 million worldwide and contributed immensely to the comic book film genre. However, the success of the trilogy also led to a decline in Snipes' visibility in Hollywood after the release of Blade: Trinity in 2004.
Notable Salaries
During his peak years, Snipes commanded impressive salaries for his work in film. According to court filings, his notable earnings include:
- Drop Zone (1994) = $7 million
- Money Train (1995) = $5.5 million
- The Fan (1996) = $7 million
- Blade: Trinity (2004) = $13 million
Tax Issues and Prison
Wesley Snipes' financial troubles came to a head in 2006 when he was charged with conspiracy to defraud the U.S. government. He faced multiple counts for failing to file tax returns and was ultimately found guilty of three misdemeanor charges. In 2008, he was sentenced to three years in prison and served the remainder of his sentence under house arrest.
In addition to his prison time, Snipes was required to pay $17 million in back taxes and penalties. The amount he owed ballooned significantly over the years, and he continued to fight his debt even after his release.
New Jersey Mansion
In 2002, Snipes purchased a lavish 10,000-square-foot mansion in Alpine, New Jersey, for $5.6 million. However, he faced financial issues related to the property, including reported back taxes of $70,000. The mansion was sold in 2014 for $3.5 million, resulting in a considerable loss for the actor.
Life After Release From Prison
Following his release from prison, Snipes made a notable comeback in films. He appeared in The Expendables 3 and Dolemite Is My Name, showcasing his enduring talent. More recently, he has been involved in projects like Cut Throat City and Coming 2 America, indicating his return to the Hollywood spotlight.
Involvement in Martial Arts
Wesley Snipes began training in martial arts at the age of 12. Today, he holds black belts in Hapkido (2nd degree) and Shotokan karate (5th degree). His martial arts background has greatly influenced his acting career, particularly in the action genre.
Projects Outside of Acting
Beyond acting, Snipes has ventured into entrepreneurship by founding a security firm focused on providing VIP protection. He also created his own film production company, which has produced various projects, including A Great and Mighty Walk: Dr. John Henrik Clarke. In 2017, he published his first book, Talon of God, showcasing his creative talents beyond the screen.
Personal Life
Wesley Snipes is a father of five, with his first son born from his marriage to April Snipes. In 2003, he married painter Nikki Park, and together they have four children. Although raised a Christian, Snipes converted to Islam in 1978 but later left the faith.
Notably, Snipes' apartment in New York City was destroyed during the 9/11 attacks, emphasizing the unpredictable nature of life and the challenges he has faced outside of his career.
