What is Armie Hammer's family net worth? 'BROKE' actor was cut off from family empire
Armie Hammer, who was an established Hollywood star until 2021, was recently seen selling timeshares in the Cayman Islands after the 35-year-old actor's family decided to drop him from their estate following multiple scandals.
After the news broke, a few came forward to help him, one of them being the 'Iron Man' Robert Downey Jr himself. As per People, Robert, who has been open in the past about his own battle with addiction, paid for a six-month Florida rehab stay for Hammer after his constant struggle with drug, alcohol and sex issues.
Allegations of rape and emotional abuse
Hammer was all over the news in January 2021 after some explicit DMs that allegedly detailed his sexual fantasies were leaked. He called the claims "bullshit," as reported by Yahoo! However, things soon got out of hand once he was accused of rape and emotional abuse, and an alleged 2017 incident prompted a nine-month LAPD investigation. The actor came out of it with no charge, but his career subsequently went into a free fall.
Known for roles in films like 'The Social Network' and 'Call Me by Your Name,' among others, Hammer is the son of businessman Michael Armand Hammer and Dru Ann Mobley and the great-grandson of oil magnate Armand Hammer. Many members of the Hammer family have been involved in scandals over the decades and have maintained their infamy since the 1900s. His great grandfather Armand Hammer was involved in money laundering and Russian espionage. A source close to the family told People that his father, Michael, refused to share family funds with Armie after the recent scandals. The source said, "His dad won't help him anymore and he's been cut off, so he got to work."
What is Armie Hammer's family net worth?
Armie is named after his great-grandfather, Armand, who is behind the Hammer family's whopping wealth. Though largely forgotten today, Armand was one of the most successful and notorious industrialists of his era. According to his LA Times' obituary, Armand became a millionaire before he graduated college by selling whiskey to drugstores during Prohibition. His net worth was estimated to be $800 million at the time of his death in 1990.
After Armand's death, his own son, Julian, was only given $250,000 from the family fortune, because he reportedly "caused too much trouble." As per Insider, on his 26th birthday in 1955, Julian, who was Armie's grandfather, killed a man at his Los Angeles residence over an alleged gambling debt. He was arrested but released soon after Armand sent $50,000 cash to a Los Angeles-based lawyer.
In a 2012 interview, Armie claimed that he is "not supported by family money in any way.” He said, "I support myself. My wife and I together—it’s all our household. I’m really proud of that."