What is Sylvester Stallone's net worth? 'Rocky' star slashes price of California villa by over $1 million
As of 2020, the actor, known for his works in 'Rambo' and 'Creed', ranks among the top 20 richest actors of our time, with a luxury car collection and a giant mansion in Beverly Hills
'Rocky' icon Sylvester Stallone is being forced to sell his home in La Quinta, California, for $3.35 million. The price is a more than a million less for what he had paid for the property about a decade ago, but controversial as it may sound, $1.15 million doesn't quite sound like a loss when his own net worth stands in three-figure millions. As of 2020, the actor, known for his works in 'Rambo' and 'Creed', ranks among the top 20 richest actors of our time with a whopping net worth of $400 million. Reportedly, most of his life's earning at the age of 73 have been from writing the script of some of his most successful films, but that's a lesser-known secret. Stallone being rich doesn't come as a surprise to pretty much anybody acquainted with the Hollywood film industry.
Thought he kicked it off with odd jobs like cleaning cages at the Central Park Zoo and engaging in some soft porn, things changed when he moved to California in the early 1970s, after some uncredited acting work in mainstream films, like 'Klute' and 'Bananas'. At the time, with $106 in the bank, and a baby on the way, Stallone was determined to not sell the rights to his debut screenwriting venture 'Rocky' unless he starred in the film as the lead, Rocky Balboa. And it sure did work wonders, because 'Rocky' was welcomed with a solid $117 million at the box office. Parts 2-3 of the franchise and the 'Rambo' franchise in its entirety soon followed and all of the films exceeded expectations in terms of box office collections. Even though he earned just some $23,000 for his acting work in 'Rocky', his earnings for the sequels were remarkable, with $3.5 million for 'Rocky III', $12 million for 'Rocky IV', and $15 million for 'Rocky V'. His movies have generated more than $4 billion worldwide, with one of his most recent ones -- 'The Expendables III' -- earning him $15 million in 2014.
However, given the times, even with a luxury car collection and a giant mansion, Stallone having to sell his extravagant home at a "loss" doesn't come as a surprise either. Despite giving back to the world through various charities, the multitalented genius who has also dabbled in directing and painting, had bought the property in 2010 for $4.5 million through a trust according to property records, reveals Page Six. He had initially listed it for $4.2 million back in 2014, since when it has also been on and off the market at various prices and brokers.
Finally, in 2016, the villa was taken off the market priced at $3.625 million at the time. The reason? This Mediterranean and Tuscan style villa comes with 4,889 square feet of interior space and is packed with four bedrooms and five baths, as revealed by the listing, reports the outlet. Other features of the grand abode built in 2008 also brag of two storeys with spacious living room, double-height ceilings and a stone fireplace. The dining room opens to a terrace and kitchens are filled with wooden cabinets. Additional attractions include a wood-and-stone center island, a breakfast room and even a wine room, as per the listing.
The outlet has also been told by the listing agent that Stallone and his family would visit the property on desert vacations, and that it is well maintained. Along with multiple terraces, a pool, a spa, and even a built-in firepit, the 0.45-acre property "sits on the largest lot of all villas in La Quinta and it has a burbling creek flowing through the backyard, which is very special," the agent told the outlet.