Marilyn Monroe was a Hollywood legend who gained immense fame and success during her career as an actress. She was a beloved figure who achieved iconic status, but despite her considerable wealth, she faced financial struggles throughout her life. Her net worth at the time of her death is still a topic of debate.
Born Norma Jeane Mortenson in Los Angeles, California, in 1926, Marilyn grew up in foster homes and orphanages. She started her career as a model and signed her first movie contract with Twentieth Century-Fox in 1946. Her talent and beauty soon made her a sensation, and she starred in popular films such as “Gentlemen Prefer Blondes,” “The Seven Year Itch,” and “Some Like It Hot.”
Marilyn Monroe was highly sought-after and highly paid during her career. In 1953, she signed a groundbreaking seven-year contract with Twentieth Century-Fox worth $100,000 per film. She also had control over her career, being able to choose her own projects and directors.
Despite earning a lot of money, Marilyn struggled with financial problems due to her overspending and generosity. She often gave gifts to friends and family, and she had to pay large sums of money to agents, lawyers, and other business associates.
There are varying estimates of Marilyn Monroe’s net worth at the time of her death in 1962, with some saying it was around $10 million. However, this figure is disputed, and it is challenging to determine her exact net worth. Since her death, her estate has earned millions of dollars from licensing and merchandising deals, including the use of her image on clothing, jewelry, and other products.
Marilyn’s lack of financial planning was a significant factor that affected her net worth. She did not have a will, leading to a lengthy legal battle over her estate. Her personal belongings and house were sold at auction, and her estate was settled in 1972. However, the lack of a will meant that her estate was subject to estate taxes, reducing its value significantly.
Her divorce from baseball legend Joe DiMaggio also affected Marilyn’s net worth. They were married for just nine months in 1954, and their divorce settlement was reportedly worth around $200,000. Despite their divorce, DiMaggio continued to support Marilyn financially and even paid for her funeral expenses when she died.
Despite her financial struggles, Marilyn Monroe remains an icon of Hollywood glamour and success. Her legacy continues to inspire and captivate audiences worldwide, and her image remains one of the most recognizable and beloved in popular culture.