Val Kilmer, the legendary actor known for his roles in “Top Gun,” “Batman Forever,” and “The Doors,” passed away at 65 on April 1, leaving behind a legacy of unforgettable performances — and a financial story marked by highs and lows.
At the time of his death, Kilmer’s net worth was estimated at $10 million, a fraction of what he once commanded for a film at the peak of his career, The Mirror reported. There is not yet any news about a will, but he does leave behind two children, Jack Kilmer and Mercedes Kilmer. He and his wife divorced in 1996.
A Career of Blockbusters and Big Paydays
Kilmer’s rise in Hollywood began in the 1980s, with standout roles in “Top Secret!” and “Real Genius.” However, it was his portrayal of Iceman in “Top Gun” (1986) that catapulted him to fame. Throughout the 1990s, he secured some of the most lucrative roles in the industry. He earned $7 million for “Batman Forever” (1995), top dollar at the time, and another $13 million in 1997 for “The Saint” and “The Island of Dr. Moreau.” Adjusted for inflation, these salaries put him among the highest-paid actors of his era.
Financial Struggles and Setbacks
Despite his blockbuster paychecks, Kilmer faced significant financial challenges. His reputation for being difficult to work with limited his opportunities later in his career, leading to fewer high-paying roles. His 1996 divorce from actress Joanne Whalley reportedly had a major impact on his finances.
In addition, Kilmer invested heavily in real estate, owning a sprawling 6,000-acre ranch in New Mexico. While he eventually sold most of it for $18.5 million in 2011, his financial situation had already taken a downturn due to dwindling acting opportunities and mounting medical expenses following his 2014 throat cancer diagnosis.
A Resurgence and Val Kilmer’s Final Earnings
Kilmer made a return to the big screen in 2022, reprising his role as Iceman in “Top Gun: Maverick.” Though reports suggest he earned around $400,000 for the brief but emotional appearance, it was a fraction of his past paydays. Nonetheless, the film served as a fitting tribute to his legacy.
