Terrence Howard Net Worth In 2022: His Divorce Settlements Cost Him 50% Of His Fortune Revealed!

Terrence Howard Net Worth: The estimated net worth of American singer, actor, and rapper Terrence Howard is $30 million. He was born in Chicago, Illinois, on March 11, 1969. He began acting in the 1980s. He is 1.84m tall and also goes by the name Terrance Dashon Howard.

He is a singer, songwriter, film producer, and record producer. Music and film are his main sources of income. He became well-known after he played the main role in the 1998 movie “Mr. Holland’s Opus.” He broke into the mainstream by getting roles in movies and on TV. Along with this, Carrie Underwood Net Worth is also the most googled topic nowadays.

Terrence Howard’s Early Life

Terrence Howard was born on March 11, 1969, in Chicago, Illinois. His full name is Terrence Dashon Howard. His mother, Anita, was 15 when he was born. When he was 2, he saw his abusive father, Tyrone, use a nail file to stab a man during a trip to see Santa Claus at a Cleveland store. The man died, and Tyrone went to jail for 11 months for causing his death.

After Tyrone got out of prison, Terrence’s parents split up, and he grew up with Tyrone in Cleveland and with Anita in Los Angeles. Howard has two brothers, Antonio and Tyrone Jr., a half-brother, Darnell, and a half-sister, Arianna. His great-grandmother, actress Minnie Gentry, taught him to love acting.

Terrence became an adult at age 16, and he went to Brooklyn’s Pratt Institute to study chemical engineering, but he dropped out before getting his degree. Howard was a teenager when he was diagnosed with Bell’s palsy. He has said that he was able to get rid of it by shocking his face.

How Terrence Gained Fame In His Career?

The first time people saw Terrence was in “The Jacksons: An American Dream,” a miniseries on ABC in which he played Jackie Jackson. Before “Mr. Holland’s Opus” and “Dead Presidents” in 1995, he had small parts on popular shows like “Family Matters,” “Living Single,” “Coach,” and “Picket Fences.”

Howard was the main character on the UPN sitcom “Sparks” from 1996 to 1998. In 1999, he was in “The Best Man,” which earned him an NAACP Image Award and nominations from the Black Reel Awards, Chicago Film Critics Association, and Independent Spirit Awards. In 2004, he was in the movie “Crash.”

The role earned him several nominations and awards for supporting actor, and he shared a Screen Actors Guild Award with the rest of his cast. Howard was nominated for an Academy Award for Best Actor for his role as aspiring rapper Djay in “Hustle & Flow.” The song “It’s Hard Out Here for a Pimp,” which he sang in the movie, won the Academy Award for Best Original Song.

Terrence was the highest-paid actor in “Iron Man” in 2008 when he played Colonel James Rhodes. For the sequel, he was reportedly offered $1 million instead of the $8 million that was in his contract, and Don Cheadle took his place. Howard was a regular on “Law & Order: LA” from 2010 to 2011.

He also played Nelson Mandela in “Winnie Mandela” in 2011, “The Butler” in 2013, and “The Best Man Holiday” in 2014, all before getting a part in “Empire” in 2015. Terrence was in 102 episodes, and his role as Lucious Lyon, a dying hip-hop mogul, won him a BET Award.

Howard has won and been nominated for awards for the made-for-TV movies “Boycott” (2001) and “Lackawant to Blues” (2005). He has also been in music videos for Madonna, Mary J. Blige, and Ashanti. Terrence said that he will stop acting in September 2019.

Terrence Howard’s Personal Life

Terrence Howard Net Worth

From 1989 to 2003 and again from 2005 to 2007, Terrence was married to Lori McCommas. They had three children together: Aubrey, Heaven, and Hunter. Howard married Michelle Ghent in 2010, and Michelle filed for divorce in February 2011. The divorce was finalized in 2013, and Ghent sued him the next year for allegedly not paying $325,000 in spousal support.

Howard said he was forced to sign an unfair contract, and he couldn’t pay because he only made $5,800 per month. In the same court case, Terrence said that most of his money goes to his first wife so she can take care of their kids. Besides this Are you interested to read about Alex Jones’ Net Worth?

Things were so bad that Terrence was, in a way, working for his first wife. At the time, he would get $5,800 a month from her bank account after he had paid his bills. In 2015, the judge threw out the original divorce agreement, but in 2017, he put it back in place. Terrence married Mira Pak in 2013, and they have two sons together:

Qirin (born in 2015) and Hero (born in 2016). The couple split up in 2015, but in December 2018 they got back together. In 2000, he hit a flight attendant, and in 2001, he punched, bothered, and followed McCommas, which got him arrested both times.

In 2011 and 2013, Ghent was given orders to keep Howard away from her because she said he had hurt her. In 2008, “Cat on a Hot Tin Roof” composer Tex Allen sued Terrence for $5 million because he was accused of attacking Allen during a rehearsal for the play.

What Is Terrence Howard’s Net Worth And Salary?

Oscar nominee Terrence Howard has a $5 million net worth. Terrence would be richer if not for money and marital troubles, which we’ll discuss later. His first notable roles were in “Dead Presidents” and “Mr. Holland’s Opus” in 1995. Since then, Terrence has been in “Ray,” “Crash,” “Hustle and Flow,” and “Get Rich or Die Tryin” (2005). Howard released “Shine through It” in 2008.

In the same year, he debuted on Broadway in “Cat on a Hot Tin Roof.” Terrence played Lucious Lyon on “Empire” from 2015-2020. His compensation peaked at $175,000 every episode, or $4 million per season before taxes.

Terrence Howard’s IRS Issues, Prizes, And Awards

Howard has run into trouble with the IRS more than once. He reportedly got a tax bill for $1.1 million in 2010. In June 2019, it was said that Terrence and his sometimes-wife Mira were being investigated for not paying taxes. In 2006, he got liens worth $600,000, and in 2019, he got liens worth $143,000.

Howard has won more than 30 awards for his work, including two BET Awards (in 2006 and 2015) and one each for Black Movie and Satellite (2005). He has been nominated for 12 NAACP Image Awards and won in 2000, 2006, 2011, and 2016.

Terrence has also won awards from the African-American Film Critics Association and from critics groups in Austin, Florida, Los Angeles, Phoenix, Vancouver, and Washington, D.C. In 2019, he got a star on Hollywood’s Walk of Fame. Apart from this, Have you heard about Cynthia Bailey’s Net Worth?

Conclusion

As of 2022, A short term in a popular movie franchise and a Fox TV show is all you need in Hollywood. Terrence Howard has done amazing work outside Dead Presidents, earning him an estimated $4 million or so.

The actor announced his retirement at the end of 2019, yet he starred in RZA’s Cut Throat City. Triumph came out in 2021, yet we won’t miss this actor.

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