Paul Hogan Net Worth
Paul Hogan net worth: Paul Hogan is an Australian actor and comedian who has a net worth of $20 million. Paul Hogan was born October 9, 1939 in Lightning Ridge, New South Wales, Australia. Hogan is most famous for appearing in the 1986 movie Crocodile Dundee and its subsequent sequels. Hogan was able to earn an extraordinarily large paycheck off the Crocodile Dundee series after financing and distributing the movie outside of the traditional movie studio system. Hogan raised the first movie's $8.8 million budget independently and sold the distribution rights country by country on his own. This allowed him to maintain a reported 60% ownership stake in the film's eventual profits. Crocodile Dundee I went on to earn more than $320 million world wide. Crocodile Dundee II earned $240 million, Crocodile Dundee III earned $40 million.
Hogan's net worth peaked at north of $75 million, but unfortunately has declined significantly in recent years after an ugly divorce and a lengthy battle with the Australian Taxation Office. Hogan and first wife Noelene Edwards were initially married from 1958 – 1981. They remarried within a year then divorced again in 1986. This second divorce was reportedly one of the most expensive and messiest in Australian history. Hogan married has been married to his Crocodile Dundee co-star Linda Kozlowski since 1993.
Hogan was involved in a bitter dispute with the Australian Taxation Office for more than a decade. The tax office claimed Paul used offshore tax shelters and California residency to hide millions of dollars worth of his Crocodile Dundee earnings over a period of 25 years. At one point, the tax office served Hogan with a $150 million bill that included significant fines and interest. In 2006, Hogan won a $5 million judgement against the Australian Crime Commission after it was found to have illegally seized personal financial information. In 2010, after Hogan traveled to Australia for his mother's funeral, he was prevented from leaving the country until he paid off a $37.5 million tax bill. Finally, in 2011 Hogan and the Australian government reached a confidential settlement.
In April 2013, Hogan sued a Swiss bank claiming it allowed one of the actor's former financial advisors to abscond with more than $32 million. The case is currently unsettled but the financial advisor claims no wrong doing.