Michael Bay net worth: Michael Bay is an American director and film producer who has a net worth of $430 million. Michael Bay is most famous for directing huge blockbuster movies like Bad Boys I & II, The Rock, Armageddon, The Island, Pearl Harbor, and the Transformers trilogy. He has producer credits for most of the movies he directed as well as a string of classic horror movie remakes, such as Friday the 13th, A Nightmare on Elm Street, The Amityville Horror and The Texas Chainsaw Massacre. He was also the producer of television series No Way Out and Cocaine Cowboys. Not only has Michael Bay directed and produced films and television shows, but has also had acting roles in some of them. He was one of the goons on the hit TV series Miami Vice, and also had acting parts in Bad Boys II, Armageddon, Coyote Ugly and Mystery men. Michael Bay started in the film industry when he was only 15 years old, as a storyboard filer for the movie Raiders of the Lost Ark.
Michael Bay was born in Los Angeles, California, in 1946. He attended Wesleyan University and majored in English and Film. He also studied film at the Art Center College of Design in Pasadena. Bay still resides in Los Angeles, part time. He also has a home in Miami. He started off with directing commercials and music videos. He directed the famous Aaron Burr "Got Milk" commercial, as well as commercials for Coca Cola and the Red Cross, (which won him a Clio Award.) He directed music videos for artists such as Donnie Osmond, Tina Turner, Aerosmith, and more. He is the recipient of five MTV Awards for Best Action Scene for "Pearl Harbor," "Bad Boys II," and "The Rock," as well as, Best Movie and Best Summer Movie You Haven't Seen Yet for "Transformers."
Bay got his first major break when his directing talents were noticed by super producers Jerry Buckheimer and Don Simpson. They hired Michael to direct their upcoming movie Bad Boys, which was Bay's first feature film.
Michael Bay is the co-founder of the production company, Platinum Dunes, along with partners, Brad Fuller and Andrew Form. They are quite successful with their remakes of old horror films, such as "Nightmare on Elm Street" and "Texas Chainsaw Massacre." They are impressive enough that Paramount and Nickelodeon have signed with them to do a remake of the "Teenage Mutant Ninja Turtles." Bay, (along with producer Scott Gardenhour) formed a company that produces commercials for companies such as, Victoria's Secret, Nike, Budweiser, Lexus, Reebok, and Mercedes Benz. The company, which is called the Institute for the Development of Enhanced Perceptual Awareness.
His biggest career success has been directing the Transformers Trilogy with Steven Spielberg as producer. His star power as a director has enabled him to negotiate partial ownership of the movies he directs or produces, giving him a generous cut of the profits. Hasbro, owners of the Transformers franchise even granted him hefty percentage of merchandise sales, on top of the box office receipts. This has earned him upwards of $200 million of his $400 million net worth.