How Much Did Channing Tatum Make for 'Magic Mike,' You Ask? The Limit Does Not Exist (2024)

Not to be dramatic, but you are not prepared for how rich Channing Tatum is. Like, the man makes so much money that Forbes declared him the third most overpaid actor in the industry back in 2016 (which, rude/false/how dare they). Anyway, Channing commands an enormous per-movie fee, but he also made an unprecedented amount from Magic Mike thanks to self-financing the movie along with Steven Soderbergh. As a result, the actor has more money than my poor, tired brain can comprehend, so here's a breakdown of his biggest $$$ highlights.

What Did Channing Tatum Make for Magic Mike?

According to Forbes, Channing made "$60 million in earnings between June 2012 and June 2013" mostly thanks to Magic Mike—which Channing and director Steven Soderbergh financed themselves with "just" $7 million. And thanks to the whole self-financing thing, Channing and Steven got to pocket the film's $167 million box office return (minus Warner Bros's distribution fee), which resulted in a huuuuuge payday.

"We put our money where our mouth was," Channing said of the film's massive profits. "I think Soderbergh knew at least we’d make our money back on the first one. We knew, at least, that we’d break even because we didn’t spend that much money on it. I don’t think any of us had any idea of what was going to happen."

FYI, Channing low-key disputed making ~$40 million from Magic Mike, telling GQ, "I wouldn’t say a lot. That’s why we’re making another one. If I had $40 million, I don’t know if I’d be making another one. I don’t know if I’d be working as hard as I am. And that’s the God’s honest truth. I don’t like to be away from my friends and family that much."

How Much Does Channing Tatum Make Per Movie?

During the beginning of his career, Channing was taking home between $1 million to $3 million for movies like 21 Jump Street and The Book of Life. But his fee pretty much exploded thanks to the popularity of Magic Mike. Celebrity Net Worth reports that he got the following fees per movie in his post-Magic Mike era (around 2013-2016):

'White House Down' (2013): $8 million
'Foxcatcher' (2014): $14 million
'22 Jump Street' (2014): $15 million
'Hail, Ceasar!' (2016): $19 million
'Magic Mike XXL' (2015): $21 million
'Jupiter Ascending' (2015): $22 million
'23 Jump Street' (2016): $25 million

All that money is great, but Channing told Entertainment Weekly in 2017 that his #1 focus is making movies he's proud of. "I’ve done things where I thought they were going to be financially successful, and they failed," he said at the time. "For me, the only thing I can be super sure of at the end of the day is whether I’m proud that I made the movie, even if it never comes out."

He added, "When you start worrying about what the outcome is more than what you’re making, it’s really tough to make something that is pure. At the end of my life, when I have to look at my daughter in the face and go, ‘Daddy took time out of our lives, out of our relationship, to go do something,’ it better be worth it. It better not just be for money."

FWIW, it seems as though the actor truly *is* taking part in more films that make him happy as of late. Like, two of his most recent movies are Fly Me to the Moon and Blink Twice—the latter of which was directed by Channing's fiancée Zoë Kravitz. The Step Up alum recently dished to People that he recommends tackling "the hardest possible creative project" to get closer to your partner.

Though he and Zoë weren't *technically* together when they made Blink Twice, the celeb said working on the film served their relationship well in the long run: "This is what I'll say about creating with someone that you are with or love: I suggest it. If you are thinking about having a kid or if you're thinking about getting married, go find the hardest possible creative project with your partner."

Obsessed!

He's Scored a Huge History-Making Deal

Channing's upcoming project Red Shirt is a "spy thriller package," and apparently Amazon's acquisition of it was low-key history-making. The streaming giant forked over $50 million for Channing to star, David Leitch to direct, and Simon Kinberg to write—with Channing taking home $25 million of that total. According to The Hollywood Reporter, the deal is "one of the highest, if not the highest, in Hollywood dealmaking history for an original pitch"

And because Channing has gotten a hand at producing a number of films in the past, it should come as no surprise that he's taking the feat on again in this project—a move that will no doubt result in some extra $$$. But let's backtrack a bit...

Channing Is a Producer

On top of being an iconic actor, the A-lister *also* had his role in producing 2006's A Guide to Recognizing Your Saints. Right after its success, Channing, his wife at the time Jenna Dewan, and their production partner Reid Carolin all signed a production deal with Relativity Media, which the Magic Mic star still benefits from.

His Real Estate Portfolio Is *Chef's Kiss*

Yep, in 2008, Channing and his ex-wife Jenna Dewan had a $2.6 million hillside home in Los Angeles's Laurel Canyon *and* a $6 million home in Beverly Hills, both of which they subsequently sold after the divorce according to Celebrity Net Worth. And all that house $$$ definitely contributed to the actor's overall net worth.

And more recently, aka in May 2021, the celeb paid $5.6 million for a home in Brentwood, California. The more ya know!

So, What Is Channing Tatum's Net Worth?

Thanks to all these movies and a few casual millions tied up in L.A. real estate, Celebrity Net Worth reports that Channing has a net worth of $80 million. And if that sounds kinda low considering his per-movie fee, keep in mind that this is post-taxes and expenses!

How Much Did Channing Tatum Make for 'Magic Mike,' You Ask? The Limit Does Not Exist (2024)

FAQs

How Much Did Channing Tatum Make for 'Magic Mike,' You Ask? The Limit Does Not Exist? ›

What Did Channing Tatum Make for Magic Mike? According to Forbes, Channing made "$60 million in earnings between June 2012 and June 2013" mostly thanks to Magic Mike—which Channing and director Steven Soderbergh financed themselves with "just" $7 million.

How much money did Channing Tatum get from Magic Mike? ›

How much money did Channing Tatum get from Magic Mike? Channing Tatum is said to have earned USD 90 million from the first two Magic Mike movies. Does Channing Tatum have a partner? Channing Tatum was married to his Step Up co-star Jenna Dewan between 2009 to 2019.

How much does Channing Tatum cost? ›

An example fee to book Channing Tatum is in the starting range of $500,000-$749,000. However, any recent popularity change would cause a price fluctuation well beyond this example.

How much did the Magic Mike franchise make? ›

Magic Mike grossed $167 million at the global box office, with Magic Mike XXL earning $122 million and Magic Mike's Last Dance pulling in $57 million. The stage residencies have proven profitable, even spawning the Max reality show Finding Magic Mike.

Why does Jenna Dewan want Channing Tatum's money? ›

In November 2019 the couple were declared legally single, though they have continued to dispute over money. The crux of the issue seems to be that Dewan believes she is entitled to half of the money Tatum made from his Magic Mike movie franchise, because she and her lawyer argue it was developed using "marital funds."

How much do Magic Mike performers get paid? ›

Magic Mike Live pay FAQs

Magic Mike Live employees rate the overall compensation and benefits package 4.6/5 stars. The highest-paying job at Magic Mike Live is a Magician with a salary of $58,274 per year (estimate). The lowest-paying job at Magic Mike Live is a Stripper with a salary of $32,159 per year (estimate).

Why does Magic Mike owe his friends money? ›

Mike has lost his furniture business to the pandemic, he owes money to his friends, and Maxandra (Salma Hayek Pinault, playing a ridiculous role with a lot of fun, pathos, and magenta) is paying him an absurd amount of money to put on a show.

Who financed Magic Mike? ›

The project, announced in April 2011 was co-financed by Soderbergh and Tatum.

How much money does Tatum make a year? ›

Tatum, 26, is entering the final years of a five-year, $163 million contract extension he signed with Boston in 2020. He will make $51.4 million next season under his new extension and $71.4 million in the final year for an average of $62.8 million annually.

Can you rent Channing Tatum? ›

Channing Tatum is available for exclusive private events, significant public speaking opportunities, and virtual appearances worldwide. Pricing and availability will depend on your event and its requirements.

How much of Magic Mike is a true story? ›

Magic Mike is not based on a true story; however, there are some real-life parallels from its star Channing Tatum, a male dancer early in his career, and some of his experiences of the environment and energy of the scene did translate to the silver screen.

Does Magic Mike do his own dancing? ›

Channing Tatum Does All His Own Dancing In Magic Mike

It was a talent that was apparent all the way back in Step Up; he showed off his dance moves once more in Hail, Caesar!, in which he had a show-stopping tap number.

How old was Mike in Magic Mike? ›

How Old Mike & Channing Tatum Are In Magic Mike. In Magic Mike, Mike Lane is thirty years old when performing at the nightclub Xquisite as part of the Kings of Tampa, which is the same age as Channing Tatum.

Why is Channing Tatum's head shaved? ›

After shooting ended, Tatum "let go" of the character he portrayed by following his post-production "ritual" of shaving off all his hair. "There is nothing and i mean nothing as good as finishing the hardest job of my life. And then shaving my head and letting the character go. It's a bit of a ritual.

What happened to Channing Tatum's real dog? ›

The name “Lulu” in the film is significant; the story was actually inspired by Tatum's real-life dog, a Pit Bull Catahoula mix, who had the same name and passed away in 2018.

Is Channing Tatum married to Zoe Kravitz? ›

October 2023: Tatum and Kravitz confirm their engagement

On Oct. 30, 2023, a source confirmed to TODAY.com that the “Magic Mike” star and the “Big Little Lies” actor were engaged. The news came after the couple was spotted holding hands at Kendall Jenner's Halloween party on Oct. 28, 2023.

Did Magic Mike last dance make money? ›

The film grossed $57 million worldwide and received mixed reviews from critics.

How much did Tatum Channing get paid for Lost City? ›

It has been estimated that Channing Tatum was paid $10 million for his role in 2022's The Lost City. This is reportedly half of the salary his co-star Sandra Bullock earned, with her payday of $20 million. The film's budget is said to have been $74 million, and he may well have made more money on box office bonuses.

Did Channing Tatum help write Magic Mike? ›

Tatum did not share a writing credit on Magic Mike with producer and screenwriter Reid Carolin, who also wrote the scripts for Tatum's Magic Mike XXL (2015) and Dog (2022).

How much did it cost to make Magic Mike 3? ›

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Msgr. Benton Quitzon

Last Updated:

Views: 5714

Rating: 4.2 / 5 (43 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Msgr. Benton Quitzon

Birthday: 2001-08-13

Address: 96487 Kris Cliff, Teresiafurt, WI 95201

Phone: +9418513585781

Job: Senior Designer

Hobby: Calligraphy, Rowing, Vacation, Geocaching, Web surfing, Electronics, Electronics

Introduction: My name is Msgr. Benton Quitzon, I am a comfortable, charming, thankful, happy, adventurous, handsome, precious person who loves writing and wants to share my knowledge and understanding with you.