How is The Net Worth of Lin Manuel Miranda a Whopping $80m?

What is Lin Manuel Miranda’s net worth?

Net Worth$80 Million
Source of WealthActor / Director / Singer / Songwriter 
Date of BirthJanuary 16, 1980
NationalityAmerican
Height5’8 / 174 cm
Place of BirthNew York City
Star SignCapricorn
ReligionCatholic
PartnerVanessa Nadel (married.2010)

The Usual Intro

Lin Manuel Miranda is an actor, director, singer, rapper, and songwriter. He gained prominence mainly due to his career in Broadway musicals like “Hamilton.” Miranda has won many awards over the years, including 3 Grammys. He recognized his passion at the age of 6 but never imagined the height of success he would achieve in his future.

Before the Spotlight

Lin Manuel Miranda was born on January 16, 1980, in New York City to Dr. Luz-Towns Miranda and Luis Miranda Jr.

He also has an older sister, Luz, a Chief Financial Officer at MirRam Group. He comes from Puerto Rican roots. Miranda used to visit his grandparents yearly in Vega Alta, Puerto Rico. 

He attended Hunter College Elementary school. Upon graduating from Hunter College High School, he attended Wesleyan University. In 1999, during his sophomore year in college, he penned down his first-ever Broadway Musical called “In The Heights.” The show premiered in 2000 in the college theater and broke box office records for the student-run ’92. Miranda graduated from Wesleyan University in 2002.

The Journey to Success

In 2002, Miranda wanted to revise the show “In The Heights” and present it on stage. With the help of Thomas Kail, an experienced theater director, he tweaked the show and debuted it on The Great White Way in 2008. Miranda not only wrote the script but also performed as “Usnavi,” the show’s protagonist. The critics praised the show, and soon, it won the Grammy Awards for Best Musical Theater Album, in addition to winning 4 Tony Awards for Best Musical, Best Original Score, Best Choreography, and Best Orchestration.

In 2008, Universal acquired the rights to “In The Heights” and decided to develop it into a movie. It was set to be released in 2011, but due to various reasons, the project didn’t move forward. Fast forward to 2018, Warner Bros bought the show for $50 million and announced it would be released in June 2020. Due to Covid-19, the show’s release date was delayed to June 11, 2021. Miranda played the “Piragua Guy” in the movie. 

After graduating, Miranda wrote many scripts over the years — some of which were in Spanish. Using his fame, Miranda ventured into various other businesses. He started supporting himself by appearing on television for the first time in 2007. He worked in shows like “Sesame Streets” and “House.” In addition, he was invited to compose music for numerous commercials. 

In 2015, Miranda released “Hamilton Musical,” which turned out to be his biggest cash cow till date. The movie elevated his career to another level. The show gained massive success, and people loved it so much that they bought lottery tickets just to have a chance to watch it. The musical was written solely by Miranda, which is why he received a 7% cut from the show’s box office gross before it recouped and 7.5% forever after that. 

The movie won him a Tony for ‘Best Musical’ in addition to many other awards. The musical made him approximately $160,000 per week! Disney reportedly bought the rights to “Hamilton” in 2021 for $75 million.

Outside the theater and producing world, Miranda also writes music for other picture motions. He has a long-term relationship with Disney. In 2014, he helped provide music for the movie “Moana.” The following year, he contributed a song for a scene in Cantana for “Star Wars: The Force Awakens.” In 2019, he again wrote a piece for Star Wars, followed by various more contributions to different Disney titles.

The Best Moments

  • Won 3 Grammy Awards.
  • Won the Genius Grant from the MacArthur Fellows Program.
  • Received a star on the Hollywood Walk of Fame.
  • Received Kennedy Center Honors for creating Hamilton.
  • Won a Pulitzer Award, 2 Emmy Awards, and 2 Olivier Awards.

The Private Side

Miranda married Vaneesa Nadel, a lawyer, in 2010. Miranda and Nadal were blessed with two sons, Sebastian and Francisco, in 2014 and 2018, respectively. Miranda was born a Catholic, but he states he is no longer religious.

In March 2016, Miranda set up a meeting with President Barack Obama. He joined the U.S senators to call for congressional action to pass a bill in order to file Puerto Rico as bankrupt and remove most of the $70 billion loans taken from the government. 

He also raised a public fund of approximately $22 million for rescue efforts and disaster relief due to the devastation of Puerto Rico in the wake of Hurricane Maria and Irma.

Miranda also supports Graham Windham, a non-profit adoption agency. He helps in fundraising for children in foster care.

Lin Manuel Miranda‘s Related YouTube Video

Lin-Manuel Miranda Answers the Web’s Most Searched Questions | WIRED

Famous Quotes of Lin Manuel Miranda

  • “Legacy. What is a Legacy? It’s planting seeds in a garden you never get to see.”
  • “You cannot let all the world’s tragedies into your heart. You’ll drown. But the ones you do let in should count. Let them manifest action.”
  • “Life doesn’t discriminate Between the sinners and the saints It takes and it tak and it takes And we keep living anyway We rise and we fall and we break And we make our mistakes” 
  • “I am the one thing in life I can control.” 

The Social World

Lessons for Entrepreneurs

  1. Pursue your Career. From high school, Miranda was interested in musical and acting careers. He pursued his career and penned down his first-ever script of “In The Height,” which gained massive success. The key takeaway is that when a person follows his passion, he consistently becomes better without trying.
  1. Connections help go a long way. After graduating from high school, Miranda wanted to perform “In The Heights” on a professional stage. His connection with an experienced theater director helped him go a long way and helped him tweak the script and eventually perform it on stage.
  1. Have a good mentor. Miranda claims he was fortunate to attend a public school with good mentors, and he would learn almost every day. He got casted in 6th grade and got a taste of it, and he knew he wanted to pursue this career.
  1. Persistence. Despite his musical play “In The Heights,” he still worked as a teacher in his alma mater. It took him many years to make his name prominent in the industry, and it wasn’t until “Hamilton” that he received mainstream success. 

The Unusual Stuff

  • He was awarded the MacArthur Genius Grant in 2015.
  • Sebastian, his son, was named after a lobster from “The Little Mermaid.”
  • Vanessa Nadel was actually his high school sweetheart.
  • José Miranda, a famous baseball player, is Miranda’s cousin.

Answering Frequent Questions

How much did Disney pay Miranda for Hamilton?

Disney reportedly paid Miranda $75 million to acquire the rights to “Hamilton.”

Why didn’t Miranda go to the Oscars in 2022?

Miranda confirmed via twitter that he wouldn’t be attending the Oscars as his wife Vanessa Nadel tested positive for Covid-19.

How long did Miranda take to complete Hamilton?

Miranda started the production of Hamilton in 2009, and it premiered after 6 years on Broadway.

The Closing Remarks

Lin Manuel Miranda gained prominence in his early years. He is praised by critics due to his song lyrics and engaging acting and roles. His most famous “Hamilton: Musical” gained massive success and was sold to Disney for $75 million, making it one of the biggest acquisition deals. At his current rate of success, Miranda is well on his way to becoming the most influential musical directors of the 21st century.

Featured image credit: lev radin / Shutterstock.com

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Asad Elahi

Asad Elahi is a personal finance expert and author with over 5 years of experience in the industry. He has written extensively on topics such as saving, investing, and building wealth, focusing on helping individuals achieve financial independence. His work has been featured in major publications such as Forbes and The Wall Street Journal, and he is a regular contributor to financial websites and blogs.