Michael Bay Net Worth

Michael Benjamin Bay Net Worth

Real Name: Michael Benjamin Bay
Date of Birth: 02/17/1965
Place of Birth: Los Angeles, California

2019 Net Worth: $430 Million
2018 Earnings: $82 Million

Profession: Film Director and Producer

Michael Bay Biography

Michael Bay was born in Los Angeles and raised by adoptive parents, his adoptive mother a child psychiatrist and his adoptive father a CPA. He attended private school in Santa Monica, California and has said in interviews that he loved adventure and action films since he was a boy. He once attached some firecrackers to a toy train and then filmed his fiery disaster with his mother’s movie camera. The incident got so out of hand that the fire department had to be called.

Bay got his true start in movie making as teenager, working as an intern for George Lucas, filming storyboards for the movie Raiders of the Lost Ark. He was so enthralled with his work that he decided to become a film director. Bay graduated from Wesleyan University in 1986, majoring in English and Film. He then attended Art Center College of Design in Pasadena.

Bay has made numerous action films with some of the most well-known being Armageddon in 1998, Pearl Harbor in 2001, The Island in 2005, and Transformers, a movie he directed and worked with alongside Steven Spielberg, in 2007.

Bay realized early that, in order to earn the most money, he shouldn’t be a “director for rent”, but needed to be a partner. He declined up-front pay for Pearl Harbor and asked instead for a 50 percent split with the studio, after production costs. Bay earned $40 million for that film, and for the original 2007 movie, Transformers, Bay received $80 million. He also receives 8 percent on all toys sold with the Transformers theme, which equals more earnings, into the millions. Bay recently launched Platinum Dunes, and a remake of the Amityville Horror. Bay will receive 8 percent of the studio’s net proceeds for each film.

Michael Bay’s current net worth is $430 million and his earnings are sure to increase with the release of two films, expected to be in theatres soon. This puts Bay as one of the richest film directors and film producers in the world.

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