Actors make a lot of money on paper, but they have to share a majority of their wealth. Adelaide Kane, who starred on Reign on The CW that streamed on Netflix for four seasons, broke down the costs.
The actress says that she has to give 10% to her agent, 10% to her manager, 5% to her lawyer, 5% to her business partner, plus she is taxed 30% because she is a foreign national working in America. That is where 60% goes off the bat. Then she has to pay rent in at least one major city, sometimes two depending on where she is filming. She also has to pay a publicist $2,000-$3,000 a month, social media teams are $2,000 a month, stylists are $750-$1,500 an outfit, plus hair and makeup are $1,000 each time she uses them. That is a lot of dough before you get to put any of it in the bank.
She said in another TikTok video that she has been able to save up and she is paying a mortgage. That is because obviously she is smart with her money. I was lost once she started doing division.
Seriously, I have a lot of respect for her because she broke down how expensive it is to be an actor. I knew this because I have a few actor friends who have gone over the finances with me. That is why so many of them have a second job when they are not filming all of the time or have smaller roles.
Do you have a new respect for actors?
