Brad Garrett’s net worth of $50M has been utilized well by him in investing in real estate. Rumors had it that the actor was buying and holding on to many properties over the years.
Based on Trulia’s reports, the actor bought an estate in Malibu for over $8 million in 2008. Initially, he had planned to sell the house for $13 million in 2011, but he lowered the price of the house to $10 million in 2013.
The actor had also sold his LA house previously during the process of divorce from his wife. He had purchased the property for $6.3 million back in 2004. He had an asking price of nearly $9.5 million when he put the house on the market.
Garrett had also bought a house in Woodlands Hills in 1998 for $1.6 million for his family. Later, he sold the house in May 2005 for $2.3 million. In addition, the comedian had bought another 8000 square foot house in Lake Arrowroot for $1.8 million with his former wife.
Obviously, owning such luxurious properties, it is safe to assume that the comedian must be leading a comfortable lifestyle.
Brad Garrett’s Car Collection
The Emmy Award-winning actor doesn’t only acquire expensive houses. He also has a taste for luxurious cars. The actor even described himself as a car junkie.
A 2010 report stated that the comedian owned 10 cars, most of which were convertibles. Some of the cars owned by him during that time are a 2009 Bentley GT convertible, a 1948 Cadillac convertible, a 2008 Ferrari 599, a 2008 Porsche Turbo Carrera, and a 2008 Aston Martin Vantage Roadster. He has always loved vintage cars, but his favorite car is always his Bentley GT.
However, it is not known if the actor still owns those cars.
Despite having such costly vintage cars in his garage, the comedian didn’t seem to be acquiring cars just to flaunt his wealth. Instead, he seems to be genuinely fascinated by the four-wheelers.
Divorce From Wife Jill Diven: Expensive Business
Divorce is expensive, especially when you are a millionaire. So naturally, Garrett’s divorce from his wife, Jill Diven, did not come cheap.
Brad Garrett married Jill Diven, and they had two kids together. But, they decided to end their marriage in 2006 and finalized their divorced in 2007.
The Everybody Loves Raymond actor shared custody of his children with his ex-wife. The court ordered $20,000 per month in child support for Brad Garrett’s children, Max Garrett, and Hope Garrett. In addition, the divorce settlement also dictated a monthly payment of $35,000 in spousal support for Brad Garrett’s ex-wife.
Helping The Under-Privileged
The comedian-actor doesn’t just amass wealth but also believes in giving back to the community in whatever way he can. He founded the Maximum Hope Foundation in 2007.
The Maximum Hope Foundation provides financial assistance to families who are caring for children with a life-limiting illness. It helps to cover the cost of necessities like groceries, utilities, rent, etc., for the families struggling due to the high cost of treatments.
For a couple of decades, Brad Garrett has entertained us with his comedy, acting, and voice-acting. Consequently, the actor has been very successful in his career. Indeed, we can be hopeful that this article might have to be updated very soon to include his ever-increasing net worth.
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