Tom Selleck's Net Worth In 2024 Proves 'Blue Bloods' Makes Green
Tom Selleck
Tom Selleck's net worth in 2024 comes largely from TV, and saying goodbye to Blue Bloods won't be easy for him.
“I love the show,” Selleck gushed to Parade of the CBS hit series, which will end with Season 14. “Magnum I never tired of, but I got tired from it, though. I was in every shot. But this show, the only thing I’m tired of is the commute [to New York City]. I live in Los Angeles, that’s where my family is; my wife, my daughter. I will continue to commute.”
Selleck previously told Parade that while he's not eager to leave Frank Reagan behind, he's always going to keep working.
"I’m always looking out there for what’s next," he said. "I can tell you this: I plan on staying an actor as long as I’m wanted."
Find out how rich the television icon has become throughout his nearly five decades in front of the camera.
Related: Tom Selleck Tells All
How did Tom Selleck become famous?
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Selleck was born in Detroit in 1945, and he moved with his family to Sherman Oaks, California, a Los Angeles suburb, in 1948.
After graduating from high school, Selleck briefly enrolled in community college and lived at home. Thanks to his towering 6'4" frame, he scouted for the University of Southern California basketball team, transferring to the school in his junior year to play on the USC Trojans, as well as to pitch for the university's baseball team.
Selleck majored in business administration and tried acting in his senior year. He got bitten by the acting bug big time, dropping out of school shortly before earning his bachelor's degree, to study acting with the legendary coach Milton Katselas (who himself trained under the iconic acting teacher Lee Strasberg).
While pursuing stardom, Selleck served in the California Army National Guard from 1967 to 1973. Concurrently, he began appearing in commercials for brands like Pepsi, Right Guard, Salem cigarettes, Close-Up toothpaste and Revlon men's cologne. He also had bit parts in films and guest appearances on TV series during this time, most notably as investigator Lance White in The Rockford Files. Throughout his early career, Selleck starred in several TV pilots that were never picked up.
That finally changed in 1980, when he first starred as the titular Thomas Magnum in Magnum, P.I. Before the series started filming, he was famously offered to star as Indiana Jones in Raiders of the Lost Ark, but had to turn it down.
Related: Every Indiana Jones Movie, Ranked
"You can’t do what ifs. There was a what if, but it's a very long story," he explained to Parade. "After turning down Indiana Jones, there was a what if, which was this: CBS, in a dispute with Universal who was producing Magnum, took Magnum off the fall schedule. Now if I couldn't do Indiana Jones and Magnum went away, which was possible for about a month, that would have made it harder to be philosophical about it."
He added, "I signed a contract for Magnum, and it was the best thing that ever happened to me. I blew most screen tests I ever did because I was too nervous. The screen test with Steven Spielberg, I already knew I had the Magnum commitment and I knew it might be a conflict, so I didn’t put the same pressure on myself."
"Look, I’m not tired of hearing the story, but I’m sure Harrison Ford is," he concluded. "He’s created this indelible character. There’s a lot of what ifs constantly. I think I did the right thing. I’ve heard stories where actors got a better offer and were committed to something and drove into a wall to injure themselves, so they didn’t have to do the lesser of the two commitments. Crazy stuff."
It clearly all worked out really well, and Selleck won an Emmy for Magnum, P.I. in 1984.
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Following the success of Magnum, Selleck has worked steadily in film and TV, most famously in Three Men and a Baby; the recurring role of Dr. Richard Burke, Monica's ophthalmologist love interest on Friends (for which he was nominated for an Emmy); Ivan Tiggs on Boston Legal and Frank Reagan on Blue Bloods.
Related: See the Friends Cast Then and Now
What is Tom Selleck's net worth in 2024?
Tom Selleck's net worth in 2024 is estimated at a cool $45 million. Much of his wealth was amassed while starring on Magnum, P.I.: According to The Los Angeles Times, Selleck earned a staggering $4.8 million per season of the series. Adjusted for inflation, that would be about $14 million today.
Related: Tom Selleck's Most Memorable Roles
Who is the highest paid actor on Blue Bloods?
CBS
Selleck is the highest-paid star on Blue Bloods, reportedly making about $200,000 per episode—twice as much as co-star Will Estes, who is said to make $100,000 for each episode of the long-running series. The cast took pay cuts for Season 14, but Selleck is still the top earner.
Related: Everything to Know About the Reagan Family Return in Season 14 of Blue Bloods
How much does Tom Selleck make on Blue Bloods?
John Paul Filo/CBS
With earnings of about $200,000 per episode and 24 episodes per season, Selleck makes about $4.8 million per season of Blue Bloods. However, sources told The Hollywood Reporter that the cast and producers of Blue Bloods agreed to a 25% pay cut to greenlight the 14th and final season and support the show's crew, which means Selleck's salary for Season 14 will likely be about $3.6 million ($150,000 per episode).
Selleck previously told Parade that he's not ready for Blue Bloods to end.
"I'm not counting the days so I can do something else," he said. "I love the work. Sometimes the hours are a little harder because I'm older, but so what? I want work as long as they'll have me."
Related: Bridget Moynahan on Life After Blue Bloods
How much does Tom Selleck make per episode of Blue Bloods?
Marni Grossman/CBS
Selleck is reportedly paid $200,000 per episode of Blue Bloods, but took a pay cut for the final season. He's likely now making $150,000 per episode.
Related: Law & Order Creator Dick Wolf's Net Worth Revealed
How much does Tom Selleck make on reruns of Blue Bloods?
John Paul Filo/CBS
It's unknown how much Selleck makes on Blue Bloods reruns. The series reportedly has great syndication deals, and with its 275 (and counting) episodes, he should be quite comfortable for life!
Where does Thomas Selleck live?
Selleck and his family live on a ranch in Ventura, California. He previously told PEOPLE that it provides a good balance of solitude to the hustle and bustle of New York City (where Blue Bloods films) and Hollywood, and that living there helps "keep [him] sane."
Related: Get to Know Tom Selleck's Wife
Did Tom Selleck serve in Vietnam?
While Selleck didn't fight in the Vietnam War, he enlisted in the California National Guard when he was drafted while the war was happening.
"I am a veteran, I'm proud of it," he previously said. "I was a sergeant in the U.S. Army infantry, National Guard, Vietnam era. We're all brothers and sisters in that sense."
Does Tom Selleck own a home in Hawaii?
Selleck used to own a home in Oahu, Hawaii, while he starred in Magnum, P.I., which filmed there. He reportedly put the property on the market in 2001 for $2.7 million.
Related: Tom Cruise's Net Worth
Where does Tom Selleck own property?
Selleck owns a 65-acre ranch in Ventura, California, where he's lived with his wife and family since 1988.
Does Tom Selleck have a restaurant in Hawaii?
Selleck used to be co-owner (with Larry Manetti and a third investor) of the Black Orchid restaurant in Kakaako, Hawaii. The restaurant and property have since been sold, according to the Honolulu Star-Advertiser.
Related: Tom Selleck's Magnum, P.I. Co-Star and Best Friend Larry Manetti on Their Lasting Bond
What brand of Hawaiian shirt did Tom Selleck wear?
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Selleck rocked Paradise Found Hawaiian shirts during his reign on Magnum, P.I. (Fun fact: The style also inspired Dale's look from Disney's Chip and Dale: Rescue Rangers, with Chip being styled after Indiana Jones.)
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Does Tom Selleck have a place in Maine?
Selleck owned a home in Jonesboro, Maine, for years, according to local reports. His face was also emblazoned on a random shed in Fairfield, Maine, for more than three decades.
What's Tom Selleck doing now?
Selleck stars in Blue Bloods, which is on its 14th and final season. He'll also star in another upcoming Jesse Stone character project, which is in development.
