Damon Wayans Net Worth & Achievements

What is Damon Wayans Net Worth?

Net Worth:$35 million
Source of Wealth:Actor, Comedian
Date of Birth:September 4th, 1960
Country of Origin:United States
Last Updated:2024

Damon Wayans Net Worth: Damon Wayans IS a renowned actor and comedian with an estimated net worth of $35 million. Over the years, his diverse roles and ventures have contributed to a substantial net worth. Wayans is best known for his work on the sketch comedy TV show “In Living Color” and for his role in the sitcom “My Wife and Kids.”

His career spans several decades, during which he has accumulated wealth through acting, directing, producing, and stand-up comedy. Wayans’ net worth is a testament to his talent, versatility, and enduring appeal in the world of entertainment.

Early Life

Damon Kyle Wayans was born on September 4, 1960, in Harlem, New York City. He was born into a large family as one of ten children.

His father, Howell Stouten Wayans, managed a supermarket, and his mother, Elvira Alethia, juggled her roles as a homemaker, singer, and social worker. This upbringing in a big family undoubtedly shaped Wayans’ perspective and comedic style.

From a young age, Wayans faced a significant physical challenge; he was born with clubfoot, a condition that distorts the foot’s alignment.

Despite this and the financial constraints his family faced, Wayans reflects on his childhood without negativity. His schooling at Murry Bergtraum High School in New York City was cut short when he dropped out in the ninth grade.

This decision marked the beginning of a period where he worked various odd jobs before setting his sights on a career in the entertainment industry, following in the footsteps of his elder brother


Damon Wayans began his career in stand-up comedy in 1982. His first film role was a cameo in “Beverly Hills Cop” (1984). He gained significant attention as a featured performer on “Saturday Night Live” from 1985 to 1986. However, his time on SNL was short-lived due to creative differences, leading to his dismissal from the show.

He gained widespread fame with the Fox sketch comedy series “In Living Color,” which he co-created with his brother Keenen Ivory Wayans. The show, which ran from 1990 to 1992, featured a predominantly African-American cast and won several awards

Damon left the show in 1992 to focus on his film career, starring in movies like “Mo’ Money” (1992), “Blankman” (1994), and “Major Payne” (1995).

He also made significant contributions to television, most notably through the ABC comedy series “My Wife and Kids” (2001-2005).

His role as a loving husband and father in this show was particularly well-received. Damon also appeared in other TV shows like “The Underground” (2006) and “Lethal Weapon” (2016-2019).

Damon Wayans net worth is estimated to be $35 million as of 2024.

Career Highlights

  • 1985-1986: Featured performer on “Saturday Night Live.”
  • 1990-1992: Co-creator and performer on “In Living Color.”
  • 1992: Starred in “Mo’ Money.”
  • 1994: Played the lead role in “Blankman.”
  • 1995: Lead role in “Major Payne.”
  • 2001-2005: Main role in “My Wife and Kids.”
  • 2016-2019: Played Roger Murtaugh in “Lethal Weapon.”

Personal Life

Damon Wayans was married to Lisa Thorner, but they divorced in 2000. They have four children together: Damon Wayans Jr., Michael Wayans, Kyla Wayans, and Cara Mia Wayans. Damon is also a proud grandfather.

He has maintained close friendships with NBA legend Michael Jordan and actor Jim Carrey. In his personal life, Damon has had to manage Type 2 diabetes, which he was diagnosed with in January 2013. Additionally, he was involved in some controversy in 2015 for his comments defending Bill Cosby against sexual assault accusations.

Damon Wayans’ journey from a challenging childhood in Harlem to becoming a prominent figure in American comedy and television illustrates his resilience and versatility as an artist. His contributions to comedy, both in stand-up and television, have left a significant mark on the industry.

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Awards and Achievements

Damon Wayans, a prominent figure in the entertainment industry, has a career rich with various accomplishments. He’s notably recognized for his role in creating and starring in the influential sketch comedy series “In Living Color,” which aired on Fox from 1990 to 1994.

His departure from the show in 1992 marked a shift towards a film career, where he featured in movies like “Mo’ Money,” “The Last Boy Scout,” “Major Payne,” “Celtic Pride,” “Bulletproof,” and “The Great White Hype.”

He also played significant roles in TV series, such as the ABC comedy “My Wife and Kids,” which aired from 2001 to 2005.

His talent and contributions have been acknowledged with four Emmy Award nominations for his work in “In Living Color.”

Additionally, for his role in “My Wife and Kids,” he won the 2002 People’s Choice Award for Favorite Male Performer in a New TV Series and received four International Press Academy nominations for Golden Satellite Awards.

Damon Wayans Net Worth

Damon Wayans net worth is estimated to be $35 million. His rise to fame began with the sketch comedy series “In Living Color” in the early 1990s, following a start in stand-up comedy and a role in “Beverly Hills Cop” in 1984. Wayans has been successful in various TV and film roles, including notable works like “The Last Boy Scout,” “Mo’ Money,” “Major Payne,” and the TV show “My Wife and Kids.”

Beyond his on-screen presence, Wayans has been active behind the scenes, producing the cartoon “Waynehead” and the drama “413 Hope St.” He’s also a published author, with his book “Bootleg” becoming a New York Times bestseller. His financial portfolio extends to stock market investments and real estate, and he capitalizes on his popularity through endorsements and social media.

Overall, Damon Wayans’ successful and diverse career in the entertainment industry, coupled with smart investments and endorsements, has solidified his status as a prominent figure in Hollywood.

Real Estate

Damon Wayans, recognized for his successful career in the entertainment industry, has also made notable investments in real estate.

One of his most significant real estate assets is a luxurious 10,000 square-foot home in Beverly Hills. This property, acquired in 1993, is equipped with six bedrooms, a swimming pool, and a tennis court, reflecting the opulence and comfort that his success has afforded him.

The purchase of this Beverly Hills home symbolizes a significant lifestyle upgrade for Wayans, who came from a humble background. His decision to invest in such a property not only provides a comfortable living environment for his family but also represents the fruits of his hard work and success in Hollywood.

Damon Wayans net worth is estimated to be about $35 million, this is inclusive of his wealth in real estate.


Damon Wayans’ involvement in charity and philanthropic activities is not readily available to the public. This lack of detailed public information may be due to a preference for privacy in his charitable endeavors or because his contributions do not always receive media attention.

Based on his public persona and career, it is reasonable to infer that Wayans may be involved in causes related to communities similar to his upbringing in Harlem, education, arts, or health, given his personal experiences.

Notable Damon Wayans Quotes

Nobody can stop you but you. And shame on you if you’re the one who stops yourself.- Damon Wayans

My father was the guy on the block who said hi to everyone.- Damon Wayans

Some struggle is healthy. If you can embrace it rather than be angry, you can use it as your pilot light.- Damon Wayans

Life Lessons to Learn From Damon Wayans Success

1. Embrace Your Individuality

Damon Wayans’ journey teaches us the importance of embracing our unique selves. His quotes reflect a deep understanding that each person controls their destiny and that self-imposed limitations are often the biggest hurdles. His success in comedy and acting stemmed from his authentic style and refusal to conform to others’ expectations.

2. Find Therapy in Your Passion

Wayans found solace and expression in stand-up comedy, which he used as a therapeutic outlet. This highlights the power of finding a passion that not only fulfills you creatively but also serves as a conduit for processing emotions and experiences. Pursuing what you love can be deeply healing and empowering.

3. Learn from Struggles

Damon Wayans’ perspective on struggle being healthy and a ‘pilot light’ offers a valuable lesson. It teaches us to view challenges not as obstacles, but as opportunities for growth and self-discovery. Embracing and learning from struggles can lead to resilience and a deeper understanding of life.

Frequently Asked Questions – Damon Wayans Net Worth

What was Damon Wayans diagnosed with?

Damon Wayans was diagnosed with Type 2 diabetes in January 2013. This diagnosis has been a part of his personal health journey, which he has occasionally discussed in public​​.

Is Damon Wayans married now?

Damon Wayans is not currently married. He was previously married to Lisa Thorner, but the couple divorced in 2000​​.

Is Damon Wayans related to the Wayans brothers?

Yes, Damon Wayans is related to the Wayans brothers. He is one of the members of the well-known Wayans family, which includes several other successful entertainers in the industry. Damon’s siblings, including Keenen Ivory, Marlon, and Shawn Wayans, are also prominent figures in entertainment​​.

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Final Thoughts

Considering Damon Wayans’ financial achievements, it’s evident that his success is not just a measure of financial gain but also of the lasting impact he has had on comedy and television.

His journey from a stand-up comedian to a celebrated actor and producer showcases his adaptability and skill.

Wayans’ net worth symbolizes his hard work, dedication, and the laughter he has brought to audiences worldwide. His legacy in the entertainment industry continues to inspire aspiring comedians and actors.

As of 2024, Damon Wayans net worth is estimated to be $35 million.

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