Mickey Rooney Net Worth

Mickey Rooney’s Net Worth: A Look at His Career and Financial Struggles

Mickey Rooney, a name synonymous with Hollywood’s golden age, left behind a legacy of remarkable talent and longevity. While his on-screen performances entertained millions, his financial journey was marked by both extraordinary highs and devastating lows. This article delves into the life of Mickey Rooney, exploring his rise to stardom, his financial struggles, and the enduring impact he had on the world of entertainment.

Early Life and Career Beginnings

Born Ninnian Joseph Yule Jr. in Brooklyn, New York, in 1920, Mickey Rooney’s show business journey began at a very young age. His parents, Joe Yule, a vaudeville performer, and Nellie W. Carter, a former chorus girl, nurtured his early talent. By age six, young Mickey was already making his mark in the film industry, appearing in short films. His career quickly gained momentum in the 1930s with roles in films like “The Beast of the City” and “The Life of Jimmy Dolan.” He attended the Hollywood Professional School and Fairfax High School. Rooney’s early career also included a series of shorts where he played Mickey McGuire, showcasing his versatility as a performer.

The Andy Hardy Era: Hollywood Fame

The late 1930s brought Rooney unparalleled fame with the “Andy Hardy” film series. Beginning with “A Family Affair” in 1937, Rooney starred as the wholesome teenager, captivating audiences and solidifying his place as a major Hollywood star. The series spawned numerous sequels, making Rooney a household name. During this time, he also formed a successful partnership with Judy Garland, starring alongside her in several musicals like “Thoroughbreds Don’t Cry” and “Babes in Arms.” His performance in “Babes in Arms” earned him an Academy Award nomination for Best Actor, a remarkable achievement at the age of 19.

Peak Earnings and Financial Misfortunes

At the peak of his career, Mickey Rooney was one of the highest-paid actors in Hollywood. In the late 1930s, he commanded a salary of around $150,000 per year, equivalent to approximately $2.5 million today. In 1949, he secured a groundbreaking five-film deal with MGM, earning $25,000 per movie – roughly $275,000 in today’s money. However, despite his immense earnings, Rooney faced financial challenges throughout his life. He struggled with bad investments, multiple marriages, and other factors that led to two bankruptcies. At the time of his death in 2014, his net worth was reported to be only $20,000, reflecting the financial difficulties he faced in his later years.

World War II and a Career Lull

Rooney’s career took a temporary pause during World War II when he served in the military, entertaining troops and earning the Bronze Star Medal. Upon returning to civilian life, he faced challenges in regaining his former success. As he aged, it became difficult to play teenage characters, and his short stature made it challenging to secure leading roles. Although he continued to act, the post-war period marked a shift in his career trajectory. He starred in films such as “Killer McCoy,” “Summer Holiday,” and “Words and Music,” his last film with Judy Garland. Additionally, he ventured into radio, with the “Shorty Bell” program and the radio version of “The Hardy Family”.

The Mickey Rooney Show and Later Career Successes

Rooney experienced a career resurgence in the 1950s, particularly with the launch of “The Mickey Rooney Show” in 1954. He continued to work steadily in film, with notable roles in “The Bridges at Toko-Ri,” “Operation Mad Ball,” and “Baby Face Nelson.” In the 1960s, he appeared in classic films like “Breakfast at Tiffany’s” and “It’s a Mad, Mad, Mad, Mad World,” and made guest appearances on popular television shows such as “Wagon Train” and “The Twilight Zone.” He also had his own sitcom, “Mickey,” which ran for 17 episodes. Rooney’s career continued to flourish in the late 1970s and 1980s. He made his Broadway debut in “Sugar Babies,” earning Tony and Drama Desk Award nominations. In 1979, he received an Oscar nomination for his role in “The Black Stallion,” and in 1981, he won Emmy and Golden Globe Awards for his performance in the television film “Bill.” In 1983, he was awarded an honorary Academy Award for his lifetime contributions to the industry.

Personal Life and Legacy

Mickey Rooney’s personal life was as eventful as his career. He was married eight times, including to Ava Gardner. His many marriages reflected the complexities of his personal life, which often made it hard to handle his finances. Throughout his life, he had eleven children, nineteen grandchildren, and numerous great-grandchildren. Rooney’s impact extended beyond his acting roles; he was a versatile entertainer who excelled in comedy, drama, and musicals. His work, from his early shorts to his later stage performances, showcased his extraordinary talent and his enduring ability to connect with audiences.

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The Fight Against Elder Abuse

In his later years, Rooney became a vocal advocate against elder abuse, particularly financial exploitation. He was a victim himself, eventually suing his stepson for mismanaging his estate and losing millions of dollars. His willingness to speak out highlighted the often-hidden problem of elder abuse and his advocacy brought much-needed attention to the issue. Mickey Rooney’s life serves as a reminder of the importance of financial literacy and the vulnerability of aging individuals.

Mickey Rooney’s career spanned nine decades, leaving an undeniable mark on the entertainment industry. His talent, versatility, and resilience ensured that he would remain an icon for generations. While his financial struggles are a poignant aspect of his story, his legacy of entertainment and his fight against elder abuse serve as a testament to his enduring impact.