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How Meryl Streep Earns Her 7-Figure Paycheck

Meryl Streep has made headlines again this week for scoring her 21st Oscar nomination, one that would break the record she has previously set. And her prestige as an actress not only translates in her awards and recognitions--it does, as well, on her paycheck.

At 68 years old, Meryl Streep’s net worth is an estimated $90 million. Until now, Streep’s biggest source of income is her movie and TV projects, earning her a decent 7-figure talent fee for her efforts.

 

Meryl Streep at the 90th Academy Awards red carpet

 

Streep has been in the film and TV industry since 1977, fresh from school. In the years, Streep has seen her worth as an actress grow. But it wasn't until by 2006, when she did the phenomenal The Devil Wears Prada, that Streep finally decided it was time she start haggling her own paycheck.

In an interview with Variety, Streep revealed that she avoided salary negotiation throughout her career but the offer that came for the movie was just too little to be let go.

“The offer was to my mind slightly, if not insulting, not perhaps reflective of my actual value to the project,” Streep said. After threatening to walk away from the offer, that's the only time the production offered her twice the original price they gave her. That's what you call haggling, folks!

Did Streep deserve that raise? Let her box office numbers answer for her. Streep’s biggest films brought hundreds of millions in box-office, many earning as much, in part, of course, because she was onboard the project. So it was only logical she profit from the movie’s success, as well.

Mamma Mia! - $609.8 million
The Devil Wears Prada - $326.6 million
Out of Africa - $227.5 million
It’s Complicated - $219.1 million
Into the Woods - $213.1 million

Nowadays, Streep doesnt take film projects that doesn't guarantee a 7-figure paycheck, like her more recent Ricki and the Flash, where she was paid $5 million regardless of its box-office earnings. She is also now one of the most paid actors on TV, earning $825,000 per episode for J.J. Abrams’ miniseries adaptation of the novel The Nix.

The recently concluded Academy Awards did not give Streep her fourth win but with already three Oscars on her belt, she is only entitled to demanding for a pay that she thinks she deserves—and that includes trademarking her name, too, which she actually just did in January.

How would you translate Meryl Streep's haggling style into your own career?

 

 

 

Cover image from @merylstreepoffical on Facebook