Chase (Money Matters):
Hey guys, I’m Chase and welcome back to Money Matters. In today’s video, we shall find out who is richer between Jackie Chan and Jet Li.
Jackie Chan is a Chinese professional actor, filmmaker and martial artist. Some of the movies that he’s acted in include Vanguard, The Spy Next Door, Karate Kid, The Foreigner and Shanghai Noon. His acting talent has enabled him to win various actors awards such as the 2011 People’s choice Award for Favorite Action movie actor (The Karate Kid) and 2002 MTV Movie award for best fight (Rush Hour 2) among others.
Jet Li on the other hand, is also a well-decorated Chinese professional actor, martial artist and film director. Some of the popular movies that he’s acted in include The Forbidden kingdom and The Expendables. Jet Li has also managed to get a few awards such as the best actor in 2006 during the Hong Kong Film Award and Hong Kong Film Critics Society Award in the movie “Fearless” and Shanghai Film Critics Award for best actor (The Warlords).
Chase (Money Matters):
Jackie Chan Income Streams
Salary
Jackie Chan’s main source of income comes from acting. According to celebritynetworth.com, Rush Hour had a gross income of $2.44 billion in 2018 which was the most amount of money made from a film that he featured in. In addition to this, he also acted in Vanguard and Kung Fu Panda 2 which enabled him to earn $40 million by the close of the financial year in June of 2020.
Chase (Money Matters):
Merchandise Earnings
Jackie Chan currently sells merchandise such as t-shirts, fleece hats, neck warmers and even passport holders on jackiechandesign.com at an average price of $22. He currently has 3.9 million followers on his Instagram account where he advertises his merchandise. We approximated that 1% of his followers visit this page purposely for his merchandise, which is 39,000 followers and only 5% actually buy merchandise in a year. Therefore, 1,950 people buy his merchandise, which means that he actually makes $42.9k per year. Assuming that he makes 20% profit from these sales, we saw that Jackie Chan actually makes $8.5k annually for merchandise.
Other Sources of Revenue
In addition to this, Jackie Chan also makes money from real estate brand endorsement deals. His cinemas and production companies such as JCE Movies Ltd which has brought his net worth to $400 million as per the year 2020.
Chase (Money Matters):
Expenses
Jackie Chan invests 10% of his annual income back to develop his cinemas and film production companies. In addition to this, he also donates it to charity which comes to $4 million per year. Therefore, Jackie Chan was actually left with $36 million liable for taxes in 2020.
Taxes
Jackie Chan has lived in various places across the world. However, he lived in Beijing mostly. Therefore, he incurs a yearly combined sales tax rate of 25% according to teleport.org. This means that $9 million was deducted from his annual income in 2020 leaving him with $27 million
Chase (Money Matters):
Jet Li Income Streams
Salary
Jet Li’s main source of income has come from acting for quite some time. He recently featured in Mulan which had a gross income of $70 million in the year 2020, which was actually a loss. This is because they worked with a $200 million budget that they didn’t recover according to screenrat.com. However, Jet Li still earned approximately $1.14 million as an actor from this movie. He had actually stopped acting for some time because he was suffering from hyperthyroidism until 2020 when he featured in Mulan. However, he managed to act in so many other movies which has enabled him to have a net worth of $220 million according to the modestman.com. This makes him one of the most successful Chinese actors up to date.
Chase (Money Matters):
Merchandise Earnings
Jet Li currently sells merchandise such as leggings, t-shirts and even stickers on redbubble.com at an average price of $23. He currently has 2.4 million followers on his Instagram account where he advertises this merchandise. We approximated that 1% of his followers visit the page purposely for his merchandise which is 24,000 followers and only 5% actually buy merchandise in a year. Therefore, 1.2k people buy his merchandise, which means that he actually makes $27.6k per year. Assuming that he makes 20% profit from these sales, we saw that Jet Li actually makes $5.5k annually for merchandise.
Expenses
This talented actor doesn’t have many investments. However, he invests at least 10% of his annual income back to his merchandise line which comes to $114.5k a year. Therefore, Jet Li actually made an annual income of $1 million liable for taxes in 2020.
Chase (Money Matters):
Taxes
Jet Li currently resides in China. Therefore, he incurs a yearly combined tax rate of 25% according to teleport.org. This comes to $250k, which means that Jet Li took home $750k as his annual income in 2020.
So, who makes more money? Jackie Chan currently makes more money than Jet Li as he had an annual income of $27 million in 2020 while Jet Li had an annual income of $750k only. In addition to this, Jackie Chan has a net worth of $400 million which is higher than Jet Li’s network that is currently at $220 million.
Tell us in the comments section below which actors you’d like us to compare next. Make sure you also like, share and subscribe to this channel if you enjoyed the video. Thank you and goodbye.
