What is Tim Reid Net Worth 2024: Wealth, Income and Financial Insights

What is Tim Reid Net Worth 2024 Wealth, Income and Financial Insights

Explore Tim Reid net worth in 2024 with insights into his career highlights and income sources. Analysis provided by RachelParris for an engaging and informative read.

Quick Facts

FACTDETAIL
Real NameTimothy Lee Reid Sr.
Popular NameTim Reid
GenderMale
Birth DateDecember 19, 1944
Age79
ParentsWilliam Lee Reid, Augustine Reid
SiblingsN/A
BirthplaceNorfolk, Virginia
NationalityAmerican
EthnicityAfrican American
EducationNorfolk State College
Marital StatusMarried
Sexual OrientationStraight
Wife/SpouseDaphne Maxwell Reid (m. 1982), Rita Reid (m. 1967–1980)
ChildrenTimothy II, Tori Reid
DatingN/A
Net Worth$3 million
Source of WealthActing, Directing, Producing
Height6 ft 1 in (1.87 m)

What is the Net Worth Of Tim Reid in 2024?

What is the Net Worth Of Tim Reid in 2024

Tim Reid‘s net worth in 2024 is estimated at $3 million. This positions him among notable figures in the entertainment industry. For comparison, here are other celebrities related to him:

  • Daphne Maxwell Reid
  • Tom Dreesen
  • Stephen King
  • Tamera Mowry
  • Richard Pryor
  • Steven Spielberg
  • Clifton L. Taulbert
  • William Barnett
  • Venus Flytrap
  • Ray Campbell

Discover more about the richest television male actors and how their net worths compare.

Tim Reid Finance Overview

Tim Reid Finance Overview

Tim Reid’s Career Highlights

Tim Reid, born in Norfolk, Virginia, had a significant impact on television with his role as Venus Flytrap in WKRP in Cincinnati.

This breakthrough role opened doors for many other opportunities in the entertainment industry.

He went on to play Marcel Downtown Brown in Simon & Simon and Ray Campbell in Sister, Sister. His role as William Barnett in That ’70s Show also added to his fame.

In film, Reid’s notable works include Once Upon a Time…When We Were Colored and Hearts in Atlantis.

These roles not only showcased his versatility but also contributed significantly to his wealth.

Major Sources of Income

Tim Reid’s income comes from various sources within the entertainment industry. His acting career in both television and film is the primary source.

Additionally, he has directed and produced several projects, adding to his earnings.

As an executive producer for Frank’s Place, Reid gained recognition and financial benefits. His work in comedy and stand-up performances also contributed to his overall income.

Business Ventures and Investments

Tim Reid’s entrepreneurial spirit is evident in his founding of the Legacy Media Institute.

This non-profit organization is dedicated to supporting young talent in the film and television industry.

He, along with his wife Daphne Maxwell Reid, established New Millennium Studios in 1997. Located in Petersburg, Virginia, this studio became a significant asset.

Productions like Hearts in Atlantis and parts of The Contender were filmed here. However, due to a lack of state incentives for film production, the studio was sold in 2015, impacting his financial portfolio.

Awards and Recognitions

Reid’s career is decorated with several awards and nominations. He received Primetime Emmy Award nominations for his work in Frank’s Place. Additionally, he won the NAACP Image Award and the Viewers for Quality Television Award for the same role.

These accolades not only highlight his talent but also enhance his marketability and value in the entertainment industry.

Personal Life and Influence

Growing up in Norfolk, Virginia, Reid experienced segregation, which influenced his perspective and work.

He graduated from Norfolk State College and began his career with Dupont Corporation before moving into entertainment.

Reid’s personal life includes his marriage to Daphne Maxwell Reid, with whom he has collaborated on various projects.

His family life and early experiences have shaped his career and financial decisions.

Charitable Activities and Philanthropy

Reid is actively involved in charitable activities. He serves on the board of the American Civil War Center and has contributed to the National Student Film Institute.

These roles reflect his commitment to giving back to the community and supporting future generations.

Social media

Instagram: https://www.instagram.com/timreidsr/

FAQs about Tim Reid

FAQs about Tim Reid

Who is Tim Reid?

Tim Reid is a renowned American actor, comedian, and director, best known for his work on television and film.

What is Reid famous for?

Famous for his role as Venus Flytrap on the hit sitcom WKRP in Cincinnati, Reid is also celebrated for his work on Sister, Sister and Frank’s Place.

What awards has Reid won?

Reid has received several awards, including an Emmy for his work on the series Frank’s Place.

How did Tim Reid start his career?

He began his career as a comedian, forming the comedy duo Tim and Tom with Tom Dreesen before moving into acting.

What significant roles has Reid played?

He has played significant roles in series like WKRP in Cincinnati, Simon & Simon, Sister, Sister, and That 70’s Show.

Has Tim Reid directed any films?

Yes, Reid has directed several films, including Once Upon a Time…When We Were Colored and Asunder.

What impact has Reid had on television?

He has had a significant impact on television by portraying complex African American characters and advocating for diversity in media.

Has Tim Reid written any books?

Yes, Reid co-authored the book Tim & Tom: An American Comedy in Black and White, detailing his experiences as part of the first interracial comedy duo.

What is Reid’s most recent project?

Her most recent project includes directing and producing content that focuses on social issues and the African American experience.

Conclusion

Tim Reid’s financial journey is a testament to his talent and entrepreneurial spirit. For more insights, leave a comment, share this article, or explore more content on rachelparris.com.

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