Dwayne “The Rock” Johnson is a household name in the entertainment industry. He has made a name for himself as an actor, producer, and retired professional wrestler. But beyond his fame and fortune, Johnson’s personal finance journey is inspiring.
Growing up in poverty
Johnson was born on May 2, 1972, in Hayward, California. His family moved around frequently due to his father’s job as a professional wrestler. Despite being surrounded by the glitz and glamour of wrestling events, Johnson grew up in poverty. The family often struggled to make ends meet.
Taking control of finances
Johnson learned from an early age that financial stability was important for survival. He saw the struggles his parents faced and decided he would not let money be a hindrance to his success. When he started earning money from wrestling matches and acting gigs, he took control of his finances.
One key lesson he learned was to save aggressively and live below your means. In an interview with CNBC Make It!, Johnson said he saved every dollar he earned when starting out in the wrestling business.
Investing for long-term wealth
Apart from saving money diligently, Johnson also invests smartly. He has diversified investments across various sectors ranging from real estate to stocks and bonds.
In one instance shared on Instagram Live (via CNBC), Johnson revealed that investing early had helped him achieve long-term wealth growth: “I started investing in my 20s…and I’ve been doing it now going on almost three decades.”
Giving back through philanthropy
Finally, despite achieving immense wealth through hard work and smart financial decisions over time — estimated at $320 million according to Celebrity Net Worth — Dwayne continues giving back through philanthropic initiatives.
He founded the Dwayne Johnson Rock Foundation which supports children who are battling illnesses or disabilities by providing them with access to medical care along with other necessary resources.
In conclusion, Dwayne ‘The Rock’ Johnson’s personal finance journey is a testament to the fact that with discipline, hard work, and smart financial decisions, even those from humble beginnings can achieve financial freedom.