Damon Wayans Net Worth: Fortune explored as actor opens up about achieving financial success as black person

Damon Wayans has made quite a name in the industry with his picturesque career. He is one of the most successful members of the Wayans family in the entertainment industry. While he is known for being a comedian, he did not only stick to one show or genre but instead dabbled in several domains. As he is a successful man now, he recently talked about reaching such heights in the industry as a black man.

After working tirelessly for years, Damon Wayans' net worth is somewhere between $35 million to $40 million.

He began his career as a stand-up comedian and later landed a job on Saturday Night Live. He was fired from the show after featuring in 11 episodes for continuously improvising its skits. Seeking creative freedom, he gave birth to another comedy show In Living Color. Besides being a comedian, Damon Wayans also went for a career in movies.

Later, the comedian became a writer and producer as well. Some of the movies that he has starred early in his career are: The Last Boy Scout, Major Payne, Bulletproof, and more. He also wrote the 1994 movie Blankman and starred in it.

While this seems enough for one person, Damon Wayans is also an entrepreneur. He began his company of freelancers called MIMS and has created applications like Diddeo, Flick Dat, and VHedz. He also became a well-known television personality.

Wayans has earned a lot of money in his life and has also ensured to increase it with investments. Real estate has been a huge part of his investments in the past two decades.

According to celebritynetworth.com, Wayans bought a 3,000-square-foot ocean-view condo in Santa Monica in 2005. In 2016, he listed the condo for sale but could not find a buyer. As a result, he started renting it out for $20,000 per month. In 2020, the condo finally sold for $7.25 million.

In 2016, he bought another house in LA for $5.35 million which is now worth $7-8 million, and made it his primary home. He has also sold another house for $4.4 million.

Damon Wayans talk about what it is like to be financially successful as a black man

During his recent appearance on Club Shay Shay podcast with host Shannon Sharpe on April 2, 2025, Damon Wayans got candid about becoming a successful black man in the industry. He said:

"More money you make, the less black people you see. Money brings you into a new category. You move to a different house in a different neighborhood and you get different friends. People that come around you, they help you make money, maintain your money, and make more money. That complexion changes."

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"And it's divide and conquer. At a certain point, they sit you down," Wayans added.

However, he praised LeBron James for not changing his company and staying close to his longtime friends. He mentioned that he "loves" this about James.

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