Armie Hammer’s father, Michael Armand Hammer, was deeply involved in the family business since the ’80s, and that significantly contributed to his overall net worth. But, the controversies he and his family were allegedly involved in, negatively impacted it.
The American businessman passed away Sunday, November 20, reports TMZ. He is said to have been unwell for a while, battling cancer. He was 67 at the time of his passing.
The Hammer family became more prominent following the documentary House of Hammer which takes a deep dive into the life of Armie and the members of his family.
INSIDE MICHAEL ARMAND HAMMER’S NET WORTH
Michael had an estimated net worth of $1.5 million, reports Distractify. His fortune took a hit owing to the controversies his family was embroiled in.
However, in the early years of his advent into the family business, Michael played a pivotal role as he is said to have “reigned” over Hammer Productions, the Armand Hammer Foundation, Hammer Galleries, and the Hammer International Foundation.
After having worked at an investment banking firm in New York City, Michael got involved in Occidental Petroleum, which was run by his grandfather Armand Hammer.
Michael later moved the headquarters of the company to Los Angeles and became the Vice President.
He was married to his former wife, Dru Ann Mobley, with whom he shared Armie and his brother Viktor.
HOW MUCH IS ARMIE HAMMER WORTH?
People became interested in Armie’s net worth a few months ago when speculations about him being “totally broke” and selling timeshares in the Cayman Islands started making rounds on the Internet.
The Hollywood actor’s fame declined substantially after he was faced with many allegations. As a result, he lost roles in projects such as The Offer and Shotgun Wedding.
Celebrity Net Worth states the actor has an estimated net worth of $100,000.
However, before trouble ensued in his life, he featured in notable TV shows and movies such as Arrested Development, Veronica Mars, Desperate Housewives, and The Lone Ranger.
WHERE TO WATCH HOUSE OF HAMMER?
The three-part-documentary series released on September 2, 2022.
It is currently available to stream on Discovery+.
The official synopsis for the UA-13+ rated film reads: “Rape allegations against Armie Hammer bring decades of darkness to light.”
Variety reports, Armie has denied all the allegations made against him in the mini-series.