Tony Danza Net Worth (Money & Salary)

What Is Tony Danza’s Net Worth and Salary?

With a net worth of $40 million, Tony Danza is recognized as an American actor, teacher, dancer, and former boxer. He gained fame for his roles in the popular television series “Taxi” and “Who’s the Boss?” Throughout his career, Tony has received several honors, including Emmy Award nominations and four Golden Globe nominations, as well as winning a People’s Choice Award. Additionally, he has taken part in various films outside of his television work.

Early Life

Born Antonio Salvatore Iadanza on April 21, 1951, in Brooklyn, New York City, Tony grew up in a working-class Italian family with a younger brother. Initially residing in East New York, he moved to Long Island with his family at 14. Although he described himself as a “bad student” in high school, he graduated in 1968. Furthermore, he attended the University of Dubuque and obtained a bachelor’s degree in history in 1972, thanks to a wrestling scholarship.

Boxing Career

Before pursuing acting, Danza made his mark as a professional boxer. His record boasts nine victories against three defeats in what was a brief career, including nine knockouts, of which three were technical knockouts. Remarkably, with just one exception, all of his matches concluded with a knockout.

Acting Career

While training at a boxing gym, a producer spotted Tony and proposed he audition for the television show “Taxi.” He excelled in the audition, taking on the role of a cab driver and part-time boxer. His subsequent character in “Who’s the Boss?” further elevated his fame, portraying a fictional former baseball player named Tony Micelli. The show consistently ranked among the top 10 for eight years, with Danza’s performances earning him a star on the Hollywood Walk of Fame in 1988.

Post “Who’s the Boss?,” he transitioned into film and television projects. In 1994, Danza appeared as a baseball player in “Angels in the Outfield,” having previously starred in “The Hollywood Knights” and “Going Ape!” The following year, he joined the sitcom “Hudson Street,” subsequently launching “The Tony Danza Show,” despite both having short runs. By the year 2000, he secured a role in “Family Law,” later nominated for an Emmy Award following his appearance in “The Practice.”

Critically acclaimed for his performance in a 1999 Broadway production of “The Iceman Cometh,” Danza eventually began hosting his own talk show. He returned to Broadway in 2007 with “The Producers,” and in 2008, he hosted the fourth season of “The Contender.” In 2013, Danza made his Broadway comeback with “Honeymoon in Vegas.” His most recent role was in 2018 in the Netflix series “The Good Cop,” which, unfortunately, was canceled after just one season.

In 2020, it was revealed that Sony is rebooting “Who’s the Boss,” featuring both Tony Danza and Alyssa Milano, the actress who played his on-screen daughter in the original series from the ’80s. The excitement about this announcement was shared by both stars on social media.

Teaching

In an unusual turn of events, Tony Danza taught 10th-grade English at a Philadelphia high school for a year. His experiences were captured in a reality TV series, “Teach: Tony Danza,” which aired on A&E. Later, he authored a book titled “I’d Like to Apologize to Every Teacher I Ever Had: My Year as a Rookie Teacher at Northeast High,” reflecting on that experience.

Relationships

Tony wed his first wife, Rhonda Yeoman, in 1970 after meeting her during college. They welcomed a son prior to their divorce in 1974, and their son Marc appeared in two episodes of “Taxi.” In 1983, they reunited and welcomed another child, though this relationship was short-lived. Tony married his second wife, Tracy Robinson, in 1986, a union that lasted for twenty years, during which they had two children. They separated in 2006 and finalized their divorce in 2013.

Real Estate

Records indicate that in 2005, Tony purchased a luxurious 1,046-square-foot condo in the Millennium Tower of Manhattan for $1.7 million.

Danza sold his home in the Sherman Oaks neighborhood of Los Angeles in 2008 for an undisclosed amount, although it had previously been listed for $6.15 million. This 6,778-square-foot residence was built from the ground up by Danza, situated on a 1.83-acre lot.

After acquiring the property in 1986 from actor Robert Urich, Tony faced a tragedy when the Northridge earthquake completely devastated it, compelling him to rebuild. He incorporated various custom features, including a gunite pool, tennis court, and wine cellar, alongside stunning views of the canyons and mountains.

In 2014, after initially listing his Malibu home in 2011, Tony finally sold the property for $8 million—less than his original goal of approximately $9 million. This 1949-built residence boasts three bedrooms, 3,000 square feet of living space, and about 50 feet of beautiful beachfront. Tony had bought this home in 1987 for $1.15 million.