Sinbad net worth has seen drastic changes over the years.
Once a successful comedian and actor, he faced severe financial struggles, including IRS debt and bankruptcy. Despite earning millions from TV, movies, and stand-up, financial mismanagement led to setbacks.
Now, after health issues and career declines, his financial recovery remains a topic of interest.
Sinbad Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | David Adkins |
| Popular Name | Sinbad |
| Birth Date | November 10, 1956 |
| Age | 68 (as of February 27, 2025) |
| Birthplace | Benton Harbor, Michigan, U.S. |
| Nationality | American |
| Ethnicity | African American (with Irish ancestry) |
| Education | University of Denver (1974-1978) |
| Marital Status | Married |
| Spouse | Meredith Adkins (m. 2002), Meredith Adkins (m. 1985–1992) |
| Children | 2 (Royce and Paige) |
| Dating | N/A |
| Siblings | Donna, Dorothea, Mark, Michael, Donald Jr. |
| Parents | Donald Adkins, Louise Adkins |
| Height | 1.96 m |
| Net Worth | $100,000 |
| Source of Wealth | Comedy, Acting, TV Hosting |
What is the Net Worth Of Sinbad in 2025?
As of 2025, Sinbad’s net worth is estimated at $100,000. This is a stark contrast to many of his peers in the comedy and acting world. His financial struggles, particularly IRS debt and bankruptcy, have impacted his overall wealth.
Comparing to other well-known entertainers, Sinbad’s net worth is significantly lower. Many of his fellow comedians and actors have managed to maintain higher financial stability. However, he remains a respected figure in the industry.
Other Notable Figures in Entertainment & Comedy
- Eddie Murphy
- Martin Lawrence
- Kevin Hart
- Chris Rock
- Dave Chappelle
- Jamie Foxx
- Arsenio Hall
- Whoopi Goldberg
- Steve Harvey
- Bernie Mac
For a broader look at wealthy entertainers, check out our list of top-earning celebrities.
Sinbad Wealth, Salary, and Financial Overview
What Happened to His Finances?
Sinbad’s financial journey has been filled with highs and lows. He gained wealth through successful stand-up specials, television roles, and movies. However, mismanaged finances and legal issues with the IRS led to severe financial setbacks.
In 2013, Sinbad filed for Chapter 13 bankruptcy, citing nearly $11 million in debt. His financial troubles stemmed from unpaid taxes, debts to major banks, and a decline in high-paying roles.
How Did He Accumulate Wealth?
Sinbad built his wealth primarily through comedy, acting, and hosting. His major income sources included:
- Television Shows: A Different World, The Sinbad Show
- Movies: Houseguest, Jingle All the Way, First Kid
- Stand-up Comedy: HBO specials like Afros and Bellbottoms and Son of a Preacher Man
- Hosting Gigs: It’s Showtime at the Apollo, Miss Universe 2000
At the peak of his career, he was one of the most recognizable comedians in Hollywood. His TV and film roles brought in significant earnings, and he consistently performed in sold-out comedy shows.
What Led to His Financial Struggles?
Sinbad’s downfall was primarily caused by tax debt and financial mismanagement. Between 1998 and 2006, he accumulated over $8.3 million in unpaid taxes, leading to serious legal and financial consequences.
He also owed:
- $2.3 million to California state taxes
- $375,000 to American Express
- $30,000 to Bank of America
Despite earning millions during his career, failure to properly handle taxes and debts led to his financial collapse.
How Much Salary Did He Earn from His Career?
While exact salary figures for his past projects are not publicly available, Sinbad made considerable earnings from:
- TV salaries (especially from A Different World)
- Movie contracts (Jingle All the Way was a box-office hit)
- Comedy specials and live tours
In 2013, his reported monthly income was $16,000, but it was not enough to cover his debts.
What Were His Biggest Financial Setbacks?
Sinbad’s major financial setbacks include:
- IRS Debt: Owing over $8.3 million in unpaid taxes
- Bankruptcy: Filing for Chapter 13 in 2013
- Asset Liquidation: Selling off valuables to settle debts
- Loss of High-Paying Gigs: Decreased roles in TV and movies
These issues forced him to reorganize his finances drastically.
How Did His Bankruptcy Affect His Finances?
Unlike Chapter 7 bankruptcy, which wipes out debts completely, Chapter 13 bankruptcy reorganized his debts but required him to repay a portion. He managed to keep some assets, including his cars, but lost significant financial stability.
What Assets and Investments Did He Have?
Before bankruptcy, Sinbad owned valuable assets, including:
- A 2007 BMW 750
- A 2010 Lincoln Navigator
- A home in California
However, financial struggles forced him to sell off several properties and downsize his lifestyle.
Is He Recovering Financially?
In recent years, Sinbad has worked on rebuilding his finances. He has continued to make occasional TV appearances and perform stand-up comedy. His family has also launched a fundraiser to support his medical expenses, indicating financial struggles persist.
How Have His Health Issues Affected His Finances?
In November 2020, Sinbad suffered a severe stroke, which significantly impacted his ability to work. Recovery has been slow, with medical expenses adding to his financial strain. His family publicly revealed that the cost of treatment has been overwhelming, further affecting his net worth.
What Can Be Learned from His Financial Journey?
Sinbad’s story serves as a cautionary tale for celebrities and anyone handling large sums of money. Key takeaways include:
- Tax Compliance is Critical: Unpaid taxes can destroy financial stability.
- Financial Planning is Essential: Managing wealth effectively prevents future troubles.
- Health & Wealth Are Connected: Medical emergencies can quickly drain finances.
Conclusion
Sinbad’s financial journey has been filled with both success and struggles.
While he remains a beloved entertainer, his financial troubles serve as an important lesson in money management.
Want to explore more celebrity financial stories? Check out AndoMoney for the latest updates!
