Actor Val Kilmer leaves behind a small fortune for his family.

Val Kilmer’s net worth has been revealed following the shocking news of his death at 65.

The Hollywood star died after succumbing to pneumonia at his home in Los Angeles, his daughter Mercedes, 33, told the New York Times.

The actor had a six-year bout with throat cancer after being diagnosed in 2015, Page Six reports.

The condition had affected his ability to speak due to chemotherapy and radiation therapy, which required two tracheotomies. In 2021, he declared he was cancer-free.

Kilmer was married to actress Joanne Whalley from 1988 until 1996, after the pair starred in hit film “Willow” together.

Aside from daughter Mercedes the actor is also survived by son Jack Kilmer, 29, who he shared with Whalley.

Kilmer’s tragic death sees him leave behind a fortune for his family but perhaps not as much as you’d think for a Hollywood icon of his stature.

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Val Kilmer. Picture: AP Photo/Mark Humphrey

What was Val Kilmer’s net worth?

According to Celebrity Net Worth, Kilmer had a net worth of $US10 million ($A15 million) at the time of his death.

Back in the mid-1990s, Kilmer was one of the highest-paid actors in Hollywood. His role in 1995’s “Batman Forever” earned him a $US7 million paycheck.

In 1997, Kilmer made $US7 million for “The Saint” and $US6 million for “The Island of Dr. Moreau”. At the height of his career, the star pulled in $US9 million for the 1999 film “At First Sight”.

However, the “Top Gun” star’s earnings slowed down. His 1996 divorce from Whalley took a bite out of his finances.

Kilmer’s blockbuster career and paychecks dried up due to his reputation as being difficult to work with.

In recent years, Kilmer’s acting career was derailed as a result of his health issues.

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Nicole Kidman and Val Kilmer in a scene from 1995 film ‘Batman’.

Real Estate

According to Realtor, Kilmer owned two properties in New Mexico — the first was a house that he bought with his then-wife, Joanne Whalley, in Tesuque, which he described as a “condominium-looking wreck with glass walls.”

Still, the land that the home sat on made the purchase worthwhile, and Kilmer and Whalley embarked on an extensive renovation to turn the dwelling into their family base.

Kilmer eventually sold the property in 2003 for $US1.65 million.

Five years after he purchased the home with Whalley, he invested in a 6,000-acre ranch alongside the Pecos River.

According to the Wall Street Journal, the property was largely “wild with canyons and pine forests,” save for a 5,600-square-foot log house and two guesthouses.

While living there, Kilmer added some fun amenities, including a custom treehouse, which he joked to USA Today was built under the pretense of being for his children.

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Kilmer, who died in Los Angeles, spent much of his adult life living on a ranch on the Pecos River in New Mexico. Picture: Realtor

Despite his love of the area, Kilmer put parts of the property up for sale in 2006. He listed an 1,800-acre chunk of the land that contained the main structures for $US18 million.

He later reduced the acreage to 1,000 and the price to $US12 million in January 2009. He would further trim that to $US9 million.

Kilmer later pivoted, this time putting the entire 6,000-acre property on the market for $US33 million.

At the time, he told the Wall Street Journal that he was looking to offload the home to “someone who has the time and the finances” to maintain and preserve it. He did not explain why he was unable to do so himself.

In 2011, the property was finally sold to Texas oil and gas tycoon Benjamin A. Strickling III for $US18.5 million, according to the Santa Fe New Mexican.

Mr Strickling later announced plans to turn the property into a “trout fishing ranch second to none.” His aim was to “preserve a significant portion of the ranch.”

Kilmer reportedly kept around 160 acres of the property at the time of his death.

It was understood he returned to Los Angeles, where both of his children were based.

Val Kilmer’s career

Born in Los Angeles in 1959, Kilmer got his start in theater work before making his big screen debut as rock star Nick Rivers in Jim Abrahams’s spy spoof film “Top Secret!” in 1984.

Two years later, Kilmer was propelled to global stardom for his role as Lieutenant Tom ‘Iceman’ Kazansky in “Top Gun” — which became the highest-grossing movie of 1986.

Despite the film’s monumental success, the actor had to be talked into signing on for the movie.

Kilmer later received praise for his portrayal of Jim Morrison in the 1991 biopic, “The Doors.” He reportedly submitted an 8-minute audition tape for the role.

The actor’s other acting credits include the 1993 film “True Romance” and the 1995 film “Heat,” alongside Robert De Niro.

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Val Kilmer and Tom Cruise in Top Gun. Picture: Paramount

Val Kilmer as Jim Morrison in scene from 1991 film ”The Doors”.

Later that year, Kilmer’s career was boosted even further after actor Michael Keaton dropped out of Joel Schumacher’s “Batman Forever” — prompting Kilmer to step in.

The film went on to become a box office smash, grossing over $US336 million.

Kilmer’s other acting credits include the science-fiction horror film “The Island of Dr. Moreau,” in which he starred opposite Marlon Brando.

In the 2000s, Kilmer starred in a crime comedy titled “Kiss Kiss Bang Bang,” for which he won a Satellite Award for Outstanding Supporting Actor gong.

More recently, he reprised his role as Kazansky in the 2022 blockbuster “Top Gun: Maverick.” The film grossed nearly $US1.5 billion at the box office worldwide.

However, after his speech was severely affected by cancer treatment, Kilmer had limited dialogue in the film but spoke with the help of artificial intelligence models.

Parts of this story first appeared in Page Six and Realtor and were republished with permission.