It's worth noting that Hoffman came from somewhat humble beginnings, with Celebrity Net Worth reporting he grew up in New York, raised mostly by his mother after she and his father divorced when he was nine.
The star would go on to enroll at NYU's Tisch School of the Arts, supporting himself by working as an usher. In fact, a scholarship was set up in 2021 in Hoffman's honor at the school, with producer James Declan Tobin declaring, "Philip Seymour Hoffman is one of the greatest actors of our generation" (via Variety).
Early in his career, Hoffman met his longtime partner, Mimi O'Donnell, who is a director and producer. In an essay for Vogue in 2018, she recounted their magical courtship and how joyfully the couple welcomed three children — Cooper, Tallulah, and Willa.
O'Donnell writes, "I wonder whether Phil somehow knew that he was going to die young. He never said those words, but he lived his life as if time was precious." It's a beautiful sentiment, and clearly demonstrates that money was not the most important thing to the actor, with O'Donnell noting he was very generous with both his wealth and his time.
Nevertheless, Hoffman was reportedly worth $25 million when he died, money he left to O'Donnell and their kids.
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