Chad McQueen was an American actor, film producer, martial artist, and race car driver. He was the only child of legendary actor Steve McQueen and actress Neile Adams. Chad is best remembered for his role as Dutch, a bully, in The Karate Kid (1984) and its sequel, The Karate Kid Part II (1986). However, fans were stunned to learn of Chad McQueen’s death in September 2024, leaving an indelible impression on the world. He also left behind a significant fortune. Let’s take a look at Chad McQueen’s net worth.
What Was Chad McQueen’s Net Worth at the Time of His Death?
According to Celebrity net worth, Chad McQueen estimated net worth at the time of his death was $45 million. That’s a bit much for someone who didn’t appear in many films, despite being a part of the original Karate Kid. This money was probably part of his father’s large fortune, which was worth $30 million when he died in November 1980.
Julien’s Auctions auctioned off a five-page will dated February 2, 1973, for $1920. This document states that Steve bequeathed his household furnishings, personal items, and other tangible personal property to his two children, Chad and Terry.
In July 2012, Forbes ranked Steve McQueen one of the highest-paid dead celebrities of the year, collecting $6 million from auctions and licensing deals. That’s most likely where Chad’s money came from, given that the McQueen estate has complete control over licensing. In April 2024, they negotiated new agreements with a shoe firm, watch designer, motorcycle manufacturer, and a limited edition co-branded Steve McQueen X Le Mans capsule collection.
The Early Life Of Chad Mcqueen
Chadwick Steven McQueen was born on December 28, 1960, in Los Angeles to actors Steve McQueen and Neile Adams. McQueen inherited his father’s enthusiasm for autos, motorcycles, and racing. He started racing dirt bikes at the age of nine and won his class in the World Mini Grand Prix three years later.
When McQueen was ten, he quickly moved on to motor racing, winning his first race at the Mini Le Mans event, a children-only track built on the set of the 1971 film Le Mans. Before filming began on that picture, McQueen liked racing at triple-digit speeds down straightaways while sitting in his father’s lap behind the wheel of a Porsche 917. At age 12, he won his class at the World Mini Grand Prix.
Chad Mcqueen: Career
Acting Career
McQueen began his career as a film actor, most famously portraying Dutch in The Karate Kid and The Karate Kid Part II. Further work included lead roles in direct-to-video action films such as Martial Law, Death Ring, and Red Line. He also worked as a producer and received a Telly Award for his documentary Filming at Speed. Following his retirement from acting, McQueen featured as himself on several motorsport-related television shows, including Hot Rod TV and Celebrity Rides.
Racing Career
Chad McQueen’s professional racing career began with the Sports Car Club of America (SCCA), and he went on to compete in a variety of motorsport events, including motocross and the grueling Baja 1000. In 2004, he raced alongside Belgian racing legend Jacky Ickx and his daughter Vanina in a trio of Porsche 959s, restored by Porsche Motorsports for the prestigious Goodwood event. That same year, McQueen qualified for the SCCA Runoffs, winning several races and finishing fourth while representing Westernesse Racing.
In January 2006, McQueen’s racing career took a devastating turn when he suffered critical injuries—fractures in his lower left leg, two vertebral fractures, and several broken ribs—during a crash at Daytona International Speedway while preparing for the 24 Hours of Daytona race. A year later, during the 2007 Rolex 24 Hours of Daytona, McQueen returned to thank the medics and track staff, crediting them with saving his life. Shortly after, he announced his retirement from competitive racing and expressed a desire to transition into a team owner role.
In November 2007, McQueen made a brief return to Daytona, driving the Brumos 1975 Ecurie Escargot RSR at the Porsche Rennsport Reunion III. In January 2010, he founded McQueen Racing LLC, a company that partners with industry leaders to design and produce high-performance, limited-edition custom cars, motorcycles, and accessories.
Chad Mcqueen Died
Chad McQueen died at the age of 63. On September 11, 2024, he died of organ failure at his ranch in Palm Desert, California, according to his long-time friend, Arthur Barens. He had suffered a fall in 2020 and was unable to fully recover. His children, expressed their thoughts in a statement on Instagram.
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Chad McQueen: Personal Life
Chad McQueen was married twice: first to Stacia Toten from 1987 to 1990, with whom he had a son, Steven R. McQueen, an actor noted for his roles in The Vampire Diaries and Chicago Fire. In 1993, he married Jeanie Galbraith, with whom he had two children: Chase and Madison.
FAQ’S
Who was Chad McQueen?
Chad McQueen was an American actor, martial artist, film producer, and race car driver. He was the only child of Steve McQueen and Neile Adams, best known for his role as Dutch in The Karate Kid (1984) and The Karate Kid Part II (1986).
When did Chad McQueen die?
Chad McQueen passed away on September 11, 2024, at the age of 63 due to organ failure at his ranch in Palm Desert, California.
What was Chad McQueen’s cause of death?
Chad McQueen died of organ failure. He had sustained injuries from a fall in 2020 and was unable to fully recover.
What was Chad McQueen’s net worth at the time of his death?
At the time of his death, Chad McQueen had an estimated net worth of $45 million, according to Celebrity Net Worth.
How did Chad McQueen accumulate his wealth?
Chad McQueen’s wealth primarily came from his inheritance of his father Steve McQueen’s fortune, his work in acting, producing, and his involvement in racing and motorsport-related ventures.
What contributions did Chad McQueen make to motorsports?
Chad McQueen had a notable racing career, competing in various motorsport events, including motocross and the Baja 1000. He founded McQueen Racing LLC in 2010, producing custom cars and motorcycles.
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