How Much Money Does Lin-Manuel Miranda Make Off Hamilton?

"Hamilton" is more than just a Broadway musical. It's a cultural phenomenon, a global entertainment brand, and for Lin-Manuel Miranda, a financial goldmine. When Miranda debuted the show in 2015, no one could have predicted it would go on to redefine the modern American musical and create a massive, worldwide revenue stream. But a decade later, "Hamilton" continues to play to sold-out crowds, shatter box office records, and generate money across an expanding universe of platforms. For its creator, that has translated into a payday unlike anything Broadway has seen before.

Miranda didn't just write the music and lyrics. He wrote the book, starred in the original production, produced its film adaptation, oversaw companion albums, and remains one of the show's primary profit participants. That all adds up to one of the most lucrative creator deals in entertainment history. In fact, thanks to the structure of his royalty and profit participation agreements, Miranda earns a slice of almost every dollar that "Hamilton" brings in, whether from Broadway, touring, cast recordings, or merchandise.

And it's not slowing down. Even as Miranda has moved on to new projects, "Encanto", "In the Heights", "Vivo", and more, "Hamilton" continues to rake in millions every month. It remains a staple of both the Broadway box office and the global touring circuit. And while most Broadway creators might hope for a hit show that pays well during its original run, "Hamilton" has evolved into a long-term revenue engine that could pay Miranda tens of millions per year for decades. Here's a detailed breakdown of how much Miranda has made, and continues to make, from his revolutionary masterpiece.

Broadway: The Royalty Stream That Never Sleeps

The Broadway production of "Hamilton" opened in 2015 and quickly became one of the most successful shows in theater history. By 2025, it had grossed over $1 billion at the box office. Miranda receives a 7% royalty on the adjusted gross revenue from the Broadway run. At the show's peak, this amounted to about $105,000 per week, and that figure has likely increased as ticket prices and grosses have climbed.

Once the show recouped its original $12.5 million investment (which it did just five weeks after opening), Miranda also began receiving 3% of the net profits from Broadway performances in addition to his royalties. All told, Broadway alone has likely earned him more than $70 million.

Tours, London, and Global Productions

Miranda earns royalties of up to 8.5% from touring and international productions. That includes the long-running Chicago run (which grossed over $400 million), London's West End, national tours across the U.S., and sit-down runs in cities like Los Angeles and San Francisco. These productions have grossed over $1.5 billion combined, putting Miranda's earnings from non-Broadway performances in the $100+ million range.

His royalty structure also includes a 3% share of net profits from each production once it recoups. Combined with royalties, Miranda's global earnings from the stage alone likely exceed $175 million.

The $75 Million Disney+ Deal

In 2020, Disney paid $75 million for the filmed version of the original Broadway production. Miranda served as a producer and retained substantial creative rights. While the exact breakdown is private, it's believed Miranda earned at least one-third of the Disney payout, meaning a one-time payday of approximately $25 million, his largest single windfall to date.

Cast Album and Music Royalties

The "Hamilton" cast album is the best-selling cast recording of the 21st century. It achieved Diamond certification, meaning over 10 million units sold (or equivalent). Every stream and sale generates royalties for Miranda as the songwriter and lyricist. Conservative estimates suggest the album earns seven figures annually in royalties, with Miranda taking a significant cut.

He also released "The Hamilton Mixtape," as well as numerous single tracks ("Hamildrops") and companion books. These collectively bring in additional revenue, likely several million dollars cumulatively.

Merchandise and Ancillary Products

Official "Hamilton" merchandise has generated tens of millions in revenue since the show debuted. Miranda earns a share of the profits. In 2016 alone, merch sales topped $15 million. Today, the combined take from merchandise, books, and other licensed products likely brings Miranda another $1 to $2 million per year.

Future Licensing: The Next Gold Rush

When "Hamilton" eventually becomes available for high school, regional, and community theater licensing, it will open a whole new revenue stream. While those rights haven't yet been made widely available, the educational licensing market for a show of this magnitude could generate tens of millions annually, extending Miranda's royalty stream for decades to come.

The Bottom Line

Lin-Manuel Miranda has turned "Hamilton" into one of the most lucrative entertainment properties of the 21st century. With earnings from Broadway, touring, Disney+, music, merchandise, and future licensing, Miranda has likely earned well over $200 million from "Hamilton* to date, with more rolling in every day. It's not just a hit musical; it's a personal financial empire, built on a revolutionary idea, executed with genius, and monetized with precision.