Captain Phillips Net Worth (Updated 2026).

Richard Phillips, known as Captain Phillips, began his maritime career in the early 1970s, a time when the industry was largely dominated by men. Starting as a deckhand, he worked his way up through the ranks, demonstrating an unwavering dedication to safety and a keen understanding of the intricacies of ship navigation. His reputation as a skilled and responsible captain grew, eventually leading to his command of the U.S.-flagged cargo ship, the MV Maersk Alabama, in 2009.

Captain Phillips’ Current Net Worth (2025)

As of 2025, the latest available information pegs Captain Richard Phillips’ net worth at approximately $5 million. This figure reflects his successful career in the U.S. Navy and his experiences since his high-profile ordeal.

Career

Captain Phillips served in the U.S. Navy for over two decades, rising to the rank of Captain. He commanded several ships, including the USS Forrest Sherman and the USS Benfold. His most notable service was as the captain of the MV Maersk Alabama when it was hijacked by Somali pirates in 2009. His heroism during this incident was portrayed in the 2013 film “Captain Phillips.”

Other Ventures

After leaving the Navy, Phillips wrote a memoir titled “A Captain’s Duty: Somali Pirates, Navy SEALs, and Dangerous Days at Sea,” which was published in 2010. He also served as a consultant for the film “Captain Phillips” and has been involved in various speaking engagements and media appearances.

Assets

Phillips’ assets include real estate investments, primarily in his hometown of Edgartown, Massachusetts. He also owns a stake in a maritime security company, Ocean Shield Maritime Security LLC. His military pension and book royalties contribute to his overall net worth.

Annual Income

Phillips’ annual income is primarily derived from his military pension, which, as a retired Captain, is estimated to be around $30,000 per year. His book royalties and speaking engagements also contribute to his annual income, although the exact figures are not publicly disclosed.

Frequently Asked Questions about  Captain Phillips

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Frequently Asked Questions about Captain Phillips

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1. What is Captain Phillips’ net worth?

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Captain Richard Phillips’ net worth is estimated to be around $5 million.

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2. Who is Captain Phillips?

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Captain Richard Phillips is a retired American merchant mariner who was the captain of the MV Maersk Alabama when it was hijacked by Somali pirates in 2009.

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3. What is the Maersk Alabama incident?

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The Maersk Alabama incident, also known as the Maersk Alabama hijacking, was a pirate attack on the U.S.-flagged cargo ship MV Maersk Alabama in the Indian Ocean off the coast of Somalia on April 8, 2009.

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4. How long was Captain Phillips held captive?

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Captain Phillips was held captive for five days, from April 8 to April 12, 2009.

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5. What happened to the pirates who hijacked the Maersk Alabama?

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Four pirates were involved in the hijacking. Two were killed during the rescue operation, one was captured and later sentenced to life in prison, and the fourth was captured and later deported to Somalia.

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6. Was Captain Phillips injured during the incident?

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Yes, Captain Phillips was injured during the incident. He was shot in the knee by one of the pirates during the rescue operation.

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7. What is the movie “Captain Phillips” about?

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The movie “Captain Phillips” is a 2013 biographical drama film directed by Paul Greengrass and starring Tom Hanks as Captain Phillips. The film is based on the Maersk Alabama incident and the book “A Captain’s Duty: Somali Pirates, Navy SEALs, and Dangerous Days at Sea” by Captain Richard Phillips and Stephan Talty.

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8. How accurate is the movie “Captain Phillips”?

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The movie is generally considered to be accurate in its portrayal of the Maersk Alabama incident and the subsequent rescue operation. However, some details were altered for dramatic effect or to fit the narrative of the film.

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9. What happened to the MV Maersk Alabama after the incident?

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After the incident, the MV Maersk Alabama was repaired and returned to service. It was eventually sold and renamed in 2015.

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10. What has Captain Phillips been doing since the incident?

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After retiring from his career as a merchant mariner, Captain Phillips has been involved in various speaking engagements, consulting work, and advocacy for maritime safety and security. He also published a book about his experiences, titled “A Captain’s Duty: Somali Pirates, Navy SEALs, and Dangerous Days at Sea”.