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How a Hollywood legend lost $450 million as he didn't get the script, was forced into retirement after financial blunder

This Hollywood icon rejected a role that cost him $450 million, leading to a chain of events that led to his retirement in just over a year.

Published on: May 15, 2025, 14:27:03 IST
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When Peter Jackson made the Lord of the Rings trilogy, not many supported what was seen as a 'crazy idea'. The books were considered hard literature, and many called them unfilmable. The plan of doing all three films back-to-back was also seen as excessive. On top of it all, the shoot took place almost entirely in New Zealand, thousands of miles away from Hollywood. Naturally, many top stars did not come on board. But the one who regretted it the most was former James Bond star and screen icon Sean Connery. The actor rejected the offer to play Gandalf in the films, and along with it, a multi-million dollar paycheck.

Why Sean Connery rejected LOTR

A young Sean Connery before he was James Bond.
A young Sean Connery before he was James Bond.

Sir Sean Connery was offered the role of Gandalf in The Lord of the Rings. As one of the most recognisable faces in the cast, he was to receive the highest pay as well. But Connery turned down the offer. According to IMDb, he did so due to "not understanding the story and the script". In the end, Ian McKellen came on board and made the role his own, reprising it in the Hobbit trilogy as well.

Sean Connery, best known as the OG James Bond, rejected the offer to play Gandalf in Lord of the Rings.

Peter Jackson had offered Connery $10 million per film plus 15% of the trilogy's gross for the role (that is, 15% of the studio's take, or 7.5% of the total gross). In the end, Lord of the Rings trilogy grossed $2.9 billion worldwide. This would have given Connery earnings of $450 million for the film.

How Sean Connery reacted to losing LOTR

The League of Extraordinary Gentlemen was Sean Connery's last fim appearance.

The 2003 release received extremely bad reviews but managed to be somewhat financially successful. However, Connery was so disheartened by the turn of events that he never acted again. He died in 2021, at the age of 90.

 
ABOUT THE AUTHOR
Abhimanyu Mathur

Abhimanyu Mathur is Deputy Editor, Entertainment at Hindustan Times. With almost 15 years of experience in writing about everything from films and TV shows to cricket matches and elections, he inhales and exhales pop culture and news. Currently, he watches movies and TV shows and talks to celebrities for a living, while occasionally writing about them as well. A journalism graduate of Delhi College of Arts and Commerce, Delhi University, Abhimanyu began his career with Hindustan Times at the age of 20, swapping classrooms for newsrooms at an early age. He began his journey in the early days of digital journalism, later switching to the madness of print journalism. Work has led him to far off places like Japan and Jordan, as well as to the interiors of Haryana and the Indo-Pak border. He dabbled in city reporting in places like Meerut, Gurgaon, and Delhi, covered the Olympics and Cricket World Cups, before finding his calling in entertainment and lifestyle during the pandemic. A Rotten Tomatoes Certified Film Critic, he is equally at home covering stories on ground as he is interviewing celebrities and studios, and sometimes prefers to shepherd teams in delivering traffic through the day. Even as his role has evolved from reporter to supervisor over the years, his first love remains writing (and of late, talking on camera). With a good understanding of cinema and its trends, and a keen eye for detail, he continues to spark conversations around showbiz for readers around the world.

Stay connected with all the glitz and glam from the world of entertainment, right from Hollywood gossip to Bollywood chit chat. Also don't miss out on music buzz, anime scoops and OTT action.
Stay connected with all the glitz and glam from the world of entertainment, right from Hollywood gossip to Bollywood chit chat. Also don't miss out on music buzz, anime scoops and OTT action.
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