The secret cost behind producing a successful Oscars Awards show

Last week, the Oscars celebrated 90 years of existence. And it's safe to say this year's award ceremony was truly historic. From Jordan Peele making history as the first Black writer to win Best Original Screenplay to Daniela Vega becoming the first transgender actor to present at the Academy Awards, the 2018 award's show was nothing short of amazing. 

While Hollywood's biggest night featured A-list stars in their crowning glory, it's important to note the monetary efforts that went into making the event a success. For one, the swag bags for nominees this year was rumored to be worth up to $100,000. The gift bag included everything from trips to Greece, Zanzibar, Hawaii and Tanzania to jewelry, a genetic testing kit, personal training sessions and gift certificates for cosmetic procedures.  

RELATED: Net worths of the Best Actor & Actress in a Leading Role nominees:

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Best Actor & Actress in a Leading Role nominees net worths
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Best Actor & Actress in a Leading Role nominees net worths

Timothée Chalamet 

Net Worth: $1 million 

Photo credit: Reuters 

Net worth via: WalletHub

 Daniel Day-Lewis 

Net Worth: $50 million 

Photo credit: Reuters 

Net worth via: WalletHub

Daniel Kaluuya 

Net Worth: $1 million 

Photo credit: Getty

Net worth via: WalletHub

Gary Oldman 

Net Worth: $50 million 

Photo credit: Getty

Net worth via: WalletHub

Denzel Washington 

Net Worth: $220 million 

Photo credit: Getty

Net worth via: WalletHub

Sally Hawkins 

Net Worth: $1.5 million 

Photo credit: Getty 

Net worth via: WalletHub

Frances McDormand 

Net Worth: $16 million 

Photo credit: Reuters

Net worth via: WalletHub

Margot Robbie 

Net Worth: $12 million 

Photo credit: Reuters 

Net worth via: WalletHub

Saoirse Ronan 

Net Worth: $2.5 million 

Photo credit: Reuters 

Net worth via: WalletHub

Meryl Streep 

Net Worth: $90 million 

Photo credit: Reuters 

Net worth via: WalletHub

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If the price of the swag bags alone doesn't stun, WalletHub released its 2018 Oscars Facts report looking at some of the costly efforts that went into making the show a success.

Here are some highlights from the report: 

  • $44M: Total cost of Oscars ceremony
     
  • $10M: Cost of the look for an A-list actress attending the Oscars
     
  • $2.6M: Cost of a 30-second commercial during the Oscars telecast (48% less than the Super Bowl)
     
  • $24.7K: Cost of the 16,500-square-foot Oscars red carpet
     
  • $900: Current value of the 24-karat gold-plated Oscar statuette
     
  • $130M: L.A.'s annual economic boost from the Oscars
     
  • $434M:  Combined net worths of the actors and actresses nominated for Best Actor & Actress in a Leading Role 

Check out more mind-blowing stats on WalletHub.  

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