Having a star on the iconic Hollywood Walk of Fame is seen by many as one of the ultimate forms of recognition in Entertainment and Sports. However, did you know that the recipients cover the cost of the presentation and the star itself? Amounting to $75,000.

According to the Walk of Fame, following the selection of honorees, a $75,000 fee is charged. The sum, they say, is used “to pay for the creation and installation of the star, as well as maintenance of the Walk of Fame.”

While payment isn’t necessarily needed immediately, recipients have up to two years to schedule their presentation ceremony, which can’t move forward without the fee.

The agreement gives literal meaning to the cost of fame.

Each year, approximately 24-30 names are selected from a pool of nominees for the annual insertion along Hollywood Boulevard. Selection is done by a committee of experts from the fields of Entertainment and Sports.

The Walk of Fame includes six categories:

Motion Pictures

Television

Radio

Recording

Live Theatre/Performance

Sports Entertainment