"The benefit of that was that we were also signing up for something that was going to be a part of our lives forever," Wood added of his "not massive" salary.

Elijah Wood is the latest cast member to be asked about the surprisingly low salaries the cast of “The Lord of the Rings” earned as part of Peter Jackson’s landmark trilogy, which went on to gross nearly $3 billion at the worldwide box office.

The star of Peter Jackson's massively profitable trilogy says, however, that shooting the films led to "some of the best experiences of my life."