Daniel Craig will reportedly receive a fat pay cheque of 50 million pounds for his last outing as James Bond in the next 007 film.

The 50-year-old actor will also get an executive producer credit, along with endorsements and profits, according to •Mirror.com.

Craig previously received 37 million pounds for 2015's ‘Spectre'.

The film is likely to have a run time of around two hours and 20 minutes, meaning the actor will get 357,000 pounds per minute of screen time.

If paid 50 million pounds, Craig's earnings will exceed that of his predecessors' with Sean Connery making 7 million pounds for six official Bond movies.

The actor had earlier said he would rather "slash his wrists" than return as Bond. But after constant denials, he confirmed his comeback in the 25th Bond movie.

Oscar-winner Danny Boyle, who is set to direct the as-yet-untitled film, will earn about 7 million pounds.

A film source in Los Angeles said, "Daniel is raring to go out with a bang alongside Danny. They have been talking already about their visions and the practicalities once the cameras start rolling in December at Pinewood.

"Daniel is worth every penny given that 'Spectre' made over 700 million pounds and 'Skyfall' over 900 million pounds before they sold DVD, streaming and TV rights.