He hit the Academy Awards red carpet twice before, in 1992 for "The Prince of Tides" and again in 1999 for "Affliction."
But it was in 1976 when he was first recognized by his peers. He received an Emmy nomination for the TV mini-series, "Rich Man, Poor Man."
The title reflects on Nolte's life some 35 years later.
"It's nice to have money but I'm not rich, as Streisand informed me," he said. "She said to me on 'Prince of Tides,' 'You think you're rich?' I said, 'Yeah, I think so.' She said, 'No you're not.'"
Nolte has received a best supporting actor nomination for his role in the family drama, "Warrior."
While the actor has experienced some turmoil in his career, he's learned to appreciate his longevity.
"If you stick around until 70, I've always said it's those who are standing at the last day are the ones who really get the work," Nolte said.
Nolte said he will not prepare an acceptance speech.
After Oscar Sunday, we'll be seeing a lot more of Nolte. He has about half a dozen pictures on the way, including "Parker" with Jennifer Lopez.