Jerry Seinfeld has amassed a formidable fortune, however little or no in his portfolio resembles that of the super-wealthy.
Overlook inventory choices and acquisitions; the 69-year-old comic has gotten mega-rich largely by being humorous.
Bloomberg pegs Seinfeld’s web value at upwards of $1 billion — with roughly half that sum, $465 million, coming from syndication offers for his eponymous sitcom.
“Seinfeld,” co-created by Larry David, premiered in 1989 and led to 1998 after 180 episodes.
Turner Broadcasting paid greater than $1 million per episode to air “Seinfeld” reruns, The New York Instances reported in 1998. And when Netflix purchased streaming rights to all 9 seasons in 2019, it paid greater than $500 million in a deal that netted Seinfeld an extra $94 million, Bloomberg stories.
The comic has additionally pocketed $100 million since he started touring within the 80s, based on the outlet.
That is not all. There is a $40 million actual property portfolio, together with properties in New York Metropolis, the Hamptons, and California, based on Bloomberg. However Seinfeld’s classic automotive assortment — featured prominently in “Comedians in Vehicles Getting Espresso” — did not issue into its calculations, Bloomberg stated.
Whereas Bloomberg reported Seinfeld was now a billionaire, a rep for the comic informed Bloomberg its estimates had been “inaccurate.”
Bloomberg’s estimates assume that Seinfeld invested his earnings, acquired a 15% lower of the TV syndication offers, and a 35% lower of gross field workplace gross sales on the highway, which was sourced from Pollstar knowledge, based on the outlet.
Seinfeld’s consultant did not instantly reply to a request for remark from Enterprise Insider.
