Jerry Seinfeld net worth
Split: 19
What is Jerry Seinfeld’s net worth and salary?
Jerry Seinfeld is an American comedian, television producer, actor and car collector. Jerry Seinfeld’s net worth is US$950 million. Much of Jerry’s wealth is attributed to the sitcom “The Story of Seinfeld”, which has proven to be one of the most profitable shows in TV history, in terms of joint royalties. Jerry owns 15% of the backstage equity of the show. As a result, not only did he make a lot of money from basic salary during the performance, but in the following years, he received an exponential increase in income from global joint sales.
So far, Seinfeld has generated billions of dollars in joint revenue, including a payment of 500 million U.S. dollars by Netflix in September 2019 to obtain digital rights for a period of five years.
Jerry’s personal income in a given year is 20-50 million US dollars, which largely depends on whether he is on tour or not. He earned 20 million U.S. dollars from the national tour. In 2020, Netflix paid him US$20 million to obtain the exclusive rights to his special show “23 Hours of Killing.” Between June 2019 and June 2020, he made 50 million U.S. dollars, mainly due to Netflix deals and tours.
early life
Jerry Seinfeld was born on April 29, 1954 in Brooklyn, New York. He grew up in Massapequa, New York. He studied at the State University of New York at Oswego for two years. After the second year, he transferred to Queen’s College, where he earned a degree in communication and drama. He developed a passion for stand-up comedy during Queen’s College and appeared regularly on open microphone nights. After graduating from college, Jerry spent nearly 15 years honing his career as a talk show comedian before winning the TV award. In May 1981, he became a successful touring comedian in “The Tonight Show” starring Johnny Carson. Such appearances led to more appearances on “The Tonight Show” and other late-night shows (such as David Letterman’s Late Night Show).
Creation of “Song Fei’s True Story”
In 1989, Jerry collaborated with the former writer of SNL, Larry David, to produce a TV pilot for NBC, which they initially named “Seuffy’s True Story.” The renamed “Sein Fei Zheng Chuan” will finally air 180 episodes in the 9th season, and today it is considered one of the best shows ever. It is also one of the successful shows in the history of TV Union, generating more than 4 billion U.S. dollars in revenue to date.
Jerry’s Seinfeld Salary
During the 5 episodes of the first season of the show, Jerry earned US$20,000 per episode, for a total of US$100,000. In the second and third seasons, his pay per episode doubled to US$40,000, for a total of US$3.5 million. For seasons 4, 5, and 6, there are 70 episodes in total, and Jerry’s revenue per episode is $100,000. This is equivalent to 7 million U.S. dollars. With a total of 46 episodes in Season 7 and Season 8, Jerry’s pay per episode increased to $500,000. This is equivalent to 23 million U.S. dollars. For Season 9, Jerry’s revenue per episode was US$1 million, and the total revenue for this season was US$24 million (the same as approximately US$38 million after adjustment for inflation). He is the first TV actor to earn $1 million per episode. The following year, Tim Allen was paid $1.25 million for his work in home improvement, a record that was quickly broken.
Add all of these together, and Jerry’s salary alone is less than $60 million. After adjusting for inflation, it is roughly equivalent to about 100 million U.S. dollars.
NBC desperately hopes that Jerry will return to season 10. According to reports, they provided him with $5 million per episode for him to produce another season. This will bring $100 million in revenue for this season. If Jerry could make $5 million per episode, it would still be the highest per episode ever paid to a TV actor in history, more than double the $1.8 million that Charlie Sheen earned during the peak period of “Two and a half Heroes” in 2010.
Syndicated income
From the beginning of Seinfeld, Jerry and Larry David each owned 7.5% of the back-end equity of the show. At the peak of the show’s success, Jerry and Larry are negotiating a new deal with NBC, and they will be able to double their respective ownership to 15%. When the show was first sold in a joint form in 1998, it generated $1.7 billion in revenue. This left Jerry and Larry with a windfall of $255 million. At the time of writing, both Jerry and Larry have earned at least $800 million in salary, DVDs, merchandise, and joint deals from Seinfeld. Unfortunately, after divorcing Laurie Leonard in 2007, Larry’s net worth was reduced by half.
When Seinfeld sold it to Hulu for US$180 million in 2015, Jerry and Larry each earned US$27 million. In a certain year, they earn between US$400 million and US$50 million from joint sales and performance royalties. Between June 2017 and June 2018, Jerry Seinfeld made $60 million. Between June 2018 and 2019, he made 40 million U.S. dollars.
When Seinfeld sold it to Netflix for $500 million in September 2019, Larry and Jerry both made $75 million.
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personal life
Somewhat notoriously, since the age of 17, Jerry and Shawsanna Longstein have been dating for four years and are still in high school. He is 38 years old. In 1998, Jerry met Jessica Sklar at a sports club, and a few months later she was about to marry a drama producer named Eric Niederland. Three weeks after returning from the honeymoon, Sklar lived with Jerry and broke up with her husband. The husband filed for divorce only four months after the wedding. Jerry and Jessica got married a year later and have been together ever since. They have three children together.
Car collection
Jerry is one of the largest private collectors of Polsch in the world. In total, he owns about 150 cars, of which about 45 are Porsches. For many years, when he lived in Los Angeles to film Seinfeld’s True Story, he kept his collection in the hangar at Santa Monica Airport. In 2002, he spent $1.4 million to purchase a property in the Upper West Side of Manhattan. He spent another half a million dollars to build a garage that can park dozens of cars.
real estate
East Hampton: In 2000, Jerry and Jessica paid a total of $32 million in three transactions to build a 12-acre waterfront estate in East Hampton, New York. One of the sellers is Billy Joel. According to reports, they subsequently spent millions of dollars on renovations, which included building a large new house on the property and adding a private baseball diamond to the back of the property (Jerry is a big fan of the Mets). The Hampton Inn has a 22-car garage.
Manhattan: In 2005, Seinfelds spent $4 million to purchase a townhouse in New York City. Their main home in New York is the entire 19th floor of a building overlooking Central Park. According to reports, it took him so many years to renovate, so that the Upper West Side Cooperative Board of Directors generally implemented new regulations opposing extended renovations. They called it the “Song Fei Dharma.”
Telluride: In 2007, the couple bought a 27-acre estate in Telluride, Colorado for $7.55 million. A year later, they spent $2.3 million to purchase a 17-acre neighbouring property.
They listed the main properties for sale in 2011 for $18.3 million. They cancelled the listing for a few years and relisted in March 2021 for $14.95 million. At the same time, they also listed 17 acres of adjacent properties at a price of US$2.775 million, including a four-bedroom house. At the time of writing, they still have these two attributes.
other: In 2007, Jerry spent $4.5 million in a warehouse at Santa Monica Airport, apparently to store his cars that are still on the West Coast.
In 2011, they bought a relatively simple lakeside villa in Vermont, near where Jessica grew up.
