What is Jerry Seinfeld’s net worth and salary?
American comedian, actor, television producer, and auto enthusiast Jerry Seinfeld. The total wealth of Jerry Seinfeld is $950 million. Jerry earned the vast majority of his fortune thanks to the sitcom “Seinfeld” which has proven to be one of the most-profitable shows in television history, in terms of syndication royalties. Jerry is the owner of 15% of the show’s backend equity. So not only did he earn a fortune from base salary while the show was on, he has earned exponentially more in the years thereafter from global syndication sales.
Seinfeld has thus far brought in multiple billion dollars from its syndication deals, with Netflix paying $500 million to secure the show’s five-year digital rights in September 2019.
In Brooklyn, New York, on April 29, 1954, Jerry Seinfeld was born. In Massapequa, New York, he was raised. He spent two years at the State University of New York at Oswego. He transferred to Queens College during his second year and received a degree in theater and communications there. While attending Queens College, he discovered a liking for stand-up comedy and frequently participated in open-mic events. After college Jerry spent nearly 15 years grinding out a career as a stand-up comedian before hitting the television jackpot. He was a well-known touring comedian when he made an incredibly popular visit on The Tonight Show Starring Johnny Carson in May 1981. This appearance led to many more appearances on The Tonight Show and other late night programs like Late Night with David Letterman.
In 1989, Jerry collaborated with former SNL writer Larry David to develop “The Seinfeld Chronicles,” a television pilot for NBC. 180 episodes of the renamed “Seinfeld” would eventually air over the course of 9 seasons, and it is now regarded as one of the greatest shows of all time. With almost $4 billion in earnings to date, it is also one of the most lucrative television programs to ever be distributed in syndication.
Jerry’s Seinfeld Salary
When you add it all up, Jerry earned just under $60 million in salary alone. roughly equivalent to $100 million if inflation is taken into account.
For a tenth season, NBC was keen to have Jerry return. They allegedly made him an episode production deal of $5 million. For the season, that would have brought in $100 million. Had Jerry earned $5 million per episode it would still stand today as the highest per episode fee ever paid to a television actor, more than doubling the $1.8 million Charlie Sheen earned at the peak of Two and a Half Men in 2010.
Jerry and Larry David each held 7.5 percent of the backend equity points at the start of Seinfeld. When Jerry and Larry were negotiating new contracts with NBC at the height of the show’s popularity, they were able to double their ownership stake to 15% apiece. The program brought in $1.7 billion when it was originally put into syndication in 1998. Jerry and Larry each had a windfall of $255 million as a result. Jerry and Larry have both made at least $800 million off of Seinfeld as of this writing thanks to salary, DVD, merchandise, and syndication deals. Unfortunately, Larry’s divorce from Laurie Lennard in 2007 caused his net worth to be reduced by half.
Jerry and Larry each made $27 million when Seinfeld was sold to Hulu in 2015 for $180 million. They make between $40 and $50 million a year in syndicated revenues and show royalties. Between June 2017 and June 2018, Jerry Seinfeld earned $60 million. He made $40 million from June 2018 to June 2019 in total.
Jerry and Shoshanna Lonstein had a rather infamous four-year relationship that began when she was still in high school and 17 years old. He was 38. In 1998 Jerry met Jessica Sklar at a sports club a few months before she was set to marry a theater producer named Eric Nederlander. After returning from her honeymoon three weeks prior, Sklar moved in with Jerry and divorced her husband. Four months after the wedding, the spouse announced his intention to divorce. A year later, Jerry and Jessica got married, and they’ve been together ever since. Together, they are parents to three kids.
Manhattan: The Seinfeld family invested $4 million in a home in New York City in 2005. The full 19th level of a skyscraper with views of Central Park serves as their primary residence. He reportedly spent so many years renovating that Upper West Side co-ops boards universally implemented new rules against extended renovations. It’s referred to as the “Seinfeld Law.”
Telluride: In 2007, the couple spent $7.55 million to acquire a 27-acre estate in Telluride, Colorado. They spent $2.3 million for a different 17-acre neighboring property a year later.
They placed the main residence for sale for $18.3 million in 2011. After taking the listing down for a while, they relisted it in March 2021 for $14.95 million. The 17-acre adjacent property with a four-bedroom house was also listed at the same time for $2.775 million.
In February 2022 the sold the primary 27-acre property for $14 million. Here is a tour of that property in video form:
Other: Jerry reportedly spent $4.5 million in 2007 to build a warehouse near the Santa Monica airport for the storage of the vehicles he still keeps on the West Coast.
Ellen DeGeneres Bought A Montecito Estate From Dennis Miller For Almost $50 Million
According to reports, Dennis Miller sold his mansion to Ellen DeGeneres in September of this year, but the transaction was...
Stevie Nicks Sells Stake In Song Catalog For Reported $100 Million
Fleetwood Mac's Stevie Nicks struck a very profitable agreement to sell an 80 percent ownership in the publishing rights to...
The Elvis Presley “Honeymoon Hideaway” In Palm Springs Now Listed For $2.5 Million
Despite its colorful past, selling the mansion hasn't exactly been simple. Its current owners first tried finding a buyer back...
Mel Gibson’s Ex-Wife Robyn Just Bought Her THIRD Malibu Mansion. The Latest? $17.5 Million
The house features views of the nearby Zuma Beach and five bedrooms and five and a half baths distributed between...
Barron Hilton’s Bel Air Estate Hits The Market For First Time in 60 Years
On November 30, Rick Hilton listed the most important real estate deal of his more than 30 year career –...