Jerry Seinfeld net worth- $950 Million
Nationality- United States
Profession- Comedian, Actor
Date Of Birth- April 29, 1954
Seinfeld is the greatest sitcom of all time, and the numbers prove it. Based on the report, Jerry Seinfeld has a net worth of $950 million.
Here is a breakdown of how much is Jerry Seinfeld’s net worth and how much he makes from the show “Seinfeld.” Before we get to the big numbers, let us learn a little something about him.
Jerry Seinfeld net worth
Jerry Seinfeld is an American T.V. star and comedian with a $950 million net worth. The majority of his fortune is a result of his famous sitcom “Seinfeld,” which became the most profitable show in the history of television. Seinfeld owns 7.5% of the backend equity points from the show. Now not only does he make a fortune from his base salary, but he also earns exponentially year after year from global syndication sales.
To date, Seinfeld has generated billions of dollars as syndication revenue along with a $500 million contract with Netflix to acquire the rights of the show in September 2019 for five years.
On average, Jerry Seinfeld earns $20-$50 million in a year, depending on if he is touring or not. From a national tour, he makes $20 million. In 2020 Netflix paid Jerry $20 million to acquire exclusive rights to “23 Hours To Kill”, his special. Between June 2019 to June 2020, Seinfeld earned 450 million because of Netflix deals and touring.
Early Life
Jerry Seinfeld was born in Brooklyn, New York, on April 29, 1945. He spent his growing years in Massapequa, New York, and after completing his second year, he earned a degree in theatre and communication from the University of New York at Oswego. He began inclined towards stand-up comedy when he was in Queens College and started appearing at open-mic nights periodically.
After Jerry passed out of college, he spent 15 years grinding to make a career as a stand-up comedian before he made a hit on the television. By May 1981, Jerry successfully toured for comics and made a successful appearance on the Tonight Show, Starring Johnny Carson. This further led to various appearances on the show again and also on Late Night with David Letterman.
Creating “Seinfeld”
In 1989, Jerry paired with Larry David, a one-time writer of S.N.L., to create an N.B.C. television pilot titled “The Seinfeld Chronicles.” Later the show was renamed “Seinfeld” and was aired in 180 episodes in 9 seasons. Today, Seinfeld is considered the Best Comedy Show of all time. The show became most successful in the syndication of tv history, generating more than $4 billion in revenue to date.
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Salary From Seinfeld
Jerry Seinfeld earned $20,000 in each episode during the first season 5-episode, making a total of $100,000. His salary was doubled to $40,000 for 2 and 3 seasons earning a total of $3.5 million. For 4,5,6 seasons, there were a total of 70 episodes in which Jerry earned $100,000 for every single episode, which equals $7 million.
For seasons 7 and 8, there were a total of 46 episodes of Seinfeld by then; he was making $500,000 per episode, which totals $23 million. For season 9, Seinfeld was earning $1 million per episode totaling $24 million.
Jerry Seinfeld was the first-ever television actor to make $1 million per episode. Soon Tim broke the record by earning $1.25 million the following year for working on Home Improvement. After adding all of this together, Jerry Seinfeld made $60 million by salary alone, which makes a major contribution to his net worth.
N.B.C. desperately wanted Jerry to come back for the 10th season, and the channel offered him to pay $5 million for each episode to make one more season. That season would have generated $100 million for this season. Had Jerry accepted that offer, he would be earning $5 million per episode, the highest ever fee paid to a television actor who is twice Charlie Sheen’s $1.8 million for the Two and a Half Men in 2010.
Earnings By Syndication
Outside Seinfeld, Larry and David both owned a 7.5% share of the backend equity points. When the show was at peak success, they negotiated a new deal with the N.B.C. channel and doubled their ownership stake to 15% each.
When the show was sold first time in 1998 into syndication, it was making $1.7 billion as revenue. This left Jerry and Larry with $225 million windfalls. Jerry Seinfeld also makes $800 via merchandise, DVD, and syndication deals. Unfortunately, Larry’s net worth was cut in half after getting a divorce from his wife Laurie Lennard in 2007.
When the show Seinfeld was sold to Hulu in 2015 for $180 million, Larry and Jerry both were earning $27 million. In a year, they were earning $40-50 million from show royalties and syndication sales. In September 2019, Seinfeld was sold to Netflix for $500, after which Jerry and Larry earned $75 million.
Personal Life
In 1998 when Jerry Seinfeld was 38 he met Jessica Sklar in a sports club a few months before marrying Eric Nederlander, a theatre producer. Three weeks after their honeymoon, Sklar broke up with her husband and moved in with Jerry. After four months of the wedding, the husband filed for divorce. After a year, Jerry and Jessica got married and have been together ever since. The couple has three children together.
Car Collection
Did you know Jerry has one of the biggest Porsche collections in the world? He has a total of 150 vehicles, of which 45 are Porche. For many years, Jerry lived in Los Angeles to film Seinfeld, and there he used to keep his entire collection at the Santa Monica airport.
In 2002 Jerry spent $1.4 million to buy a property in the Upper West Side of Manhattan. He spent another $500 thousand to construct a garage to house his dozen cars.
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Real Estate
Jerry Seinfeld’s jaw-dropping net worth has got him some great real estate properties IN THE U.S.A. Let’s take a look.
East Hampton
In the year 2000, Jessica and Jerry paid $32 million in three different transactions to buy a 12-acre oceanfront property in East Hampton, New York. They spent millions of dollars on the house’s renovation, including a new house on the property, which has a private baseball area at the backside. This property has a 22-car garage.
Manhattan
In 2005, the Seinfelds bought a townhouse for $4 million in New York City. Their main house in N.Y.C. is the 19th flower of a building that overlooks Central Park. He spent many years renovating the Upper West Side co-ops and implemented a new rule against the extended renovations. People call it the “Seinfeld Law.”
Telluride
The couples acquired a 27-acre estate for $7.55 million in Telluride, Colorado. The following year they bought the adjacent 17-acre property for $2.3 million. In 2011 they listed the first property to the sale for $18.3 million, but they removed it from listing for several years. In March 2021, they listed the house for $14.95 million. This time they have also listed the adjacent property for $2.775 million.
Other
Jerry Seinfeld spent $4.5 million as rent to the Santa Monica airport warehouse to keep his cars while he was staying on the West Coast. In 2011 they bought a modest lake house in Vermont.
Between June 2017 to June 2018, Jerry Seinfeld made $60 million, and From 2018 to 2019, he earned $40 million.
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Jerry Seinfeld Quotes:
Here are some of the funniest Jerry Seinfeld quotes for you.
- Stand-up comedy is a counter to the technology boom. We live in an age of gushing information … [and] the human voice is the opposite of that … We crave contact. I think it’s cool and interesting and odd that one person onstage can give you that.
- Nobody wants the Oscars to be good … I’m going to watch it regardless. It’s just something we need to do. It’s like a husband and wife occasionally are going to have a fight. That’s what the Oscars are—something we … do from time to time.
- There [are] just two things I’d need to find out everything I want to know about everyone: 1) Let me see them drive; 2) let me hear them talk about marriage … That’s going to tell me exactly your relationship to the world.
- We were somewhat unsupervised. The audience was there and the network is not going to complain if everyone’s liking the show.
- Now they show you how detergents take out bloodstains, a pretty violent image there. I think if you’ve got a T-shirt with a bloodstain all over it, maybe laundry isn’t your biggest problem. Maybe you should get rid of the body before you do the wash.
- Where lipstick is concerned, the important thing is not color, but to accept God’s final word on where your lips end.
- That’s the true spirit of Christmas; people being helped by people other than me.
- I think it’s funny to be delicate with subjects that are explosive.
- To me, if life boils down to one thing, it’s movement. To live is to keep moving.
- The IRS! They’re like the Mafia, they can take anything they want!
- It’s amazing that the amount of news that happens in the world every day always just exactly fits the newspaper.
- I am so busy doing nothing… that the idea of doing anything – which as you know, always leads to something – cuts into the nothing and then forces me to have to drop everything.
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