Jerry Seinfeld has formally joined the ranks of celebrities who can formally name themselves a billionaire.
Over the weekend, Bloomberg reported that because of royalties, syndication offers, and different earnings from “Seinfeld,” which premiered in 1989, Jerry Seinfeld is now value round $1 billion.
In 2019, Netflix reportedly purchased streaming rights to the present for an estimated $500 million, whereas different syndication offers had been reportedly value a further $465 million — together with Hulu’s in 2015, at $160 million for 5 years of rights.
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Seinfeld additionally boasts a powerful actual property portfolio value roughly $40 million, together with a home within the Hamptons and a large condominium on Manhattan’s coveted Central Park West.
A 2020 report from Forbes claimed that Seinfeld had earned over $20 million from his stand-up comedy excursions and that in Seinfeld’s remaining season in 1998, he was incomes $1 million per episode, which made him the highest-paid tv actor on the time.
Nonetheless, a consultant for Seinfeld, Amy Jacobs, informed Bloomberg that the report is “inaccurate” with out additional remark.
“Bloomberg Information spoke to greater than a half-dozen specialists in leisure and finance, together with in tv rights funding and valuation, to tell the evaluation,” the outlet defined of its Seinfeld wealth evaluation methodology. “Earnings from sitcom licensing had been calculated assuming Seinfeld acquired a 15% stake in syndication offers, primarily based on analyst and banker estimates.”
“Seinfeld” aired on NBC from 1989 to 1998 for 180 episodes. The “present about nothing” featured 4 mates in Manhattan and the absurdity of their every day interactions and conversations. The present’s iconic characters proceed to be part of popular culture a long time later.
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