Larry David Net Worth 2024

What is Larry David’s net worth?

Larry David is an American comedian, author, actor, director and tv producer who has a net worth of $450 million. Larry David earned his fortune because the co-creator of “Seinfeld,” and the creator/star of “Curb Your Enthusiasm.” Through these two reveals, Larry has been producing a profitable comedy present on a significant community yearly repeatedly since 1989.

Larry earned nearly all of his net worth due to his possession stake within the backend syndication royalties generated by “Seinfeld.” By the time the present was bought into syndication, Larry and co-creator Jerry Seinfeld every owned 15% of the present’s backend fairness. Much extra on this later within the article.

If you might be questioning why Jerry Seinfeld is a lot richer than Larry David, it needs to be famous that Larry misplaced a big portion of his net worth in his 2007 divorce from ex-wife Laurie David. As he has confirmed in interviews, Larry gave Laurie half of his net worth on the time, roughly $200-300 million, along with a minimize of future income generated by “Seinfeld” syndication royalties.

Early Life

Lawrence Gene David was born in Brooklyn, New York on July 2, 1947, to Rose and Mortimer “Monty” David. He has an older brother named Ken. His family is Jewish. Larry attended Sheepshead Bay High School then the University of Maryland.

While in college, he was a member of the  Tau Epsilon Phi fraternity. In college, he realized he made folks snort simply by being himself. He graduated with a bachelor’s diploma in historical past. After college, David enlisted within the United States Army Reserve and held numerous odd jobs together with working as a retailer clerk and a limo driver, whereas additionally training his stand-up at night time.

Larry started his comedy profession working as a stand-up comedian within the late Nineteen Seventies. While residing in Manhattan Plaza, a sponsored housing challenge simply north of the theater district that primarily housed performers and artists, he turned acquainted with Kenny Kramer, a stand-up comedian who lived throughout the corridor. His affiliation with Kenny Kramer would change into essential sooner or later.

Fridays & Saturday Night Live

At some level he started to shift his focus from performing to writing. In 1980 he was employed to work on an ABC collection known as, “Fridays”. The present was related in format to “Saturday Night Live”, and ran till 1982. He was additionally a solid member, together with fellow up-and-coming comedian, Michael Richards. Their affiliation would change into vital later, as properly.

In 1984, he was employed to write down for “Saturday Night Live. This would show to not be a very good match and he lasted only one season on the present. Larry famously solely acquired certainly one of his sketches on the air whereas at “SNL,” which aired at 12:50 AM, the final time slot on the present. At one level Larry resigned out of frustration halfway by way of the season. He really returned to the studio as if nothing had occurred just a few days after resigning. This would later be used as a plot machine on “Seinfeld.” During his time writing for SNL, one of many cast-members was Julia Louis-Dreyfus.

Creation of Seinfeld

In 1989 Larry teamed up with Jerry Seinfeld to create a pilot for NBC which was initially titled “The Seinfeld Chronicles.” The collection turned often known as “Seinfeld”, and was loosely primarily based on Larry David’s personal life and experiences, in addition to the folks round him. Kenny Kramer, his neighbor at Manhattan Plaza, turned Cosmo Kramer, performed by his good friend from the solid of “Fridays” – Michael Richards. Julia Louis-Dreyfus, from his “SNL” days, joined the solid as Elaine Benes. He primarily based the character George Costanza, performed by Jason Alexander, on himself.

Larry was the co-creator and government producer of “Seinfeld.” The present was on the air from 1989 to 1998 with 180 episodes. Larry wrote 62 episodes of “Seinfeld,” together with the long-lasting episode “The Contest.” David’s work on the present received him two Primetime Emmy Awards in 1993, for Outstanding Comedy Series and Outstanding Individual Achievement in Writing in a Comedy Series for “The Contest.” Seinfeld is without doubt one of the most profitable reveals in tv historical past, reaching the highest of “TV Guide’s” record of the 50 biggest TV reveals of all time. “Entertainment Weekly” ranked it the third-best TV present of all time.

Creation of Curb Your Enthusiasm

started scripting “Curb Your Enthusiasm” for HBO in 1999.  The present was meant to be a one-off particular, nevertheless it proved so standard that it was become a collection, and it is nonetheless working.  As with “Seinfeld”, he has introduced in actors from his previous, together with Michael McKean from “SNL”, and the entire solid of “Seinfeld”.  With “Curb Your Enthusiasm”, relatively than working with a good script, he, or one of many workers writers that have been employed after Season 5, write a free define, and everybody concerned within the episode improvises.  He stars on the collection, enjoying a variation of himself, and like “Seinfeld”, the present is an exploration of his private experiences.  The majority of the collection focuses on the entire social and emotional points he confronted after the run away success of “Seinfeld”.

In addition to his work on “Curb Your Enthusiasm”, he has additionally written two movies, “Sour Grapes” and “Clear History”.  He has additionally continued to carry out on and off, together with roles in “New York Stories”, “Whatever Works”, “The Three Stooges”, and “Clear History”.

Larry David “Seinfeld” Syndication Earnings

As you would possibly assume, Larry earned the overwhelming majority of his net worth due to his affiliation with the massively profitable “Seinfeld.” From the outset of the present, Larry and Jerry every owned 7.5% of the present’s backend fairness factors. At the height of the present’s success within the mid-Nineties, the duo negotiated a cope with NBC that boosted their factors to fifteen% apiece. Part of that enhance additionally got here from Larry and Jerry shopping for out an fairness proprietor who was seeking to money out. The present was first syndicated in 1998. That first deal generated $1.7 billion in income, giving Larry and Jerry every a $250 million windfall. In a mean 12 months, he makes $40-50 million between syndication, DVD gross sales, merchandise, and different platform royalties. In some years that quantity may be a lot larger. In 2015 Larry earned a complete of $80 million after Hulu paid $180 million to amass Seinfeld‘s streaming rights, giving each Larry and Jerry an additional $30 million. In the final 20 years, Seinfeld has generated properly over $4 billion in syndication income, roughly $17 million per episode. As of this writing, Jerry and Larry have each earned a minimum of $800 million from “Seinfeld” between wage, DVD, merchandise, and syndication offers.

When “Seinfeld” bought to Netflix for $500 million in September 2019, each Larry and Jerry earned $75 million.

Personal Life

On March 31, 1993, David married Laurie Lennard. They have two daughters, Cazzie Laurel David (born May 10, 1994) and Romy March (born March 2, 1996). Laurie met Larry whereas she was working as a expertise coordinator on “Late Night with David Letterman.” The character of “Cheryl” on “Curb Your Enthusiasm,” which is performed by Cheryl Hines, is loosely primarily based on Laurie David. Laurie is an environmental activist and movie producer. She received an Oscar for producing the 2006 Al Gore documentary “An Inconvenient Truth.”

Laurie David filed for divorce on July 13, 2007, citing irreconcilable variations and looking for joint custody of the couple’s two daughters.

Larry was launched to comedy producer Ashley Underwood at a birthday celebration for Sacha Baron Cohen. They married in 2020.

In the summer time of 2017, PBS’s “Finding Your Roots” found by way of genealogical analysis that David and Bernie Sanders are distantly associated.  The comedian defined that Sanders is “a 3rd cousin or one thing.” This was fairly a coincidence contemplating that Since 2015, David made a number of visitor appearances portraying Bernie Sanders on “Saturday Night Live.”

In November 2022, Larry David and different spokespeople have been sued in a class-action lawsuit for his or her roles in endorsing cryptocurrency change FTX Trading Unlimited. The industrial aired throughout Super Bowl LVI, and in February 2022, the U.S. Court of Appeals dominated that the Securities Act of 1933 extends to focused solicitation utilizing social media.

Laurie David Divorce Settlement

Unfortunately, Larry’s net worth took a pretty big hit after his divorce from ex-wife Laurie in 2007. Larry reportedly paid Laurie 50% of his net worth on the time. That resulted in a $200-300 million settlement that features future syndication revenue from each “Seinfeld” and “Curb Your Enthusiasm.”

FTX Endorsement

In 2022 Larry appeared in what’s now thought of an notorious Super Bowl industrial for the fraudulent crypto firm FTX. In lawsuits it was later revealed that Larry was paid $10 million to look within the industrial. That $10 million charge for Larry was on prime of the $25 million FTX paid to provide the industrial. The industrial featured a delicate cameo from Sam Bankman-Fried’s father Joseph Bankman, who was apparently an enormous Larry David fan.

Real Estate

In 2014, Larry David bought a house in LA’s Pacific Palisades neighborhood for $12 million. The residence has seven bedrooms and 10 baths, with a main bedroom that features a deck overlooking the ocean, a grassy yard, and a pool. The property options a big visitor home, a number of fireplaces, lounge, family room, and eating room. He continues to personal a house in the identical space that he bought round 2006 for $10.35 million. He owns a minimum of two different houses within the Palisades.

In February 2022 Larry paid $5.7 million for a house in Montecito, California. For some motive he bought this residence lower than a 12 months later for $6.9 million. Here’s a video tour of this residence from September 2021:

In September 2022 Larry closed on a brand new Montecito mansion, this one setting him again $7.6 million.

In 2004 he purchased a modest, however stunning property on Martha’s Vineyard.