Jerry Seinfeld Net Worth 2024

What is Jerry Seinfeld’s net worth and wage?

Jerry Seinfeld is an American comedian, tv producer, actor and automobile collector who has a net worth of $925 million. Jerry earned the overwhelming majority of his fortune because of the sitcom “Seinfeld” which has confirmed to be one of many most-profitable reveals in tv historical past, by way of syndication royalties. Both Jerry and his co-creator Larry David personal 15% of the present’s back-end fairness factors. So not solely did Jerry earn a fortune from base wage whereas the present was on, he has earned exponentially extra within the years thereafter from world syndication gross sales.

To date, Seinfeld has generated a number of billion {dollars} in syndication income, together with $500 million Netflix paid in September 2019 to accumulate digital rights for 5 years.

Jerry personally earns $20-50 million in a given yr, largely relying on if he’s touring or not. He earns $20 million from a nationwide tour. In 2020 Netflix paid him $20 million for unique rights to his particular “23 Hours to Kill”. Between June 2019 and June 2020 he earned $50 million thanks largely to Netflix offers and touring.

Early Life

Jerry Seinfeld was born on April 29, 1954 in Brooklyn, New York. He grew up in Massapequa, New York. He attended State University of New York at Oswego for 2 years. After his second yr he transferred to Queens College the place he earned a level in communications and theater. He developed a ardour for stand-up comedy whereas at Queens College and would periodically seem at open-mic nights. After college Jerry spent almost 15 years grinding out a profession as a stand-up comedian earlier than hitting the tv jackpot. He was a profitable touring comedian when in May 1981 he had an especially profitable look on The Tonight Show Starring Johnny Carson. This look led to many extra appearances on The Tonight Show and different late evening packages like Late Night with David Letterman.

Creating “Seinfeld”

In 1989 Jerry teamed up Larry David, a one-time author on SNL, to create a tv pilot for NBC which they initially titled “The Seinfeld Chronicles”. The re-named “Seinfeld” would ultimately air 180 episodes over 9 seasons and at the moment is taken into account top-of-the-line reveals of all time. It can also be one of many profitable reveals in tv syndication historical past, producing over $4 billion in income to this point.

Jerry’s Seinfeld Salary

Jerry earned $20,000 per episode through the present’s 5-episode first season, for a complete of $100,000.

His per episode pay was doubled to $40,000 for the second and third seasons, for a complete of $1.4 million.

For seasons 4, 5 and 6, a complete of 70 episodes, Jerry earned $100,000 per episode. That equates to $7 million.

For seasons 7 and eight, a complete of 46 episodes, Jerry’s per episode wage was boosted to $500 thousand. That equates to $23 million.

For season 9 Jerry earned $1 million per episode, totalling $24 million for the season (which is similar as roughly $38 million after adjusting for inflation). He was the very first tv actor to earn $1 million per episode. A report that was rapidly damaged when Tim Allen was paid $1.25 million the next yr for his work on Home Improvement.

When you add all of it up, Jerry earned roughly $60 million in wage alone from his present. Roughly the identical as round $100 million after adjusting for inflation.

NBC was determined to have Jerry come again for a tenth season. They reportedly supplied him $5 million per episode to provide yet another season. In different phrases, Jerry would have earned $110 million for the season. Had Jerry earned $5 million per episode it might nonetheless stand at the moment as the very best per episode payment ever paid to a tv actor, greater than doubling the $1.8 million Charlie Sheen earned on the peak of Two and a Half Men in 2010.

Syndication Earnings

From the outset of Seinfeld, Jerry and Larry David every owned 7.5% of the present’s backend fairness factors. At the height of the present’s success when Jerry and Larry have been negotiating new offers with NBC, they have been capable of double their possession stake to fifteen% every. When the present was first bought into syndication in 1998, it generated $1.7 billion in income. That left each Jerry and Larry with $255 million windfalls. As of this writing, Jerry and Larry have each earned at the least $800 million off Seinfeld between wage, DVD, merchandise and syndication offers. Larry’s net worth sadly was lower in half after he divorced Laurie Lennard in 2007.

When Seinfeld bought to Hulu for $180 million in 2015, Jerry and Larry every earned $27 million. In a given yr, they earn $40-50 million from syndication gross sales and present royalties. Between June 2017 and June 2018, Jerry Seinfeld earned $60 million. Between June 2018 and 2019 he earned $40 million.

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

Personal Life

Somewhat infamously, Jerry dated Shoshanna Lonstein for 4 years, beginning when she was 17 and nonetheless in highschool. He was 38. In 1998 Jerry met Jessica Sklar at a sports activities membership a number of months earlier than she was set to marry a theater producer named Eric Nederlander. Three weeks after getting back from her honeymoon, Sklar moved in with Jerry and broke up along with her husband. The husband filed for divorce simply 4 months after the marriage. Jerry and Jessica married a yr later and have been collectively ever since. They have three kids collectively.

Jerry Seinfeld Car Collection

Jerry is without doubt one of the largest personal collectors of Porshes on this planet. He owns a complete of round 150 automobiles, of which roughly 45 are Porsches. For a few years whereas dwelling in Los Angeles to movie Seinfeld, he saved his assortment in a hangar on the Santa Monica airport. In 2002 he spent $1.4 million to accumulate a property on the Upper West Side of Manhattan. He proceeded to spend one other $500 thousand setting up a storage that may home dozens of automobiles. Each automobile may be introduced all the way down to the bottom degree through custom-built automobile elevator. This facility has 4 separate storage areas, plus a modest dwelling house, membership room, workplace, and kitchen. Coolest of all could be the cameras outfitted all through the complicated that Seinfeld is alleged to have the ability to entry through his smartphone at any time – the wealthy comedy celebrity equal of breaking out your Hot Wheels and ensure they’re all in correct form.

Jerry Seinfeld’s assortment is notable not only for its measurement however for the rarity and historic significance of its contents. One of the crown jewels is the 1949 Porsche 356/2 Gmünd, chassis quantity 40 of the 52 constructed, valued for its originality and as a precursor to the 911​​. Another outstanding piece is the 1955 Porsche 550 Spyder, well-known for its affiliation with James Dean and often known as the “large killer” on the race observe​

A big addition is the 1964 Porsche 911, the primary of its form imported into the U.S. and initially Ferry Porsche’s private automobile. Seinfeld purchased it for round $400,000 in 1996 and invested closely in its restoration​​. The 1970 Porsche 908/03, a winner in a number of endurance races, is a treasured icon in his assortment​​.

Other distinctive fashions embody the 1973 Porsche 911 Carrera RS, identified for its ducktail spoiler and driving perfection, and the 1957 Porsche 356 A Speedster, which Seinfeld bought at public sale in 2016 for $682,000​​. The 1986 Porsche 959, a technological marvel of its time, was acquired by Seinfeld for roughly $700,000​.

Seinfeld additionally owns a uncommon 2000 Porsche Carrera GT Prototype, a mechanical supercar, which he tried to promote in 2016 for $1.5 million​, and the 1959 Porsche 718 RSK Spyder, a light-weight and highly effective automobile celebrated for its racing successes​.

Outside of Porshe, Jerry does personal or has owned quite a few attention-grabbing different marks. There’s the 1964 Volkswagen Camper “EZ Camper” that he bought in 2016, a traditional camper van which will have reminded him of his suburban upbringing. There’s his 1964 Aston Martin DB5 Coupe, higher often known as one of many first automobiles pushed onscreen by Agent 007. There is at the least one automaker that has not earned the comedian’s respect: Lexus. He’s referred to Lexus as having “perfected the thought of a coffin on wheels,” and has expressed disdain for every part from the model’s manufacturing line to its very brand.

The estimated complete worth of Seinfeld’s automobile assortment is staggering, ranging between $85-$100 million.

Real Estate

East Hampton: In 2000, Jerry and Jessica paid a complete of $32 million over three transactions to place collectively a 12-acre oceanfront property in East Hampton, New York. One of the sellers was Billy Joel. They reportedly then spent a number of million {dollars} on renovations that included constructing a big new home on the property and including a non-public baseball diamond behind the property (Jerry is a large Mets fan). The Hamptons property has a 22-car storage.

Manhattan: In 2005 the Seinfelds spent $4 million for a townhouse in New York City. Their predominant NYC house is all the Nineteenth-floor of a constructing overlooking Central Park. He reportedly spent so a few years renovating that Upper West Side co-ops boards universally carried out new guidelines towards prolonged renovations. They name it the “Seinfeld Law”.

Telluride: In 2007, the couple spent $7.55 million to accumulate a 27-acre property in Telluride, Colorado. A yr later they paid $2.3 million for a separate 17-acre adjoining property.

They listed the first property on the market in 2011 for $18.3 million. They eliminated the itemizing for a number of years, re-listing in March 2021 for $14.95 million. At the identical time additionally they listed the 17-acre adjoining property, which has a four-bedroom residence, for $2.775 million.

In February 2022 the bought the first 27-acre property for $14 million. Here’s a video tour of that property:

Other: In 2007 Jerry spent $4.5 million on a warehouse in on the Santa Monica airport, apparently to deal with automobiles he nonetheless retains on the West Coast.

In 2011 they purchased a relatively-modest lake residence in Vermont, close to the place Jessica grew up.

Yacht “MOKA”

In 2015 Jerry took possession of a 138-foot yacht referred to as “MOKA.” The yacht can match 12 company in six cabins and 9 crew in three cabins. It prices $1-2 million per yr to function. Jerry bought MOKA for an estimated $25 million in 2019. Here is MOKA pictured off the coast of Italy: