'Get out!': Jerry Seinfeld is a billionaire

For a show famously about nothing, "Seinfeld" created a whole lot of something for its star.The enduring sitcom has helped propel comedian Jerry Seinfeld’s net worth to more than $1 billion, according to the Bloomberg Billionaires Index, which is valuing his wealth for the first time.His eponymous show, co-created with Larry David, has proved particularly durable since its debut in 1989, serving as a springboard for other kinds of income even as the landscape of American TV shifted.A key portion of Seinfeld’s fortune comes from a series of syndication deals for the sitcom, which netted him about $465 million, according to Bloomberg estimates, while a Netflix deal for the streaming rights brought an additional $94 million. He also earned more than $100 million since the 1980s from touring, according to the estimate.The analysis assumes Seinfeld, 69, invested his earnings beginning in 1990. The cash is appreciated in line with the historic performance of the MSCI World Index.The estimate includes $40 million of real estate, including an apartment on Central Park West, a home in the Hamptons and a warehouse in California. His vintage car collection — some of which were featured in his "Comedians in Cars Getting Coffee" series on Netflix — wasn’t included in the analysis.Amy Jacobs, a representative for Seinfeld, called the wealth calculation “inaccurate” but declined to provide further details.Everyday lifeBorn in Brooklyn and raised in the Long Island town of Massapequa,... Continue reading at 'Crains New York'

[ Crains New York | 2024-03-22 15:12:16 UTC ]

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