
According to the Bloomberg Billionaires Index, comedian Jerry Seinfeld’s fortune has reached one billion dollars, a financial success largely due to the comedy series he created with Larry David, Bloomberg writes.
The success of the sitcom “Seinfeld” proved to be long-lasting, even after its debut in 1989, subsequently generating other types of revenue, even as the landscape of American television changed.
Much of Seinfeld’s fortune comes from a series of syndication deals for the show, which netted him about $465 million, according to Bloomberg estimates, while the deal with Netflix Inc. broadcast rights brought him another $94 million.
When Netflix won global rights to all 180 episodes of Seinfeld in 2019, the Los Angeles Times reported that the streaming platform paid “far more” than the $500 million that NBCUniversal paid for “The Office” or the $425 million that WarnerMedia paid. “Friends”.
Seinfeld is also estimated to have earned more than $100 million since the 1980s from touring.
The analysis suggests that Seinfeld, now 69, has been investing his earnings since 1990.
The estimate includes $40 million in real estate, including an apartment in New York’s Central Park West, a home in the Hamptons and a warehouse in California. His collection of vintage cars — some of which are featured in the Netflix series Comedians in Cars Drinking Coffee — was not included in the analysis.
Amy Jacobs, a spokeswoman for Seinfeld, called the tally “inaccurate” but declined to provide further details.
During its run, Seinfeld consistently topped the Nielsen ratings. All seasons three through eight subsequently ranked among the top 500 shows on Netflix, according to data that took into account viewers from January to June 2023.
The series “may be the last highly successful sitcom ever to air on network television,” said Bill Burke, former president of TBS Superstation, in a 1998 New York Times article.
Source: Hot News

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