With just an 8mm camera, Steven Spielberg showed the world his raw creativity and subsequently earned himself a contract as the youngest director ever in Hollywood. He has since then churned out not less than 100 commercially successful box office hits that till date are considered evergreen. The film veteran is no doubt, one of the highly recommended directors in the film industry, leading the pack with the highest-grossing movies in excess of $10 000,000,000. Little wonder, Spielberg established himself as a businessman owning production studios like Amblin Entertainment and Dream Works. Spielberg rakes in a yearly income estimated to be above $150, 000,000. Discover what Steven Spielberg’s net worth is and how he made his billions.
How The Top Director Made His Money
Unarguably, the iconic filmmaker is one of the pioneers of the present-day Hollywood thanks to his more than hundred box office bangers such as Jurassic Park and its sequels (made in 1997, 2001 and 2015), Indiana Jones and the Kingdom of Crystal Skull, E.T: Extraterrestrial, Jaws, from the epic war film titled Saving Private Ryan, to the American historical drama; Schindler’s List to other more intriguing and brilliant topics.
The Jurassic Park movie made $1.02 billion at the box office against a budgeted $63 million, Indiana Jones and the Kingdom of Crystal Skull made $786.6 million from a production budget of $185 million, E.T: Extraterrestrial followed up with $792.9 million. Jaws did not perform badly at the box office either as it made $470.7 million at the box office after it was made with a production budget of $9 million. Saving Private Ryan did not fare badly because it had a $482.3 million outing at the box office against a budget of $70 million; Schindler’s List raked in $322.1 million putting enough cash in the pocket of all involved in the production and distribution of the movie.
Spielberg has over time blown our minds with his fine screenwriting, directing and sophisticated productions most of which he turned out from stables of Paramount, Universal and Dreams motion pictures companies.
It is also not surprising, that this Cincinnati native earns from his ownership of Amblin entertainment and Dream Works Studios. He founded Amblin alongside two other investors – Kathleen Kennedy and Frank Marshall in 1981 while his partnership with Jeffrey Katzenberg and David Geffen made Dream Works a studio a reality in 1994. They eventually sold off Dreamwork studio for a sum of $1.6 billion. The studios are reputed for producing smash/hit movies like Men in Black, Transformers film series.
Furthermore, Spielberg’s net worth has been greatly impacted by his contract agreement with the Universal Studio Picture which allows him to earn 2% of every ticket sold on his movie – Jurassic World. Interesting, the film still ranks as one of the highest-grossing movies of all times, holding the 3rd position, with Stars Wars: The Force Awakens, Pirates of the Caribbeans: Dead Man’s Chest, Avengers, as highest-grossing films. If Steven Spielberg was to exit from the contract in 2019, he will be leaving with the sum of $535,000,000 or more. So the longer he stays, Steven Spielberg’s income and net worth will definitely increase.
Steven Spielberg’s net worth has no doubt placed him above his contemporaries like Michael Bay, Robert Zemeckis, Christopher Nolan, David Yates, Peter Jackson, and the list goes on. He has directed one of the highest-grossing movies in the world with a box office earning of $10.541 billion. In this regard, Michael Bay is running behind $2.325 billion, while he is closely followed by Peter Jackson with $2.134 billion.
Steven Spielberg’s Net Worth and What He Spends His Money on
His over fifty-five years of artistry in the movie industry has paid off the consistent and talented filmmaker with a gold mine. Steven Spielberg net worth has been estimated to be a whopping sum of $3.7 billion placings him ahead of his peers in the leagues of billionaire filmmakers.
The veteran filmmaker sure knows how to live large with his acquisition of expensive assets/properties like his 282-foot massive yacht which he bought sometime in 2013 at the sum of $182,000,000. Steven at the time put up the yacht for charter at a monthly cost of $1,200,000. The father of seven later sold the yacht and bought a bigger and more expensive one at the sum of 250,000,000 US dollars. The Yacht is said to be 91 meter that is, 300 foot.
With his arrays of car collections consisting of Chrysler 300 C, Honda CRV, the environmentally friendly, Tesla Model Sedan, and luxurious houses in beautiful high brew locations such as the Oceanview Malibu mansion and another house in Los Angeles California, Pacific Palisades mansion and even the Quelle Farm resort. He sold off his Oceanview Malibu mansion at the sum of $26,000,000.