Jerry Seinfeld has officially joined the ranks of celebrities who can officially call themselves billionaires.
During the weekend, Bloomberg reported that thanks to royalties, syndication deals and other earnings from “Seinfeld,” which premiered in 1989, Jerry Seinfeld is now worth about $1 billion.
In 2019, Netflix reportedly bought the show’s streaming rights for around $500 million, while other syndication deals were worth another $465 million, including Hulu’s in 2015, at $160 million for five years of rights.
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Seinfeld also boasts an impressive real estate portfolio worth around $40 million, including a home in the Hamptons and a huge apartment in Manhattan’s coveted Central Park West.
A 2020 report from Forbes claimed that Seinfeld had earned over $20 million from his stand-up comedy tours, and that during Seinfeld’s final season in 1998, he was earning $1 million per episode, which made him the highest-paid television actor at the time.
However, a representative from Seinfeld, Amy Jacobs, said so Bloomberg that the report is “inaccurate” without further comment.
“Bloomberg News spoke with more than a half-dozen experts in the fields of entertainment and finance, including investments and television rights valuation, to inform the analysis,” the outlet explained of its Seinfeld asset analysis methodology. “Sitcom licensing earnings were calculated assuming Seinfeld received a 15 percent stake in syndication deals, based on estimates from analysts and bankers.”
“Seinfeld” ran on NBC from 1989 to 1998 for 180 episodes. The “show about nothing” featured four friends in Manhattan and the absurdity of their daily interactions and conversations. The show’s iconic characters continue to be a part of pop culture decades later.
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