The 50 Wealthiest Angelenos: Steven Spielberg – #7

0
The 50 Wealthiest Angelenos: Steven Spielberg – #7
Spielberg with 2009 Liberty Medal in Philadelphia

The money and the buzz on each of L.A.’s wealthiest.

THE MONEY: Hollywood’s most famous director derives annual income estimated at more than $130 million from past hits. Watched 5.4 million shares of DreamWorks Animation jump to $214 million as stock price rose by nearly two-thirds. Most of wealth in private investments that got boost as economy began turnaround.

BUZZ: Spielberg’s DreamWorks producing big-budget sci-fi film “Reel Steel,” starring Hugh Jackman, first film for company since divorcing from Paramount in 2008. Spielberg running DreamWorks with longtime partner Stacey Snider after nailing down $825 million financing from Indian company Reliance Entertainment, J.P. Morgan and Disney. Moonlights as video game developer, with puzzle game “Boom Blox” winning several awards last year. Scored big as executive producer of “Transformers: Revenge of the Fallen,” which grossed $836 million worldwide in 2009. Reportedly brings in $30 million each year from consulting deal with Universal Studios theme parks. Invited by President Obama for movie night at the White House to screen HBO series “The Pacific,” which he co-executive produced with Tom Hanks.

NET WORTH: $3.1 billion +7%

LAST YEAR: $2.9 billion

AGE: 63

RESIDENCE: Pacific Palisades

SOURCE OF WEALTH: Entertainment

No posts to display