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Thursday, Sep 29, 2022

The 50 Wealthiest Angelenos: Frederick ‘Ted’ Field – #41

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

THE MONEY: His Radar Pictures released five features this year but only broke even. Resurgence in capital markets accounted for Field’s year-over-year gain. His 7 million shares of ArtistDirect music-sharing website fell to less than one penny per share, essentially zeroing out long investment.

BUZZ: Sandra Bullock vehicle “All About Steve” was Radar’s top-grossing movie of year, but ranks as one of worst reviewed films of all time. Radar has three films in production and seven more in development. Appeared at premieres of “Steve” and “The Invention of Lying,” another flop. Heir to Marshall Field department store fortune moved to Los Angeles from Chicago at 21. With Jimmy Iovine, co-founded Interscope Records, and discovered Dr. Dre, Nine Inch Nails and Snoop Dogg. During 1980s, he bought, sold Panavision. After Universal Music acquired Interscope for $330 million in 1995, turned to producing movies, earning producer credit on more than 60 features including “The Last Samurai,” and “Three Men and a Baby.” Family’s Marshall Field chain sold in 2006, but recent survey found nearly 80 percent of Chicago shoppers want their old store back.

NET WORTH: $830 million +11%

LAST YEAR: $745 million

AGE: 57

RESIDENCE: Beverly Hills

SOURCE OF WEALTH: Inheritance, music


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