Wealthiest Angelenos: Steven Spielberg

Wealthiest Angelenos: Steven Spielberg

NET WORTH: $3.3 billion +3%

LAST YEAR: $3.2 billion

AGE: 65

RESIDENCE: Pacific Palisades

SOURCE OF WEALTH: Entertainment

THE MONEY: Declining value of 5.2 million DreamWorks Animation shares shaved a bit off legendary director’s fortune, but handsome residuals and new projects more than made up the difference.

BUZZ: Spielberg’s live-action DreamWorks Studios scored $200 million financing from Indian partner Reliance Entertainment, allowing the studio to continue to make about five movies a year.

Shot in the arm followed a mixed year for studio. Period drama “The Help” scored better-than-expected $211 million at international box office, while big-budget action movie “Cowboys and Aliens” disappointed. High hopes remain for the holiday season release of “Lincoln,” with Spielberg directing. Movie mogul has substantially expanded TV portfolio as executive producer of NBC’s “Smash” and TNT’s “Falling Skies.”

With 11 TV and film producer credits to his name last year, Spielberg received the David O. Selznick Award in Motion Pictures from the Producers Guild of America in January.

The Obama backer was on the guest list for fellow DreamWorks co-founder Jeffrey Katzenberg’s high-rolling May fundraiser. A filmmaker since childhood, Spielberg was famously rejected by the USC film school in the 1960s.

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