Net Worth:
$3.1 billion +11%
Last Year:
$2.8 billion
Age:
60
Residence:
Pacific Palisades
Source of Wealth:
Entertainment
The Money:
Spielberg’s holdings are private except for shares of studio spin-off DreamWorks Animation SKG. Received $175 million for his share of the live action studio sold to Paramount. The sale contributed more than half of his income, which has been estimated at $332 million for 2006.
Buzz:
Television and video games are the latest ventures for one of Hollywood’s most successful motion picture directors. Spielberg’s DreamWorks Television has teamed up with Mark Burnett to produce “On the Lot,” which airs on Fox. The reality show has contestants making short films with the winner receiving a meeting with Spielberg, an office at DreamWorks and start-up money for a film. On the video game side, he has an exclusive contract with Electronic Arts to develop three video games. For the 2008 Beijing Olympics, Spielberg has been hired to consult with filmmaker Zhang Yimou on the opening and closing ceremonies. Motion Picture fans need not worry, Spielberg is set to start filming a fourth Indiana Jones movie this summer. On the philanthropic side, the USC Shoah Foundation Institute for Visual History and Education announced that it will expand its collection of testimonies about genocides beyond the Holocaust to record all horrific acts that have taken place worldwide. The Shoah Foundation was founded to preserve memory of the Holocaust after “Schindler’s List.” Spielberg reportedly collects 2 percent of gross sales at Universal parks in Florida, as well as a piece of Universal Studios Japan receipts for consultant work. Big backer of the Democrats, but has not yet chosen a candidate; instead has donated to Clinton, Obama and Edwards 2008 campaigns. Received numerous honors, including being knighted by British Empire.
