43. Jeffrey Katzenberg

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43. Jeffrey Katzenberg

Net Worth: $2 B

LAST YEAR: $2.1 B
CHANGE: -4.8%
AGE: 71
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Entertainment/media

THE MONEY: Much of the entertainment industry executive’s net worth derives from the $3.8 billion sale of DreamWorks Animation to Comcast in 2016 as well as other investments. Katzenberg co-founded DreamWorks in 1994 as DreamWorks SKG in partnership with Steven Spielberg and David Geffen. The company sold to Paramount 10 years later for $1.6 billion. In April, Katzenberg’s latest venture, WndrCo Holdings, was looking to raise $450 million in private equity for its second fund.

THE BUZZ: In October, Katzenberg’s experiment with short-form entertainment for mobile devices, Quibi, (as in quick bites), shut down just six months after the service launched and more than $1.75 billion was raised. At the time, Katzenberg’s partner on the project, Meg Whitman, said they had enough capital to continue operating, but they made the decision to close and return cash to their shareholders. One of the youngest studio heads in Hollywood history, Katzenberg was named president of Paramount Pictures at age 31. He became chairman of Walt Disney Studios, where he oversaw animated feature films such as “The Little Mermaid,” “Aladdin” and “The Lion King.”

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