Net Worth: $2.1 B
LAST YEAR: 2
CHANGE: 5%
AGE: 72
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. He reportedly mortgaged his home and borrowed money to make a $33 million investment in DreamWorks SKG. The company was sold to Paramount 11 years later for $1.6 billion.
THE BUZZ: In October of 2021, 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 had made the decision to close and return cash to shareholders. Katzenberg was named president of Paramount Pictures at age 31. He has received a Palme d’Or from the Cannes Film Festival and the Motion Picture Academy’s Jean Hersholt Humanitarian Award.