Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#297 Steven Spielberg $5.53B

Random fact: Rejected twice from the USC School of Theater, Film and Television.

Overview

Spielberg is the principal partner of DreamWorks Studios, a movie production company. The director's 100-plus feature films have grossed more than $23 billion at the box office and include "Jaws," "Jurassic Park" and "Saving Private Ryan." He also has a theme park consulting agreement with Universal Studios.

As of July 22, 2017:
Last change -$25.0M (-0.5%)
YTD change +$325M (+6.2%)
Industry Entertainment
Biggest asset Cash
Citizenship United States
Age 70
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Steven Spielberg's net worth of $5.53B can buy ...

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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of U.S. existing home sales
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Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

Spielberg's fortune is derived mostly from his earnings directing and producing some of Hollywood's most successful film and television titles. His output includes "Jaws," "E.T.," "Jurassic Park," "Roger Rabbit," and "Twister," as well as the Emmy-award winning TV show "E.R."

He's collected about $2.5 billion in fees and profit participation from his projects, according to an analysis of his film and TV deals from 1974 -- the year before "Jaws" was released -- through October 2016. The total was confirmed by a person familiar with the earnings who asked not to be identified because the information is private.

The billionaire has a consulting agreement with Universal Studios theme parks that lasts in perpetuity, according to an Aug. 25, 2011 S-4 filed by NBC Universal Media, and has been offered "more than $1 billion" to sell his rights to the revenue stream, the person said. It's included as a dividend-paying asset valued at $1.2 billion, which equates to an annual return of between 5 and 7 percent, in line with expected investment returns, according to David Pullman of Los Angeles-based The Pullman Group.

Any profits he may have collected from his equity in DreamWorks SKG haven't been included because details of the transaction weren't disclosed. Proceeds from the sale of 6 percent of publicly traded DreamWorks Animation in 2016 is included in cash and other assets. His compensation is taxed at the top rate for residents of California and appreciated in accordance with global market performance. Costs -- including his divorce from actress Amy Irving in 1989, money he lost investing in his Wunderkinder Foundation with Bernie Madoff in 2009 and his super yacht, Seven Seas -- are deducted. The director's yacht, vehicles and personal real estate are valued using information from local real estate agents and information from trade publications such as Superyacht Times.

Marvin Levy, a spokesman for Spielberg, said the director doesn't comment on his net worth.

Biography

Birthdate: 12/18/1946
Family: Married, 8 children
Education: 2002, California State University Long Beach, Bachelor's Degree

Steven Spielberg was born in Cincinnati, Ohio on Dec. 18, 1946. He took an early interest in film in his teens, making eight-millimeter films with his friends. Spielberg graduated in 1965 from Saratoga High School and attended California State University, Long Beach. He was rejected twice by the University of Southern California School of Theater, Film and Television, according to a March 20, 2015 CNN story. Spielberg later dropped out to pursue a career in entertainment. He returned in 2002 and graduated from Cal Sate University at Long Beach with a bachelor's degree in Film Production and Electronic Arts.

Spielberg directed films throughout the 1960s and spent most of the 1970s working in television, including directing episodes of hit television series such as "Marcus Welby M.D." and "Columbo: Murder by the Book." His mainstream breakthrough came in 1974 with film "The Sugarland Express," starring Goldie Hawn. "Jaws" was released the following year, making him a millionaire and creating the Hollywood tradition of the summer blockbuster. He continued to direct and produce hits throughout the 1980s, including "Indiana Jones and the Raiders of the Lost Ark," "Back to the Future," and "The Color Purple."

He produced a handful of animated series including "Animaniacs" and "Pinky and the Brain" in the early 1990s, and directed "Jurassic Park" in 1993, which briefly held the record as the highest grossing film of all time. That same year, he produced and directed "Schindler's List", for which he won Academy awards for best director and best picture. Spielberg co-founded the production company DreamWorks SKG with Jeffrey Katzenberg, the fomer chairman of Walt Disney Studios, and billionaire David Geffen, a year later. Through the studio he released the critically acclaimed film "Saving Private Ryan" in 1998, winning that year's Academy award for best director.

Closely-held Dreamworks was sold to Viacom's Paramount Pictures in 2006. Geffen left in 2008 and a new ownership structure was formed that included Indian billionaire Anil Ambani.

He's the Founder of the USC Shoah Foundation, which has recorded more than 51,000 testimonies which are now used world-wide for its education mission about the holocaust, and is the chairman emeritus of the Starlight Children’s Foundation.

Spielberg resides in Los Angeles with his wife, actress Kate Capshaw. He has seven children.

Milestones
  • 1946 Steven Spielberg is born in Cincinnati, Ohio.
  • 1969 Drops out of California State College and signs contract with Universal.
  • 1975 Directs "Jaws," which makes more than $100 million, the first film to do so.
  • 1982 Directs "E.T. the Extra-Terrestrial."
  • 1984 Founds Amblin Entertainment.
  • 1993 Wins the Academy Award for Best Director for "Schindler's List."
  • 1994 Establishes the Shoah Foundation Institute to collect Holocaust testimonies.
  • 1998 Wins Academy Award for Best Director for "Saving Private Ryan."
  • 2002 Completes his B.A. in film production 30 years after first enrolling.
  • 2003 Receives a star on the Hollywood Walk of Fame.