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Steven Spielberg Net Worth: $3.7B.
Who Is Steven Spielberg?
Steven Spielberg is an American film director and producer who has a net worth of $3.7B.
At the current time Spielberg is the second richest celebrity on the planet, behind his friend and fellow film producer George Lucas ($10B).
On top of his significant net worth he earns roughly $150M as a salary every year.
The Early Years
Steven Allan Spielberg was born on December 18, 1946 in Cincinnati, Ohio.
His mother, Leah Posner, January 12, 1920 – February 21, 2017), was a restaurateur and concert pianist, and his father, Arnold Spielberg (February 6, 1917 – August 25, 2020), was an electrical engineer involved in the development of computers.
His family were Orthodox Jewish. Spielberg’s paternal grandparents were Jews from Ukraine, who settled in Cincinnati in the 1900s; his grandmother was from Sudylkiv, and his grandfather was from Kamianets-Podilskyi.
Spielberg has three younger sisters: Anne, Sue and Nancy. In 1952, his family moved to Haddon Township, New Jersey after his father was hired by RCA.
In early 1957, the family moved to Phoenix, Arizona. Spielberg had a bar mitzvah ceremony when he was thirteen. His family was involved in the synagogue and had many Jewish friends.
As as a teenager, a young Spielberg created 8mm short films. At age 12, he made his first movie when he filmed a train wreck involving his toy Lionel trains.
Even back then, Spielberg had the gall to charge 25 cents for the local kids to come and watch his many epics. At the age of 13, Spielberg won an award for his 40-minute film about war called “Escape to Nowhere”.
At the age of sixteen he made his first feature-length film, “Firelight”, which he played at his local cinema. It was a Sci-fi film which would later go on to inspire the classic “Close Encounters of the third kind”.
Unfortunately, his parents eventually divorced and he moved with his father to Saratoga, California where Steven attended and graduated from Saratoga high school.
After graduation he applied to the University of Southern California School of Theater, Film, and Television but was rejected three times.
Instead he attended California State University, Long Beach, where he became part of the Theta Chi Fraternity.
Spielberg’s first professional job came when he was hired to direct one of the segments for the 1969 pilot episode of Night Gallery, written by Rod Serling and starring Joan Crawford.
Crawford was “speechless, and then horrified” at the thought of a young and inexperienced newcomer directing her. Spielberg attempted to impress his colleagues with fancy camerawork, but executives ordered him to shoot it quickly.
His contributions were not well received, thus Spielberg took a short break from the studio.
In the early 1970s, Spielberg unsuccessfully tried to raise finance for his own low-budget films.
He turned to writing screenplays with other writers, and then directing television episodes. These included the series: Marcus Welby, M.D., The Name of the Game (“L.A. 2017”), Columbo, Owen Marshall, Counselor at Law and The Psychiatrist.
Although unsatisfied with this work, Spielberg used the opportunity to experiment with his techniques and learn about filmmaking. The director earned good reviews and impressed producers; he was earning a steady income and relocated to Laurel Canyon, Los Angeles.
In 1974, Spielberg made his debut in a theatrical film, The Sugarland Express, about a married couple on the run, desperate to regain custody of their baby from foster parents.
Based on a true story, the film would mark the first of many collaborations with composer John Williams; the director was impressed with his previous soundtracks.
Producers Richard D. Zanuck and David Brown took a chance with Spielberg, and gave him the opportunity to direct Jaws (1975), a horror-thriller based on the Peter Benchley novel of the same title.
In the film, a great white shark attacks beachgoers at a summer resort town, prompting police chief Martin Brody (Roy Scheider) to hunt it with the help of a marine biologist (Richard Dreyfuss).
Against expectations, the film was a critical success; Jaws won three Academy Awards, in Best Film Editing, Best Original Dramatic Score, and Best Sound, and grossed more than $470 million worldwide.
It also set the domestic box office record, leading to what the press described as “Jawsmania”, and making Spielberg a household name.
A year later, Spielberg went back to the science fiction genre when he directed E.T., the Extra-Terrestrial, a film about a young boy and the friendly alien he befriends.
E.T. went on to become the top-grossing film of all time, and was nominated for nine Oscars. Between 1982 and 1985, Spielberg produced three incredibly high grossing and acclaimed films: Poltergeist (he also co-wrote the screenplay), The Twilight Zone, and The Goonies, for which he also wrote the story the screenplay was based on and executive produced the film.
Next up, Spielberg directed the Raiders prequel Indiana Jones and the Temple of Doom, again teaming up with George Lucas and Harrison Ford.
This movie, along with the Spielberg-produced Gremlins, led to the creation of the PG-13 rating. The movie was a huge 1984 blockbuster. 1985 saw Spielberg’s release of an adaptation of Alice Walker’s Pulitzer Prize-winning novel, The Color Purple, starring Whoopi Goldberg and Oprah Winfrey.
The film helped catapult Spielberg into the dramatic genre, with Roger Ebert announcing it the best film of the year and later entering it into his Great Films archive. The movie was nominated for eleven Oscars.
In 1987, Spielberg shot Empire of the Sun, the first American film in Shanghai since the 1930s. While it didn’t garner substantial box office wins, it was critically acclaimed and nominated for several Academy Awards.
After a brief setback in which the director felt “artistically stalled”, he returned in 1991 with Hook, about a middle-aged Peter Pan, played by Robin Williams, who returns to Neverland.
During filming, Williams, co-stars Dustin Hoffman and Julia Roberts clashed on set due to their personalities; Spielberg told the 60 Minutes program that he would never work with Roberts again.
At the box office, it earned over $300 million worldwide from a $70 million budget.
In addition to the box office acclaim he has also seen critical acclaim and awards.
Spielberg has won three Academy Awards, two of them for directing (1993’s Schindler’s List and 1998’s Saving Private Ryan, both of which are consistently found on lists of the greatest films of all time,) and one for Best Picture (Schindler’s List).
His films are consistently nominated for Best Picture and Best Director and Spielberg continues to produce and direct films to this day.
Earnings & Salary
Steven frequently opts for a lowish upfront salary, $10 million, in exchange for backend points on the gross revenue.
One such deal for 1993’s “Jurassic Park”, resulted in a $250 million payday for Steven. That’s the same as roughly $360 million in today’s dollars.
He earned at least $150 million from the sequel and $75 million from the third installment, which he did not even direct.
He refused to accept any salary for “Schindler’s List”, deeming any money earned “blood money”.
He instead directed all proceeds owed to him in perpetuity be used to fund the USC Shoah Foundation in 1994 which honors and remembers Holocaust survivors.
Steven and his wife Kate own at least $200 million worth of real estate.
For many years they owned a 1.4-acre slice of Malibu’s most-coveted beachfront. They bought the first of the parcels that became their final property, back in 1989 for $3.375 million.
They expanded their footprint in 2002, purchasing the lot next door for $3.2 million. They sold the property, which has 150 feet of ocean frontage, in 2015 for $26 million.
Their longtime primary residence, which they still own today, is an incredible 5-acre multi-home compound in the Pacific Palisades. Not far from their home, they also own an equestrian facility.
On the east coast they own a 6,000 square-foot New York City apartment that directly overlooks Central Park West.
Out in East Hampton, they own a 10-acre estate that is partially oceanfront and partially on a cove.
The Spielberg compound encompasses 7.5 acres. In 2013, a nearby 5.5 acre property was put on the market for $75 million by a woman named Courtney Ross.
The Spielbergs also own multiple other Hamptons properties and property in Naples, Florida. Steven has also bought several properties for his children in Los Angeles and surrounding areas.
Top 5 Steven Spielberg Quotes
All good ideas start out as bad ideas, that’s why it takes so long. – Steven Spielberg
I don’t dream at night, I dream at day, I dream all day; I’m dreaming for a living. – Steven Spielberg
Whether in success or in failure, I’m proud of every single movie I’ve directed. – Steven Spielberg
My imagination won’t turn off. I wake up so excited I can’t eat breakfast. I’ve never run out of energy. – Steven Spielberg
All of us every single year, we’re a different person. I don’t think we’re the same person all our lives. – Steven Spielberg
Steven Spielberg is an American film producer and director and his net worth stands at $3.7B.
Spielberg is the second richest celebrity in the world and earns an annual salary of $150M.
He has produced many famous films such as Jaws, ET, Indiana Jones and many more.
As of 2021, Steven Spielberg’s net worth is $3.7B.
What do you think about Steven Spielberg’s net worth? Leave a comment below.
Disclaimer: This information is correct to the best of our knowledge. If you think any information is incorrect about Steven Spielberg’s net worth, let us know and we will update it. Info collated from Wikipedia & Celebrity Net Worth.