Jerry Seinfeld is a stand-up comedian, actor, producer, and writer from the United States. Seinfeld is best known for playing himself in the Larry David and himself-created sitcom Seinfeld.
Quick Facts about Jerry Seinfeld
|Born:||April 29, 1954|
|Height:||1.80 m (5 ft 11 in)|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional Comedian|
Early Years of Jerry Seinfeld
Jerry Seinfeld was born in Brooklyn, New York, on April 29, 1954. His upbringing was in Massapequa, New York. Two years were spent at the State University of New York at Oswego.
After his sophomore year, he transferred to Queens College, where he received degrees in communications and theater. While attending Queens College, he developed a passion for stand-up comedy and would occasionally perform at open-mic nights.
Jerry spent nearly 15 years as a stand-up comedian after graduating college before achieving success on television. He was a successful stand-up comedian on the road in May 1981 when he appeared on The Tonight Show Starring Johnny Carson.
This appearance led to numerous subsequent appearances on The Tonight Show and other late-night programs, such as Late Show with David Letterman.
In 1989, Jerry partnered with Larry David, a former writer for Saturday Night Live, to create a pilot for NBC titled “The Seinfeld Chronicles.” The renamed “Seinfeld” eventually aired 180 episodes over nine seasons and is now regarded as one of the greatest television series of all time.
It is also one of the most profitable shows in the history of television syndication, generating over $4 billion to date.
Jerry’s Seinfeld Salary
During the first season of the show, Jerry earned $20,000 per episode, for a total of $100,000. In the second and third seasons, he was paid $40,000 per episode, for a total of $3.5 million. For a total of 70 episodes spanning seasons 4, 5, and 6, Jerry earned $100,000 per episode. This is equivalent to $7 million. For seasons 7 and 8, a total of 46 episodes, Jerry’s salary per episode was increased to $500,000 per episode.
This totals $23 million. For season nine, Jerry earned $1 million per episode, for a total of $24 million (equivalent to approximately $38 million after adjusting for inflation). He was the first actor to earn $1 million per episode on television. The record was quickly surpassed the following year when Tim Allen was paid $1.25 million for his work on Home Improvement.
Jerry earned just under $60 million in salary alone, according to a total calculation. Approximately equivalent to approximately $100 million after adjusting for inflation.
NBC was eager for Jerry to return for a tenth season. According to reports, he was offered $5 million per episode to produce a new season. That would have generated one hundred million dollars for the season. Had Jerry earned $5 million per episode, it would still be the highest per-episode fee ever paid to a television actor, more than doubling the $1.8 million Charlie Sheen earned in 2010 at the height of Two and a Half Men.
Jerry Seinfeld’s Net Worth
Jerry Seinfeld is a comedian, television producer, actor, and collector of automobiles. According to celebritynetworth.com, The net worth of Jerry Seinfeld is $950 million. Jerry amassed the majority of his fortune from the syndication royalties of the sitcom “Seinfeld,” which has proven to be one of the most profitable shows in television history.
Jerry owns 15% of the backend equity points for the show. In addition to earning a fortune from his base salary while the show was airing, he has earned exponentially more in subsequent years from global syndication sales.
Jerry and Larry David each owned 7.5% of the show’s backend equity points from the beginning. At the height of the show’s popularity, as Jerry and Larry negotiated new deals with NBC, they were able to increase their ownership stake to 15% each. In 1998, when the show debuted in syndication, it generated $1.7 billion in revenue. This resulted in each Jerry and Larry receiving a $255 million windfall.
Jerry and Larry have earned at least $800 million from Seinfeld between salary, DVD, merchandise, and syndication deals as of this writing. In 2007, Larry’s divorce from Laurie Lenard resulted in a halving of his net worth.
Jerry and Larry each earned $27 million in 2015 when Seinfeld was sold to Hulu for $180 million. They earn $40 million to $50 million per year from syndication sales and show royalties. Jerry Seinfeld earned $60 million between June 2017 and June 2018. From June 2018 to June 2019, he made $40 million.
In September 2019, when Seinfeld was sold to Netflix for $500 million, Larry and Jerry each earned $75 million.
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What’s the Interesting Thing About His Personal Life?
Jerry dated Shoshanna Lonstein for four years, beginning when she was 17 years old and still in high school. He was 38. In 1998, Jerry met Jessica Sklar at a sports club a few months prior to her wedding to Eric Nederlander, a theater producer.
Sklar moved in with Jerry three weeks after returning from her honeymoon and divorced her husband. Four months following the wedding, the husband filed for divorce. One year later, Jerry and Jessica wed and have been together ever since. Together, they have three children.
Jerry Seinfeld’s Automobile Collection
Jerry is one of the world’s largest private collectors of Porsches. He owns approximately 150 automobiles, 45 of which are Porsches. While living in Los Angeles to film Seinfeld, he stored his collection in a hangar at the Santa Monica airport for a number of years.
In 2002, he spent $1,400,000 to acquire a property on Manhattan’s Upper West Side. He then spent an additional $500,000 building a garage that can house dozens of automobiles.