You have probably heard that Jerry Seinfeld is one of the best paid comedians in the world, thanks to a long career and the record-setting success of Seinfeld, the sitcom he created with Larry David. Seinfeld is the kind of money that most of us could never see. But how does he earn his money now, Seinfeld is long gone? And what is his net worth?
Further on, discover everything you need to know about Jerry Seinfeld’s assets and how he earns his money.
Jerry Seinfeld is one of the highest-paid comedians in the world
Jerry Seinfeld is one of the best-paid comedians in the world. In fact, he was at the top of 2017 in the list of best paid comedians of Forbes and earned $ 69 million between June 2016 and June 2017. “Seinfeld thanked Netflix for much of his eight-figure salary (and also contributed to: those Seinfeld syndication checks),” Forbes showed at the time.
The publication typified Netflix deals, as signed by Jerry Seinfeld as “the new golden ticket for those who were on their way to the millions.” Netflix is said to have agreed to pay $ 100 million for a few Seinfeld specials, plus the full library of comedians in Cars Getting Coffee. And as the only executive producer of the show, Seinfeld is likely to keep almost all profit participation in the show.
Plus, Seinfeld’s net worth is staggering
As you would expect for someone who made $ 69 million in one year, the net worth of Jerry Seinfeld is pretty impressive. Celebrity Net Worth puts Jerry Seinfeld’s net assets at $ 950 million, thanks in part to what the publication characterizes as ‘the most successful TV show of all time’.
A large part of Seinfeld’s income and wealth comes from his show of the same name and his many years of syndication. But as the publication shows, Seinfeld is not the only one contributing to the dazzling net assets of Jerry Seinfeld. Seinfeld is also a best-selling author and a public speaker. And he also had a number of lucrative endorsement deals, including a $ 10 million deal to create ads for Microsoft in 2008.
Much of Seinfeld’s net worth came from his eponymous show
Bankrate reports that after Jerry Seinfeld he spent 15 years as a stand-up comedian, he made the pilot for Seinfeld together with Larry David. The “show about nothing” was broadcast for nine years and the publication reports that “it accounts for the vast majority of Jerry Seinfeld’s equity balance and has made him one of the richest entertainers in the industry.” One of the things is the dazzling salary that Seinfeld made on the show.
In 1997, Entertainment Weekly characterized the stars of Seinfeld as “the best-paid cast in TV history.” Friends would later break the record in 2002, when NBC decided to pay one of the six cast members of Friends $ 1 million an episode. But the salaries that the Seinfeld stars made are still incredible. During the ninth season of the show, Jerry Seinfeld earned $ 1 million per episode. That’s what his fellow stars have asked for – in part to make up for the fact that they didn’t have a share in the show, like Seinfeld, and didn’t get a share in the royalties generated by the sitcom – but they all got paid $ 600,000 per delivery.
Seinfeld makes a lot of money from reruns
Because Julia Louis-Dreyfus, Jason Alexander and Michael Richards have no stake in Seinfeld, they do not earn much money from repetitions of the sitcom. But that is not the case for Jerry Seinfeld. CNBC reports that Jerry Seinfeld earns money with the show because he has an interest in Seinfeld.
“As one of the makers of the show, he gets a share of the show’s lucrative and ongoing syndication deals,” explains CNBC. Those deals “have estimated to have yielded more than $ 3 billion since 1995.” As for Seinfeld, personally, about those deals? “The cutbacks of Seinfeld amount to a whopping $ 400 million in that period,” CNBC noted in 2015. That means that Seinfeld earned his namesake comedian at least $ 440 million. It also doesn’t hurt that Hulu paid $ 160 million in 2015 for the rights to the complete Seinfeld catalog.
He could have made another season of Seinfeld
CNBC reports that Jerry Seinfeld reportedly rejected over $ 100 million – $ 5 million per episode – to produce a tenth season of Seinfeld in the late 1990s. By the ninth season, Seinfeld earned about $ 1 million for each episode . And his three co-stars at Seinfeld made around $ 600,000 each.
Seinfeld, however, is probably not worried about passing that chance. As Forbes reports, Seinfeld’s deal with Netflix includes 24 new episodes of comedians in Cars Getting Coffee and the two stand-up specials. But interestingly, the Seinfeld deal also provided a development role, which helped the streaming service with scripted and unscripted shows. That could mean a big payday in the future.
“It’s hard to figure out how Netflix compensates Seinfeld for the development of future series,” says Forbes, “because it depends on the budgets of the series, as well as Seinfeld’s role in it. If he doesn’t creating stars only in a scripted comedy, his payday could rise double digits. “