Home Comedian Jerry Seinfeld’s Net Worth and How He Makes His Money

Jerry Seinfeld’s Net Worth and How He Makes His Money

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NameJerome Allen "Jerry" Seinfeld
Net Worth$950 million
Annual Income$32 Million
Date of BirthApril 29, 1954
Place of BirthBrooklyn, New York
ResidenceEast Hampton, New York
Nationality
American
OccupationActor
Writer
Voice Actor
Screenwriter
Film Producer
Standup Comedian
Television Producer
Famous ForSeinfeld (Sitcom)
Standup Comedy
RelativesSatire
Deadpan
Black Comedy
Surreal Humor
Cringe Comedy
Observational Comedy
SpousesJessica Sklar (1999-present)
Children3

Introduction

Jerry Seinfeld is the richest comedian on earth. His net worth went from about $350 million in 2010 to a whopping $950 million or almost a billion dollars in just barely a decade in 2019.

The source of his wealth comes from being a professional comedian and producer, particularly when it comes to his sweetheart deals for his highly rated 1990s sitcom, “Seinfeld”.

Jerry Seinfeld’s Life

Jerry was born in Brooklyn, New York but grew up in Massapequa, New York. He attended Massapequa High School in Long Island. Then, when he was 16 years old, he volunteered in Israel as part of the Kibbutz Sa’ar.

He then attended the New York State University in Oswego before transferring to Queens College in his 2nd year, where he graduated with a degree in theater and communications.

Jerry Seinfeld’s Family

His father was Kalman Seinfeld (1918-1985), a Hungarian-Jewish man who collected jokes he heard while serving in the Second World War. His mother, Betty Seinfeld (nee Hosni; 1915-2015) was Mizrahi Jewish with parents from Aleppo, Syria.

Evan Seinfeld, the actor and musician, is his second cousin. He dated a 17-year-old girl in his late thirties and then broke up a newlywed couple in the Nineties to marry Jessica Sklar. They’ve been married for 20 years and have 3 children.

Career

Jerry is an American comedian and television star. For 15 years, he grinded out a career in standup before hitting it big in television with his eponymous show “Seinfeld”. Before that, he ended up regularly appearing on the Tonight Show Starring Johnny Carson and the Late Show with David Letterman.

It was no cake walk to collaborate with co-creator Larry David to make one of the most successful sitcoms in history. He has kept up being busy to this day with his show, “Comedians in Cars Getting Coffee”.

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How Does Jerry Seinfeld Make Money?

Jerry Seinfeld made money initially by doing standup comedy with his signature observational comedy style that’s currently parodied but was ahead of his time when he helped pioneer it. As of 2004, Jerry’s cumulative earnings from Seinfeld the sitcom got him $267 million, playing him as a top celebrity for that year.

He earned $100 million from standup performances and syndication deals in 2004 and an additional $60 million in 2006. He also got money appearing in 2008 Microsoft commercials with Bill Gates to advertise Windows.

Here is a list of Jerry Seinfeld’s money sources.

He earned his keep with his standup shows and appearances in the following.

  • The Tonight Show Starring Johnny Carson
  • The Late Show with David Letterman
  • The Rodney Dangerfield HBO Special
  • Standup Confidential (Jerry’s first one hour HBO special in 1987)
  • I’m Telling You for The Last Time Comedy Special (1998)
  • Jerry Before Seinfeld (2017)

He is a live-action and voice actor that has gotten roles in the following TV shows and films.

  • Benson
  • Seinfeld
  • Saturday Night Live (Host)
  • Comedians in Cars Getting Coffee
  • Inside Amy Schumer
  • The Jim Gaffigan Show
  • Maya & Marty
  • Mystery Science Theater 3000

He has also gotten writing credits for Seinfeld and got producer credits in the following:

  • Hearts and Diamonds
  • Seinfeld
  • Bee Movie
  • Colin Quinn: Long Story Short
  • The Marriage Ref
  • Colin Quinn: Unconstitutional
  • Standup and Away! with Brian Regan
  • Comedians in Cars Getting Coffee

He also starred in Microsoft Windows commercials with Bill Gates back in 2008.

1. Net Worth From 2010 – 2019

  • In 2010, Jerry Seinfeld’s net worth was $350 million.
  • From 2011 to 2015, Jerry Seinfeld’s net worth was $800 million.
  • In 2016, Jerry Seinfeld’s net worth was $850 million.
  • In 2017, Jerry Seinfeld’s net worth was $870 million.
  • From 2018 to 2019, Jerry Seinfeld’s net worth is $950 million.
  • From 2010 to 2011, Jerry Seinfeld’s net worth jumped by a whopping $450 million.

2. How Much Does Jerry Seinfeld Make In A Day?

Based on his annual income of $32 million in 2013 according to Forbes Magazine, Jerry earns $87,671 a day. Across 9 years he was able to rake in $600 million. So on average he made $67 million a year for almost a decade sans expenses. Therefore, he essentially makes about $183,561 a day for 9 years.

What does Net Worth Mean?

What is a Net Worth?

It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.

Formula:

Net Worth = Assets – Liabilities

A little more into Net Worth Concept:

Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)

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Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.

It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.

What does a Net Worth Mean to a person?

In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.

In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.

For example:

Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.

Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
= $370000

Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).

The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
= $475000

Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.

Note that, an individual’s net worth can be negative if his asset base is less than liabilities.

What does net worth mean for celebrities?

Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?

People with considerable net worth as called as HNWI.

Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.

As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.

Is 401k part of net worth?

As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.

What is the average American net worth?

Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.

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As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.

What is a good net worth by age?

Age of HouseholdMedian Net Worth
Under 35 years $6,900
35 to 44 years $45,740
45 to 54 years$100,404
55 – 64 years$164,498
65 – 69 years$193,833
70 – 74 years$225,390
65 – 75 Years$202,950
75 + Years$197,758

What is the net worth of the top 1%, 5%, 10%?

As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth

Houses And Cars Of Jerry Seinfeld

Jerry owns a $50 million estate in East Hampton, a home in Telluride, Colorado, and a Manhattan apartment overlooking Central park. He is also famous for his love of cars, second only perhaps to fellow automobile lover Jay Leno.

He owns a collection of about 150 cars or more cars than can be found in multiple car sales lots. This includes a huge Porsche collection of about 43, according to one tally.

3 Success Lessons From Jerry Seinfeld

1. If you’re good at something, never do it for free.

Jerry was one of the pioneers of observational comedy that helped shape the careers of his contemporaries and successors. He also developed a kind of comedy that mainstream American families could appreciate to this day.

2. Make a name for yourself.

He has reaped the huge benefits of his show, allowing him to do pretty much anything he wants in spite of the box office bomb that was the Bee Movie and controversies regarding his gay jokes among college campuses. Neither of those things hurt his bottom line in the long run.

3. Become an influence.

As a savvy businessman and producer, he remains a fixture among today’s comedy greats, his influence far-reaching.

Famous quotes from Jerry Seinfeld

It takes up enough of my time and interest just working on comedy. I just enjoy it and love doing it. ~Jerry Seinfeld

I do a little thing about the way people shake the sweetener packet. You know, like they’re all excited. I want to get all the granules down to one end. I love all these rituals. ~Jerry Seinfeld

Well, all comedy starts with anger. You get angry, and its never for a good reason, right? You know its not a good reason. And then you try and work it from there. ~Jerry Seinfeld

You can be passionate about anything. ~Jerry Seinfeld

Once you start doing only what you’ve already proven you can do, you’re on the road to death. ~Jerry Seinfeld

 

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