Steven Spielberg Net Worth

Steven Spielberg is a famous American film director and producer whose work includes such well-beloved films as Jaws and Saving Private Ryan and the Indiana Jones series of films. Spielberg has created so many wildly successful blockbusters that his net worth makes him the second richest entertainment celebrity in the world, after his occasional creative collaborator, George Lucas.

Spielberg made his fortune by taking a relatively low salary if one can think of $10,000,000 as a modest fee. Instead, he reserves the right to a percentage of the profit from the film’s distribution and merchandising. The first installment of Jurassic Park, released in 1993, earned Spielberg $250 million in profits.

Who is Steven Spielberg?

Steven Spielberg was born on December 18, 1946. He is the son of Arnold Spielberg, an electrical engineer, and Leah Posner. Spielberg graduated from Saratoga High School in 1965. He applied to the University of Southern California but was rejected by its film department for poor grades. He attended California State University, Long Beach.

Spielberg married actress and singer Amy Irving in 1985. They subsequently divorced in 1989, in what was described as one of the most expensive divorce settlements in history, valued at the time at $100 million. Spielberg married actress Kate Capshaw in 1991. 

How did Steven Spielberg begin his filmmaking career?

In 1968, Universal Studios hired Spielberg to direct a short film for theatrical release. Universal’s vice president Sidney Sheinberg offered Spielberg a contract, making him the youngest director to work for a major studio. Spielberg dropped out of college and only finished his degree in 2002.

In 1969, Spielberg directed a segment of the pilot episode of Rod Sterling’s Night Gallery. Joan Crawford, slated to appear in the segment, was initially dubious of his ability but soon realized that Spielberg was a rare talent and told Serling that he had been right to hire Spielberg to work on the segment. As a scriptwriter for Universal’s television division included writing episodes of Marcus Welby M.D. and Columbo.

What are some of Steven Spielberg’s most famous movies?

Spielberg has produced or directed most of the successful summer blockbuster films of the last half-century. His credits include 1941, Jaws, Lincoln, and War Horse. His work in science fiction includes films like E.T., the Extra-Terrestrial, AI: Artificial Intelligence, and War of the Worlds.

He has also produced or directed the Indiana Jones series of films, including Raiders of the Lost Ark, the Raiders prequel Indiana Jones and the Temple of Doom, and Indiana Jones and the Kingdom of the Crystal Skull. Another installment of the Indiana Jones franchise is in production.

The Color Purple, starring Whoopi Goldberg and Oprah Winfrey, was based upon the novel by acclaimed writer Alice Walker.

Historical dramas set in World War II include Saving Private Ryan, Schindler’s List, and Empire of the Sun. Spielberg worked with Tom Hanks to produce the television miniseries The Pacific.

What awards has Steven Spielberg won?

Steven Spielberg has been nominated for several Academy Awards by the American Academy of Motion Picture Arts and Sciences. He has won three Academy Awards. In 1994, Schindler’s List received the Academy Awards for Best Picture and Best Director. In 1999, Saving Private Ryan received the award for Best Director. Spielberg’s most famous movies have also been nominated for Academy Awards. Close Encounters of the Third Kind, Raiders of the Lost Ark, The Color Purple, and E.T. The Extra-Terrestrial were nominated for Best Picture or Best Director. In 2022, Spielberg’s West Side Story remake was nominated Best Picture and Best Director.

Spielberg has also received twelve Emmy Awards and seven Golden Globe Awards.

He received the Presidential Medal of Freedom from President Obama in 2015.

What Charitable Work has Steven Spielberg Done?

Spielberg refused to take any salary or profit from his work on the film Schindler’s List. Instead, he donated all the money he earned to the USC Shoah Foundation, which is dedicated to the study and memory of Holocaust survivors.

Where does Steven Spielberg live?

In 1985, Spielberg purchased a home sitting on 3 acres in Pacific Palisades while working on The Color Purple. The house, which adjoins a state park, had become somewhat run-down. In its heyday, however, it had been home to Douglas Fairbanks, Jr., Cary Grant, Barbara Hutton, Bobby Vinton, and David O. Selznick. Spielberg paid $6.5 million for the property. Spielberg already had another house in Malibu, which he sold in 2015, for between $26 and $35 million. Before disposing of the house, Spielberg and his wife, Kate Capshaw, rented the house for $125,000 a month. Spielberg maintains another house in the Hamptons in New York.

In addition to several houses, Spielberg owns at least one yacht. In 2013, he purchased a 282-foot-long yacht, The Seven Seas, for $182 million. He subsequently decided to lease the yacht for private charters at $1.2 million per month. It has been listed for sale. Spielberg has ordered a larger yacht, 300 feet long, to replace it. The new vessel’s cost is estimated to be more than a quarter of a billion dollars.

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