Jerry Seinfeld Net Worth

Net Worth$950 Million
Date of Birth29 April 1954
ProfessionComedian
NationalityAmerican
Last Updated2020

Introduction: 

Jerry Seinfeld Net Worth, How did the American comedian and TV star earn his wealth? Read on to find out more about Jerry Seinfeld Net Worth and his career.

Jerry Seinfeld Net Worth

Jerry Seinfeld Early Life

He is an American comedian and TV star. Jerry Seinfeld grew up in Massapequa, New York and he attended State University of New York at Oswego for two years. 

After his second year he transferred to Queens College where he earned a degree in communications and theater. he spent time volunteering in Kibbutz Sa’ar in Israel.

He developed a passion for stand-up comedy while at Queens College and would periodically appear at open-mic nights. After college Jerry spent nearly 15 years grinding out a career as a stand-up comedian before hitting the television jackpot. 

Jerry was in a relationship with Shoshanna Lonstein for four years, starting when she was 17 and still in high school. Jerry met Jessica Sklar at a sports club a few months before she was set to marry a theater producer named Eric Nederlander In 1998. 

Three weeks after returning from her honeymoon, Sklar moved in with Jerry and broke up with her husband. The husband filed for divorce just four months after the wedding. Jerry and Jessica married a year later and have been together ever since. They have three children together

Jerry Seinfeld Career

Jerome Allen Seinfeld was born on April 29, 1954 in ‎Brooklyn, New York. He was a successful touring comic when in May 1981 he had an extremely successful appearance on The Tonight Show Starring Johnny Carson. 

For many years while living in Los Angeles to film Seinfeld, he kept his collection in a hangar at the Santa Monica airport. 

This appearance led to many more appearances on The Tonight Show and other late night programs like Late Night with David Letterman. 

Jerry teamed up Larry David, a one-time writer on SNL In 1989, to create a television pilot for NBC which they originally titled ‘The Seinfeld Chronicles’. 

However, the re-named ‘Seinfeld’ eventually air 180 episodes over 9 seasons and today is considered one of the best shows of all time. It is also one of the most successful shows in television syndication history, generating over $4 billion in revenue to date.

Jerry Seinfeld Net Worth

As of today, Jerry Seinfeld Net Worth is $950 Million. Jerry Seinfeld Net Worth is amassed from his career as a comedian and TV star. 

Jerry earned $20,000 per episode during the show’s 5-episode first season, for a total of $100,000. His per episode pay was doubled to $40,000 for the second and third seasons, for a total of $3.5 million. 

Jerry and Jessica paid a total of $32 million over three transactions to put together a 12-acre oceanfront estate in East Hampton, New York In 2000. 

One of the sellers was Billy Joel. They reportedly then spent several million dollars on renovations that included building a large new house on the property and adding a private baseball diamond in the back of the property ‘Jerry is a massive Mets fan’. The Hamptons property has a 22-car garage.

For seasons 4, 5 and 6, a total of 70 episodes, Jerry earned $100,000 per episode. That equates to $7 million. While the seasons 7 and 8, a total of 46 episodes, Jerry’s per episode salary was boosted to $500 thousand. 

Jerry is one of the largest private collectors of Porsches in the world. He owns a total of around 150 vehicles, of which roughly 45 are Porsches. He spent $1.4 million to acquire a property on the Upper West Side of Manhattan in 2002. 

However, he proceeded to spend another $500 thousand constructing a garage that can house dozens of cars. That equates to $23 million. For season 9 Jerry earned $1 million per episode, totally $24 million for the season ‘which is the same as roughly $38 million after adjusting for inflation’ and he was the first television actor to earn $1 million per episode. 

A record that was quickly broken when Tim Allen was paid $1.25 million the following year for his work on Home Improvement. Jerry earned under $60 million in salary alone. Roughly the same as around $100 million after adjusting for inflation.

The NBC was desperate to have Jerry come back for a 10th season. They reportedly offered him $5 million per episode to produce one more season. That would have generated $100 million for the season. 

In 2005, the Seinfelds spent $4 million for a townhouse in New York City. Their main NYC home is the entire 19th-floor of a building overlooking Central Park. 

He reportedly spent so many years renovating that Upper West Side co-ops boards universally implemented new rules against extended renovations. They call it the ‘Seinfeld Law’.

When the show was first sold into syndication in 1998, it generated $1.7 billion in revenue and left both Jerry and Larry with $255 million windfalls. As of this writing, Jerry and Larry have both earned at least $800 million off Seinfeld between salary, DVD, merchandise and syndication deals. 

Also in 2007, Jerry spent $4.5 million on a warehouse in at the Santa Monica airport, apparently to house cars he still keeps on the West Coast. Also the same year, the couple spent $10 million, over two transactions, to acquire a 27-acre estate in Telluride, Colorado.

Jerry earned $5 million per episode it would still stand today as the highest per episode fee ever paid to a television actor, more than doubling the $1.8 million Charlie Sheen earned at the peak of Two and a Half Men in 2010.

However, the outset of Seinfeld, Jerry and Larry David each owned 7.5% of the show’s backend equity points. At the peak of the show’s success when Jerry and Larry were negotiating new deals with NBC, they were able to double their ownership stake to 15% each. In 2011 they bought a relatively-modest lake home in Vermont, near where Jessica grew up.

Seinfeld sold to Hulu for $180 million in 2015, Jerry and Larry each earned $27 million. In a given year, they earn $40-50 million from syndication sales and show royalties. He sold to Netflix for $500 million in September 2019, both Larry and Jerry earned $75 million.

Between June 2017 and June 2018, Jerry Seinfeld earned $60 million. He earned $40 million between June 2018 to 2019. They listed this property for sale in 2011 for $18.3 million. As of this writing they still own the home.

Summary: 

Jerome Allen Seinfeld is an American comedian and TV star. He was a successful touring comic when in May 1981 he had an extremely successful appearance on The Tonight Show Starring Johnny Carson. 

As of 2020, Jerry Seinfeld’s net worth is $950 Million.

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