How Did Steven Spielberg Make His Money
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Steven Spielberg is one of the wealthiest filmmakers in the world. Take a look at what the billionaire's life is really like, from his $184 million yacht to his 28-year marriage.
Updated
2020-03-02T18:22:00Z
He's the principal partner of movie production studio DreamWorks Studios, which he cofounded in 1994 alongside Jeffrey Katzenberg and David Geffen.
Source: Amblin
Spielberg is also one of the richest people in Hollywood.
Forbes estimates Spielberg's net worth to be $3.6 billion, while Bloomberg's Billionaires Index puts it at a much higher $6.18 billion.
Most of Spielberg's wealth has come from his films, but he's also a consultant for Universal theme parks.
He also profited from the sale of DreamWorks Animation to NBCUniversal for $3.8 billion in 2016, according to Forbes.
He sometimes made horror films with his younger sisters.
Source: CNN
Spielberg's first feature film was "Firelight," which was released in 1964.
IMDb describes the storyline as "menacing flying saucers attack the citizens of a town."
Spielberg attended college at the California State University, Long Beach after being rejected from the University of Southern California (USC) School of Cinema Arts twice.
Source: CNN
He later dropped out of college after he was offered a job at Universal Studios, but he came back and finished his bachelor's degree in Film Production and Electronic Arts in 2002.
Source: Bloomberg
Spielberg became a prominent figure in Hollywood after the release of his 1975 movie "Jaws," which is considered the first "summer blockbuster."
Source: CNN
It made $60 million within the first month that it was in theaters.
Source: CNN
Spielberg went on to direct mega-hits including "E.T. The Extra-Terrestrial," about a gentle alien who becomes stranded on Earth, as well as "Jurassic Park" and "Schindler's List."
Source: Amblin
In 1998, "Saving Private Ryan" won Spielberg that year's Academy Award for best director.
Source: Bloomberg
In 1981, Spielberg released "Indiana Jones: Raiders of the Lost Ark," starring Harrison Ford, which was the year's highest grossing film.
Source: IMDb
On the set of the sequel, the 1984 film "Indiana Jones and the Temple of Doom," Spielberg met and became close with actress Kate Capshaw.
Source: IMDb
In the film, Capshaw played cabaret singer Willie Scott, the female lead, alongside Harrison Ford.
Source: IMDb
Spielberg and Capshaw married in 1991 and will celebrate their 29th anniversary in October 2020.
Source: IMDb
Several of the Spielberg children are involved in creative industries.
Theo, who was adopted in Capshaw's previous marriage, and Sasha formed an indie folk rock band called Wardell in 2012 and have since toured with Ryan Adams and opened for Vampire Weekend, Grimes, and Haim, according to Vanity Fair.
Spielberg's daughter, Destry Spielberg, dropped her last name to pursue acting, and now goes by Destry Allyn.
Source: Town and Country Magazine
"I grew up around [the film industry], so I was like, 'I'm going to stay away,' but I ended up falling in love with it," Destry Allyn told Town and Country Magazine in a 2018 interview.
Source: Town and Country Magazine
Spielberg is the stepfather of actress Jessica Capshaw, his wife's daughter from a previous marriage.
Source: People
Jessica Capshaw is an actress known for her role as Arizona Robbins in the medical drama "Grey's Anatomy."
Source: IMDb
Spielberg is also the godfather of two Hollywood superstars: Drew Barrymore and Gwyneth Paltrow.
Source: Vanity Fair
Paltrow, who had a small role in Spielberg's 1991 movie "Hook," is also his goddaughter.
Source: IMDb
Spielberg and his wife live in Pacific Palisades, an upscale residential neighborhood with ocean views and hiking trails.
Source: Patch, Compass
Their home is a tile-roofed stucco mansion they bought in the late 1990s. It sits on a three-acre hillside and counts "Gone with the Wind" producer David O. Selznick and actor Cary Grant among its former owners.
Source: Architectural Digest
Spielberg and his wife have accumulated a sizable real-estate portfolio across the country.
In 1989, they bought a property in Malibu and later bought an adjacent property in 2000 for a total of $6.57 million. They sold the spread for $26 million in 2015.
The Spielbergs own a vacation home in Georgica Pond, a coveted area of the Hamptons in New York.
Source: Curbed
Their Hamptons neighbors reportedly include Beyoncé and Jay-Z and billionaire Ronald Perelman.
Source: Architectural Digest
In the late 1990s, President Bill Clinton and First Lady Hillary Clinton spent at least two weekends at the Spielbergs' Hamptons home.
Source: Reuters
Spielberg has also owned property in New York City.
Source: Curbed
At one point, he owned a condo in the trendy Tribeca neighborhood in a star-studded building that has counted Taylor Swift, Orlando Bloom, and Peter Jackson among its celebrity residents.
Source: Curbed
Spielberg has been seen driving around Los Angeles in a Tesla Model S ...
Source: Daily Mail
... and he's reportedly an avid video game player in his spare time.
Source: Den of Geek
Over the years, Spielberg's films have earned him more than 190 awards and more than 200 nominations.
Source: IMDb
He won his first Oscar for 1993's "Schindler's List," which won both Best Picture and Best Director.
Source: IMDb
He went on to win another Oscar for "Saving Private Ryan," as well as nominations for "War Horse," "Lincoln," and "The Post."
Source: IMDb
He was awarded a star on the Hollywood Walk of Fame in 2003.
Source: HWOF
And in 2015, Spielberg was awarded the Presidential Medal of Freedom by President Barack Obama.
Source: CNN
Spielberg is Jewish and has spoken publicly about how he was bullied for his religion as a child.
It's partially what led him to found the USC Shoah Foundation in 1994 to videotape and preserve interviews with Holocaust survivors and witnesses. The foundation has collected 115,000 hours of video testimony.
For you
How Did Steven Spielberg Make His Money
Source: https://www.businessinsider.com/steven-spielberg-net-worth-lifestyle-career-home-photos-2019-6
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