Jerry Seinfeld probably doesn’t come to mind when you think of celebrities with large money accounts.
However, thanks to various syndication arrangements, the comedian is now on the verge of becoming a billionaire.
And it’s a long cry from his initial beginning salary of $20,000 (£15.6k) per episode for the first series of the sitcom, according to Cosmopolitan.
However, the comedian refused to accept less and reportedly negotiated a deal for $40,000 for seasons two and three, followed by $100,000 each episode beginning with season four.
It’s logical that NBC executives were willing to pay a premium for the lead because the sitcom would swiftly become the most popular show on US television.
However, for seasons seven and eight, Seinfeld received a significant rise, earning $500,000 per episode before signing a new contract for the last season.
By the end of the series, the TV personality was reportedly earning $1 million per episode, with the network pleading for another installment of the beloved show.
Unfortunately, he turned out an additional $5 million each episode because he wanted the show to end on a strong note.
The show was extensively replayed when it went into syndication in 1995, earning Seinfield a remarkable $255 million (£199m) in the decades that followed.
According to a Vulture story from 2014, the show has earned $3.1 billion since it originally went into syndication
The series was then sold to the streaming behemoth Hulu in 2015, who paid $160 million for the rights for five years.
Vanity Fair said at the time that when the series was shifted to Netflix, it cost the streaming service more over $500 million for just five years of screenings.
The site also reportedly negotiated a deal with Seinfeld for his specials, 23 Hours to Kill, and the 2012 series, Comedians In Cars Getting Coffee, which netted him additional $20 million and $100 million, respectively.
According to Cosmopolitan, Seinfeld has made a remarkable $950 million (£769 million) from his different deals, putting him just $50 million short of billionaire status.
You’d think that with his bank account expanding and Seinfeld frequently topping the Forbes Rich List, the comedian would slow down.
However, he has since invested significantly in his outstanding automobile collection, which includes a large number of Porsches, and has over $40 million in numerous properties across the United States.
According to Forbes, his comedy tours are incredibly successful, with him earning $20 million from touring alone in 2020.
So, who knows when he’ll cross the billionaire threshold?
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