⬅ # 462 Carl Douglas|# 464 Kelcy Warren

# 463 Steven Spielberg 

$6.72B

Real Time Net Worth
as of 5/18/2024

# 463 Steven Spielberg 

$6.72B

Real Time Net Worth
as of 5/18/2024
OccupationCofounder, DreamWorks
Source of WealthMovies
Age77
ResidencePacific Palisades, California
Marital StatusMarried
Children7
EducationBS, California State Long Beach
Age-Adjusted Net Worth$2.13B
Steven Spielberg
Steven Spielberg
United States
Net worth: $6.72B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Steven Allan Spielberg was born on December 18, 1946, in Cincinnati, Ohio, to Leah and Arnold Spielberg.
His family later moved to Haddon Township, New Jersey, in 1952, and then to Phoenix, Arizona, in early 1957.
Spielberg attended Hebrew school and had a bar mitzvah ceremony when he was thirteen.
His interest in filmmaking started early, and at age 12, he made his first home movie involving a train wreck with his toy trains.
He became a Boy Scout and made amateur films, eventually earning the rank of Eagle Scout.
In 1964, Spielberg worked as an unpaid assistant at Universal Studios' editorial department before graduating from Saratoga High School in California in 1965.

Entry Into Filmmaking

Spielberg wrote and directed his first independent film, 'Firelight,' in 1963, which later inspired 'Close Encounters of the Third Kind.'
In 1968, Universal Studios gave him the opportunity to write and direct the short film 'Amblin',' which impressed executives and led to a seven-year directing contract.
He dropped out of college to begin directing television productions for Universal, becoming the youngest director to be signed to a long-term plan with a major Hollywood studio.
Spielberg returned to complete his Bachelor of Arts in Film and Electronic Media at California State University, Long Beach, in 2002.
His chance encounter with a studio executive at Universal Studios led to an unofficial apprenticeship during the summer of 1965, where he spent two months learning and exploring filmmaking.
Sidney Sheinberg, the studio vice president, was impressed by 'Amblin',' which paved the way for Spielberg's professional career.

Career Highlights

Spielberg's breakthrough came with the 1975 blockbuster 'Jaws,' establishing him as a prominent director.
He directed box office successes like 'Close Encounters of the Third Kind' (1977), 'E.T. the Extra-Terrestrial' (1982), and the original 'Indiana Jones' trilogy (1981–1989).
In 1993, he directed back-to-back hits with 'Jurassic Park' and 'Schindler's List,' winning the Academy Award for Best Director for the latter.
His diverse filmography includes historical dramas like 'Lincoln' (2012), adventure films like 'The Adventures of Tintin' (2011), and the musical 'West Side Story' (2021).
Spielberg co-founded Amblin Entertainment and DreamWorks studios, contributing to numerous successful films and television series.
He has received numerous awards and honors, including three Academy Awards, two BAFTA Awards, and the Presidential Medal of Freedom.

Entrepreneurial Ventures

In 1994, Spielberg co-founded DreamWorks studios with Jeffrey Katzenberg and David Geffen.
He co-founded Amblin Entertainment earlier, which became a prominent production company.
A portion of the revenue from ticket sales at Universal theme parks goes directly to Spielberg due to the success of his blockbuster hits like 'Indiana Jones.'
His influence extends to the theme park industry, with his films inspiring attractions and experiences.
Spielberg's ventures have contributed significantly to the entertainment industry's evolution and financial landscape.

How long would it take you to become as rich as Steven Spielberg?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Steven Spielberg's net worth of $6.72B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Steven Spielberg is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Steven Spielberg, Movies is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey