| Net Worth: | $900 Million |
|---|---|
| Date of Birth: | December 21, 1950 (74 years old) |
| Gender: | Male |
| Profession: | Television producer, Businessperson, and Film Producer |
| Nationality: | United States of America |
What is Jeffrey Katzenberg’s Net Worth and Salary?
Jeffrey Katzenberg is an American Television film producer, and businessman who has a net worth of $900 million. He is the founder of the 2018 short-form streaming platform Quibi and former CEO of the Walt Disney Company.
Jeffrey is also the former director of DreamWorks Animation, As a result of a number of box office successes while working for Disney, he has long been one of the highest-paid producers in Hollywood.
When Dreamworks Studios was sold to Comcast for $3.8 billion in 2016, he, Steven Spielberg, and David Geffen received their greatest career payout. The deal brought in $420 million for Jeffery Katzenberg personally.
Childhood and Education
On the 21st of December 1950, Jeffrey Katzenberg was born in New York City. His mother Anne was an artist, and his father Walter was a stockbroker.
Jeffery attended Ethical Culture Fieldston School in 1969.
Early Career
While working as a producer’s assistant for David Picker, Jeffery Katzenberg began his career in the entertainment business.
When he was hired as Barry Diller’s assistant in 1974, he advanced up the corporate ladder. After that, Diller gave Katzenberg various jobs at the company and sent him to the marketing division of Paramount Pictures.
Then, in the latter half of the 1970s, Katzenberg was given the task of reviving the “Star Trek” series. He kept climbing the ranks at Paramount Pictures, and under the leadership of the studio’s president, Michael Eisner, he was able to advance to the position of president of the production.
Disney
In 1984, Eisner and Jeffery Katzenberg joined The Walt Disney Company as the company’s CEO. He appointed Jeffery to lead Disney’s motion picture branch, where he was responsible for rebuilding the studio, which at the time had the lowest box office performance among major studios.
Jeffery altered the studio’s efforts in order to make adult-oriented comedies like “Down and Out in Beverly Hills” (1986), “Three Men and a Baby” (1987), and “Good Morning, Vietnam” (1987). His efforts were successful, and by 1987 Disney was the leading studio at the box office after rising to the top.
Jeffery Katzenberg worked on a number of additional projects at Disney throughout the 1980s and the early 1990s. For instance, he was in charge of the Touchstone Television division, which created popular television programs like “Golden Girls” and “Home Improvement.”
The faltering Feature Animation unit was also taken over by him, and under his leadership, it started to flourish.
The animation department later went on to produce some of Disney’s most well-known and acclaimed animated films, including “Who Framed Roger Rabbit” (1988), “The Little Mermaid” (1989), “Beauty and the Beast” (1991), “Aladdin” (1992), and “The Lion King” (1994).
After leaving Disney, Katzenberg teamed up with Steven Spielberg and David Geffen to form the production company DreamWorks SKG in the late 1990s.
Jeffery Katzenberg oversaw the animation department and served as an executive producer on a number of well-known DreamWorks animated features, such as “The Prince of Egypt” (1998), “The Road to El Dorado” (2000), “Joseph: King of Dreams” (2000), “Shrek” (2001), “Spirit: Stallion of the Cimarron” (2002), and “Shrek 2.” (2004).
He played a significant role in the studio’s decision to switch from conventional animation techniques to computer-generated animation in the wake of a $125 million loss on the traditionally animated picture “Sinbad: Legend of the Seven Seas” (2003).
Dreamworks was sold to Comcast-Universal in 2016 for $3.8 billion by Katzenberg, Spielberg, and Geffen. He received a $420 million personal profit from the sale.
Quibi
The video streaming service Quibi, Katzenberg’s latest project, was revealed before the end of 2018. Together with Meg Whitman, the previous CEO of eBay, he developed the platform; she later joined Quibi as the company’s CEO and became its first employee.
In 2018, the business raised $1 billion from a number of investors, including The Walt Disney Company, 21st Century Fox, NBCUniversal, Sony Pictures, Time Warner, Viacom, Lionsgate, MGM, Goldman Sachs, JPMorgan Chase, Alibaba Group, and ITV.
On April 6, 2020, Quibi made its official entrance into the US and Canada. In Australia, Germany, and the United Kingdom, an ad-free version was made accessible on the same day.
Personal Life
Marilyn Siegel, a kindergarten teacher, and Jeffery Katzenberg were married in 1975. Laura and David are their two children together. David, who is their son, works as a producer and director for television.
Together, Jeffery Katzenberg and his wife have taken on a lot of charity initiatives and undertakings. For instance, the Marilyn and Jeffrey Katzenberg Center for Animation at the University of Southern California and the multimillion-dollar Katzenberg Center at Boston University’s College of General Studies are two examples of their contributions.
In addition to his philanthropic efforts, Katzenberg is involved in politics. Since 1979, he is said to have given more than $3.5 million to political causes.
Less than 1% of that $3.5 million went to Republicans, 33% went to Democrats, and 66% went to non-partisan special interest groups.
Since at least 2004, he has been a lifelong supporter of Barack Obama, and in 2006, he publicly declared his support for Obama should he decide to run for president.
Since then, Jeffery has actively supported both of Obama’s presidential campaigns by planning numerous fundraisers, including one in 2012 that generated $15 million at actor George Clooney’s residence.
Real estate
A Beverly Hills mansion with more than 6 acres was purchased by Jeffrey in 2010 for $35 million. He demolished the existing building and reportedly erected a magnificent home on his own.
The word “rumored” refers to the lack of any photographs of it. This house would probably be worth $50 to 70 million if it were to go on the market.
In addition, he owns a 10,000-square-foot compound on 150 feet of sand at Carbon Beach, the most prestigious beach in Malibu. Similar surrounding properties have literally sold for $100 million.
He listed a ski chalet in Park City, Utah, for $20 million, but ultimately sold it for $11.6 million in 2019.
He also owned another Beverly Hills property, which he sold for $9.5 million.
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