• Business
  • Tech
  • Finance
  • Luxury
  • Entertainment
The Print Street It Only Took Steven Spielberg These Two Lucky Bets to Build His $3.7 Billion Fortune
0Shares
0 0 0 0 0
The Print Street
  • Business
  • Tech
  • Finance
  • Luxury
  • Entertainment
Tech

It Only Took Steven Spielberg These Two Lucky Bets to Build His $3.7 Billion Fortune

Ami Ciccone Jul 02, 2022
0Shares
0 0 0 0 0

It’s safe to say that everybody has watched at least one of the many now-classic movies Steven Spielberg directed over the years with highlights like ‘E.T.’, ‘Indiana Jones’, and ‘Jurassic Park’. This is certainly a testament to both his box office success and cultural influence.

Thus, it’s no surprise that the 73-year-old has become one of the few billionaire filmmakers in the world. But did you know that he amassed his $3.7 billion fortune through just two wise decisions he made decades ago?

A Friendly Exchange

Thanks to the bet, Spielberg has reportedly earned over $40 million from the bet

It’s no secret that Spielberg has a longstanding friendship with another well-acclaimed and extremely wealthy director: George Lucas. And just like regular buddies would, the duo has been known to wager on bets.

What sets these apart though is the amount of money at stake for both parties. According to stories, both Spielberg and Lucas were busy working on their respective sci-fi film projects during the ‘70s.

However, the latter was then unconvinced about the success his space cowboy movie would have. He ended up making a trade-off with Lucas offering him a small stake in his film if he did the same for him.

And it paid off. Big time. As you all know, ‘Star Wars’ went on to become a box-office and pop culture phenomenon with Spielberg’s ‘Close Encounters of the Third Kind’ not doing so badly for itself either.

Hitting the Jackpot with Dinosaurs

Spielberg directed the first two ‘Jurassic Park’ films

But an even more impactful risk he took to earn his multibillion-dollar fortune has to do with his
‘90s blockbuster film-turned-franchise ‘Jurassic Park’.

Being already an in-demand and powerful person in film, Spielberg was an asset that the Universal Pictures wanted on their time, especially at a time when the studio was struggling. To make this happen, Sidney Sheinberg decided to make the filmmaker an offer he can’t refuse.

The studio executive told Spielberg he would be the creative director of any theme park or attraction that is based on the dinosaur flick. An agreement was made and the director reportedly sees a whopping $50 million a year just for his share of the resulting park’s ticket revenue alone.

Critical & Financial Wins

He has won two Oscar awards for directing

In total, Spielberg’s works have made over $25 billion in the box office. This includes not only the films he directed but also the ones he produced.

All of his hard work isn’t ignored by critics either as he has received numerous accolades over the years. Of course, considering his billions, these awards may seem just icing on the cake.

Share This
0Shares
0 0 0 0 0
Previous Article
This Young Billionaire Is Living His Best Life and It’s All Thanks to Snapchat
Next Article
From Author to Billionaire: MacKenzie Bezos’ Journey to Becoming World’s Richest Woman
Comments (0)

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related News

Tech
From Author to Billionaire: MacKenzie Bezos’ Journey to Becoming World’s Richest Woman
Ami Ciccone Jan 11, 2023
Tech
This Young Billionaire Is Living His Best Life and It’s All Thanks to Snapchat
Dan Smith Mar 05, 2022
Tech
Google’s CEO Hasn’t Worked in a Year But You Won’t Believe How Much He Earned
admin Feb 25, 2022
Tech
Millennials Might be the Poorest Generation But These Young Billionaires are Leading in Tech
Dan Smith Jan 25, 2021
The Print Street
  • Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Terms Of Use

Copyright . All RIGHTS RESERVED.

  • Lost Password Back ⟶
  • Login
  • Register
Lost Password?
Registration is disabled.