• Majid Alhusseini

How Steven Spielberg Became a Billionaire

Steven Spielberg director of Jaws, Jurassic Park, Indiana Jones and more isn’t a billionaire from his movies, but from a theme park deal with Universal Studios in the 80s. His lawyer realized that many of his movies were being turned into rides at theme parks. So they negotiated a contract where he would earn 2% of revenue from all tickets and concessions sold at Universal theme parks. The deal earns him $50m a year and has a buy-out clause of over $1Bn.

Forbes claims that Spielberg is worth $3.6 billion, while some sources claim this figure could be as high as $6.18 billion.

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