A media mogul and American film producer, Jeffrey Katzenberg was born on December 21, 1950. He rose to prominence as head of the Walt Disney Studios from 1984 until 1994.
After leaving Disney, he co-founded and served as CEO of DreamWorks Animation, where he oversaw the creation of animated series like How to Train Your Dragon, Madagascar, Shrek, and Madagascar.
In addition to founding Quibi, a now-defunct short-form mobile video platform, he also launched WndrCo, a new media and technology firm. Additionally active in politics is Katzenberg.
He was referred to as “one of Hollywood’s premier political kingmakers and one of the Democratic Party’s top national fund-raisers” because of his aggressive support for Hillary Clinton and Barack Obama.
What is Jeffrey Katzenberg Net Worth and Salary?
American entrepreneur and film producer Jeffrey Katzenberg has a $900 million fortune. He was the former chairman of the Walt Disney Company and the former CEO of DreamWorks Animation. He started the short-form video service Quibi in 2018.
Katzenberg has long been one of Hollywood’s highest-paid producers, mainly due to several box office successes while working for Disney. He, Steven Spielberg, and David Geffen received their largest career payout in 2016 when they sold Dreamworks Studios to Comcast for $3.8 billion. From the sale, Katzenberg personally made $420 million.
How Much Property Does Jeffrey Katzenberg Own?
A 6+ acre estate in Beverly Hills cost $35 million to purchase in 2010 for Jeffrey. He demolished the former building and reportedly built an exquisite house from scratch. It has never been captured on camera; hence the word “rumored”.
This residence would be valued at $50 to 70 million if it were to go on the market. On 150 feet of sand at Carbon Beach, the most exclusive beach in Malibu, he also owns a 10,000-square-foot estate. Similar surrounding homes have sold for $100 million.
After initially offering a ski chalet in Park City, Utah, for $20 million, he sold it for $11.6 million in 2019. He also formerly owned another Beverly Hills property, which he sold for $9.5 million.
When Did Jeffrey Katzenberg Start His Career?
When Katzenberg was hired as producer David Picker’s assistant, he officially started his career in the entertainment industry. He advanced when, in 1974, he was appointed Barry Diller’s assistant, the chairman of Paramount Pictures.
Later, Diller transferred Katzenberg to Paramount Pictures’ marketing division and gave him various jobs at the company. Then, in the late 1970s, Katzenberg was tasked with bringing the “Star Trek” series back to life.
He kept climbing the Paramount Pictures corporate ladder, eventually succeeding Michael Eisner as the studio’s president to take the position of president of the production.
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Eisner appointed Katzenberg as chief executive officer (CEO) of The Walt Disney Company in 1984. He appointed Katzenberg to lead Disney’s motion picture branch, where he was responsible for turning around the studio, which had the lowest box office performance among significant studios at the time.
To produce adult-oriented comedies like “Down and Out in Beverly Hills” (1986), “Three Men and a Baby” (1987), and “Good Morning, Vietnam” (1987), Katzenberg refocused the studio’s efforts. His efforts were successful, and by 1987 Disney had ascended to the top to take the top spot among studios at the box office.
In the 1980s and the beginning of the 1990s, Katzenberg worked on several different projects at Disney. For instance, he was in charge of the Touchstone Television division, which created popular TV programs like “Golden Girls” and “Home Improvement.”
Additionally, he took over the underperforming Feature Animation unit, and under his leadership, the team started to flourish. A few of Disney’s most popular and well-regarded animated films, including “Who Framed Roger Rabbit” (1988), “The Little Mermaid” (1989), “Beauty and the Beast” (1991), “Aladdin” (1992), and “The Lion King” (1994), were eventually made by the animation section.
After leaving Disney, Katzenberg teamed with Steven Spielberg and David Geffen to form the production company DreamWorks SKG in late 1994
On many well-known DreamWorks animated feature films, 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), Katzenberg was in charge of the animation operations.
He also served as an executive producer on these movies. Katzenberg played a significant role in the studio’s switch from conventional animation techniques to computer-generated animation after suffering a $125 million loss on the traditionally drawn picture “Sinbad: Legend of the Seven Seas” (2003).
In 2016, Dreamworks was sold to Comcast-Universal for $3.8 billion by Katzenberg, Spielberg, and Geffen. $420 million of the deal went to him personally.