GOLF.
RHYMING VERSE. Even fancy card tricks: There are innumerable ways to earn great
fame and fortune by entertaining people, and no one has done it better than the
20 on this diverse list. It’s our first-ever tally of the country’s wealthiest
celebrities, and we had just one criterion: We considered only those who got
rich off their fame, not those–such as the president-elect–who became famous
because of their wealth.
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Topping the
list: George Lucas, who boasts a $4.6 billion net worth , much of it from
selling his company to Disney in 2012. The Star Wars creator has largely
retired from filmmaking and now has little to do with the franchise—including
this year’s highly anticipated installment, Rogue One—but still owns the
reportedly 6,000-acre Skywalker Ranch in Marin County, California.
He edges
second-ranked Steven Spielberg ($3.7 billion), who makes the cut thanks largely
to a fortune earned with his personal production companies, from DreamWorks to
current project Amblin Partners. It helps that the famed director has pocketed
a slice of Universal theme-parks revenue since 1987, when he negotiated a
blockbuster deal after hits like E.T. and Jaws.
Hollywood
features heavily: The top three richest and 20% of the members of the list made
their fortunes in filmed entertainment. Take America’s wealthiest female
celebrity, Oprah (No. 3, $2.8 billion): Ratings at the former talk-show queen’s
OWN cable network finally rose this year, but Weight Watchers stock–of which
she owns 10%–is suffering.
She is one
of six African-Americans on our list of 20 , just ahead of fourth-ranked
sneaker king Michael Jordan ($1.2 billion) and Diddy (No. 6, $750 million). The
latter has parlayed 1990s hip-hop stardom into a diversified empire, including
a lucrative partnership with Diageo’s Cîroc vodka.
“You
associate the name with the product,” says Eric Schmidt, director of alcohol
research at Beverage Marketing Corporation, of Diddy’s involvement with Cîroc.
“And the thing really took off.”
Diddy is
joined by fellow rappers-turned-moguls Dr. Dre (No. 8; $710 million) and Jay Z
(No. 11; $610 million). They comprise three of eight musicians on the ranking,
most of whom have years of touring to thank for their net worths. Not on the
list: Beyoncé, whose $265 million net worth pegs her below the $360 million cut
off for this ranking.
“From his
earliest days playing tiny clubs like The Main Point and the Stone Pony to
today’s stadium shows, for over 40 years Bruce Springsteen has shown himself to
be one of the most dynamic concert entertainers in the business,” said
entertainment attorney Bernie Resnick of the hard-working rock star (No. 14;
$460 million), who has grossed more than $1.5 billion on the road. “The income
generated from extensive touring on such a massive scale has to be highly
beneficial to Mr. Springsteen’s financial well being.”
Live shows
help more than just musicians: David Copperfield makes the list from decades of
conjuring cash. The illusionist has turned his earnings into the world’s
largest collection of magic artifacts and a formidable real estate portfolio
that includes an enclave of 11 Bahamian private islands.
Tiger Woods
may not have a stash of enchanted antiquities, but he does own a $60 million
property in Jupiter Island, Florida. With a net worth of $740 million, the
40-year-old golfer is the youngest member of the list. Besides Jordan, Phil
Mickelson is the only other athlete to make the cut.
To compile
net worths, we valued those who hold private companies by speaking with an
array of outside experts and conservatively comparing the companies with public
competitors. We calculated the stakes in public companies using stock prices
from December 5. For entertainers without private companies, we based our
estimates on net lifetime earnings. Real estate, art and other assets–such as
magic collections–were also factored in where applicable. Eligibility for this
list was limited to American citizens who have gotten rich off their fame,
rather than become famous for their wealth. We attempted to vet these numbers
with all list members. Some cooperated; some didn’t.
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