Film producer and former hairstylist Jon Peters of the United States has a $300 million fortune. Peters’ A Star Is Born adaption from 1976 earned over $100 million at the movie office and nominated Peters for four Academy Awards; the song “Evergreen” went on to win an Academy Award.
Peters made his big screen debut in The Ten Commandments when he played the little boy riding a donkey across the Red Sea. In 1973, he fell in love with Barbra Streisand and monitored her early work in both music and movies.
Back in 1980, Peters and Peter Guber, a former executive at Casablanca Records and Filmworks went into business together.
For monetary reasons, Guber-Peters bought Chuck Barris Productions. Batman was the most successful product of the partnership, earning Guber and Peters a billion-dollar offer to become CEOs.
In his absence, Peters founded Peters Entertainment, which is responsible for such box office successes as Batman Returns, Wild Wild West, Ali, and Superman Returns. Let’s take a look at how Jon Peters’ wealth has changed over time.
Sony
Sony came knocking shortly after the contract was signed, and the company purchased Guber-Peters Entertainment for $50 million. The two men would then become Co-Chairmen of Sony Pictures.
The only catch was that they were still obligated to Warner Bros. Warner filed a $1 billion breach of contract lawsuit against the trio and Sony. For the sake of getting out of their commitments, Sony paid Warner Brothers $500 million.
Sony Pictures now has a co-Chairmanship consisting of Jon Peters and Peter Guber. They were inexperienced at managing a huge production company.
While at Sony’s helm, Peters and Guber oversaw the creation of scores of high-profile, high-budget films, many of which were box office bombs.
During Peters Guber’s tenure, $8 billion was spent on production and other costs, leading to a loss of almost $3 billion for Sony. Peter and Jon received a $30-50 million severance payment when they left Sony in the mid-1990s.
Jon bought the Superman movie rights in the ’90s. He spent a great deal of time and effort (and at one point even considered casting Nicolas Cage in the titular role) trying to get a Superman film made under his production, but was ultimately unsuccessful.
Peters has a sizable stake in the box office returns of both “Superman Returns” (2006) and “Man of Steel” (2013). He later admitted that he made $85 million off of those two films alone, despite having had nothing involvement in their creation.
Actually, Man of Steel producer Christopher Nolan forbade him from setting foot on set. In the 2018 adaptation of “A Star Is Born,” he played a similar role.
Read More: Dusty Hill Net Worth: How Much Has This Person Made This Year?
Personal Life
As for his private life, Jon has been through four divorces. From 1967 to 1974, he was married to actress and singer Lesley Ann Warren.
The news of his marriage to actress/model Pamela Anderson came as a complete surprise to the public in the year 2020.
In fact, they had a short-lived relationship in the ’80s. The tale has it that Jon flew the Sony corporate jet to drop off flowers for supermodel Vendela Kirsebom.
Jonathan Peters’s Wealth
In 2022, Jon Peters, a former hairstylist turned American film producer, will have a net worth of $300 million.
It was Peters’ 1976 remake of “A Star Is Born” that made him famous; it earned over $100 million worldwide, was nominated for four Academy Awards, and contained the song “Evergreen,” which ended up winning the night’s big prize.
Once an executive at both Casablanca Records and Filmworks, Peter Guber went into business with Peters in 1980.
To put it simply, Guber Peters bought Chuck Barris Productions. When Batman offered Guber and Peters $1 billion to become CEOs, it was the biggest setback for the collaboration financially.
Read More: Adam Silver Net Worth: Journey of This Celerity From Bottom To Top!
Success in Jon Peters’ Professional Life
Production on “A Star Is Born,” starring Barbra Streisand, began in 1976 and was overseen by Jon. The picture made almost $100 million worldwide on a budget of under $6 million, and it was nominated for four Oscars.
Peters later produced several gold and platinum albums for the multi-platinum selling artist Barbra Streisand. After collaborating with fellow producer Peter Guber, Jon established Polygram Productions in 1980.
After producer Neil Bogart joined the crew, Boardwalk Productions was established; regrettably, Bogart went away in 1982.
The Guber-Peters combination is responsible for such popular movies as “Caddyshack,” “An American Werewolf in London,” “Flashdance,” and “The Color Purple.” Given their success, Warner Brothers presented them with the industry’s most lucrative production contract.
See also: Brett Lorenzo Favre’s Wealth 2022 (With Info on His Carrier, Salary, and Contracts) Jon and Peter’s “Batman” picture from 1989, which had a budget of only $35 million, became Warners’ most lucrative film to that point.
Warner Brothers gave Guber and Peters a multimillion-dollar agreement because of their tremendous success. Soon after the deal was finalized, Sony Pictures approached Guber-Peters Entertainment with an offer to purchase the company for $50 million.
If they agreed, they would serve as Sony Pictures’ joint chairs of the board. They still had an agreement with Warner Bros., though. Warner sued the group and Sony for breach of contract, seeking $1 billion in damages.
Sony and Warner Bros. came to an agreement to terminate their contracts for $500 million. To that end, Sony Picture’s co-Chairmen Jon Peters and Peter Guber were promoted. Unfortunately, they lacked the skills necessary to oversee such a large studio.
Peters and Guber, while at the helm of Sony, oversaw the production of numerous high-profile, high-budget films, many of which were financial failures.
Sony lost roughly $3 billion while under Peters Guber’s leadership due to high manufacturing and other costs totaling $8 billion.
Peter and Jon earned severance packages of $30-50 million when they left Sony in the mid-1990s. During the 1990s, Jon made a purchase of the rights to produce a Superman film.
Many times over his career, he sought to get a Superman movie made, and at one point he even considered having Nicolas Cage play the title character. Peters had a significant financial interest in the success of both “Superman Returns” (2006) and “Man of Steel” (2013).
A later admission revealed that he had made $85 million from those two films alone while having zero input towards their production.
Even though he was interested in seeing the locations where they shot Man of Steel, producer Christopher Nolan turned him down. A similar character was played by him in the 2018 remake of “A Star Is Born.”
Leave a Comment