Net Worth Ranker
What Is Larry David’s Net Worth?
Larry David, a prominent figure in American comedy as a writer, actor, director, and television producer, has amassed a significant net worth estimated at $400 million. His financial success is primarily attributed to his involvement in two highly successful television shows: “Seinfeld,” which he co-created, and “Curb Your Enthusiasm,” which he created and stars in. He has been continuously producing comedy shows since 1989.
The Foundations of Larry David’s Net Worth: “Seinfeld” and “Curb Your Enthusiasm”
A substantial portion of Larry David’s net worth is derived from his ownership stake in the backend syndication royalties generated by “Seinfeld.” Upon the show’s syndication, Larry David and Jerry Seinfeld each held a 15% share of the show’s backend equity. His ongoing success with “Curb Your Enthusiasm” also contributes significantly to his wealth.
From the outset of “Seinfeld,” Larry and Jerry each owned 7.5% of the show’s backend equity points. At the peak of the show’s success in the mid-1990s, the duo negotiated a deal with NBC that boosted their points to 15% apiece. Part of that boost also came from Larry and Jerry buying out an equity owner who was looking to cash out.
The show was first syndicated in 1998. That first deal generated $1.7 billion in revenue, giving Larry and Jerry each a $250 million pre-tax windfall. In an average year, he makes $40-50 million between syndication, DVD sales, merchandise, and other platform royalties. In some years, that number can be much higher. In 2015, Larry earned a total of $80 million after Hulu paid $180 million to acquire Seinfeld’s streaming rights, giving both Larry and Jerry an extra $30 million. When “Seinfeld” sold to Netflix for $500 million in September 2019, both Larry and Jerry earned $75 million. In the last two decades, Seinfeld has generated well over $4 billion in syndication revenue, roughly $17 million per episode. As of this writing, Jerry and Larry have both earned at least $800 million from “Seinfeld” between salary, DVD, merchandise, and syndication deals.
The Impact of Divorce on Larry David’s Net Worth
Larry David’s net worth was significantly affected by his 2007 divorce from Laurie David. As he has confirmed, Larry gave Laurie half of his net worth at the time, roughly $200-300 million, in addition to a cut of future revenue generated by “Seinfeld” syndication royalties.
Unfortunately, Larry’s net worth took a pretty large hit after his divorce from ex-wife Laurie in 2007. Larry reportedly paid Laurie 50% of his net worth at the time. That resulted in a $200-300 million settlement that includes future syndication income from both “Seinfeld” and “Curb Your Enthusiasm.”
Early Life and Career Beginnings
Lawrence Gene David was born in Brooklyn, New York, on July 2, 1947, to Rose and Mortimer “Monty” David. He has an older brother named Ken. His family is Jewish. Larry attended Sheepshead Bay High School and then the University of Maryland. While in college, he was a member of the Tau Epsilon Phi fraternity. He graduated with a bachelor’s degree in history.
After college, David enlisted in the United States Army Reserve and held various odd jobs, including working as a store clerk and a limo driver while also practicing his stand-up at night. Larry began his comedy career working as a stand-up comic in the late 1970s. While living in Manhattan Plaza, a subsidized housing project just north of the theater district that primarily housed performers and artists, he became acquainted with Kenny Kramer, a stand-up comedian who lived across the hall.
Early Television Writing Roles
In 1980, Larry David was hired to work on an ABC series called “Fridays.” The show was similar in format to “Saturday Night Live” and ran until 1982. He was also a cast member, along with fellow up-and-coming comedian Michael Richards. In 1984, he was hired to write for “Saturday Night Live”. This would prove not to be a good fit, and he lasted just one season on the show. Larry famously only got one of his sketches on the air while at “SNL,” which aired at 12:50 AM, the last time slot on the show.
Creation and Success of “Seinfeld”
In 1989, Larry David teamed up with Jerry Seinfeld to create a pilot for NBC, which was originally titled “The Seinfeld Chronicles.” The series became known as “Seinfeld” and was loosely based on Larry David’s own life and experiences, as well as the people around him. Kenny Kramer, his neighbor at Manhattan Plaza, became Cosmo Kramer, played by his friend from the cast of “Fridays” – Michael Richards. Julia Louis-Dreyfus, from his “SNL” days, joined the cast as Elaine Benes. He based the character George Costanza, played by Jason Alexander, on himself.
Larry David was the co-creator and executive producer of “Seinfeld.” The show was on the air from 1989 to 1998 with 180 episodes. Larry wrote 62 episodes of “Seinfeld,” including the iconic episode “The Contest.” David’s work on the show won him two Primetime Emmy Awards in 1993, for Outstanding Comedy Series and Outstanding Individual Achievement in Writing in a Comedy Series for “The Contest.”
“Curb Your Enthusiasm”: A Long-Running Success
Larry David began scripting “Curb Your Enthusiasm” for HBO in 1999. The show was meant to be a one-off special, but it proved so popular that it was turned into a series, and it’s still running. With “Curb Your Enthusiasm,” rather than working with a tight script, he or one of the staff writers that were hired after Season 5 writes a loose outline, and everyone involved in the episode improvises. He stars in the series, playing a variation of himself, and like “Seinfeld,” the show is an exploration of his personal experiences.
Additional Film and Television Work
In addition to his work on “Curb Your Enthusiasm,” Larry David has also written two films, “Sour Grapes” and “Clear History.” He has also continued to perform off and on, including roles in “New York Stories,” “Whatever Works,” “The Three Stooges,” and “Clear History.”
Personal Life: Marriages and Family
On March 31, 1993, Larry David married Laurie Lennard. They have two daughters, Cazzie Laurel David (born May 10, 1994) and Romy March (born March 2, 1996). Laurie met Larry while she was working as a talent coordinator on “Late Night with David Letterman.” Laurie is an environmental activist and film producer. She won an Oscar for producing the 2006 Al Gore documentary “An Inconvenient Truth.”
Larry was introduced to comedy producer Ashley Underwood at a birthday party for Sacha Baron Cohen. They married in 2020.
In the summer of 2017, PBS’s “Finding Your Roots” discovered through genealogical research that David and Bernie Sanders are distantly related. The comedian explained that Sanders is “a third cousin or something.” This was quite a coincidence, considering that Since 2015, David made multiple guest appearances portraying Bernie Sanders on “Saturday Night Live.”
FTX Endorsement and Legal Issues
In November 2022, Larry David and other spokespeople were sued in a class-action lawsuit for their roles in endorsing cryptocurrency exchange FTX Trading Unlimited. In 2022, Larry appeared in what is now considered an infamous Super Bowl commercial for the fraudulent crypto company FTX. In lawsuits, it was later revealed that Larry was paid $10 million to appear in the commercial. That $10 million fee for Larry was on top of the $25 million FTX paid to produce the commercial.
Real Estate Holdings
In 2014, Larry David sold a home in LA’s Pacific Palisades neighborhood for $12 million. The home has seven bedrooms and ten baths, with a master bedroom that includes a deck overlooking the ocean, a grassy backyard, and a pool. The property features a large guest house, multiple fireplaces, a living room, a family room, and a dining room. He continues to own a home in the same area that he purchased around 2006 for $10.35 million. He owns at least two other homes in the Palisades.
In February 2022, Larry paid $5.7 million for a home in Montecito, California. He sold this home less than a year later for $6.9 million. In September 2022 Larry closed on a new Montecito mansion, this one setting him back $7.6 million. In 2004 he bought a modest, but beautiful property on Martha’s Vineyard.
