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Stephen Bing has an estimated net worth of $600 million. He is an heir, film producer, and businessman. Stephen Bing is the founder of the Shangri-La business group, a business with interests in construction, property management, music, and entertainment.
He was born on March 31st, 1965 to Helen and Peter Bing. Helen is a nurse and Peter is a doctor. When he was 18 years old, he inherited a total of $600 million from his grandfather, Leo S. Bing. His grandfather had accumulated his wealth from real estate in New York from the 1920s. He went to school in Los Angeles at the Harvard-Westlake private school. He wrote the screenplay "Missing in Action" before graduating from Harvard-Westlake. This screenplay later became a Chuck Norris film. Bing later joined Stanford University but dropped out in his junior year to go to Hollywood. The animated film "The Polar Express" is one of his most successful projects that earned $285 million and was one of the top box office successes of the year.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Estimated value of the American property empire that Stephen Bing inherited from his property magnate father Leo Bing |
$491,960,000 |
|
2009 |
Earning Turned Donation |
Cost of the entire flight utilized in the return of American reporters Laura Ling and Euna Lee who had spent 5 months of a 12-year sentence in North Korea that Stephen Bing donated |
$200,000 |
|
2008 |
Earning Turned Donation |
Stephen Bing's donation to the William J. Clinton Foundation |
$17,500,000 |
|
2006 |
Earning Turned Donation |
Stephen Bing's donation during the 2006 election cycle in support of Proposition 87, a California initiative which sought to raise $4 billion in oil production taxes to help develop alternative fuels |
$49,500,000 |
|
2005 |
Earning Turned Donation |
Stephen Bing's donation to defeat Prop. 77, a redistricting initiative sponsored by Gov. Arnold Schwarzenegger |
$4,250,000 |
|
2004 |
Asset |
Stephen Bing's investment in The Polar Express, an animated film featuring the voice of Tom Hanks |
$80,000,000 |
|
2004 |
Asset |
Purchase value of Stephen Bing's 2-acre estate in Bel-Air, Los Angeles County |
$13,000,000 |
|
2002 |
Earning Turned Donation |
Stephen Bing's donation to the Democratic National Committee |
$8,200,000 |
|
2002 |
Asset |
Purchase value of Stephen Bing's 5,300-square-foot estate in Bel-Air, Los Angeles County |
$8,000,000 |
|
1993 |
Earning Turned Donation |
Stephen Bing's contribution at the federal level to the Democratic Party and its candidates to support Sen. Frank Lautenberg, D-N.J. |
$10,700,000 |
|
1983 |
Asset |
Stephen Bing's inheritance from his grandfather, Leo S. Bing, a real estate developer who had made his fortune in New York in the 1920's |
$600,000,000 |