Harvey Weinstein Net Worth

About Harvey Weinstein

Harvey Weinstein is an American former film director and producer, and convicted sex offender. Alongside his brother, Bob, he founded the entertainment company, Miramax, which has produced numerous successful independent films. Over the course of his career, he has won seven Tony Awards, and one Academy Award among many others.

American film producer and convicted sex offender Harvey Weinstein has a net worth of just $25 million dollars, as of 2021. At the height of his career Weinstein’s net worth was estimated at over $300 million. Today he is awaiting his second trial in Los Angeles.

How did Harvey Weinstein earn his net worth?

Creating multiple independent films in his entertainment company such as “Pulp Fiction” and “Shakespeare In Love” is how Harvey Weinstein became a millionaire. Towards the late 1970s, the Weinstein brothers used the profits from their concert promotion business to find their own distribution company, Miramax, with the name deriving from their parents names (Miriam and Max). They immediately gained fame for producing some of the most iconic independent films of the century. The first notable film that they produced was Paul McCartney’s music-oriented concert project “Rockshow”. Around the time, his net worth was slowly starting to grow and surpassed $5 million.

Starting in the 1980s, Miramax produced some of the best-selling arthouse films of the century, all of which achieved modest commercial success and critical attractions – “Pulp Fiction”, “The Thin Blue Lines”, and “Sex, Lies, and Videotapes”. Towards the end of the decade, Harvey Weinstein’s company released two arthouse films – “The Cook, The Thief, His Wife and Her Lover”, and “Tie Me Up and Tie Me Down!”. The next decade, the production company continued to grow both its library of directors and films. In 1993, following the success of “The Crying Game”, the Weinstein brothers received an offer by Disney. They offered them $80 million for the ownership of Miramiax, which they agreed.

Why is he so famous?

The film producer and recipient of seven Tony and one Academy Awards became famous after he co-founded the entertainment company, Miramax. He was born on March 19, 1952, in New York City. He’s the older son of Max and Miriam Weinstein. His father was a diamond cutter and his mother was a homemaker. His family is Jewish and most of his grandparents immigrated from Poland. Growing up, Harvey was raised with his younger brother, Bob, in the housing co-op Electchester.

He attended the John Brown High School from which he graduated in 1970. Immediately after that, he enrolled at the State University of New York based in Buffalo. Around the same time, through most of the 1970s, he and his brother began producing rock concerts independently in partnership with Corky Burger. The so-called “Corky and Harvey Productions” brought many top acts to the Buffalo area such as Jackson Brown, Frank Sinatra, The Who, and The Rolling Stones to name a few. Towards the end of the decade, the two brothers earned several millions from their deals with best-selling acts and brands.

What made him so successful?

The main reason why the former film director and producer was so successful are his abilities to create some of the most-watched film productions of all time. In the late 1990s, Miramax continued to release quality films – “Good Will Hunting”, “Shakespeare In Love” and the Academy Award-winning “English Patient”. At the beginning of the new millennium, specifically in September 2005, the Weinstein brothers formed their own self-titled company. For nearly ten years, before the controversies and sexual allegations surfaced and destroyed his career, “The Weinstein Company’ had a successful run. It was associated with important media executives and directors (such as Robert Rodriguez, Colin Valens, and Quentin Tarantino).

Towards the end of the 2010s, in October 2017, multiple sexual abuse allegations that date back to the 1970s and 1980s surfaced. This led to Weinstein being dismissed by his own company and being expelled from the AMPAS (Academy of Motion Picture Art and Science). Throughout 2017 and 2018, more than 80 women had allegations against Harvey Weinstein, which created a social media campaign called #MeToo that started a wave of sexual allegations (including dismissals) against powerful men across the globe. This social media campaign was also dubbed “the Weinstein effect”. In May 2018, he was arrested and charged with rape. Less than two years later, in February 2020, he was found guilty of two of five felonies and was sentenced to 23 years in prison.

Summing-Up

Harvey Weinstein is one of the most controversial figures in Hollywood whose net worth once exceeded $300 million. The former film producer, and studio executive started his career in the show business during the 1970s. Throughout the next four decades, he was responsible for the production of many acclaimed film and television productions. Most recently, his career in the film industry was literally destroyed as he became a convicted rapist that has been charged with criminal sex act, sexual abuse and misconduct.

This Harvey Weinstein Net Worth profile originated at WealthyGenius.com

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