Harvey Weinstein Net Worth
Harvey Weinstein has an estimated net worth of $25 million. Film mogul Harvey Weinstein helped produce such acclaimed features as ‘Pulp Fiction,’ ‘Good Will Hunting’ and ‘Shakespeare in Love.’ He was fired from his studio in 2017 amid allegations of sexual harassment and later convicted of committing a criminal sex act and rape. He earns most of his income from film production.
Harvey Weinstein is a former film producer who co-founded Miramax Films with his brother, Bob, in 1979. Miramax went on to produce critical and commercial hits such as Pulp Fiction and Shakespeare in Love, and the Weinstein brothers found even more success after establishing The Weinstein Company in 2005. Weinstein’s reputation suffered greatly after allegations of sexual harassment of women surfaced in October 2017, leading to his expulsion from The Weinstein Company and the Academy of Motion Picture Arts and Sciences, as well as a slew of criminal and civil lawsuits. He was sentenced to 23 years in prison in 2020 after being convicted of a criminal sex act and rape.
To calculate the net worth of Harvey Weinstein, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$25 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$2 Million|
|Source of Wealth:||Film Producer, Television producer, Businessperson, Screenwriter, Film director|
Weinstein, the older son of Max and Miriam Weinstein, was born on March 19, 1952, in Queens, New York. Harvey and his brother, Bob, got their business sense from Max, a diamond cutter, and their love of movies came from Saturday afternoons spent together at the movies.
Weinstein stayed in the area after graduating from the State University of New York at Buffalo in 1973 to start a concert promotion company. He bought a theater in downtown Buffalo and began showing concert films there.
In 1979, Harvey and Bob founded Miramax Films Corporation, named after their parents. Originally designed to distribute smaller arthouse films, Miramax soon became a major player in the industry. Within a decade, the studio released critical successes such as My Left Foot (1989) and Sex, Lies, and Videotape (1989), with Harvey serving as the outspoken face of the company.
Even after Miramax was acquired by the Walt Disney Company in 1993, the Weinsteins produced a series of highly acclaimed releases. Pulp Fiction (1994) and Good Will Hunting (1997) became box office hits, and The English Patient (1996), Shakespeare in Love (1998) and Chicago (2002) all won Best Picture Oscars.
The brothers left Miramax in 2005 to form The Weinstein Company, a new venture that achieved similar success. The King’s Speech (2010) and The Artist (2011) both won Best Picture at the Academy Awards, while Silver Linings Playbook (2012), The Butler (2013) and Lion (2016) also found enthusiastic audiences.
In late 2013, Harvey and Bob signed a co-production and joint distribution deal with Miramax.
Weinstein fashioned himself as a champion of progressive causes as he rose to the top of the Hollywood food chain. In recent election cycles, he has been a vocal supporter of Democratic presidential candidates, hosting fundraisers for Barack Obama and Hillary Clinton. He was also a supporter of a faculty chair named after feminist icon Gloria Steinem at Rutgers University.
Sexual Harassment Scandal
Following a report in The New York Times about his alleged history of sexual harassment, Weinstein found himself in an unfavorable spotlight in October 2017. According to the New York Times, Weinstein made unwanted advances on a number of women, including actress Ashley Judd, and reached settlements with at least eight of them. The story gained traction after The New Yorker published an account of Weinstein’s predatory behavior from Italian actress Asia Argento.
Weinstein, who initially threatened to sue the Times, hired a legal team to fight the charges. Among them was Gloria Allred’s daughter, Lisa Bloom, who called many of the claims “patently false” and referred to the studio head as “an old dinosaur learning new tricks.” Bloom resigned from his position as Weinstein’s adviser just days after the scandal broke.
In his defense, Weinstein stated, “I grew up in the 1960s and 1970s, when all the rules about behavior and workplaces were different.” That was the culture at the time. It is no longer an excuse for me.”
He added that he would take a leave of absence from his studio, and The Weinstein Company issued a statement saying that its troubled co-founder would seek professional help while the board launched an investigation into the matter.
However, amid mounting allegations of sexual misconduct, the board fired Weinstein on October 8; although he technically remained a board member, he later resigned from that position.
As Weinstein reportedly left for an Arizona rehab facility for sex addiction treatment, the dominoes in his professional and personal lives continued to fall. Gwyneth Paltrow and Angelina Jolie also spoke out about their interactions with the former studio chief, and on October 10, his wife of ten years, designer Georgina Chapman, announced her divorce.
On October 14, the board of governors of the Academy of Motion Picture Arts and Sciences convened for an emergency session and voted to expel Weinstein from its ranks. Meanwhile, with the news that they were investigating some of the harassment claims, police in New York and London raised the prospect of criminal charges.
On October 30, the New York Times published a new round of accusers, some of whom recalled Weinstein forcing himself on them as a concert promoter in the 1970s. On November 7, the same publication reported that Weinstein had gone to great lengths to prevent the articles that first revealed his damaging history of allegations from being published by the Times and The New Yorker. His efforts included hiring a team of detectives, lawyers, and undercover agents, at least one of whom tried to befriend one of Weinstein’s most outspoken accusers, Rose McGowan.
On November 27, British actress Kadian Noble filed a civil suit in New York against Weinstein, alleging that he forced her to perform sexual acts in his hotel room during the 2014 Cannes Film Festival. The suit also charged The Weinstein Company with violating federal sex trafficking law “by benefiting from, and knowingly facilitating” its founder’s habit of using foreign business travels to coerce women into sexual activity through the promise of film roles.
On December 6, a group of six women announced that they were suing Harvey and Bob Weinstein, The Weinstein Company, Miramax, and other individuals, alleging they were subjected to unwanted sexual conduct and lived in fear of being blacklisted.
“One thing is clear: we need to send a message to the powerful and wealthy individuals, companies, and industries that feted their Harvey Weinsteins instead of protecting the victims,” the group said in a joint statement.
Weinstein’s lawyers later asked a judge to dismiss the lawsuit, claiming that the alleged assaults occurred too long ago and that there was insufficient evidence to support racketeering claims. The attorneys cited Meryl Streep’s previous comments about Weinstein being always respectful in their relationship, which Streep called “pathetic and exploitative.”
The disgraced mogul tried to keep a low profile in the months that followed, but he was back in the news in January 2018.
Weinstein was eating dinner with his sobriety coach at the Sanctuary Camelback Mountain Resort in Scottsdale, Arizona, when he was approached by a fellow diner looking for a photograph, according to TMZ. After being turned down, the inebriated customer returned and slapped Weinstein in the face twice.
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