Peter Jackson Net Worth
Peter Jackson has an estimated net worth of $1 billion. New Zealand native Peter Jackson is best known as a director for his adaptation of J.R.R. Tolkien’s Lord of the Rings trilogy, which won 11 Oscars. He earns most of his income from film production.
Peter Jackson began his prolific career as a child, creating short films with an 8-mm movie camera, on October 31, 1961, in New Zealand. Jackson has directed a number of successful films in a variety of genres despite having no formal training. He is best known for his award-winning film adaptation of J.R.R. Tolkien’s Lord of the Rings trilogy. When The Hobbit film series was released, he stayed with the Tolkien fantasy brand.
To calculate the net worth of Peter Jackson, 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:||$1 Billion|
|Monthly Salary:||$2 Million|
|Annual Income:||$30 Million|
|Source of Wealth:||Screenwriter, Film Producer, Film director, Actor|
Peter Robert Jackson, a film director and screenwriter, was born on October 31, 1961, in Pukerua Bay, New Zealand, a picturesque coastal town near Wellington. “Our house was on the edge of a cliff that dropped right into the ocean,” Jackson recalled. “It was a playground for kids, an adventure playground.” Both of his parents were English immigrants. His father, Bill, worked for the local government, and his mother, Joan, was a stay-at-home mom.
When Jackson was five years old, his family purchased his first television, and the world of television immediately captured his young imagination, particularly a futuristic English sci-fi show called Thunderbirds (1965-66). At the age of nine, Jackson became obsessed with movies after seeing the original King Kong. “I think I still have a rotting King Kong puppet somewhere in my basement,” he admitted. “It stood about a foot tall. Then I painted a backdrop of Manhattan and made a cardboard cut-out of the Empire State Building for him to stand on.”
Jackson’s parents received a Super 8 film camera as a gift in 1969, the same year he saw King Kong. “Now I can get my spaceships that I’ve made, my models, and I can film them, just like Thunderbirds,” Jackson recalls thinking. Jackson set out to make original movies in his early teens, using his friends as actors, his parents’ house as a set, and whatever he could concoct in the kitchen for special effects. “I did it like a World War II drama film with friends in old army uniforms—kids with big helmets and uniforms that don’t fit very well—running around, digging trenches in my parents’ garden,” he recalled.
He attended Kapiti College, a state-run secondary school, but dropped out at the age of 16 to work to support his filmmaking hobby. “I just wanted to get out of school and into a job, any job,” he explained, “so I could start saving up for the next piece of film equipment I wanted.”
Amateur Film Work
Jackson found work as a photographic lithographer for a local newspaper. He worked six days a week while living at home to save as much money as possible for a high-end camera. Jackson set out to make a film after purchasing the necessary equipment. Over the next several years, Jackson wrote and directed a full-length comedy film about flesh-eating aliens on Sundays, his one day off.
To Jackson’s great surprise, the New Zealand Film Commission awarded him a $30,000 grant to enable him to quit his job and finish the film, followed by a $200,000 grant to cover post-production costs. The finished film, titled Bad Taste, had its world premiere at the 1988 Cannes Film Festival, where it was a surprise hit and landed distribution deals in 12 countries.
Professional Film Career
Following the success of Bad Taste, Jackson made the raunchy puppet film Meet the Feebles in 1989, which critics found both repulsive and hilarious; it developed a devoted cult following. In 1993, he released his first professional live action film, Braindead (known as Dead Alive in the United States), which received critical acclaim despite being one of the goriest films ever made.
As the screenwriter and director of the 1994 film Heavenly Creatures, a disturbing dramatization of a famous New Zealand matricide case from the 1950s, Jackson ventured into decidedly different territory. Heavenly Creatures, which starred an unknown actress named Kate Winslet at the time, earned Jackson an Academy Award nomination for Best Screenplay.
‘Lord of the Rings’
In the mid-1990s, Jackson was looking for an ambitious project to test his directing abilities when he came up with the idea of making film adaptations of J.R.R. Tolkien’s classic trilogy of fantasy novels, The Lord of the Rings. Jackson, an avid reader of the novels, stated, “I read the book when I was 18 and thought to myself, ‘I can’t wait until the movie comes out.’ Nobody had done it twenty years later, so I became impatient.”
After acquiring the film rights in 1997, it took Jackson several years to find a film studio that shared his vision of three separate films shot on location in New Zealand at the same time. After New Line Cinema agreed to finance the project on Jackson’s terms, The Fellowship of the Ring was released in December 2001 to widespread international popularity and critical acclaim. The sequel, The Two Towers, was released a year later in 2002, and the third installment, The Return of the King, was released in 2003.
The Lord of the Rings is the highest-grossing film trilogy in history, with over $2.9 billion in worldwide box office revenue, and one of the most acclaimed series of all time, with 17 Academy Awards and 30 nominations. It established Peter Jackson as one of the world’s greatest directors. With 11, The Return of the King tied Titanic (1997) and Ben-Hur (1959) for the most Oscar wins by a single film, including Best Director for Jackson.
Following the massive success of The Lord of the Rings trilogy, Jackson realized a childhood ambition by remaking King Kong, the film that had so inspired him as a child. King Kong, which was released in 2005, was yet another box office success. Jackson took several years off from directing after nearly two decades of continuous work before returning to direct the 2009 film adaptation of Alice Sebold’s novel The Lovely Bones. He also agreed to work on the film adaptation of Tolkien’s prequel to The Lord of the Rings trilogy, The Hobbit. The story was also divided into three parts. The Hobbit: An Unexpected Journey, the first film in the series, was released in 2012. The Hobbit: The Desolation of Smaug and The Hobbit: The Battle of the Five Armies, the two sequels, were released in 2013 and 2014, respectively.
Unlike The Lord of the Rings, Jackson and film critics were not pleased with his work on The Hobbit, despite its box office success.
In interviews, Jackson admitted that the studios’ incredibly strict time constraints prevented him from designing the film the way he wanted — (he spent years prepping for The Lord of the Rings).
Jackson married Fran Walsh, a screenwriter who had assisted him in establishing contacts in the New Zealand film industry in the 1980s. The screenplays for Heavenly Creatures and The Lovely Bones were co-written by Walsh. Billy and Katie are their two children.
Peter Jackson is one of the most well-known and acclaimed film directors today, having directed the Lord of the Rings trilogy. He is a rare director who creates action-packed, special-effects-laden blockbusters as well as high-quality, critically acclaimed works of art. Jackson attributes his enormous success to his tireless work ethic, which included obsessively working and reworking a film until the very end. “Perfection does not exist,” he asserts. “You’re never done with a movie. You’re running out of time.”
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