Jack Warner Net Worth: Jack Warner was a Canadian-American film executive who had a net worth of $ 300 million at the time of his death (adjusted for inflation). He was best known for being the president of Warner Bros. Studios.
Jack Warner was born in London, Ontario, Canada in August 1892 and died in September 1978. His career spanned 45 years, the longest of any other Hollywood studio mogul. Warner was Co-Production Director for Warner Bros. Studios in Burbank, California and worked with his brother Sam Warmer. The couple produced the technology for the first talkie featuring which was The Jazz Singer in 1927. After Sam’s death, Jack Warner clashed with his older brothers Harry and Albert Warner. He secretly bought their shares in the company. He was seen as a contradictory and enigmatic individual. While a staunch Republican, he encouraged films that promoted Democratic President Franklin D. Roosevelt’s New Deal. It won an Oscar for Best Picture for My Fair Lady in 1965 and received the Cecil B. DeMille Award from the Golden Globes in 1956. It also received a star on the Hollywood Walk of Fame in 1960. Jack Warner died on the 9th September. , 1978 at 86.
Sale of shares: In 1966, at the urging of his wife Ann who wanted him to slow down and retire, Jack sold his 1.6 million shares in Warner Bros. to Seven Arts Production for $ 24 million. It’s the same as about $ 190 million in today’s dollars after adjusting for inflation.
Beverly Hills Estate: 1937, Jack bought a 10-acre property in Beverly Hills. He built a 13,000 square foot mansion, swimming pools, a tennis court and even a 9 hole golf course. It would later be known as the Jack Warner Estate:
Jack’s widow, Ann, lived on the property until her death in 1990. Upon her death, the property was acquired by music producer David Geffen for $ 47.5 million. It was the costliest real estate transaction in US history at that time. FYI, $ 47.5 million in 1990 is worth the same value as about $ 93 million today after adjusting for inflation.
On February 12, 2020, David Geffen sold the estate to Jeff Bezos for $ 165 million, setting the record for the most expensive real estate sale in California history.