Have you ever wondered how some of Hollywood’s biggest behind-the-scenes names amass their fortunes?
While actors and musicians often take the spotlight, producers like Burt Sugarman have built significant wealth through entertainment and strategic investments.
From creating The Midnight Special to owning stakes in major companies, Sugarman’s financial journey is worth exploring.
Let’s dive into his wealth, salary, and business ventures to uncover how he became one of the most successful TV producers of his time.
Burt Sugarman Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Burton Roy Sugarman |
| Popular Name | Burt Sugarman |
| Birth Date | January 4, 1939 |
| Age | 86 (as of March 13, 2025) |
| Birthplace | Los Angeles, California, USA |
| Nationality | American |
| Ethnicity | N/A |
| Education | University of Southern California (Finance) |
| Marital Status | Married |
| Spouse | Mary Hart (m. 1989), Carol Wayne (m. 1975–1980), Pauline Schur (m. 1957–1961) |
| Children | Alec Jay Sugarman (Born December 24, 1991) |
| Dating | N/A |
| Siblings | N/A |
| Parents | Father was a pharmacy owner |
| Height | N/A |
| Net Worth | $100 million |
| Source of Wealth | TV Production, Film Production, Real Estate |
What is the Net Worth of Burt Sugarman in 2025?
As of 2025, Burt Sugarman’s net worth is estimated at $100 million. His wealth comes from a long and successful career in television production, film, and business investments. While he may not be as publicly recognized as actors or directors, his financial standing places him among some of the most successful entertainment moguls.
Compared to other media investors and producers, his fortune is notable. He has worked alongside or competed with the following individuals and companies:
- Mary Hart
- Sony
- Barris Industries
- The Giant Group
- Reeves Entertainment Group
- Media General
- Old Tucson Corporation
- Peter Guber
- Jon Peters
- Jay Wolpert
If you’re interested in how other industry giants stack up, check out the wealthiest figures in entertainment.
Burt Sugarman Wealth, Salary, and Financial Overview
How Did He Build His Wealth?
Burt Sugarman’s journey to financial success began in an unexpected place—the auto industry. Before entering Hollywood, he owned North American distribution rights for luxury car brands like Ghia and Maserati.
However, his wealth truly took off in the 1970s when he transitioned into TV production. His most famous creation, The Midnight Special, became a groundbreaking music variety show, leading to further projects such as The Wizard of Odds and Celebrity Sweepstakes. His ability to produce successful TV shows cemented his place as a key industry figure.
In addition to entertainment, Sugarman made savvy business moves, including investments in media companies and amusement parks. His diverse income sources have helped him sustain long-term wealth.
What Are His Major Sources of Income?
Sugarman’s financial empire is built on multiple revenue streams:
- Television and Film Production: He earned profits from producing hit shows and films, such as Children of a Lesser God and Crimes of the Heart.
- Business Investments: He was part-owner of Barris Industries, which was later sold to Sony.
- Real Estate: He invested in high-value properties in Beverly Hills, Sierra Towers, and Montana.
How Much Does He Earn Annually?
While his exact annual income isn’t public, we can estimate his earnings based on past investments and projects.
- His TV production work brought in millions during the peak of his career.
- His real estate investments have appreciated significantly, with some properties selling for millions more than their original price.
- His business deals, like selling Barris Industries, provided substantial financial gains.
With his diverse portfolio, Sugarman’s yearly earnings are likely in the multi-million dollar range, even without actively working on new projects.
What Are His Most Notable Business Ventures?
Sugarman wasn’t just a TV producer—he was a savvy businessman. Some of his biggest ventures include:
- The Giant Group: An investment firm focused on media acquisitions.
- Barris Industries: A television production company he co-owned before selling it to Sony.
- Old Tucson Corporation: A stake in amusement parks in Arizona and Nevada.
These business deals greatly contributed to his financial success.
What Role Does Real Estate Play in His Finances?
Real estate is one of Sugarman’s most lucrative assets. Some key transactions include:
- Beverly Hills Mansion: Sold for $27 million.
- Sierra Towers Properties: Multiple units purchased for $15 million.
- Montana Ranch: Previously listed for $23 million.
These properties have played a huge role in preserving and growing his wealth.
How Has His Financial Strategy Evolved Over Time?
Initially, Sugarman focused on television and film, but over time, he diversified into business acquisitions and real estate. His ability to adapt to changing industry trends has helped maintain his fortune.
One of his smartest moves was selling Barris Industries to Sony, which ensured a major payout. He also strategically purchased and sold high-value properties, maximizing profits in the luxury real estate market.
What Are the Biggest Financial Deals He Has Made?
Some of Sugarman’s most notable financial deals include:
- Selling Barris Industries to Sony
- Investing in The Giant Group
- Purchasing and later selling luxury properties for multimillion-dollar profits
These strategic moves have contributed significantly to his $100 million fortune.
How Does His Wealth Compare to Other Industry Figures?
Sugarman may not be as famous as Hollywood’s biggest directors or actors, but financially, he’s in an elite league. His net worth is comparable to other influential producers and investors who have made fortunes behind the scenes.
Compared to TV moguls like Peter Guber and Jon Peters, Sugarman’s smart investments and business deals have helped him maintain substantial wealth.
What Can Be Learned from His Financial Success?
Burt Sugarman’s story teaches several valuable financial lessons:
- Diversification is key: He didn’t rely solely on TV production but also invested in businesses and real estate.
- Timing matters: He sold properties and businesses at peak value, maximizing profits.
- Long-term vision pays off: His investments in media and entertainment continue to contribute to his wealth.
Conclusion
Burt Sugarman’s financial journey is a testament to smart business decisions and strategic investments.
His success in entertainment, business, and real estate has built a fortune that continues to grow.
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