The business tycoon was born Stephen Leo Bing on March 31, 1965. He was born to a mother nurse, Helen, and her father Peter Bing. During his high school term at LA Harvard – Westlake Private School, he developed one thing to write sitcoms. His first writing was “Missing In Action”, which ended up starring Chuck Norris in the title role and also had a sequel. Steven did not like college, although he was enrolled in an Ivy League college at Stanford University. He retired in the third year to make a name for himself in the Hollywood film industry. After quitting, Bing continued to write for a long time. He had his first break with Kangaroo Jack and then the movies started coming one by one.
He was 55 years old.
His parents are Helen, a nurse, and Peter Bing, a public health doctor. At the age of 18, Bing inherited an estimated $ 600 million from his grandfather, Leo S. Bing, a real estate developer who had made his fortune in New York in the 1920s. The Los Angeles Business Journal’s publication of “The Lists 2010” in January 2010 included him in his magazine’s “Richest Angelenos” section, which estimated its value at $ 590 million, reaching number 46. After inheriting his fortune Bing dropped out of Stanford University in his third year to pursue a career in Hollywood.
Bing reportedly invested $ 80 million in The Polar Express, an animated film voiced by Tom Hanks, which earned $ 285 million globally and was one of the biggest box office hits of the year. He was also the financier of Robert Zemeckis’ Beowulf (2007) and the producer / financier of Shine A Light, a Rolling Stones concert film directed by Martin Scorsese. Bing also financed and produced the independently released album Jerry Lee Lewis. Last Man Standing. In addition to his film production and funding work, he also co-wrote both the script and the Kangaroo Jack story (2003).
Beginning with a $500 contribution in 1993 to support Sen. Frank Lautenberg, D-N.J., in his bid for re-election, Bing has contributed more than $10.7 million at the federal level to the Democratic Party and its candidates, according to the Center for Responsive Politics. The biggest checks were written in 2002 when he gave a total of $8.2 million to the Democratic National Committee. But he also has given to specific candidates, including Al Gore, Hillary Clinton, John Kerry, Nancy Pelosi and Dianne Feinstein. Bing was reported to have given at least $49.5 million during the 2006 election cycle in support of Proposition 87, a California initiative which sought to raise $4 billion in oil production taxes to help develop alternative fuels. Bing also supported several key races in other parts of the country as Democrats fought to win back control of Congress. They included Democratic challenger Bob Casey, Jr. in Pennsylvania, who unseated conservative GOP incumbent Sen. Rick Santorum, and Tammy Duckworth in Illinois, a Democratic Congressional hopeful and an Army National Guard major who lost her legs in Iraq two years ago, who went on to lose to State Sen. Peter Roskam.
Excluding Prop. 87 contributions, in California Bing has written $7.8 million worth of checks since 2000, according to the California secretary of state. He spent $4.25 million in 2005 in a successful effort to defeat Prop. 77, a redistricting initiative sponsored by Gov. Arnold Schwarzenegger. Other beneficiaries include the California Democratic Party ($640,172); Gov. Gray Davis ($675,000); and San Francisco Mayor Gavin Newsom, whose campaign received $750 in 2004. In October 2008, Stephen Bing pledged to match donations made to the NO on Proposition 8 campaign from October 17–19. On December 18, 2008, the William J. Clinton Foundation released a list of all contributors. It included Stephen L. Bing, who gave between US$10–25 million. On August 5, 2009, a 737 private aircraft owned by Stephen Bing and based out of hangar 25 at the Burbank airport in Southern California, was utilized in the return of American reporters Laura Ling and Euna Lee who had spent 5 months of a 12-year sentence in North Korea.Former President Bill Clinton was instrumental in their return, and accompanied the reporters back to the U.S. Bing reportedly covered the cost of the entire flight, estimated to be around $200,000.
Bing has drawn attention for being involved in high-profile lawsuits. Around 2001, he was involved in two separate paternity cases involving actress Elizabeth Hurley and former tennis player Lisa Bonder regarding claims (established as true) that he had fathered children with them.
In 2001, the actress and model Elizabeth Hurley announced she was pregnant and said Bing was the father of her child, Damian Hurley. Bing denied he was the father and claimed they did not have an “exclusive” relationship. A DNA test proved that Bing was the father.
Separately but also in 2001, Bing’s name appeared in the news when he sued billionaire Kirk Kerkorian for invasion of privacy. Bing alleged that Kerkorian’s private investigators took Bing’s dental floss out of his trash to collect his DNA. At the time, Kerkorian was in a legal fight with his ex-wife Lisa Bonder, a former professional tennis player, over the amount of child support he would pay, with the billionaire reportedly suspecting Bing (a previous boyfriend) to be the father of. After Bing was proved by DNA test to be the father of Bonder’s child, Bing and Kerkorian settled their dispute out of court.
Pellicano Anthony Pellicano, a Los Angeles private investigator (and wiretapping) hired by Kerkorian’s attorney, who was also a “friend” of Bing, revealed the paternity of Bonder’s daughter. According to an FBI recall, Pellicano would sometimes confront Hollywood clients, and at one point ask financier (and Bing’s friend) Ron Burkle for a restructuring of $ 100,000 to $ 250,000 so as not to be investigated by Michael Ovitz, another Pellicano’s client. In a twist to the case, The New York Times reported payments of $ 335,000 from Bing to Pellicano between June 2000 and August 2002. According to excerpts from taped calls, Pellicano boasted to Kerkorian’s attorney in April and May 2002 that he was “working for” and “consulting” with Bing on matters related to Elizabeth Hurley and his disputed father, who was then appearing. in the news. A Bing attorney, Martin Singer, called Pellicano’s statement about Hurley “an outright lie.” (The Daily Mail reportedly paid a “substantial” agreement to Bing in 2003 after Pellicano’s affidavit that, he had never been hired by Mr. Bing or his attorney, Mr. Martin Singer, to investigate No one on behalf of Mr. Bing, including Ms. Hurley. After two trials in 2008 in which Bing did not testify, Pellicano was convicted of 78 counts of wiretapping, extortion, wire fraud and conspiracy. Pellicano was sentenced to 15 years in prison and was ordered, along with Terry N. Christensen, to lose $ 2 million.
Steve Bing Cause and Reason for Death
Elizabeth Hurley’s ex-husband Steve Bing died after falling from the 27th floor of his Los Angeles apartment. He was pronounced dead at the scene. One person informed the police about the possible suicide at 1:10 PM. The identity of the deceased is not yet revealed and the cause or reason of death is pending. According to various news sources, the businessman was “depressed” in the midst of the COVID-19 pandemic that did not allow him to roam outside his home.
Steve Bing Net Worth 2020
Net Worth At The Time He Died:
Steven Bing’s net worth as of June 2020: $ 590 million. TMZ confirmed the death of Steve, who rose to fame after inheriting $ 600 million at the age of 18 from his real estate tycoon grandfather. At the time of his death, Steven Bing’s net worth was reduced by $ 10 million. Bing’s grandfather built luxury apartments in New York City during the 1920s. His old man earned the money and was divided equally among all of his children (Bing’s father). Steve’s father, Dr. Peter Bing, enrolled in Johnson’s White House to serve as a public health servant before permanently moving to Los Angeles to run the family business. The Bing family once appeared on the Forbes list of the 400 Richest Americans. In today’s times, Steven Bing 2020’s net worth was incredible. Although Steven Bing received a fortune, he was unable to handle the large sum at such a tender age. The subsequent business was given to irregularities in his childhood. It was only after meeting his ex-wife Liz Hurley that Steve decided to be a little more public about his life.