How did Burt Sugarman amass his fortune?
As a TV and film producer, he shaped iconic shows like The Midnight Special and invested in media companies.
His financial success stems from smart business deals, entertainment ventures, and real estate investments.
Keep reading to uncover how he built his wealth, salary, and financial empire.
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 financial success is primarily attributed to TV and film production, including The Midnight Special and Children of a Lesser God. Additionally, he has invested in real estate and media companies, adding to his wealth.
Compared to other producers, his fortune aligns with industry leaders. While not as high as Steven Spielberg or Jerry Bruckheimer, his wealth surpasses many in the entertainment sector.
Related Figures in Entertainment & Business
- Mary Hart
- Barris Industries
- The Giant Group
- Sony Entertainment
- Reeves Entertainment Group
- Media General
- The Newlywed Game
- Celebrity Sweepstakes
- Old Tucson Corporation
Want to know how other highly successful celebrities built their fortunes? Explore the wealthiest names in entertainment.
Burt Sugarman Wealth, Salary, and Financial Overview
How Did He Build His Wealth?
Burt Sugarman’s financial journey began outside the entertainment industry. He initially worked in automobile sales and later entered show business. His breakthrough came in 1969, producing Dionne Warwick – Souled Out.
His real success, however, came with The Midnight Special (1972–1981), a late-night music variety show featuring top artists. The show’s success made him a household name in TV production. He further expanded his influence with hit game shows like The Newlywed Game and Celebrity Sweepstakes.
Additionally, he made strategic business moves, investing in Barris Industries, later sold to Sony Entertainment. His wealth also grew through The Giant Group, which focused on media investments.
What Are His Major Sources of Income?
Burt Sugarman’s earnings primarily come from:
- Television production, including The Midnight Special
- Film production, such as Children of a Lesser God
- Game show revenues from The Newlywed Game and Celebrity Sweepstakes
- Business investments, including Barris Industries
- Real estate holdings, spanning California and Montana
Despite stepping back from active TV production, his past projects continue generating royalties and residual income.
What Are His Notable Business Investments?
Beyond television, Burt Sugarman built a strong business portfolio. Key investments include:
- Barris Industries – Co-owned and later sold to Sony Entertainment.
- The Giant Group – Invested in Reeves Entertainment Group and Media General.
- Old Tucson Corporation – Held shares in amusement parks in Arizona and Nevada.
- Real Estate – Purchased high-value properties in Los Angeles and Montana.
These investments significantly contributed to his wealth over the decades.
How Much Does He Earn from Television and Film?
Burt Sugarman’s earnings from TV and film production are substantial. Some of his most successful projects include:
- The Midnight Special (1972-1981) – Syndication deals and DVD sales
- Children of a Lesser God (1986) – Oscar-nominated film with strong box office returns
- The Newlywed Game (1988) – Long-running game show with international adaptations
While his exact annual salary isn’t public, his past productions continue generating residual income.
What Real Estate Properties Does He Own?
Real estate plays a crucial role in Burt Sugarman’s financial portfolio. His known properties include:
- Luxury condos in Los Angeles – Multiple units in the Sierra Towers ($15 million total)
- Beverly Hills Mansion – Sold for $27 million
- Montana Properties – Owned lakefront homes and ranches worth millions
These real estate investments have appreciated significantly, further boosting his wealth.
What Is His Financial Legacy?
Burt Sugarman’s legacy in entertainment remains strong. He revolutionized late-night TV with The Midnight Special, produced hit films, and made savvy investments in media and real estate.
Even in his 80s, his wealth management decisions ensure that his financial success endures. His influence in TV production, business, and real estate makes him a standout figure in Hollywood.
Conclusion
Burt Sugarman’s net worth, salary, and financial success reflect decades of smart investments and strategic career moves.
Whether in TV, film, or real estate, his financial empire remains solid. For more celebrity finance insights, visit Aupeo.
