Jake Steinfeld Net Worth

What is Jake Steinfeld's Net Worth?

Jake Steinfeld is an American fitness guru who has a net worth of $20 million. Jake Steinfeld is often credited with single-handedly inventing/creating the business of personal fitness training. He is the Chairman and CEO of Body by Jake. Jake's niece is actress/singer Hailee Steinfeld, star of the 2010 Coen brothers film "True Grit," for which she earned an Academy Award nomination for Best Supporting Actress. Hailee's father, Peter, is Jake's brother. Peter is also a fitness trainer.

Early Life

Jake Steinfeld was born on February 21, 1958, in Brooklyn, New York. After a brief stint in college, he decided to drop out and move to Los Angeles to pursue a career as a bodybuilder. Jake would later recount how, in 1977 he finished second in the Mr. Southern California contest, which was remarkable given that he was the only bodybuilder in the competition not using steroids.

Discovery

Jake was working as a bouncer in the early 1980s when an actress stopped him at a pool. Upon seeing his physical fitness, the actress asked if she could pay him to train her for an upcoming commercial in which she would need to be in a bikini. And that's how the paid physical training industry was born.

Career

Word soon spread about the trainer to the stars who got actors into shape for roles. He trained Steven Spielberg, Harrison Ford, and Eddie Murphy, to name a few. Working with Eddie Murphy landed Jake a small part in the movie "Coming to America."

Billionaire Ted Turner soon came calling. Turner, who had recently launched CNN and was looking for content, signed Jake up to produce and star in a daytime show, "Fitness Freak by Jake."

FitTV

In 1993, Jake helped launch FitTV – the world's first 24-hour fitness network. His first show on the network was called "Big Brother Jake," but he really struck gold with "Body by Jake." In 1997, FitTV's parent company, International Family Entertainment, was acquired by Fox Entertainment and Saban Entertainment. Jake reportedly earned "a fortune" from the sale.

He then went on to create ExerciseTV, the first 'on-demand' fitness television platform. Next came FitOrbit, an affordable online digital platform that connects users to real (live) personal trainers.

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Other Ventures

Steinfeld also partnered with Universal Music Group and launched the fitness music label called Body by Jake Music which features tracks by some of today's hottest artists and in-demand producers, DJs, and mixers.

In 1999, Jake co-founded Major League Lacrosse (MLL), the nation's first professional outdoor lacrosse league. The league's championship trophy is called the Steinfeld Trophy in his honor. The league existed until 2020, when it merged with Premier Lacrosse League.

In 2012, he wrote what became a New York Times and Wall Street Journal best-selling book, "Take A Shot, a Remarkable Story of Perseverance, Friendship, and a Really Crazy Adventure," about the formation of the MLL. He has written several other books.

Personal Life

Jake and his wife Tracy have four children.

He has served as Chairman of the California Governor's Council on Physical Fitness and Sports under Governors Schwarzenegger and Brown, with the mission of establishing California as the nation's first "Fitness State." He is now Chairman of the National Foundation for Governors' Fitness Councils.

Pacific Palisades Mansion

In 1994, Jake paid $2 million for a 6,700-square-foot mansion in LA's Pacific Palisades neighborhood. Jake has served as the Honorary Mayor of Pacific Palisades, California. Tragically, Jake lost his mansion in the 2025 Palisades Fire. Before the fire, the property was worth $9-10 million.

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