Trey Parker Net Worth
Trey Parker net worth and salary: Trey Parker is an American writer, producer, director and actor who has a net worth of $600 million. Trey Parker was born Randolph Severn Parker III. Trey, along with college buddy Matt Stone are the co-creators of the Comedy Central smash hit franchise property "South Park". Trey was born on October 19th 1969 and he grew up in Colorado with his parents Sharon and Randy Parker. He has one older sister named Shelley Parker. These names would go on to be the character names of Stan Marsh's family members on South Park.
Parker attended the University of Colorado, Boulder. It was here where he met future best friend and co-writer Matt Stone. In 1992 the duo wrote and directed an animated short called "Jesus Vs Frosty" which featured the four principal characters from "South Park". They eventually created a follow up short called "Jesus Vs Santa". That short made its round around Hollywood and earned the two a meeting with Comedy Central. Comedy Central picked them up for a 13 episode season in 1997. The show is still going strong today. Parker was married in 2006 to Japanese socialite Emma Sugiyama. The two married in Hawaii. In addition to South Park, Parker has also starred or directed in Cannibal the Musical, Orgazmo, and BASEKETball. Outside of film, Matt and Try co-created the smash hit Broadway musical Book of Morman which is currently traveling the world. To date, Book of Morman has grossed over $500 million worldwide from ticket sales, merchandise and more.
Trey Parker was married to Emma Sugiyama from 2006 to 2008. He married Boogie Tillmon in 2014. They have a daughter together who was born in 2013. In 2019 Trey and Boogie announced their divorce.
Real Estate Portfolio: Trey is famous for owning an impressive portfolio of properties around the world. In April 2019, fresh off filing for divorce from Boogie, he spent $6.2 million on mansion in the Brentwood neighborhood of Los Angeles. A year earlier he spent $3.1 million on a condo in Manhattan. He already owned a seven-bedroom unit next door that he bought in 2011 for $4 million. In 2016 he sold a longtime home in Venice, California for $4.3 million. Other properties he owns, that we know of, include a riverfront mansion in Kauai, Hawaii, a condo in Seattle, several homes in the Hollywood Hills, a 10,000 square-foot mansion in a different part of LA (purchased in 2011 for $14 million) and a large compound in Steamboat Springs, Colorado.
Digital Contract: Back in 2007, Matt and Trey's Comedy Central contract was up for renewal. When the ink was dry, the duo landed a new deal that is considered unprecedented in Hollywood. The deal allowed Matt and Trey to create a digital hub for everything related to South Park, including streaming episodes. Most importantly, though, it gave them a 50% cut of all ad revenue generated by the show digital or broadcast.
As a result of this unheard of contract, Matt and Trey earn an estimated $25-30 million per year EACH just from the broadcast of the show on Comedy Central. They also get a 50% cut any time the show is sold into syndication, like the time in 2015 when Hulu paid $198 million for the streaming rights or in 2019 when South Park's streaming rights were put on the market for $500 million. Each transaction earned the due a 50% cut (25% each).
An Extremely Valuable Contract Clause: How were they able to land such a sweet deal? It all stems back to a loophole in their very first Comedy Central contact from 1997. Back then, no one could have imagined that the digital rights to a property could ever become valuable. Well, no one except Matt, Trey and an extremely forward-thinking lawyer. That lawyer (who I hope was well-compensated) included a clause in the original contract which stated that the creators would receive a 50% cut of any revenue generated apart from the actual show's television broadcast. For around twenty years, that clause was essentially worthless. That all changed with the advent of YouTube and other video streaming platforms.
Viacom briefly attempted to argue their way out of the clause, but in the end Trey and Matt were successful in not only owning a 50% cut of non-broadcast revenue but also in having the right to distribute the show digitally as they saw fit. Once they saw their show being pirated non-stop on YouTube, Trey and Matt decided it would be pointless to fight the pirates, so they put every single episode online for free, earning millions from the digital ad revenue. They really started to cash in with the advent of streaming services like Hulu. When Hulu paid $192 million for 4 years of rights to the back catalogue, Matt and Trey each earned around $50 million. At the time, is was the largest streaming deal in history.
In 2019 when the deal was up, they put the franchise on the market for $500 million, which would equate to around $125 million each.
Merchandise: Viacom/Comedy Central was smarter when it came to merchandise rights. From the show's inception, Viacom has had a lion's share of merchandise rights. Reportedly as high as 90%. That might have been re-negotiated in recent contracts, but the current terms have not been discussed publicly.
|Net Worth:||$600 Million|
|Date of Birth:||Oct 19, 1969 (51 years old)|
|Height:||6 ft (1.85 m)|
|Profession:||Television producer, Actor, Screenwriter, Film director, Television Director, Animator, Musician, Film Producer, Lyricist, Voice Actor|
|Nationality:||United States of America|