Steve Bing was worth 473million at the time . Therefore, Peter Orszag has an estimated net worth of $25 million. Also, in 2013, Orszag reportedly made about $3.1 million. California law says that the surviving children - in this case Damian and Kira - will normally inherit an estate if there is no will. He also has a stake in the NBAs Sacramento Kings. Bing had previously appealed the decision, and a year after his sons death, he has now removed Kira and Damian from the equation. He is an American businessman and philanthropist. In addition to his producing and film finance work, he also co-wrote both the screenplay and the story of Kangaroo Jack (2003). Dr Bing's lawyers argued that his other two grandchildren, the children of his daughter Mary, should receive the money. He issued a press release saying they hadnt been in an exclusive relationship and that it was her choice to be a single mother. Helen and Peter Bing are American businesspeople, philanthropists, and art collectors. His sexual appetites, however, were very much in line with Hollywood tradition. Select this result to view Peter Bing's phone number, address, and more. Stephen Leo Bing (March 31, 1965 June 22, 2020) was an American businessman, philanthropist, film producer, and screenwriter. Once described as a man dedicated apparently in equal measures to philanthropy, politics and women, Bing a high roller in Las Vegas patronised strip clubs where he showered the girls with $100 bills. Peter Kay is an English comedian, actor, and writer, known for his successful comedy television shows and sell-out stand-up tours, He has guest-starred on many additional television shows and appeared in several hit movies over the course of his career. 87 contributions, in California Bing donated $7.8 million worth from 2000 on, according to the California secretary of state. Pellicano was sentenced to 15 years in prison and ordered, with Terry N. Christensen, to forfeit $2 million. Bing reportedly covered the whole cost of the flight, estimated to be around $200,000. [20] According to an FBI summary, Pellicano sometimes played Hollywood clients against each other, at one point asking financier (and Bing friend) Ron Burkle for a $100,000 to $250,000 shakedown in order not to be investigated by Michael Ovitz, another Pellicano client. Er studierte am Bowdoin College (BA 1976) und dann als Doktorand in Klassischer Philologie an den Universitten Tbingen (1978/1979) und Michigan. Stephen Leo Bing's net worth is $800-900K USD (as in 2020). While Bing reportedly inherited $600 million from his grandfather when he turned 18, it looks like . . Moreover, he inherited a massive wealth of $600 Million from his grandpa and used it in his business . In 1932, American businessman and philanthropist Peter Bing inherited $600,000 from his father, Cornelius Vanderbilt II. His father, Dr. Peter Bing, worked on public health issues for the Johnson White House before relocating to Los Angeles, where he attends to the family business. The friend said: 'People imagine it is impossible to run through $600 million, but he did.'. Peter Bing, Steve's father, attempted to cut Damian and Kira out of a trust he established to benefit his grandchildren - but ultimately lost the case, 'Steve Bing will not stand idly by as his family exploits those circumstances and tries to redirect funds from Steve Bing's children to Mary Bing's children.'. William Henry Vanderbilt died in 1885, leaving the majority of his fortune to his only son, Cornelius Vanderbilt II. He moved into the Hotel Bel-Air one night in the early 1990s and stayed there for nine years. Steve Bing: Net Worth: $600 Million: Date of Birth: Mar 31, 1965 - Jun 22, 2020 (55 years old) Gender: Male: Height: 6 ft 3 in (1.93 m) Profession: Film Producer, Businessperson, Writer, Screenwriter: He also produced the Martin Scorsese-helmed Rolling Stones documentary Shine a Light. I will miss him and his enthusiasm more than I can say, and I hope he has finally found peace.. He was the founder of Shangri-La Entertainment, an organization with interests in property, construction, entertainment and music. All net worths are calculated using data drawn from public sources. Liz Hurley (right) sent a message of sorrow after millionaire former flame Steve Bing (left) fell to his death on Monday, With reports claiming that he was suffering with depression, Bing plunged to his death from the 27th floor of his Los Angeles apartment block (pictured) on Monday. . [14], In 2001, Bing sued billionaire Kirk Kerkorian for invasion of privacy. When he wasnt spending time with actresses, he liked to hang out with members of the LA bratpack at Hugh Hefners Playboy mansion, scene of some of the worst debauchery in Tinseltown. Beginning with a $500 contribution in 1993 to support Senator Frank Lautenberg, D-N.J.[clarification needed], in his bid for re-election, Bing contributed more than $10.7 million at the federal level to the Democratic Party and its candidates, according to OpenSecrets. His career started in 1981 and he was an active member of the entertainment industry until 2016, when he left the acting world. Bing admitted in court papers that he was unaware of Damians existence until the child was born. He died at around 1pm local time on Monday, June 22, having fallen from the 27th floor of his apartment in Los Angeles. Are Pets Allowed On The Garden City Pier? Elizabeth Hurleys anti-aging secret was made public. 'However, following legal proceedings instigated by himself and opposed by me, it appears that one cannot stop someone trying to give you money. However, this time around, it's about Steve Bing's net worth which was reportedly estimated to be a whopping $600 million. Bing alleged that convicted criminal and private investigator Anthony Pellicano took Bing's dental floss out of his trash to collect his DNA. [24][25], Bing died by suicide on June 22, 2020 at the age of 55 by jumping from his condominium on the 27th floor of the Ten Thousand building at 10000 Santa Monica Boulevard in the Century City neighborhood of Los Angeles. He also contributes heavily to environmental causes and the Democratic Party. Bing won the case against Peter in July 2019. Four years later he pumped nearly $50million into a campaign to tax oil firms to fund research into alternative energy, which was rejected by California voters. As of 2020, Dr Peter Bing is still alive and is 92 years old. Controller. 3 Peter Bergman: Career, Profession. Further, his birth sign was Aries. He was 35 and doing well in Hollywood when he met her. He had a big heart and he was willing to do anything he could for the people and the causes he believed in. [18] Hugh Grant is Damian's godfather.[19]. Plus, his massive inheritance as an heir made him a millionaire at the age of 18. Over 37 years, Steve Bing's net worth shrunk dramatically. 4 Steve Bing: Early, Profession life and Career. 8 Social Media Profile. Court papers stated that Damian (pictured right in 2018) had never even met his father. In 1932, American businessman and philanthropist Peter Bing inherited $600,000 from his father, Cornelius Vanderbilt II. Excluding Prop. The court ordered that both Damian and Kira will have access to a trust fund reportedly worth more than . Steve Bing's estate developer grandfather left behind an astonishing fortune of $600 million which he inherited at the age of 18. Dr. Peter Bing said Kira, as well as Damian, had no right to the trust as they were . In July 2019, an LA judge agreed and ruled that Peter had unreasonably distorted the meaning of grandchild. Martin Singer, a lawyer for Bing, called Pellicano's statement regarding Hurley "an absolute lie." Explore how the celebrity world connects. Published: 3:24 ET, Jun 23 2020. 2023 Celebrity Net Worth / All Rights Reserved. Her widely quoted claim that she moisturize her skin ten times per day is true, but she is also religiously (and has done so since 1995) using Este Lauder Advanced Night Repair Serum. Multi-millionaire film-maker Steve Bing had to take a DNA test before he would admit he had fathered a child with Liz Hurley, and he spent a lifetime keeping the many women in his life at arms length. It's unclear if these allegations are true. [2][3] He was of Jewish background. About Stephen Leo Bing. Despite the fact that Damian Hurley and Kira Bonder were both born out of wedlock, they were both chosen to receive a portion of Steve Bings fortune. To Recover From a Fiduciary for Breach of Duty, the Loss Must be a Result of the Breach, https://www.dailymail.co.uk/news/article-7264981/Steve-Bing-Elizabeth-Hurleys-son-Damian-WINS-inheritance-legal-fight.html, Anthony La Ratta Appointed Chair of ABA Committee, Another Celebrity Will Contest: Tom Pettys Estate in Litigation. Daphne has a wealth of experience in counseling and representing financial institutions, both with regard to fiduciary risk management and with regard to the administration of individual fiduciary accounts within the context of corporate oversight. On Friday, the Daily Mail exclusively reported the very specific reason that Dr. Peter Bing cut Steve Bing's children, Damian and Kira, out of his billion-dollar trust fund established for his grandchildren.According to the Daily Mail report, Damian Hurley and Kira Bonder were cut out of the will, in which they would have received $250 million each alongside the two children of Steve Bing's . During the time of his death, Kirk Kerkorian's net worth was a massive one with $4.2 billion. The two children born out of wedlock by Peter Bing, Damien Hurley and Kira Bonder, were left to fend for themselves. Steve accused his father of scheming with Mary to orchestrate a massive money-grab to deprive Kira and Damian of their inheritance and thereby increasing perhaps even doubling her own childrens share of the available fund.. After initially challenging Hurley to prove his paternity, Bing later provided a DNA test proving his innocence. -Moved department from paper based quarterly close process to electronic based monthly . 'It is a tough time for them. Daphne focuses her practice in the areas of estate and trust administration and estate and tax planning. Paternity tests proved that Bing was the biological father of Hurley's son Damian and Bonder's daughter Kira Kerkorian, but neither grew up in his home. Full Name: Steve Bing: Net Worth: $600 million, $600 million: Date Of Birth: March 31, 1965, March 31, 1965: Height: 1.93 m, 1.93 m: Occupation: Businessman, film . Bing inherited a $600million fortune from his grandfather in 1983 but friends say he had whittled it away with poor investments, leaving it unclear how much is left. Dr. Bing tried to cut the two out of his trust by attempting to clarify his interpretation of the term grandchild. Dr. Bing established his trust in 1980 to benefit [his] future grandchildren, who were born or adopted at a young age by Steve or Dr. Bings daughter, Mary. The 6 ft 4 in playboy bachelor, who inherited a $600 million (480 million) family fortune from his New York property developer grandfather, at one time counted Warren Beatty, Mick Jagger and Playboy founder Hugh Hefner among his friends. Friends of Steve Bing have revealed how the millionaire philanthropist had been going through a 'dark time' and talked about 'battling mental illness' before his death. My thoughts are with his family at this difficult time. Daniel's 5th outing as Bond gets bums back on seats in the cinema. Mar 2012 - Present10 years 5 months. Dr Peter Bing argued for their removal primarily on the basis that the two children, now aged 19 and 23 respectively, were born out of wedlock. 'To the best of my knowledge, Stephen has never met Damian and Stephen only met Kira after she became an adult. Stephen Bing has an estimated net worth of $600 million. 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After his fathers death, his son expressed his gratitude to his followers for their overwhelming kindness. In 2002, meanwhile, Bing sued billionaire Kirk Kerkorian, 84, for invasion of privacy after the latter hired private detectives to go through his rubbish, removing a piece of dental floss. More recently, he supported Elizabeth Warren's failed campaign for the Democratic presidential nomination in 2020. Liz Hurley is an English actress and model. Steve Bing's father Dr Peter Bing is trying to prevent Kira Kerkorian Bing, 20, from gaining access to a trust he set up for his grandchildren, according to Los Angeles court papers. Kirk Kerkorian died in 2015 and Kira was awarded $8.5million from his will in a 2016 settlement. In 2011, Bing's wealth was estimated by the Los Angeles Business Journal as $700million despite his large donations to Democratic candidates and other causes. A complicated man who realised that immense wealth was both a blessing and a curse, Steve Bing spent his life both revelling in his money and trying to escape the problems it caused him. Having paid Lizs six-figure legal bill when she was sued by the Screen Actors Guild for strike-breaking, Bing was less generous when she revealed in 2001 that she was pregnant with his child. Hurley yesterday posted a heartfelt tribute to Bing, saying she was 'saddened beyond belief that my ex Steve is no longer with us'. Bing was also said to have faced financial problems after making 'ill-advised investments' that whittledaway his enormous fortune. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. However, Steve Bing opposed his father's effort - calling it a 'massive money-grab' to deprive Kira and Damian of their inheritance. On Instagram, he described his father as a true cricketing father to me. Ill miss him so much. Last year his father Dr Peter Bing tried to cut Damian and Kira from trust fund; . The Mail's report estimates that Damian's share of the trust fund could've been worth as much as $ . 6 Steve Bing: Rumors and Controversy. Hurley had rejected Bing's money in 2002 but said yesterday that they had 'become close again' recently and spoken on Damian's 18th birthday. 'I have always made it perfectly clear to Stephen Bing, the father of my son Damian, that I don't want any financial help from him whatsoever,' she said at the time. Calling his death a 'terrible end', she said she had 'good, wonderful memories of a sweet, kind man' despite the 'tough times' in their relationship. However, his deep wallet and charm won him famous friends in the film world including the actor James Caan, who became a father figure. Damian Hurley's net worth explored. Elizabeth Hurley claims to have kept her youth for nearly two decades by using Este Lauder Advanced Night Repair Serum. [1][26] He had been depressed about lack of human contact during the Coronavirus disease quarantine. Steve Bing Net Worth is $12 Million Mini Biography. Peter, a doctor, claimed Damian was not entitled to inherit money as he had been born out of wedlock and brought up by Hurley rather than Bing. A man who shunned romantic commitment and lived alone, Bing had also fallen out with his own family by the time he died, accusing them of trying to write both Damian and Kira (his daughter with Bonder) out of the family fortune on the grounds that the children were born out of wedlock and never really lived with him. He was born on March 31st, 1965 to Helen and Peter Bing. Mr Bing's own fortune comes largely from his real estate developer grandfather, Leo S Bing, who struck it rich in New York in the 1920s. [27], At the time of his death, he was worth $300,000, having spent most of the $600 million he had inherited. He financed and produced the independently released Jerry Lee Lewis album and Last Man Standing. Girls are all over him.. Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Her first ex-husband name was Tom Kreiss. Bing also spent huge sums on Democratic political causes, contributing $3.5million to support a 1998 initiative that imposed a 50-cent-per-pack tax on cigarettes to fund anti-tobacco programs. She is 54 and has an estimated net worth of $3 million. Although Bing initially denied he was the biological father, Hurley vehemently denied that it could have been any other man. Damian is Hurley's son with ex Steve Bing, who died by suicide in 2020. . After he was forced to admit he was Damians father, Bing said he would pay 100,000 a year into a trust for the boy. His generosity to Democrat causes introduced him to another set of prominent pals: he and Clinton were friends of Jeffrey Epstein, the late paedophile financier and friend of Prince Andrew. Sharing hitherto unseen photos of them together in happier times on social media, Hurley said she was saddened beyond belief at his terrible end. Steve hit back, accusing his father and sister Mary of orchestrating a massive money-grab designed to ensure more money went to Marys two children. The case is now closed, the coroner added. In Re Estate of Nelson, a 2018 New Jersey case, considered a similar issue and determined that courts may look beyond the apparent plain language in a trust to determine the settlors probable intent. 7 Body Measurements: Height, Weight. . Do not sell or share my personal information, For confidential support in the United States,call the National Suicide Prevention Line on 1-800-273-8255, In the UK, call the Samaritans on 116123 or visit a local Samaritans branch, see www.samaritans.org for details, In Australia,call the Lifeline 24-hour crisis support on 13 11 14. By the evening of June 22, most of Bing's inner circle, including Bill Clinton and Mick Jagger, had heard the news: Just after 1 p.m. Bing had leaped to his death from his apartment balcony . Moreover, Damian's grandfather real estate agent Dr. Peter Bing tired to prevent Hurley and his half-sister Kira Kerkorian, from accessing . They split briefly in March 2001 but resumed the relationship to spend time together at his suite at the Hotel Bel-Air, and they holidayed at Elton Johns villa in Nice that August where Damian is reported to have been conceived. The result of the court-ordered DNA test was final. . Top 3 Results for Peter Bing. Bing & Bing was one of the most important apartment real estate developers in New York City in the early 20th century.. . Reports suggest Prince Charles will live "in a flat above the shop" when he becomes king. The main source of his income is from his multiple careers as an American businessman and film producer. Further, the New Jersey Uniform Trust Code specifically allows the courts to construe terms of a trust to conform to the settlors probable intent. N.J.S.A. Bing's Shangri-La Industries had helped to finance the Warren Beatty movie Rules Don't Apply, which flopped at the box office and faced an $18million lawsuit in 2017, according to the Hollywood Reporter. Income: Will be Updated Soon: Net Worths: $800-900K USD (as in 2020) Favourite Color: Blue: Favorite Food: Mexican Cuisine: Favourite Place: Italy: FAQ. He produced films such as Get Carter, Every Breath, and The Polar Express. 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