Stephen Bing Net Worth: Stephen Bing is an American heir, businessman, film producer, and donor to progressive causes who has a net worth of $600 million dollars. Stephen Bing is a successful real estate developer, film producer, and the founder of Shangri-La Business Group, which holds interests in everything from property to music. He also contributes heavily to environmental causes and the Democratic Party. He has a child with actress Elizabeth Hurley.
He was born Stephen Leo Bing on March 31, 1965. Bing inherited an estimated $600 million at the age of 18. A child of working parents Helen, a nurse, and Peter Bing, a doctor in public health, Stephen Bing received the wealth form his grandfather, Leo S. Bing, who had made his fortune in New York real estate in the 1920s.
While he was still attending the elite LA Harvard-Westlake private school, Stephen wrote (with veteran sitcom writer Arthur Silver) his first screenplay, "Missing in Action". The screenplay was turned into a movie starring Chuck Norris which had a sequel.
Bing dropped out of Stanford University in his junior year to pursue a career in Hollywood. Over the years Stephen has produced dozens of movies. Notably projects include Kangaroo Jack, Get Carter, Beowulf and The Polar Express. He reportedly invested $80 million in The Polar Express, an animated film featuring the voice of Tom Hanks. The movie earned $285 million globally and became one of the year's top box office successes. He financed and produced the independently released Jerry Lee Lewis album and Last Man Standing.
Bing is the founder of the Shangri-La business group, an organization with interests in property, construction, entertainment, and music. As for his private life, Bing has attracted media attention for dating some of the world's most beautiful women, as well as for being involved in high-profile lawsuits. It was around 2001 that he was embroiled in two separate paternity cases involving models Elizabeth Hurley and Lisa Bonder.