The death of millionaire socialite Steve Bing could revive a family feud over whether his two children - a son with actress Liz Hurley and a daughter with tennis player Lisa Bonder - will inherit the family wealth. Did Movie Producer Steve Bing Blow Through $600 Million Inheritance Before Committing Suicide? Although, after clear evidence, Steve Bing rejected his biological daughter as a part of his family. Moreover, he inherited a massive wealth of $600 Million from his grandpa and used it in his business . 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. Notable projects include Kangaroo Jack (which he co-wrote), Get Carter, Beowulf and The Polar Express. However, Steve Bing and Liz Hurley joined forces to oppose Dr Bing's gambit, which was dismissed by a US judge - leaving Damian and Kira in line for a share of the reported $480million fund. The Mail's report estimates that Damian's share of the trust fund could've been worth as much as $ . Plus, his massive inheritance as an heir made him a millionaire at the age of 18. Yet it was his relationship with Liz Hurley that finally dragged him into the limelight. Copyright FameChain 2023, All rights reserved. We last spoke on our son's 18th birthday,' she revealed. 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 was born on March 31st, 1965 to Helen and Peter Bing. . Dr Bing's lawyers argued that his other two grandchildren, the children of his daughter Mary, should receive the money. 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. Hes an equal-opportunity employer, a friend once quipped. It is with deep sadness that I inform you that my father, Mike Warne, passed away today, Hurley wrote on Instagram. 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. 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 The director of the Office of Management and Budget from 2009 to 2010 and director of the Congressional Budget Office from 2007 to 2008, he . Leo Bing's son Peter, now 90, didn't fancy getting into the real-estate business and instead became a doctor. Lisa Bonder dated Steve Bing in the latter years of . 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. Dr. Peter Bing said Kira, as well as Damian, had no right to the trust as they were . Steel was the most important industry in the US under Andrew Carnegies leadership. . [17] Hurley gave birth to Damian Charles Hurley on April 4, 2002, whom Bing never met. 5 Is Peter Bergman involved in any rumors and controversies? 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. The problems began when Peter's son, Steve, inherited a . 4.1 Lifetime Achievements and Awards. Instead, Bing pulled a crumpled blank cheque out of his back pocket and filled it out for $1 million before handing it over. [4] Bing attended the Harvard-Westlake School in Los Angeles. As per reports, Damian's net worth is estimated to be around $500k. Elizabeth Hurleys anti-aging secret was made public. He talked about battling mental illness, bipolar disorder.'. Friends believed his hotel living spoke volumes for his attitude to life, and particularly his romantic attachments. The film producer was worth millions after inheriting around $600 million . As of 2020, Dr Peter Bing is still alive and is 92 years old. 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 . The Daily Mail reported that a Los Angeles judge ruled that Steve Bing and Elizabeth Hurleys son Damian Hurley, 17, and his half-sister Kira Kerkorian, the daughter of Steve and former tennis pro Lisa Bonder, are beneficiaries to their grandfather, Dr. Peter Bings, trust. Net worth: Estimated $3 million: Salary: Not available (but her winning prize is $212395) Currently works at: Not available: Affiliations: Not available: Active status: Retired: . 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. The trust is set to terminate in October 2020. [14], In 2001, Bing sued billionaire Kirk Kerkorian for invasion of privacy. 6 Body Measurements: Height, Weight. The row surfaced again last year when Dr Peter Bing sought to remove Damian and Kira from a trust fund he had set up for his future grandchildren in 1980. Peter Jones is an English TV presenter, entrepreneur, and businessman who is best remembered as a panelist on the BBC Two television show "Dragons' Den" and on the American television series "American Inventor". 1 Who is Peter Bergman? 1. Discovering La Quinta Inns Pet-Friendly Accommodations: Tips For Finding The Perfect Pet-Friendly Stay, A Guide To Pet-Friendly Hotels In Clearwater Florida, Find Your Home Away From Home: The Pet-Friendly Regency Tower In Honolulu. Bing family sources insisted he had asked Hurley to have a termination but she refused, later rejecting his request that they attend counselling together to discuss how to proceed. The circumstances of Damians birth are very concerning, and Im sorry for his loss. I will miss him and his enthusiasm more than I can say, and I hope he has finally found peace.. Further, his birth sign was Aries. So, if you ever wondered how rich Peter Reckell is, it has been estimated by authoritative sources that the total size of his net worth is over $3 million, accumulated through his successful . Other beneficiaries of his political pursuits included: the California Democratic Party ($640,172); Governor Gray Davis ($675,000); and San Francisco Mayor Gavin Newsom, whose campaign received $750 in 2004.[11]. Daniel's 5th outing as Bond gets bums back on seats in the cinema. The court ordered that both Damian and Kira will have access to a trust fund reportedly worth more than . He gained widespread notoriety after having a child with actress Elizabeth Hurley. As of January 2023, Peter Jones' net worth is roughly $400 Million. However, given that he had already pledged to donate most of his estimated remaining $590 million (470 million) fortune to charity, sadness over his death is unlikely to be compounded by a battle over his money. Bonder said she and Kira had forged stronger bonds with Bing in the two years leading up to his death. . He had limited success as a screenwriter and his first film was an erotic thriller, Every Breath, that went straight to video. 'His latest film with Warren Beatty went upside down, and many people took him for a lot of money,' the source said. 2. The court found that Damian and Kira 'are beneficiaries of the Trusts if they are biologically born children of Settlor's child', referring to Steve Bing. 7 Social Media Profile. Bing's denied that he was the father of Ms Hurley's son Damian (pictured left), with only a DNA test proving that he was the father. STEVE BING was heartbroken over the drug death of his 28-year-old girlfriend before he took his own life, it has been reported. Bing's father, Peter, a doctor who worked for John F. Kennedy and Lyndon Johnson before turning full-time to philanthropy, and his mother, Helen, a nurse, have donated mightily, including a $50 . [6] He was also the financier of Robert Zemeckis' Beowulf,[7] and the producer/financier of Shine a Light, a Rolling Stones concert film directed by Martin Scorsese. Bring Your Pet Along With You To The Graduate Hotels Pet-Friendly Accommodations Await! 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Steve Bing, a real estate heir who became a Hollywood producer and film financier, died on Monday in Los Angeles after jumping from the balcony of his 27th-floor apartment. Steve Bing Net Worth . 'It is a tough time for them. Steve Bing inherited a whopping $600 million at the age of 18 from his real estate developer grandfather. Peter is related to Jodean Dean Bing and Luke M Bing as well as 2 additional people. [13] Former President Bill Clinton was instrumental in their return and accompanied the reporters back to the United States. Steve Bing net worth. He had a rich background. Bing, 55, took his own life in Los Angeles on Monday, leaving the remnants of his $600million fortune and a tangled legacy involving two children he had hardly met. One friend told Page Sixthat Bing's 'close friends are devastated about his death but, sadly, not surprised'. Helen and Peter Bing are American businesspeople, philanthropists, and art collectors. What Happens to the Ring When the Groom Dies Before He Weds? On Instagram, he described his father as a true cricketing father to me. Ill miss him so much. 'We decided to come together for the sake of our daughter,' she said. His sexual appetites, however, were very much in line with Hollywood tradition. But Hurley rejected the offer. According to a police report, the film producers suicide resulted in multiple blunt trauma to the head. Tragically, it appears to have been his loneliness in lockdown that proved too much for him, leading him to plunge to his death from the 27th floor of his Los Angeles apartment block on Monday. After Cornellius Vanderbilts death in 1899, his son William Henry Vanderbilt took over the family business, which included the New York Central Railroad. Steve is estimated to be worth a whopping 380million, the Daily Mail reports, after he inherited his grandfather Leo's fortune. The fatal fall of religion: Rise in middle-aged white 'deaths of despair' - such as suicide and alcohol abuse - may be fueled by declining faith, report argues, Do me a solid, Zuckerberg! It is believed to be correct at the time of inputting and is presented here in good faith. LIZ HURLEY has spoken out on her heartache after discovering that her son Damian Hurley has been cut out of his grandfather's 180million will following his late dad Steve Bing's tragic death. 'Fortunately one can refuse to accept it. 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. This is also true in New Jersey where settlors have some wiggle room. This net worth evaluation does not reflect any other assets that Mr. Bauer may own. After his fathers death, his son expressed his gratitude to his followers for their overwhelming kindness. Stephen Bing Net Worth: Stephen Bing was an American heir, businessman, film producer, and donor to progressive causes. Liz Hurley posted these pictures of herself and her ex Steve Bing after his death at the age of 55 - a year after they joined forces to preserve their son Damian's inheritance rights, Former tennis player Lisa Bonder (left) with Steve Bing and their daughter Kira Kerkorian. [1] His parents were Helen, a nurse, and Peter Bing, a doctor in public health. 2023 Celebrity Net Worth / All Rights Reserved. He also has a stake in the NBAs Sacramento Kings. Bing later bought a small two-bedroom home in Bel Air but subsequently bought the adjoining seven houses so he could knock them down and build a palatial, private compound. 8 Social Media Profile. Steve inherited 0 million dollars from his grandfather when he was 18 years old, and his current net worth is estimated to be zero million dollars. The screenplay was turned into a movie starring Chuck Norris which had a sequel. Bing attended the Harvard-Westlake School in Los Angeles. In June, Father's Day came and went and Steve Bing, the film producer and philanthropist, had failed to call legendary rocker Jerry Lee Lewis at his Mississippi . In addition to his producing and film finance work, he also co-wrote both the screenplay and the story of Kangaroo Jack (2003). 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 . Peter Reckell Net Worth. Bing was a longtime friend of Bill and Hillary Clinton. Explore how the celebrity world connects. 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. Dr. Bing argued that he did not intend for children who were born out of wedlock and who did not live in their parents home for a significant amount of time as a minor to be beneficiaries. [8] Bing also financed and produced the independently released Jerry Lee Lewis album Last Man Standing.[9]. She has been associated with the fashion industry since the early 1980s, and has appeared in many advertising campaigns and fashion shows. Steve Bing has been in the news in recent years due to issues with Damians father. Similarly, his father's name is Peter Bing, and he was a public health doctor. All relationship and family history information shown on FameChain has been compiled from data in the public domain. born 1966, age 54 (approx.) In October 2008, Bing pledged to match donations made to the NO[clarification needed] on Proposition 8 campaign from October 17 to October 19. In March 2019, Peter Bing went to court to cut Damian and Kira out of a "grandchildren trust" he had established years earlier. A year after his father Steve Bing took his own life aged 55, the model's grandfather Dr Peter Bing has successfully appealed a decision that would have included him in trust funds worth up to a . Liz and I are as one on that, she said, adding:'It is never easy for a child to lose a parent in such a tragic manner.'. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, No one likes a complainer! See the Elon Musk family tree here at FameChain. However, Steve Bing opposed his father's effort - calling it a 'massive money-grab' to deprive Kira and Damian of their inheritance. ', Liz Hurley posted a tribute to Bing on Instagram as news of his suicide spread, saying she was 'saddened beyond belief' while describing him as 'a sweet, kind man', Damian Hurley, Bing's son, uploaded his own Instagram post - describing the news as 'devastating' and adding: 'This is a very strange and confusing time and I'm immensely grateful to be surrounded by my phenomenal friends and family'. The film, Rules Don't Apply, had a budget of $25million but brought in only $3.9million in worldwide revenue. 21 records for Peter Bing. In 2014, Peter revealed that he expected to make about $4 million in his role as an executive at CitiGroup. The brothers often worked with the architect Emery Roth on buildings like The Alden, at 82nd Street and Central Park West, and the Southgate complex of apartment houses on the . . As of 2019, the former sportswriter of Sports Illustrated, Peter King has a net worth of $5 Million.He worked for 29 years in Sports Illustrated and was a writer for The Cincinnati Enquirer from 1980 to 1985.Similarly, he also wrote for the daily newspaper, Newsday from 1985 to 1989.In 2013, Sports Illustrated signed a three-year contract extension with King. 2.1 In which school did Peter Bergman attend? 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 . Kirk Kerkorian died in 2015 and Kira was awarded $8.5million from his will in a 2016 settlement. 'To the best of my knowledge, Stephen has never met Damian and Stephen only met Kira after she became an adult. 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. 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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. We welcome all corrections and feedback using the button below. Acutely sensitive about his wealth, he preferred to donate from the shadows. [28], Learn how and when to remove this template message, 5 months of a 12-year sentence in North Korea, "Steve Bing, Hollywood Producer and Financier, Is Dead at 55", "$25 million gift endows overseas program, renamed in honor of Bings", "50% of New "Giving Pledge" Donors are Jewish", "Steve Bing, philanthropist and film producer, dies after fall from building", "Californians for Clean Alternative Energy", "William J. Clinton Foundation | Contributor Information", "After Clinton Trip, U.S. Studies Signals From N. Korea", "Steve Bing to Pay $200K for Clinton Korea Trip", "Dramatic claim to Bing's massive inheritance", "Liz Hurley's son finally permitted to watch godfather Hugh Grant's movie", "Billionaire Reports a Shakedown in Hollywood", "Steve Bing, Producer and 'Kangaroo Jack' Writer, Dies by Suicide at 55", "STEVE BING Writer/Producer, Liz Hurley's Ex DEAD AT 55 FROM SUICIDE", "The Tragic Last Days of Movie Mogul Steve Bing", https://en.wikipedia.org/w/index.php?title=Steve_Bing&oldid=1134281781, American people of Russian-Jewish descent, Pages containing links to subscription-only content, Articles needing additional references from June 2020, All articles needing additional references, Pages using infobox person with multiple partners, Wikipedia articles needing clarification from January 2022, Articles needing additional references from July 2020, Creative Commons Attribution-ShareAlike License 3.0, Businessman, film producer, philanthropist, This page was last edited on 17 January 2023, at 22:15. 2001, Bing sued billionaire Kirk Kerkorian for invasion of privacy that Mr. Bauer may.. 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