We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Bilbo Bags A Billion: ‘Lord Of The Rings’ Director Peter Jackson Is Officially A Billionaire
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Bilbo Bags A Billion: ‘Lord Of The Rings’ Director Peter Jackson Is Officially A Billionaire
The Tycoon Herald > Business > Bilbo Bags A Billion: ‘Lord Of The Rings’ Director Peter Jackson Is Officially A Billionaire
BusinessEntertainmentTycoon

Bilbo Bags A Billion: ‘Lord Of The Rings’ Director Peter Jackson Is Officially A Billionaire

Tycoon Herald
By Tycoon Herald 5 Min Read Published November 12, 2021
Share
SHARE

Weta brought Gollum, pictured here as a model with director Peter Jackson, to life through a combination of motion capture and visual effects software.

Getty Images

Lord of the Rings director Peter Jackson’s foray into visual effects through his shop Weta Digital has paid off big time. The New Zealand-based firm, which he cofounded to provide effects for Heavenly Creatures (1994), grew into a Hollywood powerhouse, providing computer-generated imagery for everything from Wolverine (2013) to the 2019 remake of Lady and the Tramp. On Tuesday, Weta announced that a chunk of its assets were being sold for $1.6 billion to Unity Software, which makes software for videogames. Forbes conservatively estimates the deal officially makes Jackson a billionaire.

Jackson, along with his life partner Fran Walsh, own a controlling 60% stake in Weta, according to New Zealand regulatory filings. Unity, which is traded on the New York stock exchange, is paying a billion in cash, the rest in stock, which translates to about $600 million in cash and $375 million in stock for Jackson, who also directed King Kong (2005) and the three Hobbit movies (2012-14).

Bonus: New Zealand typically doesn’t levy capital gains tax, meaning Jackson walks away with a bigger payday than he would in the U.S. 

Jackson isn’t the only famous name in line for a big payday. Lord of the Rings superfan Sean Parker, the billionaire tech investor best known for founding Napster and serving as Facebook’s first president, has as 25% stake in Weta, worth $400 million pretax. Other than confirming the accuracy of the New Zealand filings, neither Jackson, Parker or Weta responded to requests for comment.

Jackson was already rich before the Weta sale. Sources tell Forbes that Jackson made $10 million up front for each of the three Lord of the Ring’s films (2001-2003) film, with at least another 10% of profits earned from each film’s box office receipts. The trilogy was a smash success, nabbing 17 Oscars (including Best Director and Best Picture honors) and total gross worldwide box office revenue of nearly $3 billion. 

A follow-up trio of Hobbit movies, the prequel to Lord of the Rings, gave Jackson an even bigger payday; likely $20 million per film with 20% backend, according to reports at the time. All told, The Hobbit movies brought in another $3 billion worldwide at the box office.

Weta was cofounded by Jackson with Jamie Selkirk and Richard Taylor in 1993 to create visual effects for Kate Winslet’s film debut in Heavenly Creatures. The shop went on to work on a few other late-90s films, including 1997’s science fiction drama Contact. But it wasn’t until The Lord of the Rings hit the big screen that Jackson—and Weta—became known for visual effects masterpieces. The firm used motion capture of the actor Andy Serkis to create the now-iconic on-screen visualization of the character Gollum, the Hobbit-turned-monster through his obsession with the “precious” One Ring. It also developed custom software to render the battle scenes in the trilogy, “cast of thousands” affairs that stretched CGI technology to its limits.

Weta made Pandora and its blue-skinned beings for the 3D eyebender Avatar (2009). It was responsible for the large-scale battle scenes and piercing dragon fire in the final season of HBO’s Game of Thrones. This year, Weta’s fingerprints are on post-pandemic hit Shang-Chi and the Legend of the Ten Rings and The Suicide Squad.

The Unity deal is specific to Weta’s suite of visual effects tools and their underlying technology, plus 275 of the firm’s engineers. Once the deal goes through, those parts of Weta will be under Unity’s umbrella. Their goal? To make Weta’s visual effects suite available to creators across the world via the cloud—one software to rule them all. 

You Might Also Like

Criss Angel Shares Cryptic IG Publish About ‘Narcissist’ Tearing Household Aside

Victoria’s Secret Style Present Should-Haves on Amazon

Cardi B Sizzling Photographs To Kick Off Her thirty third Birthday!

Eddie Hearn Says Boots Ennis Is The Boxer Succesful Of Beating Bud Crawford

Chicago Information Producer Violently Arrested by Feds in Site visitors, on Video

TAGGED:EntertainmentThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
India is forcibly deporting Muslims, together with its personal residents, after Kashmir violence
World

India is forcibly deporting Muslims, together with its personal residents, after Kashmir violence

A Rohingya refugee girl walks house, carrying a container of ingesting water fetched from a distribution level in Madanpur Khadar Rohingya refugee camp, in New Delhi, India. Pradeep Gaur/SOPA Photos/LightRocket…

By Tycoon Herald 12 Min Read
Victoria’s Secret Style Present Should-Haves on Amazon
October 11, 2025
Israel strikes south Lebanon, killing 1 and wounding 7
October 11, 2025
Keely Hodgkinson: British Olympic champion ends season with 800m win at Athlos in New York
October 11, 2025
Cardi B Sizzling Photographs To Kick Off Her thirty third Birthday!
October 11, 2025

You Might Also Like

DDG Extends Olive Department to Halle Bailey Amid Bitter Custody Battle
Entertainment

DDG Extends Olive Department to Halle Bailey Amid Bitter Custody Battle

By Tycoon Herald 2 Min Read
‘The Boys’ Actor Malcolm Barrett Will Not Be Charged in Sexual Assault Case
Entertainment

‘The Boys’ Actor Malcolm Barrett Will Not Be Charged in Sexual Assault Case

By Tycoon Herald 2 Min Read
Katie Porter Allegedly Known as Ex-Husband “F—ing Idiot,” Dumped Sizzling Mashed Potatoes on Him
Entertainment

Katie Porter Allegedly Known as Ex-Husband “F—ing Idiot,” Dumped Sizzling Mashed Potatoes on Him

By Tycoon Herald 3 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Entertainment

‘Deadpool & Wolverine’s Deleted Joke Revealed, Requested By Bob Iger To Take away

"Deadpool & Wolverine" had only one joke that went too far for Disney, so it was…

By Tycoon Herald
Innovation

How To Create An ‘Irresistible Offer’ When Starting A Business

Help is always welcome. Young man in standing in park stretches his hand. Focus is on…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?