Movie Financier & Philanthropist Jumped From Century Metropolis Constructing, Authorities Say

Film Financier & Philanthropist Jumped From Century City Building, Authorities Say

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Up to date, with remark from former President Invoice Clinton: Steve Bing, the movie financier and philanthropist who backed hit films from Robert Zemeckis’ The Polar Specific and Beowulf to the Rolling Stones live performance film Shine a Gentle, has died.

Based on legislation enforcement sources, Bing jumped from a Century Metropolis constructing at round 1 p.m. Monday. Following customary protocol, the Los Angeles Police Division wouldn’t verify that the person in query was Bing. Nonetheless, the outline of the person in his 50s who was discovered lifeless on the scene suits that of the producer.

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Bing, additionally an influential political donor, was an actual property tycoon from a household with a wealthy historical past. In 2012, he pledged a $30 million legacy reward to the Movement Image & Tv Fund.

“For years Steve Bing has been one of the most philanthropic and generous people in our industry,” Jeffrey Katzenberg mentioned on the time. “He has also been one of the most loyal supporters of the MPTF through both the good and challenging times. Now with this amazing contribution he puts us another step closer to securing our long-term goals.”

On Tuesday, former President Invoice Clinton issued an announcement, saying, “I loved Steve Bing very much. He had a big heart, and he was willing to do anything he could for the people and causes he believed in. I will miss him and his enthusiasm more than I can say, and I hope he’s finally found peace.”

Bing’s screenwriting credit together with co-writing the 2003 characteristic movie Kangaroo Jack. His government producer credit embrace Get Carter (2000), On the lookout for Comedy within the Muslim World (2005), Youth in Revolt (2009) and Rock the Kasbah (2015).

Extra lately, he joined with fellow deep-pocketed financiers Ron Burkle, Terry Semel, Arnon Milchan’s New Regency and James Packer’s and Brett Ratner’s RatPac Leisure to finance Warren Beatty’s two-decades-in-the-making Howard Hughes film Guidelines Don’t Apply, which was launched in 2016.

He was the chairman of the production-finance firm Shangri-La Leisure, whose most up-to-date credit embrace 2017’s Kingsman: The Golden Circle.

Bing zealously guarded his privateness, however was — particularly through the 1990s and 2000s — among the many prime progressive political donors, bankrolling environmental initiatives. He contributed almost $50 million of his personal cash to an oil manufacturing tax that went down in defeat in 2006. He was significantly near Clinton, having given a minimum of $10 million to his basis.

In 2009, when Clinton flew to North Korea to barter for the discharge of two American journalists, Euna Lee and Laura Ling, it was Bing who picked up the tab.

Not less than when it got here to public consideration, Bing was way more low key than the outsized world of philanthropy and fundraising.

In 2000, when the Democratic Nationwide Committee was struggling to seek out donors to pay for the social gathering’s conference in Los Angeles that 12 months, then-DNC fundraiser Terry McAuliffe visited Burkle’s home to line up funding. McAuliffe wrote in his e book that he was a bit shocked when Bing arrived “wearing ripped up old jeans and a T-shirt with holes in it.”

McAuliffe wrote that he thought Bing could be a pool man or a gardener. When McAuliffe gave him the pitch, Bing mentioned, “All right, I’ll help you out.”

Then, in keeping with McAuliffe, Bing pulled out a crumpled take a look at of his denims pocket, unfolded it, “and had to run his hand over it a few times to get it straightened out enough to write on.” Bing wrote out the determine $1,000,000.

Born on March 31, 1965, Bing was the grandson of Leo S. Bing, the namesake of the Los Angeles County Museum of Artwork’s Bing Theatre.

Deadline’s Ted Johnson contributed to this report

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