Cameron Mackintosh Named Theatre's First Billionaire

News   Cameron Mackintosh Named Theatre's First Billionaire
 
Forbes says London producer is the first to make such a killing from the legitimate theatre.
Cameron Mackintosh and Andrew Lloyd Webber
Cameron Mackintosh and Andrew Lloyd Webber

Cameron Mackintosh, whose producing credits include Cats and The Phantom of the Opera, is the first billionaire to amass such a fortune in the theatre, according to Forbes magazine.

In addition to the aforementioned international hits, the British producer solely owns the rights to Miss Saigon, which will be returning to Broadway in 2017, and Les Misérables, which concludes its latest run on The Great White Way in September. About the latter, Mackintosh told Forbes, "Only after Les Misérables did people realize that you could [make] more money in musicals than in movies."

The 69-year-old producer is also the owner of eight theatres in the West End and has a 75 percent share of the Broadway licensing organization Music Theatre International. "You never know when money is going to come, when it's going to go... I'm more surprised than anyone," he said.

Mackintosh's next venture will likely be producing the London production of the New York stage hit Hamilton.

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