Early Life
His parents are Helen, a nurse, and Peter Bing, a doctor in public health. At the age of 18, Bing inherited an estimated $600 million from his grandfather, Leo S. Bing, who had made his fortune in New York real estate in the 1920s. The Los Angeles Business Journal's January 2010 publication of "The Lists 2010" listed him in their "Wealthiest Angelenos" section of the magazine, which estimated his worth at $590 million, coming in at No. 46.
Bing attended the elite Los Angeles Harvard-Westlake private school. Before graduation, he had written (with veteran sitcom writer Arthur Silver) his first screenplay, "Missing in Action." It became a Chuck Norris film that had a sequel. Bing dropped out of Stanford University in his junior year to pursue a career in Hollywood.
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