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Steve Bing, the film financier and philanthropist who backed hit movies from Robert Zemeckis’ The Polar Express and Beowulf to the Rolling Stones concert movie Shine a Light, has died.

According to law enforcement sources, Bing jumped from a Century City building at around 1 p.m. Monday. Following standard protocol, the Los Angeles Police Department would not confirm that the individual in question was Bing. However, the description of the man in his 50s who was found dead on the scene fits that of the producer.

Bing, also an influential political donor, was a real estate tycoon from a family with a rich history. In 2012, he pledged a $30 million legacy gift to the Motion Picture & Television Fund.

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