Jerry Seinfeld is being paid £1 million for a one-off 90-minute stand up performance at The O2 Arena in London his first stage appearance in the UK capital city in 12 years.

Best known for playing himself in TV sitcom 'Seinfeld',he struck the lucrative deal to perform his first London show in 12 years on June 3 next year and will receive the huge sum for the 90-minute set at The O2 Arena.

More than 20,000 tickets have gone on sale at up to £110 each.He last told jokes in London at the Palladium in 1998, with tickets for the date selling out in less than 30 minutes.

Jerry Seinfeld,the world’s richest comedian,claims he is preparing for his routine by drinking "lots and lots of rocket fuel Stumptown coffee" and he is looking forward to perform at the venue where so many of his comedy peers have performed.

“The O2 is a pretty big place. I’ve heard great things about it from my good friends Chris Rock and Ricky Gervais and, who’s that other fella? The tall skinny one… Russell Brand. I prefer old theaters because the ­audience is more… trapped.” said Seinfeld and he also joked, being asked about the price :“Really, am I worth that much? Let’s hope there’s an audience for me in Britain."

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