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Michael Steven Ovitz (born December 14, 1946) is an American businessman. He was a talent agent who co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995. Ovitz later served as president of The Walt Disney Company for only 16 months, from October 1995 to January 1997.
- What Is Michael Ovitz's Net Worth and Salary?
- Early Life
- CAA
- Leaving CAA
- Disney
- Disney Payout
- Other Work
Michael Ovitz is an American talent agent who has a net worth of $500 million. Mike Ovitz is best-known for being a co-founder of Creative Artists Agency (CAA). He co-founded the firm in 1975 and served as its managing partner and chairman until 1995 when he left for a brief but extremely lucrative stint at Disney that became legendary in its own r...
Michael Ovitz was born December 14, 1946 in Chicago, Illinois. His family eventually moved to Encino, Ca, in the suburbs of Los Angeles. While studying at UCLA he worked as a part-time tour guide at Universal Studios. After graduating Mike landed a job in the mail room at the William Morris Agency. In 1975, Mike and four other William Morris collea...
They borrowed $21,000 from a bank, rented a small office and began conducting business on card tables and rented chairs. Their wives took turns as agency receptionist. Under Orvitz' direction, CAA quickly grew from a start-up organization to the world's leading talent agency, expanding from television into film, investment banking and even advertis...
Mike had been itching for another job in entertainment for several years. He noticed how the heads of studios like Terry Semelhad cushy jobs where they would travel the globe casually reading a script or two on the way, whereas he was up at 5am every day and on the phone until midnight every night, 6-7 days a week. Furthermore, his studio-head cont...
Ovitz officially left CAA in 1995 to take a job as the #2 person at Disney. Mike initially thought he would soon become CEO of Disney, taking over for Michael Eisnerwho had been experiencing health issues. Eisner ended up essentially not giving up his position in any meaningful way which left Ovitz very frustrated and sandbagged. When he left CAA h...
Ovitz left Disney after a little over a year. As a parting gift he was paid $138 million ($38 million in cash and $100 million in stock). Disney shareholders sued Eisner and the Disney board for agreeing to such a large package, but that lawsuit was ultimately not successful. If Michael still holds those original $100 million worth of shares from 1...
Ovitz now acts as a private investor who has informally advised the careers of such notables as Martin Scorsese, David Letterman and Tom Clancy. Outside of business, Michael is an active investor and philanthropist. In 1999 he donated $25 million to UCLA's medical center. He is also one of the world's top art collectors, owning pieces by Jasper Joh...
In 1998, Ovitz founded AMG, a management and production company. He also serves on the board of directors of several companies, including MGM Resorts International and Live Nation Entertainment. As of 2021, Michael Ovitz's net worth is estimated to be $400 million. We recommend you to check the complete list of Famous People born on 14 December ...
- 77 years old
- producer
- 14 December, 1946
- Sagittarius
6 days ago · What is Michael Ovitz’s Net Worth in 2024? As of 2024, Michael Ovitz’s net worth is estimated to be around $400 million. This staggering figure is a testament to his successful career in the ...
Mr. Michael Ovitz is a Founder and Owner of Broad Beach Ventures. Previously, he co-founded CheckOut Entertainment Network. He also co-founded Creative Artists Agency. He holds BA in Film and Television from the University of California, Los Angeles (UCLA).
May 4, 1997 · LA500 2022. The Lists 2022. Wealthiest Angelenos 2023. Money Issue. The Money Issue 2024. Events. Nominations. ... Michael Ovitz Age: 50 Net Worth: $400 million Source of Wealth: Entertainment
Michael Ovitz Net Worth. Micheal gets his wealth from his work as a businessman, investor, and philanthropist who is the owner of Broad Beach Ventures LLC, a Venture Capital Fund he launched with James Ellis in 2010. Therefore, Michael has accumulated a decent fortune over the years. Michael’s net worth is $500 million. How Tall Is Michael Ovitz
