While the net worth of Michael Ovitz is still under discussion, he is considered one of the top 200 collectors of art in the world. His collection includes works by Pablo Picasso, Mark Rothko, and Willem de Kooning. He also has stakes in three prestigious Westside buildings. One of them houses the offices of CAA and the other is home to top entertainment law firm Ziffren, Brittenham, and Fischer.
Michael Ovitz was born in 1946 into a Romanian Jewish family. His father was a liquor wholesaler. He went on to attend the University of California, Los Angeles, where he studied acting. While attending UCLA, he also worked for Universal Studios. He earned a Bachelor of Arts in Theatre, Television, and Film.
Michael Ovitz is married to Judy Reich. He and his wife have three children together. Their daughter Kimberly is a fashion designer, while their son Chris is a movie producer. Michael and Judy Ovitz have a great relationship and live in Los Angeles. He is also engaged to Tamara Mellon.
Michael Ovitz has a net worth of $550 million USD. The bulk of his income comes from his companies. During his time with Disney, he earned $139 million in salary. Additionally, he has $38 million in cash and stock from the company. He also donated $25 million to the UCLA Medical Center.
Michael Ovitz’s net worth is constantly changing. This is mainly due to his stock options. He co-founded Creative Artists Agency and was its chairman until 1995. In 1996, he resigned from Disney and received $100 million in cash and $38 million in stock as payment for his resignation. After that, he formed his own company, CKE, which has four companies. He eventually sold his Artist Management Group for $12 million and currently acts as a private investor.
Ovitz’s net worth is a reflection of his successful career as an actor, producer, and businessman. His CAA talent agency is one of the leading talent agencies in the world. His shrewd business tactics have allowed him to become one of the most influential men in Hollywood. Although he has yet to receive an award for his efforts, he has influenced the film industry for decades.
Michael Ovitz’s net worth is estimated to increase further over the next few years. His net worth continues to rise due to his work as a producer and philanthropist. He is married and has three children. He was born in 1946 in Chicago, Illinois, U.S. and is currently 73 years old.
After launching his own talent agency in 1984, Michal Ovitz expanded his business from talent representation to investment banking and advertisement. He quickly became one of Hollywood’s most influential people, and was profiled in a 1989 New York Times article. He was promoted to Chairman of the Board of CAA and was instrumental in the Matsushita acquisition of MCA/Universe and Sony’s takeover of Columbia Pictures and MGM/United Artists.
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