Michael Ovitz


Quick Facts

Celebrated Name: Michael Ovitz
Real Name/Full Name: Michael Steven Ovitz
Gender: Male
Age: 75 years old
Birth Date: December 14, 1946
Birth Place: Chicago, Illinois, United States
Nationality: American
Height: 5 ft 7 in
Weight: 65kg
Sexual Orientation: Straight
Marital Status: Married
Wife/Spouse (Name): Judy Reich
Children/Kids (Son and Daughter): Yes (Kimberly Ovitz, Eric Ovitz, and Chris Ovitz)
Dating/Girlfriend (Name): N/A
Is Michael Ovitz Gay?: No
Profession: Businessman, Investor, and Philanthropist
Instagram   michaelovitz/?hl=en
Net Worth in 2022: $550 million

A well-known investor and entrepreneur is Michael Ovitz. The Creative Artist Agency was co-founded by him. The billionaire presided at CAA as chairman from 1945 to 1995. In the 1980s, he was thought to be the most influential person in Hollywood.

Later, the philanthropist took the helm as CEO of The Walt Disney Company. He served as the chairman of Disney from 1995 until 1997. Tom Cruise, Dustin Hoffman, Kevin Costner, John Belushi, Michael Douglas, Bill Murray, Sylvester Stallone, and many more celebrities are represented by Michal.

Bio of Michael Ovitz

On December 14, 1946, Michael Ovitz was born into a Romanian Jewish family. The businessman was a supplier of alcoholic beverages. Ovitz grew up in Encino, California, where he was born.  He was Birmingham High School’s student body president in Van Nuys.

He starts working at Universal Studios while going to UCLA. The University of Los Angeles awarded him a bachelor’s degree in theatre, film, and television in 1968. He created the Creative Artist Agency alongside four other energetic young people.

Peter Ovitz Height, weight, and age

Michael Ovitz was born on December 14, 1946, and as of 2022, he will be 75 years old. He stands 5 feet 7 inches tall and weighs 65 kilograms.

Michael Ovitz

Career

Michael had issues with the William Morris Agency’s compensation and career advancement. He wants to start his own business with Ron Meyer, William Haber, Rowland Perkins, and Mike Rosenfeld as partners. In 1975, after becoming aware of their plans, William Morris sacked them. The group created a corporation and secured a $21,000 bank loan.

To stay within their means, they rented a little office. They use card tables and rental chairs for their operation. Within his first week of operation, Michael sold three new film packing contracts.

The company expanded under Michael’s direction and rose to become the top talent agency in the world for start-up businesses. The business expands outside of television and into investment banking, cinema, and advertising. The New York Times published a feature of Michal Ovitz in 1989.

At CAA, he received a promotion from President to Chairman of the Board. Michael played a crucial role in deals including Sony’s purchase of Columbia Pictures from Matsushita, Matsushita’s acquisition of MCA/Universal, and MGM/United Artists’ financial rescue.

In 1995, Michael resigned from CAA to take the presidency of The Walt Disney Company. Michael Eisner, the chairman, is his superior. In 1997, Ovit was let go by Walt Disney. He established the Artist Management Group, Artist Television Group, Artist Production Group, and Lynx Technology Group in 1999. His business, AMG, merged with the management firm The Firm for an unknown price.

Now a private investor, the philanthropist. He is one of the top 200 art collectors in the world. The entrepreneur owns works by Mark Rothko, Pablo Picasso, Jasper Johns, Willem de Kooning, and Barnett Newman. The businessman wrote a memoir titled Who is Michael Ovitz? The book is based on my collaboration with CAA and the Disney Company.

Michael Ovitz Achievements and Awards

He did not receive any recognition.

Michael Ovitz Net Worth in 2022

Michal Ovitz’s net worth is $550 million as of June 2022. The philanthropist is well-known for being a co-founder of CAA.  He left Disney the businessman paid $139 million. Disney gave him $100 million in stock and $38 million in cash. The company shareholder unsuccessfully sued The Walt Disney Company for paying large fees to Michael. Treat Williams portrayed him in the 1996 television film The Late Shift. In 1999, he gave $25 million to UCLA’s medical center. Ovitz is a well-known philanthropist and investor.

Michal Ovitz is a talented businessman. He is the founder of various enterprises. Ovitz contributes to humanitarian organizations. Michal’s life is unconventional and plagued with danger.

Michael Ovitz Wife, Marriage

Since 1969 the businessman  been  married to Judy Reich. His three children are Kimberly, Chris, and Eric. His daughter Kimberly is a fashion designer.

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