| 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 |
| Salary: | No |
| Net Worth in 2024: | $550 million |
| Last Updated: | January 2024 |
Michael Ovitz is a famous businessman and investor. He is the co-founder of the Creative Artist Agency. The businessman was chairman of CAA until 1995. In the 1980s, he considered as Hollywood’s most powerful figure. The parent of Michael wants him to be a doctor, but destiny decides something else. He decided to start a career in Hollywood while working as a guide for Universal Studios.
Later the philanthropist became president of The Walt Disney Company. He was chairman of Disney from 1995 to 1997. Michal is a talent agent of famous Hollywood actors like Tom Cruise, Dustin Hoffman, Kevin Costner, John Belushi, Michael Douglas, Bill Murray, Sylvester Stallone, and many more.
Maybe you know about Michael Ovitz very well, but do you know how old and tall is he, and what is his net worth in 2024? If you do not know, we have prepared this article about details of Michael Ovitz’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
Michael Ovitz was born to December 14, 1946, in a Romanian Jewish family. The father of the businessman was a liquor wholesaler. Ovitz raised in Encino, California. The classmate of the businessman was Sally Field and Michael Milken. He was the student president of Birmingham High School in Van Nuys.
He starts working at Universal Studios while studying UCLA. In 1968, he graduated from the University of Los Angles in Theatre, Film, and Television. He did not go to medical but secured a job in William Morris Agency. He founded the Creative Artist Agency with four other young colleagues.
Personal Life
The businessman married to Judy Reich since 1969. He has three children named Kimberly, Chris, and Eric. His daughter Kimberly is a fashion designer. Michael is engaged to Tamara Mellon, but he is legally married to July.
Age, Height, and Weight
Being born on December 14, 1946, Michael Ovitz is 75 years old as of today’s date 7th January 2024. His height is 5 ft 7 in tall, and his weight is 65 kg.
Career
Michael was unsatisfied with pay and promotion in William Morris Agency. He and his colleagues Ron Meyer, William Haber, Rowland Perkins, and Mike Rosenfeld want to open their agency. In 1975, William Morris fired them after he learned about their plans. The group took a loan of $21,000 from the bank and started a company.
They rented a small office according to their budget. They do business on card tables and rented chairs. The wives of the partner work their agency receptionist to help them. In the first week of business, Michael sold three new film packing deals. During the next four years of business, the CAA had an annual booking of $90.2 million and became the third-largest Hollywood agency.
Under the direction of Michael, the agency became the World’s leading talent agency to start-up organization. The company expands to television into the film, investment banking, and advertisement. The businessman became the most influential person in Hollywood when the company reaches a new height. In 1989 The New York Times wrote an article about Michal Ovitz. He was so prominent at that time industry executives, directors, and actors refused to comment.
In CAA, he promoted to President to Chairman of the Board. Michael played a significant role in business deals like Matsushita’s acquisition of MCA/Universal, Sony’s acquisition of Columbia Pictures, and financial rescue of MGM/United Artists.
In 1995, Michael resigned from CAA and became president of The Walt Disney Company. He works under Chairman Michael Eisner. In 1997, Ovit dismissed from Walt Disney. He formed four different companies in 1999 named Artist Management Group, Artist Production Group, Artist Television Group, and Lynx Technology Group. His company AMG merged with management group The Firm for an undisclosed amount. After the deal of merger, Michael gets involved in controversy when he made some comments in Vanity Fair interview, but later, he apologized.
The philanthropist now days became a private investor. He is one of the World’s top 200 art collectors. The businessman has a collection of works by Mark Rothko, Pablo Picasso, Jasper Johns, Willem de Kooning, and Barnett Newman. The businessman published a memoir named Who Michael Ovitz is. The book which based on work with CAA and Disney Company.
Awards & Achievements
He did not receive any award.
Net Worth& Salary of Michael Ovitz in 2024
As of January 2024, The net worth of Michal Ovitz is $550 million. The philanthropist is known as co-founder of CAA. The businessman paid $139 million when he left Disney. He got $100 million in stock and $38 million in cash from Disney. The company shareholder sued The Walt Disney for giving large fees to Michael but went unsuccessful. In 1996, he was portrayed by Treat Williams in the television film The Late Shift. He donated $25 million to UCLA’s medical center in 1999. Ovitz is an active philanthropist and investor.
Michal Ovitz is a shrewd businessman. He is the founder of various companies. Ovitz gives contributions to philanthropic endeavors. The life of Michal is not ordinary, and it is full of risk.