Michael Ovitz

Michael Ovitz is a famous global businessman, investor, and philanthropist. He has made a significant impact in Hollywood, having founded the most influential companies in Hollywood, the Creative Artist Agency. He owns other companies and has also worked with Disney. Besides, Ovitz is happily married and has three children.

Well, how well do you know about Michael Ovitz? If not much, we have compiled all you need to know about Michael Ovitz’s net worth in 2021, his age, height, weight, wife, kids, biography and complete details about his life. Well, if you’re all set, here is what we know about Michael Ovitz to date.

Biography and Early Life

Michael Ovitz was born on 14 December 1946 in Chicago, Illinois, U.S.A. He comes from a Romanian Jewish family. Most of his early age was spent in Encino in California. Ovitz mastered business skills by helping his father, who was an established liquor wholesaler.

Age, Height, Weight & Body Measurement

So, how old is Michael Ovitz in 2021 and what is his height and weight? Well, Michael Ovitz’s age is 74 years old as of today’s date 2nd August 2021 having been born on 14 December 1946. Though, he is 5′ 7″ in feet and inches and 170 cm in Centimetres tall, he weighs about 143 lbs in Pound and 65kg in Kilograms.

Education

Michael was enrolled in Birmingham High School, located in Van Nuys. While in high school, he could easily manage his academics and other extra-curricular activities. As a result, he was chosen the school president. Later, he joined the University of Los Angeles. While at the university, Ovitz was an active member of Universal Studios as he took the course UCLA. He graduated with a degree in Theatre, television, and film.

Personal Life: Dating, Girlfriends, Wife, Kids

Influenced by his father, Michael has been interested in doing business from a tender age. Besides, he had good morals and strong leadership skills that made him assume several leadership positions from high school all through his adulthood. He fell in love with Judy Reich, and after dating for a couple of months, they got married in 1969. The couples are blessed with three children Eric, Chris, and Kimberly. Michael is involved with Tamara Mellon. Kimberly focused her career in business and is now a fashion designer.

Is Michael Ovitz Gay?

No. He is straight. Michael has engaged in an opposite-gender relationship with Judy Reich leading to marriage. In fact, he has three children of his own. Thus, Michael Ovitz is not gay.

Professional Career

As soon as Michael Ovitz completed his university education, he founded the Creative Artist Agency (CAA). At that time, he started the agency with Mike Rosenfeld, William Haber, Ron Meyer, and Rowland Perkins. Founded his own agency was brought about by a feeling of being underpaid when working with the William Morris Agency. When the boss, William Morris, had their plans, he fired them. Michael and his four colleagues had to get a loan from the bank worth $21,000 to start the CAA.

The wives of the CAA founders became their secretary of a small office they could manage to rent. At that time, all the chairs and card tables were rented. The business took off well as the agency was able to make three sales of new films the first week.

Through persistence, hard work, and dedication, CAA was able to make millions of sales for the next four years after its founding. In fact, within that period, the company had secured film bookings worth over $90.2 million. At that time, CAA was ranked third largest Hollywood Agency.

However, today CAA is ranked first as the world’s leading talent agency. Besides, the company not only focuses on talents but has also expanded its business to entail television, film, advertisement, and investment banking. Currently, Michael Ovitz is among the most influential Hollywood business person in the world.

Ovitz became the president and the chairman of the CAA. Under his leadership, he made significant deals with the Financial Rescue of MGM/United Artists, Sony’s Acquisition of Columbia Pictures, and Matsushita’s acquisition of MCA/Universal.

Later, he chose to resign from all his posts in CAA, and in 1905, Michael joined The Walt Disney Company. He was dismissed from the company in 1997 and formed four other companies of his own  Lynx Technology Group, Artist Production Group, Artist Management Group, and Artist Television Group.

Today, Michael is a provide investor and is among the World’s top 200 art collectors. His works collection include Barnett Newman, Pablo Picasso, Willem de Kooning, Jasper Johns, and Mary Rothko. He has his own book named ‘Who Michael Ovitz is,’ detailing his works with Disney and CAA companies.

Awards

Michael Ovitz has made a notable impact in the Hollywood film industry. However, he is yet to receive an award.

Net Worth, Salary & Earnings of Michael Ovitz in 2021

As of 2021, Michael Ovitz’s net worth is $550 million. His main source of income has come from his companies, such as the CAA and the most recent four other companies. Also, he was handsomely paid when working with Disney. By the time he stopped working with Disney in that short period, he already earned $139 million as a salary.

He has $100 million worth of stock and had $38 million in cash from Disney. Having sufficient money, he donated to UCLA medical center $25 million.

Some Interesting Facts You Need To Know

• He sold one of his dream companies, Artists Management Group, for a paltry of $12 million. He claims he was forced to sell the company and is now in agony. Besides, his reputation got tarnished after the deal.

Michael Ovitz is one of the global Hollywood figures and businessmen. Through hard work and dedication, he founded the CAA, which is among the worlds’ leading talent companies on the planet. He is happily married and has children.