Michael Ovitz Net Worth|Wiki|Bio|Know about his Networth, Investment, Career, Disney, Age, Family

Michael Steven Ovitz is an American talent agent, businessman, investor, and philanthropist. He co-founded Creative Artists Agency (CAA) in 1975, which became one of the most influential talent agencies in Hollywood. His net worth is estimated to be around $500 million.

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Ovitz's Net worth

Michael Ovitz has earned his net worth primarily through his career in the entertainment industry. He co-founded the Creative Artists Agency (CAA) in 1975, which quickly became one of the most powerful talent agencies in Hollywood. Ovitz was known for his shrewd negotiation skills and ability to package talent for film and television projects.

In 1995, Ovitz left CAA to become the president of The Walt Disney Company. However, his tenure at Disney was short-lived and controversial, and he was ultimately fired after just 14 months. Ovitz then founded his own management company, AMG, which was later acquired by The Firm. Ovitz has also invested in various businesses and real estate ventures, which have contributed to his net worth.

He owns the CA house in Los Angelos worth $14,500,000. He also owns millions of dollar in different shares and bonds.

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Ovitz’s early life

Michael Ovitz was born on December 14, 1946, in Los Angeles, California. His father was a liquor salesman, and his mother was a housewife. Ovitz attended Birmingham High School in Van Nuys, California, where he was a straight-A student and captain of the school's football team.

After graduating from high school, Ovitz attended the University of California, Los Angeles (UCLA), where he majored in theater. While at UCLA, he was involved in the school's drama department and worked as a stage manager for the Los Angeles Shakespeare Festival. After graduating from UCLA in 1968, Ovitz briefly worked as a tour guide at Universal Studios before starting his career in the entertainment industry.

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Ovitz’s career and achievements

Michael Ovitz is a renowned figure in the entertainment industry, known for his successful career as a talent agent and executive. He co-founded the Creative Artists Agency (CAA) in 1975, which quickly became one of the most powerful talent agencies in Hollywood. Under his leadership, CAA represented some of the biggest names in the industry, including Tom Cruise, Steven Spielberg, and Meryl Streep.

Ovitz was known for his innovative approach to talent representation, pioneering the concept of "packaging" talent for film and television projects. He would negotiate deals to package multiple clients together, offering them as a bundle to studios and networks in exchange for a higher fee. This strategy helped to solidify CAA's position as a major player in the entertainment industry.

In 1995, Ovitz left CAA to become the president of The Walt Disney Company. He was hailed as a visionary leader who would help to transform the company into a multimedia powerhouse. However, his tenure at Disney was short-lived and controversial, and he was ultimately fired after just 14 months. Ovitz's time at Disney was marked by power struggles and clashes with other executives, and he was criticized for his management style and decision-making.

After leaving Disney, Ovitz founded his own management company, Artists Management Group (AMG), which was later acquired by The Firm. He has also served on the boards of various companies, including MGM and the Tribune Company.

Ovitz has received numerous accolades for his contributions to the entertainment industry. In 1989, he was inducted into the Television Academy Hall of Fame. He has also been honored with the Humanitarian Award from the Simon Wiesenthal Center and the Franklin D. Roosevelt Four Freedoms Medal. Despite the controversies surrounding his tenure at Disney, Ovitz's impact on the entertainment industry cannot be denied, and he remains a respected figure in Hollywood.

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Ovitz’s personal Life

Michael Ovitz has been married to Judy Ovitz in1969, and the couple has three children together Kimberly Ovitz, Eric Ovitz, and Chris Ovitz. The couple are known for their philanthropy and have donated to a variety of causes, including education, the arts, and medical research. Ovitz has served on the boards of several organizations, including the Los Angeles County Museum of Art and the Metropolitan Opera in New York City.

In 2015, Ovitz became engaged to Tamara Mellon. Ovitz is also an avid art collector and has a collection that includes works by Picasso, Rothko, and Warhol. He is also a fan of sports and has owned several professional sports teams, including the NHL's Mighty Ducks of Anaheim (now the Anaheim Ducks) and the Arena Football League's Los Angeles Avengers. Ovitz has also been involved in politics and has supported candidates from both major political parties over the years.

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Ovitz’s engagement in online world

As far as I know, Michael Ovitz is not very active on social media platforms. He  have a Twitter with 6112 followers, Instagram account with 5052 followers, and his presence on other social media platforms is limited. Ovitz has also not been very involved in the online world beyond his business ventures, and he has not been involved in any major controversies related to social media or the internet.

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