MICHAEL OVITZ • Net Worth $800 Million • House • Yacht • Private Jet • Creative Artists Agency

Name:Michael Ovitz
Net Worth:$800 million
Source of Wealth:Creative Artists Agency
Born:December 14, 1946
Wife:Judy Reich
Children:Eric Ovitz, Chris Ovitz, Kimberly Ovitz
Residence:Beverly Hills, CA
Private Jet:(N999LX) Gulfstream G550

Unraveling the Dynamic Journey of Michael Ovitz

Michael Ovitz, born on December 14, 1946, is a formidable figure in the world of talent management and business. This former talent agent, recognized globally as the founder of the Creative Artists Agency (CAA), has created a lasting legacy in the entertainment industry.

Key Takeaways

  • Michael Ovitz, the founder of the Creative Artists Agency (CAA), is a significant influence in the talent management and business world.
  • After leaving CAA, Ovitz served as the President of Walt Disney from 1995 to 1997, exiting with a severance package of $138 million.
  • Presently, Ovitz is active as an investor and philanthropist. His children, Chris and Kimberly Ovitz, have carved successful paths in the tech and fashion industries, respectively.
  • Ovitz’s estimated net worth is between $600 and $800 million, reflecting his successful career. He is also an avid art collector with pieces from renowned artists.

Launching the Creative Artists Agency

The Creative Artists Agency LLC (CAA) was brought to life by Ovitz in 1975. With its headquarters in Los Angeles, California, CAA evolved into an influential American talent and sports agency under his leadership.

From conducting successful marketing campaigns for behemoths like Coca-Cola and Sony to managing business for major Hollywood studios such as Columbia/TriStar and MCA, CAA under Ovitz’s guidance made a substantial impact on the industry.

In 1995, Ovitz transitioned from his role at CAA to become the President of Walt Disney, an engagement that lasted until 1997. He left Disney with a substantial severance package estimated at $138 million.

The Multidimensional Current Activities of Michael Ovitz

Post his tenure at Disney, Ovitz channeled his experience and knowledge into numerous roles. He now actively participates as an investor and philanthropist, contributing to causes that align with his interests.

A testimony to his influence is his son, Chris Ovitz, who co-founded the popular video-sharing app, Viddy. His daughter, Kimberly Ovitz, took the fashion world by storm as an American fashion designer, showcasing her talent and creativity.

Unveiling the Net Worth of Michael Ovitz

Michael Ovitz’s successful and diverse career has led to an impressive estimated net worth ranging between $600 and $800 million. Beyond business, Ovitz has a passion for art, boasting an extensive collection with pieces from legendary artists such as Pablo Picasso and Willem de Kooning.




Michael Ovitz

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Michael Ovitz House

Michael Ovitz Yacht

He is the owner of the Heesen motor yacht ILLUSION. The yacht was built as Galactica Star for Kola Aluko.

The ILLUSION Yacht, constructed by Heesen Yachts in 2013, showcases the elegant design work of Omega Architects.

Powered by MTU engines, the yacht offers a max speed of 27 knots, a cruising speed of 18 knots, and an extensive range of over 3000 nm.

The yacht’s interior exudes luxury, accommodating 16 guests and a 20-member crew.