| Name: | Michael Ovitz |
| Net Worth: | $800 million |
| Source of Wealth: | Creative Artists Agency |
| Born: | December 14, 1946 |
| Age: | |
| Country: | USA |
| Wife: | Judy Reich |
| Children: | Eric Ovitz, Chris Ovitz, Kimberly Ovitz |
| Residence: | Beverly Hills, CA |
| Private Jet: | (N999LX) Gulfstream G550 |
| Yacht: | ILLUSION |
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.
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.
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.
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.
He lives in a modern and very large mansion in Beverly Hills.
Beverly Hills, nestled in the heart of Los Angeles County, is world-renowned for its luxurious lifestyle, palatial residences, and high-end shopping experiences. Known for its famous zip code, 90210, the city is home to numerous celebrities, executives, and athletes, adding a layer of glitz and glamour. The city’s Rodeo Drive is a globally recognized shopping destination, boasting exclusive designer boutiques and luxury brands.
Visitors are also drawn to the architectural marvel, the Beverly Hills City Hall, which showcases Spanish Renaissance influences. The Beverly Hills Hotel and the Beverly Wilshire Hotel stand as iconic symbols of the city’s rich history and opulence. Beverly Hills also hosts world-class dining options, from the legendary Spago to the critically acclaimed Urasawa.
With an unwavering commitment to education, the city supports some top-ranking schools, further enhancing its desirability for families. Additionally, the city is committed to maintaining its lush green spaces, including the Beverly Gardens Park, which hosts the annual Beverly Hills Art Show. Beverly Hills continues to hold its reputation as a city of prestige, wealth, and culture. Its enduring appeal keeps it firmly on the map as a prime destination for luxury living and tourism.
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.
He is the owner of a Gulfstream G550 private jet, with registration N999LX. A Gulfstream G550 has a list price of $50 million.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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Super Yacht Owners Database 2025
