Michael Ovitz Net Worth is$400 Million
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Profession: Entrepreneur, Businessperson, Film Producer, Talent agent
Date of Birth: Dec 14, 1946
Nicknames: Michael S. Ovitz
Country: United States of America
Michael Ovitz is a talent agent with a net worth of $400 million. Michael Ovitz has earned his net worth as co-founder and chairman of Creative Artists Agency, as well as being the President of Walt Disney Company. He has been the talent agent for greats such as Tom Cruise, Dustin Hoffman, Sylvestor Stallone, as well as other actors and directors. He also formed CKE, which combines Artist Management Group, Artist Production Group, Artist Television Group and the Lynx Technical Group. He was born in Chicago, Illinois.
Michael S. Ovitz (born December 14, 1946) is an American talent agent who co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995. Ovitz later served as President of the Walt Disney Company from October 1995 to January 1997.
Ovitz was born in Chicago, Illinois, the son of a liquor wholesaler. Raised in Encino, California, he attended Birmingham High School in Van Nuys, a classmate of Sally Field. While a premed student at UCLA, he began his entertainment career as a part-time tour guide at Universal Studios. Upon graduation from UCLA in 1968 with a degree in theater, film, and television, he secured a job in the mail room at the William Morris Agency. Within a year he was promoted, becoming a highly successful television agent. Six years later he and four other young colleagues left William Morris to found Creative Artists Agency.
Ovitz founded Creative Artists Agency in 1975 along with fellow William Morris Agents Ron Meyer, Bill Haber, Rowland Perkins, and Mike Rosenfeld. Borrowing only $21,000 from a bank, the agents rented a small office, conducting business on card tables and rented chairs, their wives taking turns as agency receptionist.
Under Ovitz's direction, CAA quickly grew from a start-up organization to the world's leading talent agency, expanding from television into film, investment banking, and advertising. Ovitz was known for assembling "package deals", wherein CAA would utilize its talent base to provide directors, actors and screenwriters to a studio, thus shifting the negotiating leverage from the studios to the talent. As CAA rose in stature Ovitz became one of the most powerful men in Hollywood. Promoted to President, then later to Chairman of the Board, his roles at CAA were numerous. He served as talent agent to Hollywood actors such as Tom Cruise, Dustin Hoffman, Kevin Costner, Michael Douglas, Sylvester Stallone, and Barbra Streisand, as well as directors such as Steven Spielberg, Barry Levinson, and

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Michael Ovitz Latest News

ARTnews in Los Angeles: Collection Tours With Cheech Marin and Michael Ovitz, a Conversation at the Marciano Art Foundation, and More

During the inaugural edition of Frieze Los Angeles, ARTnews organized a number of events throughout the city, including private tours of the homes of prominent collectors (actor Cheech Marin, ...
Posted: February 26, 2019, 9:01 am

Tamara Mellon Raises $50 Million for Shoe Empire

The businesswoman and Jimmy Choo co-founder counts Michael Ovitz, Centricus, Quadrille Capital and Goop backer New Enterprise Associates as investors. Tamara Mellon — co-founder of Jimmy Choo, who ...
Posted: June 18, 2019, 6:33 pm

Book excerpt: How "Schindler's List" and "Jurassic Park" came to be

In his new memoir, "Who Is Michael Ovitz," the agent discusses how he was able to work deals involving Steven Spielberg, Martin Scorsese, Michael Crichton, and the germ of an idea about dinosaurs.
Posted: September 20, 2018, 8:04 am
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