Michael Ovitz Biography
Michael Ovitz is an American philanthropist, businessman, and investor born in Chicago, Illinois, United States. However, he was a talent agent who co-founded Creative Artists Agency in 1975 and served as its chairman until 1995. Later, Ovitz served as president of The Walt Disney Company for only 16 months, from October 1995 to January 1997.
10 Quick Facts About Michael Ovitz
Here is a list of 10 facts about Ovitz.
- Name: Michael Ovitz
- Age: 78 Years Old
- Birthday: December 14
- Zodiac Sign: Sagittarius
- Height: 5 feet 7 inches tall (1.70 m)
- Nationality: American
- Occupation: Philanthropist, Businessman, and Investor
- Marital Status: Married
- Salary: Not Available
- Net worth: $500 million
Michael Ovitz Age
Ovitz is 78 years old, he was born on December 14, 1946, in Chicago, Illinois, United States. He celebrates his birthday on December 14 every year and his birth sign is Sagittarius.
Michael Ovitz Height
Michael Ovitz stands at a height of 5 feet 7 inches tall (1.70 m).
Michael Ovitz Weight
Ovitz weighs 65 kg (143.3 lbs).
Early Life and Education
Ovitz was born on December 14, 1946, to a Romanian-Jewish family in Chicago, Illinois, as the son of a liquor wholesaler. Brought up in Encino, California, he was student body president at Birmingham High School in Van Nuys, a classmate of Michael Milken and Sally Field. While a pre-med student at the University of California, Los Angeles, and president of Zeta Beta Tau, Ovitz started his entertainment career as a part-time tour guide at Universal Studios.
Ovitz secured a job in the mailroom at the William Morris Agency upon graduating from UCLA, in 1968, with a degree in theater, film, and television. From there, he left for law school but returned momentarily (something William Morris normally did not allow).
Rise to Fame
Ovitz gained fame in 1975 when he joined with four other Morris agents to form the Creative Artists Agency (CAA). Thanks to Ovitz’s knack for hustling up clients, CAA was quickly changed into arguably the most famous talent agency, and Ovitz became known as the most powerful man in Hollywood.
Michael Ovitz Family, Parents
Ovitz was born in Chicago, Illinois, United States to a Romanian-Jewish family. However, information about his parents is publicly not available. We will update this section once the information is available.
Michael Ovitz Siblings
Ovitz spent his childhood alongside his one sibling; a brother named Mark H. Ovitz who is a film producer.
Michael Ovitz Wife
Ovitz is currently married to his lovely wife Judy Ovitz an actress. The couple did their wedding in 1969 and together they are blessed with three children; Kimberly Ovitz an American fashion designer and founder/creative director of the fashion line Kimberly Ovitz., Chris Ovitz an entrepreneur who has spent the past decade working in Digital Media and Entertainment., and Eric Ovitz.
Michael Ovitz Children
Ovitz together with his wife are proud parents of three children; Kimberly Ovitz, Chris Ovitz, and Eric Ovitz.
Michael Ovitz Net Worth
Michael Ovitz has an estimated net worth of $500 Million dollars. This includes his assets, money, and income. His primary source of income is his career as a Philanthropist, Businessman, and Investor. Through his various sources of income, Ovitz has been able to accumulate good fortune but prefers to lead a modest lifestyle.
Facts: Everything You Need to Know About Michael Ovitz
Here are some interesting facts you should know about Ovitz ;
Michael Ovitz Bio.
- Full Names: Michael Steven Ovitz
- Popular As: Michael Ovitz
- Gender: Male
- Occupation / Profession: Philanthropist, Businessman, and Investor
- Nationality: American
- Race / Ethnicity: White
- Religion: Not Available
- Sexual Orientation: Straight
Birthday
- Age / How Old?: 78 Years Old
- Zodiac Sign: Sagittarius
- Date of Birth: December 14, 1946
- Place of Birth: Chicago, Illinois, United States
- Birthday: December 14
Body Measurements
- Height / How Tall?: 5 feet 7 inches tall (1.70 m)
- Weight: 65 kg (143.3 lbs)
- Eye Color: Hazel
- Hair Color: Dark Brown
- Shoe Size: Not Available
- Chest Size: Not Available
- Waist Size: Not Available
Family and Relationship
- Father (Dad): Not Available
- Mother: Not Available
- Siblings (Brothers and Sisters): Mark H. Ovitz
- Marital Status: Married
- Spouse/Wife: Married to Judy Ovitz
- Dating/Girlfriend: Not Applicable
- Children: Kimberly Ovitz, Chris Ovitz, and Eric Ovitz
Net Worth and Salary
- Net Worth: $500 million
- Salary: Not Available
- Source of Income: Philanthropist, Businessman, and Investor
Disney
Ovitz resigned from CAA in 1995 to become president of The Walt Disney Company under chairman Michael Eisner. He quickly grew frustrated with his role in the company and vague definition of responsibilities. After a rough year as Eisner’s second in command, Ovitz was ignored by Eisner in January 1997 and left Disney with a severance package valued at $38 million in cash and an estimated $100 million in stock.
Later, Disney shareholders sued Eisner and Disney’s board of directors for granting Ovitz such a large severance package. Later court proceedings reflect that Ovitz’s stock choices were granted when he was employed to persuade him to join the company, not granted when he was fired. Also, in 2005 the court upheld Disney’s payment.
Investments
Ovitz has made multiple acquisitions in companies like Passes, Socket, and Karat Financial within the Network Management Software, Media and Information Services (B2B), and Financial Services industries. His latest investment was on 28-Feb-2024 in Passes, a company within the Media and Information Services (B2B) industry.
Contacts
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