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

‘Powerhouse’ dishes on its widely-loathed head Michael Ovitz

Powerhouse: The Untold Story of Hollywood's Creative Artists Agency by James Andrew Miller unravels the rise and fall of its widely-loathed agent Michael Ovitz. Miller’s tale lays bare the rise and fall of Michael Ovitz, the widely-loathed agent who ...
Posted: August 6, 2016, 4:39 pm

Power Move: Michael Ovitz Dumps Metropolitan Tower Pad, Takes Massive Haul

We’re not surprised that the man who famously used The Art of War as his professional bible made a killing on his Midtown pied-a-terre. Michael Ovitz, who built his reputation and a small army of enemies as the soft spoken, bludgeon-carrying leader of ...
Posted: October 3, 2013, 2:45 am

Newly engaged Tamara Mellon enjoys passionate kiss with husband-to-be Michael Ovitz during romantic getaway to St Barts

It seems Tamara Mellon certainly isn't shy when it comes to putting on public displays of affection. The Jimmy Choo co-founder was spotted enjoying a very passionate kiss with her husband-to-be Michael Ovitz on Thursday afternoon. At the time, the happy ...
Posted: April 10, 2015, 10:07 am

Celebrity L.A. art dealer charged with ripping off Michael Ovitz and others is held on $1 million bail

Four years ago, the glitterati descended on the grand opening of Perry Rubenstein’s new art gallery in Hollywood. Musician Neil Young, movie producer Steven Tisch and artist Shepard Fairey were among the guests who packed into the modernist space marked ...
Posted: April 21, 2016, 10:37 pm

Michael Ovitz Apologizes For "Unbridled Ambition": "I Was Myopic In My Drive"

The former CAA chairman offered repeated mea culpas in his first public conversation with former partner Ron Meyer. Anyone expecting fireworks in the public reunion of former CAA chairman Michael Ovitz and his one-time partner Ron Meyer would have been ...
Posted: September 29, 2016, 11:53 pm
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