Michael Ovitz Bio | Wiki
Michael Ovitz ( Full Name: Michael Steven Ovitz) is a popular American businessman, investor, and philanthropist who is the owner of Broad Beach Ventures LLC, a Venture Capital Fund he launched with James Ellis in 2010. In 2018, Michael released a memoir titled Who is Michael Ovitz? recounting his work at the Creative Artists Agency (CAA) and his short stint at The Walt Disney Company. Previously, Michael co-founded Creative Artists Agency (CAA) in 1975 and worked as chairman until 1995.
He resigned from CAA in 1995 to serve as president of The Walt Disney Company under chairman Michael Eisner. Michael quickly grew frustrated with his work in the company and vague definition of duties. Following a tumultuous year as his second in command, he was dismissed by Eisner in January 1997 and left Disney with a (former agreed-upon) severance package valued at $38 million in cash and an estimated $100 million in stock.
He secured a job in the mailroom at the William Morris Agency. From there, Michael left for law school but returned shortly (something William Morris normally did not allow). Michael was soon promoted, finally becoming a highly successful television agent. Six years afterward, Michael and four other young colleagues left William Morris to create the Creative Artists Agency.
Michael Ovitz Age
Michael was born on December 14, 1946, in Chicago, Illinois, in the United States. He is 77 years old. Michael celebrates his birthday on December 14, every year.
Michael Ovitz Height
He is a man of above-average stature. Michael stands at a height of 5 ft 10 in ( Approx. 1.75m ).
Michael Ovitz Family
He was born to a Romanian Jewish family in Chicago, Illinois, the son of a liquor wholesaler. Michael was raised in Encino, California, and holds American nationality. His parents are David Ovitz and Sylvia K Ovitz.
Michael Ovitz Wife
Michael is engaged to British fashion entrepreneur Tamara Mellon who co-founded the luxury footwear brand, Jimmy Choo. The two became engaged in 2015. Previously, Michael was married to Judy Reich whom he met in college. Michael and Judy have three children Chris, Eric, and Kimberly. His daughter Kimberly Ovitz is a New York fashion designer. His son Eric doled out $6.7 million for a newly built mansion in the Studio City area of Los Angeles.
Michael Ovitz Education
He studied at Birmingham High School in Van Nuys, a classmate of Sally Field and Michael Milken. While a pre-med student at the Campus of California, Los Angeles, and president of Zeta Beta Tau, Michael started his entertainment career as a part-time tour guide at Universal Studios. In 1968, Michael graduated from UCLA with a degree in theater, film, and television.
Michael Ovitz Book | Who Is Michael Ovitz
In September 2018, he published his book titled Who is Michael Ovitz? a memoir recounting Michael’s time at the Creative Artists Agency (CAA) and his short tenure at The Walt Disney Company. Following decades of near silence in the face of relentless controversy, Michael finally tells his whole story in this memoir, with remarkable candor and insight.
Michael Ovitz Disney
Michael left CAA in 1995 to work as the president of The Walt Disney Company under chairman Michael Eisner. He quickly grew frustrated with his position in the company and vague definition of duties. Following a tumultuous year as Eisner’s second in command, Michael was dismissed by Eisner in January 1997 and departed Disney with a (formerly agreed-upon) severance package valued at $38 million in cash and a valuation of $100 million in stock. Disney shareholders afterward accused Eisner and Disney’s board of directors of awarding Michael such a large severance package. Afterward, court proceedings reflect that Michael’s stock options were granted when he was employed to induce him to join the company, not granted when he was fired. The court upheld Disney’s payment in 2005.
Michael Ovitz CAA
He co-founded Creative Artists Agency (CAA) in 1975 and worked as chairman until 1995. During his time at CAA, Michael was credited with putting together the major elements of hit films like Rain Man, Cliffhanger, and Jurassic Park. In 1991 Michael shook up the advertising world by signing Coca-Cola to CAA as a marketing and media aid, shifting the paradigm from traditional advertising agencies to more innovative advertising solutions. In 1993 Michael negotiated David Letterman’s three-year, $42 million contract for the late-night talk-show host to move from NBC to CBS.
He was employed as an investment adviser for many significant industry transactions Michael z and CAA consulted with corporations to help grow new strategies in the technology industry, like AT&T, Microsoft, Bell Atlantic, Nynex, and Pacific Telesis to create Tele-TV.
Michael Ovitz House
Michael owns a 1,000-square-metre beach house in Malibu, California. The house was designed by Architecture Michael Maltzan and was done in 2020.
Michael Ovitz Art Collection
He specializes in modern and contemporary art; his collection, which contains between 3,500 and 4,000 works, comprises of pieces by Pablo Picasso and Jasper Johns, hangs in his 28,000-square-foot home, which features a top-of-the-line white box gallery space. Michael’s collection is wonderful,” Arne Glimcher, the creator of the Pace Gallery, once told ARTnews. He is considered among the world’s top 200 art collectors.
Tamara Mellon Michael Ovitz
In 2015, Michael became engaged to Tamara Mellon a British fashion entrepreneur who co-founded the luxury footwear brand Jimmy Choo. Michael’s fiancee Tamara Mellon founded a shoe empire. Tamara was previously married to Matthew Mellon. Later Mellon created her namesake luxury footwear brand, Tamara Mellon, alongside co-founder and CEO Jill Layfield and CDO Tania Spinelli in 2016.
Michael Ovitz Uber
Travis Kalanick Uber CEO disclosed on “This Week in Startups” in 2011 that Michael who is associated with Hollywood powerhouse and an investor in Travis’s pre-Napster P2P company Scour threatened his life. During the summer of 2000, the movie industry had just filed a lawsuit against Scour for $250B. Naturally, the suit made Michael look very bad in the entertainment world.
Michael Ovitz Net Worth
Micheal gets his wealth from his work as a businessman, investor, and philanthropist who is the owner of Broad Beach Ventures LLC, a Venture Capital Fund he launched with James Ellis in 2010. Therefore, Michael has accumulated a decent fortune over the years. Michael’s net worth is $500 million.
How Tall Is Michael Ovitz
Michael is a man of above-average stature who stands at a height of 5 ft 10 in ( Approx. 1.75m ).
How Old Is Michael Ovitz
Michael is a 77-year-old who was born on December 14, 1946, in Chicago, Illinois, in the United States. Michael celebrates his birthday on December 14, every year.
Who Is Michael Ovitz
He is an American businessman, investor, and philanthropist who was a talent agent and co-founded Creative Artists Agency (CAA) in 1975 and worked as its chairman until 1995. Michael later worked as president of The Walt Disney Company for only 16 months, from October 1995 until January 1997. He acts as a private investor. Active in philanthropy, Michael gave out $25 million in 1999 to spearhead fundraising efforts for UCLA’s Medical Center.
Michael Ovitz Social Media Handles
Twitter – @MichaelOvitz
Instagram – michaelovitz