Michael Ovitz Net Worth (Updated 2025).
Michael Ovitz, born in 1946, began his career in the entertainment industry as an agent at the William Morris Agency. He quickly made a name for himself by representing high-profile clients such as Michael J. Fox and John Travolta. In 1975, Ovitz, along with four other agents, left William Morris to form Creative Artists Agency (CAA), which would become one of the most powerful talent agencies in Hollywood.
**Michael Ovitz’s Current Net Worth (2025)**
As of 2025, Michael Ovitz’s current net worth is estimated to be around $350 million, according to the latest available information. This significant wealth is a testament to his successful career in the entertainment industry.
**Career**
Michael Ovitz, born in 1946, is a prominent American talent agent and businessman. He co-founded Creative Artists Agency (CAA) in 1975, which grew to become one of the most powerful talent agencies in Hollywood. Ovitz served as the president of The Walt Disney Company from 1995 to 1996. He then founded Artists Management Group (AMG) in 1996, which was later acquired by The William Morris Agency.
**Other Ventures**
Beyond his work in the entertainment industry, Ovitz has ventured into various other businesses. He co-founded a venture capital firm, Velocity Investment Group, in 2003. He also invested in and served on the board of several tech companies, including Apple and Amazon. Additionally, Ovitz has been involved in real estate development, including the construction of the Ovitz Family Jewish Community Center in Los Angeles.
**Assets**
Ovitz’s assets include a significant real estate portfolio. He owns a 12,000-square-foot mansion in Beverly Hills, valued at around $50 million. He also owns a private jet and has investments in various businesses and companies. His art collection, which includes works by artists like Andy Warhol and Roy Lichtenstein, is also a notable asset.
**Annual Income**
Michael Ovitz’s annual income is not publicly disclosed. However, given his extensive business ventures and investments, it is estimated to be substantial. His earnings from CAA and Disney, along with his other ventures, have contributed significantly to his overall wealth.
Table Of Contents
Frequently Asked Questions about Michael Ovitz
**Frequently Asked Questions: Michael Ovitz Net Worth**
1. What is Michael Ovitz’s net worth?
Michael Ovitz’s net worth is estimated to be around $300 million.
2. How did Michael Ovitz make his fortune?
Ovitz made his fortune primarily as a talent agent and co-founder of Creative Artists Agency (CAA), one of the most powerful talent agencies in Hollywood.
3. When was CAA founded?
CAA was founded in 1975 by Ovitz, along with four other agents.
4. What was Michael Ovitz’s role at CAA?
Ovitz served as the co-head of CAA until 1995, playing a significant role in growing the agency into a powerhouse in the entertainment industry.
5. What happened after Michael Ovitz left CAA?
After leaving CAA, Ovitz became the president of Walt Disney Studios from 1995 to 1997. He then founded his own talent agency, Artists Management Group (AMG), in 1999.
6. What is Artists Management Group (AMG)?
AMG is a talent agency founded by Michael Ovitz in 1999. It represents clients in the film, television, and music industries.
7. What other business ventures has Michael Ovitz been involved in?
Ovitz has also invested in various tech startups and has been involved in real estate development.
8. Has Michael Ovitz written any books?
Yes, Ovitz has written a book titled “Who Is Michael Ovitz?” which was published in 2003.
9. What is Michael Ovitz’s philanthropic work like?
Ovitz is involved in several philanthropic efforts, including the Ovitz Family Foundation, which supports various charitable causes.
10. What is Michael Ovitz’s current role in the entertainment industry?
As of now, Ovitz serves as the chairman of AMG and continues to be involved in the entertainment industry through his various business ventures and investments.
