Bob Iger Net Worth 2020
|Popular Name:||Bob Iger|
|Real Name:||Robert Allen Iger|
|Birth Date:||10 February 1951|
|Birth Place:||New York City, United States|
Kathleen Susan (divorced)
Willow Bay (m. 1995)
|Years active:||1974 Till Date|
|Net Worth:||$800 Million|
Bob Iger is a successful American Businessman best known as the Chief Executive Officer (CEO) and Chairman of The Walt Disney Company, where he became the president in 2000 and also worked as Chief Operation Officer (COO). Before that, Bob Iger net worth was on its way up as he was the Chairman of American Broadcasting Company (ABC). Here’s all the information you need regarding the childhood, career highlights, personal life, and financial situation of this personality who happens to be one of the richest business persons in America.
Bob Iger’s Early Life
Robert Allen Iger was born on 10 February 1951 in New York City, United States. He grew up in Oceanside and attended the Fulton Avenue School before graduating from Oceanside High School in 1969. He was quite young when he developed a love of books, which eventually reflected in his career path as an author. He earned his bachelor’s degree in Television and Radio from Roy H. Park School of Communications in Ithaca College.
Bob Iger’s Career
Iger began his media career a year to his in 1972 as the host of an Ithaca College television show called “Campus Probe”. He worked as a weatherman for sometime with the dream of becoming a news anchor before switching his career aims to another direction. In 1974, the young fresh graduate got employed at American Broadcasting Company (ABC) as a performer of menial labor on sets. His weekly pay for this job was $150 but he stayed in the organization and worked harder to make his dreams come alive.
Fifteen years down the line, he has risen up the ranks and was installed as head of ABC Entertainment. He became president of the ABC Network Television in 1993.
In 1996, The Walt Disney Company bought Capital Cities/ABC and changed its name to ABC, Inc., and retained Iger as president until 1999 when he was installed as the president of Walt Disney International. He was put in charge of the business unit that managed Disney’s international operations, and was also made chairman of the ABC Group. The following year, Iger was named the Chief Operating Officer and president of Disney for his outstanding performances in various positions of leadership so far.
Disney, under Iger’s leadership, became a fierce force in the media industry. It acquired several companies like Pixar for $7.4 billion and Marvel Entertainment plus its associated assets for $4 billion. In 2012, following several months of negotiations, Iger signed a deal with filmmaker George Lucas to acquire Lucasfilm Ltd. for $4 billion. The result of this was Disney’s acquisition of the rights to the Indiana Jones and Star Wars multimedia franchise.
His contract as the chairman of Disney was originally supposed to run until June 30, 2018 however, it was announced in March 2017, that Disney was extending Iger’s term for a year more, and said he would be offer the role of consultant for the following three years after the end of his contract.
Bob Iger’s great works in the Disney company has not gone unnoticed. He has been rewarded once more with a contract renewal which will see him in position of CEO and Chairman of Disney until 2021.
Awards & Achievements
Bob Iger has achieved what he planned to achieve. He made one of his greatest achievements as a CEO of Walt Disney Company, and led the company to make various investments and acquisition of a number of top media companies in the world. He also contributed to the establishment of the company as one of the biggest film and television producers in the world.
Iger has received a Milestone Award from Producers Guild of America, and a Ambassador for Humanity Award. He has been included in Broadcasting & Cable Hall of Fame, Toy Industry Hall of Fame, and was named Businessperson of the Year by Time in 2019.
He has also been offered a chance to join President Donald Trump’s Strategy and policy formation in the future.
The media executive has been married two times in his life so far. After divorcing his first wife Kathleen Susan, he tied the knot with journalist Willow Bay in Bridgehampton, New York. Bob Iger has 4 children in all, two each from both marriages.
Age & Physical Features
Bob is currently 69 years old. One of his most impressive physical features is his body which he still maintains to a perfect fit. Standing at 185cm tall, the father of four weighs 72kg and takes his body’s health seriously.
Bob Iger Net Worth
Disney is one of the biggest media companies in the world, and Bob Iger has served as its CEO for over 16 years after heading other units within the company. Below are his earnings and financial data so far.
Salary & Earnings
In a career that started as a menial worker with a weekly salary of $150, the zealous New York-born quickly moved up the ladder of success and achieved more than he ever dreamed of. His current contract with Disney makes him entitled to an annual $50 million salary. In his tenure as CEO, he shaped the company into a much more successful entertainment group by overseeing the purchase of rival companies such as Marvel, LucasFilm, and Pixar. This decision and many others led the company to financial success, as Disney’s market capitalization value multiplied from $48.5 billion to a staggering $257 billion within a 13-year space while Iger was in top strategic positions.
As of 2020, Bob Iger net worth amounts to $800 million. His works not only increased the company’s net profit but also led the company to claim many awards and accolades.