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What Is Bob Iger’s Net Worth?
Former Disney CEO Bob Iger has a net worth of about $690 million.
Robert “Bob” Iger, known in certain circles as the King of Hollywood, was the CEO (CEO) of the Walt Disney Company from 2005 to 2020. According to Forbes, he earned $ 22 million in his first year controlling Mouse House. His annual salary was reported as $ 65.6 million until he retired as CEO. Currently, its total net worth is $ 690 million. For comparison, the grandson of the company’s co-founder Roy Disney, Abigail Disney, was recorded, claiming that his net worth was about $ 120 million.
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Education and Early Success
As a native New Yorker, Iger received a degree in Television and Radio from Ithaca College, where he hosted a campus show called Campus Probe. Being a newsreader was his dream, but after his training, he started his career as a local TV weather expert.
When the opportunity arose in 1974, he started working at the American Broadcasting Company (ABC), earning $ 150 a week. By 1993, he managed to take charge of ABC’s Network Television Group. He would later become the president and chief operating officer (COO) of Capital Cities / ABC.
The Walt Disney Company
In 1996, Walt Disney Company bought Capital Cities / ABC for $ 19 billion. Iger considered leaving, but eventually decided to continue serving under Disney. This can be a smart move. In 1999, he was chaired by Walt Disney International and COO a year later. In October 2005, Iger was appointed as Disney’s new CEO.
Acquisitions
Interested in expanding the Disney library and expanding its storytelling potential, Iger pioneered the acquisition of many media companies, including Pixar, Marvel, Lucasfilm and 21st Century Fox. To make this a perspective, Disney bought Marvel for $ 4 billion; however, The Infinity Saga, with 23 movie epics, made Disney more than $ 18 billion at the global box office. While Disney Proper develops with classics like Frozen and Moana under the care of Iger, movies made under these other companies are crucial to Disney’s amazing success.
Seeing the success of Netflix and other similar services, the CEO of Disney realized that the future lies in the stream. After its development, the expected first Disney + was released in November 2019, and only 28 million subscribers were collected in the first three months. Disney plans to release 35 original shows, including Marvel and Star Wars, in its first full year to compete with other streaming services.
Personal Life
Iger was married twice. After forcing the first marriage of nonstop travel, Iger married journalist Willow Bay in 1995. They currently live in their $ 19 million home in Brentwood, California. Iger has four children, two from each marriage.
Impressive Numbers
Under the leadership of Iger, the Walt Disney Company made an impressive $ 260 billion profit. In addition, Disney shares increased by 492% between 2005 and 2020. Forbes reported that Disney created more than 70,000 new jobs during his reign.
Retirement
In February 2020, Iger announced his retirement as CEO. He was replaced by Bob Chapek, former president of Disney Parks, Experiences and Products. Despite this announcement, Iger remained as chief executive to assist the transition until his contract expired at the end of 2021.
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