Do you know who is currently the lead person at The Walt Disney Company? Unless you know, it’s Bob Iger. This well-known and successful American businessman, film producer and author has been around for more than 14 years, more specifically since July 2005. During this time, the company made significant advance and created even greater market value.
However, have you ever wondered what is Bob Iger net worth? If so, then you’re in the right place. In the next article we dedicated to this successful man, you will be able to find out various interesting things like the details of his early life, career, success and of course net worth. Well, if you’re ready, let’s get started.
The Early Life of Bob Iger
Robert Allen Iger better known as Bob Iger was born on February 10, in the year of 1951. His hometown is Oceanside, New York City, New York, United States. Bob was born as the oldest child in the Arthur L. and Mimi Iger family. Interestingly, his family is of Jewish descent. His father Arthur was part of the US Navy while his mother Mimi worked at a local school in Oceanside.
One very interesting thing is that his grandfather, Jerry Iger, was a famous cartoonist. As for Bob’s schooling, he graduated from Fulton Avenue School, after which he attended Oceanside High School. During this period, he began to read many books, which probably influenced the enrollment of Roy H. Park School of Communications at Ithaca College. Bob later graduated in Television and Radio with the Bachelor of Science in 1973.
Although Bob graduated in 1973, his career began before his formal graduation. Specifically, while studying, he hosted a show at Ithaca College called Campus Probe. His big wish was to become a news anchor, however, Iger achieved much more than that. He got his first job at ABC and the salary he was receiving was about $150 a week.
After working at ABC for 15 years, Bob has been promoted to head of ABC Entertainment. Over the next couple of years, he managed to become Chief Operating Officer (COO) at Capital Cities/ABC. However, in the year off 1996, when Disney decided to buy ABC, Iger wasn’t fired but continued to do the same job until 1999.
Then, at the beginning of the year, in February, Bob was named president of Walt Disney International. However, that was not all when it came to his promotion. Specifically, Iger was also named the new ABC Group chairman. Already in 2000, Bob Iger became the second most important person at The Walt Disney Company. He has now been promoted to president and COO of the company, which means he was right behind CEO Michael Eisner.
Still, Iger’s rise didn’t stop there. In just five years, this successful man has achieved what many of his colleagues probably dreamed of. Following Roy E. Disney’s decision to make changes to the company’s management, a new successor of Michael Eisner has been revealed. It was Bob Iger who officially took office on September 30, 2005, although the collaboration was made earlier in July.
From that moment on, it can be said that the great rise of Disney and Iger himself began. The first big decision was to buy Pixar for $7.4 billion. Subsequently, significant business moves were the acquisition of Marvel Entertainment in 2009, Lucasfilm Ltd. in 2012, 21st Century Fox assets in 2018. It’s important to say that Disney has managed to acquire the rights to Star Wars movie franchise as well as Indiana Jones movies. All the moves that Iger has made so far as CEO of The Walt Disney Company have brought about an increase in the company’s earnings as well as the value of their shares in the market. Bob will remain in the CEO’s position until 2023, when he’ll be replaced.
Bob Iger Net Worth
Now, when you look at all the important things and decisions that Iger made as CEO of The Walt Disney Company, it’s easy to conclude that he is definitely the most important person in the management of the company. For over 45 years of his career, Bob has managed to accumulate considerable wealth through his hard work. According to recent estimates, his net worth is estimated at $800 million.