Michael Dammann Eisner was born on 7 March 1942, in the town of Mount Kisco, New York State USA, into a Jewish family reaching back to Germany, and is one of the biggest names in the film industry, built on his two decade stint as the Chief Executive Officer and Chairman of the Board of The Walt Disney Company; the billionaire film industry mogul is often credited with bringing “Disney” back from the brink of financial disaster and transforming it into one of the world’s most successful studios.
So just how rich is Michael Eisner? Authoritative sources have estimated that Michael has a net worth of over $1 billion as of mid-2016, much of it accumulated during his aforementioned time with “Disney” from 1984-2005.
Over the course of his career, Michael Eisner has proven himself time and again to be among the film industry’s most capable and competent businessmen and CEOs, and that is exactly why Eisner has managed to walk away from his time inwith a staggering net worth of over a billion dollars.
Michael Eisner Net Worth $1 Billion
Michael Eisner was raised in Manhattan’s Park Avenue, the son of two successful professionals – Eisner’s mother, Margaret, was president of the Irvington Institute hospital, while his father Lester Eisner Jr. worked as a bureaucrat in the US Federal Government. The Eisner family had a long tradition of success in business, and Michael Eisner looked set to follow in their footsteps. In his youth, Eisner attended one of the oldest American summer camps – the Keewaydin Canoe Camp in Vermont, Canada. The film industry magnate has often been quoted attributing his drive for success to the time he spent here. He was educated at The Lawrenceville School, and then Denison University from where he graduated in 1964 with a BA in English.
Whatever the case, Michael Eisner’s career would have an auspicious start. Working for a time in various American broadcasting networks, Eisner came to the notice of fellow businessman and film industry legend Barry Diller, who invited Michael Eisner to work with him for the television broadcaster ABC – and Eisner must have made the right impression, because when Diller left ABC to become the Chairman of the film studio and distributor Paramount Pictures Corporation, he extended an offer for Eisner to become the CEO of Paramount’s studio branch. Eisner’s time in Paramount Pictures yielded a host of commercially successful films, including the science fiction franchise “Star Trek”, and the 1981 adventure film “Indiana Jones and the Raiders of the Lost Ark” – successes that have certainly contributed a lot to Eisner’s net worth. It was during his work in “Paramount” that Eisner first met another future film industry heavy-hitter, Jeffrey Katzenberg.
In 1984, with Barry Diller departed from Paramount Pictures and the position of studio chief passed on to another, Michael Eisner left Paramount to become the CEO and Chairman of the Board for The Walt Disney Company. These would be Eisner’s most successful years, and in the two decades to follow, “Disney” recovered from its earlier slump to become a world-famous film studio and company, releasing such classic animated films as the 1989 “The Little Mermaid”. By the time Eisner left “Disney” in 2005, his net worth had already increased massively, and his name was well known in the film business.
In 2007, Eisner’ launched a studio, Vuguru through his investment firm, The Tornante Company, which produces and distributes videos for the Internet, portable media devices and cell phones.
Later the same year, Eisner joinedwith Madison Dearborn Partners to acquire the bubble-gum and collectibles firm, Topps Company, and produced a mockumentary style show about his takeover of the Topps Company, called “Back on Topps.”
Of late, Eisner has moved on to host and produce his own talk show on CNBC, “Conversations with Michael Eisner”. No doubt his net worth is still rising.
Reflecting his influence on the world of entertainment, Michael was rewarded with a Star on the Hollywood Walk of Fame in 2008, and was inducted into the Television Academy Hall of Fame in 2012.
In his personal life, Michael Eisner lives with his wife, Jane Breckenridge(m. 1967); they have three sons.
Developed Nick at Nite show "Glenn Martin DDS". [August 2009]
Facing the biggest challenge during his time at Disney as he faces calls for his resignation by Roy Edward Disney and Stanley Gold (former Disney executives) and Walt Disney Co. faces a takeover bid from Comcast, Inc. [February 2004]
Won a lawsuit brought by the Disney shareholders over the compensation package of fired executive Michael Ovitz. Even though the judge ruled that Eisner did not owe the Disney shareholders any money, the judge ruled that Eisner often put his own interests over that of his company. [August 2005]
Graduate of Denison University in Granville, Ohio.
After receiving an unprecedented rebuke from shareholders in 2004 with 43% of shares being withheld for his re-election, he stepped down as the Chairman of the Board, and continued to hold the position of CEO.
President and COO of Paramount Pictures (1976-1984).
Has been criticized in recent times for having a fractious style of management which has led to a string of top executives leaving the company.
He was heavily criticized for building a Board of Directors which was filled with friends and supporters who did not effectively balance his own influence in the boardroom. Reforms that were made under pressure brought in renowned diplomat and negotiator Senator George Mitchell, but also removed the harshest critic of Eisner in the boardroom - Roy Edward Disney.
Under his leadership, Disney was transformed from a film studio and theme park company to one of the largest media powerhouses in the world. The company's market capitalization grew from $2 billion in 1984 to $61 billion in 2001. The company is now worth $50 billion.
CEO and Chairman of the Board of the Walt Disney Co. (1984-2005).
When Barry Diller brought Eisner to Paramount in 1976, the company was firmly in sixth place (out of six) in the movie industry, without a single release in the box-office top ten. Two years later, half of the top box-office were Paramount productions, and Paramount was the top movie studio.
As a top programming executive at ABC in the 1970s, he was instrumental in taking the network from its usual third place to the top through programming like Happy Days (1974).
Worked his way up from an mid-level manager to the VP of Prime Time Production at ABC (1966-1976).
When dissatisfied with his work at NBC, he mailed out hundreds of resumés to further his career. He received just one response - from Barry Diller at ABC.