Robert Iger Net Worth 2024

What is Robert Iger’s Net Worth and Salary?

Robert Iger is an American businessman and CEO who has a net worth of $350 million. During Bob Iger’s tenure as CEO, he reworked Disney into a way more profitable leisure firm by overseeing the acquisition of rival corporations akin to LucasMovie, Pixar, and Marvel.

These selections and plenty of others translated into monetary success for the corporate, as Disney elevated in market capitalization worth from $48.5 billion to a whopping $257 billion inside an area of simply 13 years whereas Iger was CEO. The yr Bob Iger took over as CEO, the corporate generated $2.5 billion in revenue. In 2019 – his final full yr as CEO – the corporate generated $10.4 billion in income. Disney shares rose 400% between 2005 and 2020 – not together with dividends.

Early Life

Robert Allan Iger was born on February tenth of 1951 in New York City. Raised in a Jewish family, Iger was the son of a World War II navy veteran, and his father went into advertising, promoting, and public relations following his navy service. After graduating from highschool in 1969, Iger attended the Roy H. Park School of Communications at Ithaca College, graduating in 1973. He earned a Bachelor of Science in Television and Radio. He confirmed an early curiosity within the broadcasting trade, internet hosting an Ithaca College tv present and dealing as a weatherman in Ithaca for five months. Although Robert Iger initially wished to turn into an anchorman for a significant information channel, he quickly selected a distinct profession path.

ABC

He joined ABC in 1974, initially working as a menial laborer for a low wage. However, he steadily labored his manner up the ranks through the subsequent 15 years, changing into the top of ABC Entertainment in 1989. He then grew to become the president of ABC Network Television Group and the vp of Capital Cities/ABC in 1993. In 1994, he moved up the ranks as soon as once more, changing into COO (Chief Operations Officer) of ABC’s mum or dad company, Capital Cities/ABC.

Walt Disney

In 1996, the Walt Disney Company bought Capital Cities/ABC, and Robert Iger remained the COO. He finally grew to become president of the corporate – a place he held till 1999 when he grew to become the president of the Walt Disney Company. He remained because the chairman of the ABC group. Iger was now working straight underneath Michael Eisner, the CEO of Disney, when beforehand Eisner had acted as each the president and the CEO of the corporate.

Iger would quickly finish Eisner’s reign as CEO by changing him on the prime of the ladder in 2005. Iger was chosen by Roy E. Disney amongst others inside the ranks of Disney who wished to offer the model a recent face and discover new alternatives. Roy E. Disney and different board members even went as far as to launch an official “Save Disney” marketing campaign earlier than agreeing on Iger as the following CEO.

Pixar Acquisition

One of Iger’s boldest strikes as Disney CEO was to announce the acquisition of Pixar a yr later in 2006. All in all, the transaction was value $7.4 billion, and it was a complete takeover by Disney. In 2009, Iger made one other daring transfer when he acquired Marvel Entertainment for $4 billion. In 2011, Iger grew to become chairman of the board and likewise grew to become a member of the board of administrators of Apple, Inc. Disney and Apple grew to become carefully intertwined after Iger’s enterprise dealings.

LucasMovie Acquisition

In 2012, Iger made one other gorgeous acquisition when he bought LucasFilm from George Lucas for $4 billion. This transfer gave the Walt Disney Company the rights to the Indiana Jones and Star Wars franchises. Although these acquisitions had been clearly expensive to Disney, it simply skilled a return on its funding inside a number of quick years. In 2014, Disney had already recouped $4 billion on its acquisition of Marvel. When The Force Awakens launched in 2015, it grossed $2 billion on the field workplace – recouping half of Disney’s funding with a single film.

twenty first Century Fox

In 2018, Disney made one other daring transfer underneath Iger’s steerage when it accomplished the acquisition of twenty first Century Fox. Although his contract was initially slated to run till 2018, Disney repeatedly prolonged Iger’s reign as CEO. Twice throughout 2017 Disney prolonged his contract, finally reaching an finish date of 2021. However, Iger stepped down voluntarily in 2020 – one yr wanting his contract’s finish. He had stepped down as a member of the board of administrators for Apple one yr earlier as nicely, citing potential conflicts of curiosity as Apple eyed the leisure world with Apple TV.

Retirement

Many have speculated that Robert Iger had stepped down as CEO because of the ongoing Coronavirus/COVID-19 state of affairs throughout this time. These speculations are considerably substantiated by Iger’s resolution to forgo his wage simply earlier than his resignation, citing the financial considerations caused by the virus.

Earnings and Salary

At one level, Bob Iger’s 1.08 million shares of Disney had a market worth of $130 million. In a typical yr main as much as his retirement, Bob earned $40 – 50 million in complete compensation, together with base wage, bonus, and inventory grants. In 2015, it was reported that Iger had earned $44.9 million in annual wage. In 2019, Forbes reported that Iger had earned $3 million that yr in wage, plus a bonus of $21.8 million. He additionally earned  $19.6 million by way of inventory awards and choices, bringing his complete earnings to $47.5 million that yr.

Awards

In 2012, Robert Iger received the Ambassador of Humanity Award, and it was introduced to him by Steven Spielberg. Additionally, he has received the Milestone Award from the Producer’s Guild of America in 2014. In 2019, Iger was named Time journal’s “Businessperson of the Year.”