American business leader and entrepreneur Robert Allen Iger is his name. Iger now serves as the Walt Disney Company Executive Chairman. As of 2022, Bob Iger’s net worth is estimated to be $690 million.
But how did he make his money?
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…
See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000.
Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?
But for now, let’s dig in a little more about Bob Iger…
71 years old
February 10, 1951
Country of Origin:
Source of Wealth
American businessman, Chief executive officer
Between 2005 until 2020, Robert Allen Iger, an American businessman, served as the Walt DisneyCEO, chairman of the board, and executive chairman.
Between 1994 and 1995, he worked as president of ABC Television, and from 1995 to 1996, he served as president and CEO of Capital Cities/ABC. After Michael Eisner stepped down as CEO in 2005, Iger was named president and COO of Disney in 2000.
As CEO of 21st Century Fox, he was instrumental in the $71.3 billion acquisition of 21st Century Fox’s entertainment holdings in 2019, as well as the $4 billion purchases of Pixar in 2006, $4 billion for Marvel Entertainment in 2009, and $4.06 billion for Lucasfilm in 2012. In 2005, Iger introduced Hong Kong Disneyland Resort and Shanghai Disney Resort to the company’s theme park resorts in East Asia.
Walt Disney Animation Studios’ reinvigoration, as well as the branded-release strategy of its film production, and the company’s investment in direct-to-consumer enterprises like as Disney+ and Hulu, were all driven under his leadership.
His replacement as CEO of Disney, Bob Chapek, was announced as his successor on February 25, 2020. On December 31, 2021, Iger was succeeded as CEO and board chairman by Susan Arnold.
Robert Iger was raised as a Jew in Manhattan, where he was raised by his parents and older brother. As the eldest son of Arthur L. Iger and Mimi.
For many years, his father was the executive vice president and general manager of the Greenvale Marketing Corporation and a lecturer in the fields of advertising and public relations. Bob Iger developed interest in playing the trumpet and had a manic-depressive illness.
His mother was a teacher at the Oceanside, New York, Boardman Junior High School. Drawing inspiration from his brother-in-law Jerry, Arthur’s father Joe was the father of Bob’s paternal grandpa.
There, he studied at the Fulton Avenue School until graduating from high school in 1969. He was reared in Oceanside. From a young age, Iger had a passion for literature.
He received a Bachelor of Science degree in Television and Radio from Ithaca College’s Roy H. Park School of Communications in 1973.
Iger has had two previous marriages. Kathleen Susan Iger, his first wife, filed for divorce from him. When they were married they had two little girls. Bridgehampton, New York was the setting for Iger’s interfaith wedding to reporter Willow Bay in 1995. Robert Maxwell “Max” Iger and William Iger are their two children.
Campus Probe, an Ithaca College television show, was Iger’s first foray into the media world in 1972. In Ithaca, New York, where he worked as a weatherman for just five months, he fantasized about being a news anchor.
Gerald Iger joined the NBC network in 1974. (ABC). When he initially started working, he was paid $150 a week to do menial tasks on television sets.
Iger was in charge of the Calgary Winter Olympics’ senior program in 1988. As a result of the event’s disrupting weather and delays, Iger’s crew turned to human interest tales like the Jamaican bobsled team and Eddie the Eagle to help fill the broadcast schedule. ABC executives Daniel Burke and Thomas Murphy were impressed by Iger’s performance under pressure during the event, which resulted in record-breaking viewership for ABC.
In 1989, he was recognized as the head of ABC Entertainment, where he approved projects including Twin Peaks, America’s Funniest Home Videos, and a variety of others.
From March 1993 to July 1993, he was Capital Cities/ABC senior vice president and executive vice president. He was president of the ABC Network Television Group from January 1993 to 1994. Iger became president and Chief operating officer of ABC’s parent company in 1994.
For the past 15 years, he has served as president and chief operating officer of the Walt Disney International, as well as chairman of the ABC Group.
Disney CEO Bob Iger wrote that he believed the company required Pixar to help it reach the next phase of its animation evolution. At the end of the year, two longtime Walt Disney Co. employees will be retiring.
Alan Braverman and Zenia Mucha are also going, in addition to Bob Iger. After failing to reach an acceptable arrangement with the authorities to keep the business operating, Disney announced that it planned to reduce its workforce by around 28,000 people.
Bob Iger Success Clues
One: If you have a fear of making mistakes, you will never be successful.
Two: It is not wrong to change your mind in pursuing a career.
Three: The pursuit of financial gain alone ought not to be our only reason to achieve.
Featured Bob Iger Best Quotes Of All Time! Quotes
"The riskiest thing we can do is just maintain the status quo."
"The riskiest thing we can do is just maintain the status quo."
"There is no science in creativity. If you don't give yourself room to fail, you won't innovate."
"People still love a good story, and I don't think that will change."
"What I've really learned over time is that optimism is a very, very important part of leadership."
"If we give people the ability to buy a lot more because they can store a lot more, for a company that creates TV shows and movies, that's fantastic."
"I think it is incredibly important to be open and accessible and treat people fairly and look them in the eye and tell them what is on your mind."
Bob Iger Events
Robert Allen Iger, an American businessman, was the CEO, chairman of the board, and executive chairman of Walt Disney from 2005 to 2020.
Iger added Shanghai Disney Resort and Hong Kong Disneyland Resort to the company’s theme park resorts in East Asia in 2005. In 1973, the Roy H. Park School of Communications at Ithaca College gave him a Bachelor of Science in Television and Radio.
He has been president and chief officer of Walt Disney International and chairman of the ABC Group for the past 15 years. Bob Iger, the CEO of Disney, wrote that he thought the company needed Pixar to help it get to the next level of animation.
Bob Iger’s net worth as of 2022 is approximately $690 million.
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