Michael Eisner Net Worth
Michael Eisner Net Worth: Michael Eisner is an American businessman who has a net worth of $1 billion. Michael Eisner earned his net worth by being the chief executive officer of the Walt Disney Company for 11 years. He was born Michael Dammann Eisner on March 7, 1942, in Mount Kisco, New York. After he got his first taste of the entertainment industry with a summer job at NBC studios in New York, he jumped from one job to next as he knew he could do more. Not happy, he sent out hundreds of resumes. Eventually, Eisner was noticed and hired by Barry Diller, who worked in the programming department of ABC at the time, to serve as assistant to the national programming director at ABC in 1966. After six years in the department, he took on the role of vice president for Daytime Programming. During his mandate, there were successfully promoted the popular soap operas All My Children and One Life To Live. In 1976, Michael Eisner came to be senior vice president for Prime-Time Production and Development. Thus, he was the man to take the network from third to first place in the ratings with shows like Happy Days, Welcome Back Kotter, Barney Miller and Starsky and Hutch. The same year, Mr. Eisner became the president and chief operating officer of the Paramount Pictures. Thanks to his cut-costs policies and manifold hits like Raiders of the Lost Ark, Saturday Night Fever, Grease, Trading Places and Beverly Hills Cop, he turned the studio into one of the most profitable in the world. It was in 1984 that Eisner left Paramount to serve as chairman and CEO of The Walt Disney Company. Ever since, he has transformed Disney into a Fortune 500 global media powerhouse with more than $25 billion in annual sales. Apart from EuroDisney, Mr. Eisner has successfully avoided major missteps and built Disney into a world-class corporation. By the time he left his position in 2005, he became a billionaire himself. Post-Disney, he remained in the entertainment industry as a host of talk shows and setting up his own studio via his investment firm, The Tornante Company. In 2012, he was inducted into the Television Academy Hall of Fame.