Bobby Kotick Net Worth
Bobby Kotick net worth and salary: Robert "Bobby" Kotick is an American businessman who has a net worth of $600 million. Bobby Kotick is most notable for being the CEO of Activision Blizzard, a position he has held since 1991. As of this writing, Bobby owns a tad under 4 million shares of Activision/Blizzard and 70,000 shares of Coca Cola. As of this writing, his 4 million ATVI shares are worth $288 million. In the 20 years prior to this writing he has sold around $350 million worth of his shares. His Coke stake is worth $16 million.
Bobby began working for Apple in 1983 when he was still an undergrad student at the University of Michigan. Apple co-founder, Steve Jobs actually convinced Bobby to drop out of school to pursue a career full-time in the burgeoning software industry.
In 1987 Bobby attempted to acquire the computer company Commodore International. His idea was to remove the disk drive and keyboard from the Commodore hardware and sell the rest as a home gaming console. Unfortunately he was unable to convince the people in charge at Commodore that this was a good idea, and the acquisition failed. He then acquired a controlling interest in Leisure Concepts, the licensing agent for Nintendo. He subsequently re-named the company 4Kids Entertainment.
In 1990, Kotick and partner Brian Kelly acquired a 25% stake in gaming company Activision. In 1991 he became the CEO.
Over the last several decades, he has built one of the most successful video game publishers in the world. In 2008 he engineered the merger between Activision and Blizzard Entertainment, another top video game publisher. Today Activision Blizzard is a publicly traded company with a market cap north of $50 billion. They employ more than 9,000 people. Some of the company's biggest gaming hits include Call of Duty, Guitar Hero, Overwatch and World of Warcraft.
Kotick is often a controversial figure in the video game world, being seen as not caring about the video game playing consumers and more about the bottom line for corporate profits. Still, it's hard to argue with success, and Kotick is one of the most successful people to ever be in the business of video games.
Stock Sales: According to company filings, in the two decades between January 2000 and March 2020, Bobby has sold roughly $450 million worth of Activision stock. A large chunk of that windfall came in August 2016 when he sold $347 million worth of his shares.
Robert A. Kotick
|Net Worth:||$600 Million|
|Date of Birth:||1963|
|Nationality:||United States of America|