After taking over for Bob Chapek, Bob Iger has been named the next CEO of Disney for a second time. His involvement in the entertainment sector has increased his net worth over time.
On November 21, it was official that Iger would take over as the company’s CEO once more. According to reports, this choice was taken as a result of the business’s recent financial success.
With Iger back on board, the business will likely undergo some modifications to ensure that its objectives are being met.
Bob Iger’s Net Worth in 2022 Revealed
Iger has an estimated net worth of $350 million, according to Celebrity Net Worth. He reportedly earns an estimated $50 million as his “take home amount,” according to the outlet. On the other hand, nothing about his remuneration has ever been verified against the reports.
For instance, Variety reported that Iger received a comp package worth roughly $46 million in 2021. According to reports, this was more than double the previous year. While the former CEO Chapek’s actual pay was reportedly around $2.5 million, it was offset by additional bonuses throughout the years.
The bonus packages that a company’s board decides to award may change from year to year and depend on the firm. In certain circumstances, the base income is smaller, but stock options, cash bonuses, and other benefits are added on top of that.
Iger initially began his career in broadcasting by working at ABC. After 15 years of employment there, he was able to lead ABC Entertainment in 1989.
In 1993, he was appointed vice president of Capital Cities/ABC and president of the ABC Network Television Group. Iger remained the COO when the Walt Disney organization acquired ABC in 1996. His assistance to the business increased the brand’s success. After that, he was appointed CEO.
In 2006, he made one of his biggest decisions when he bought Pixar. During his leadership, Disney also purchased 21st Century Fox and LucasFilm.
How Long Was He The CEO?
Igor led the business as CEO for 15 years before stepping down in 2020. His work was done between 2005 and 2020.
He stayed with the business for two more years before deciding to retire. In order for Chapek to become familiar with the business and its organizational structure, this was done.
In 2021, Iger officially said goodbye.
He reportedly stated in his statement that he was happy to be invited by the board to return as CEO and that he was highly hopeful about the future of this wonderful firm, according to The New York Times.
Bob Chapek Steps Down as The CEO
On November 21, it was made official that Chapek would be resigning from his job without delay.
In a statement that said, “We thank Bob Chapek for his dedication to Disney throughout the course of his lengthy career, including guiding the company through the unprecedented challenges of the epidemic,” Disney reaffirmed the same.
“The Board has determined that Bob Iger is uniquely positioned to lead the Company through this critical era as Disney embarks on an increasingly challenging phase of industry transition.