Charles Ergen Net Worth

Net Worth: $6.4 Billion

Statistics
  • Source of Wealth EchoStar, Self-made
  • Nationality United States

About Charles Ergen

American satellite broadcasting mogul and one of the founders/Chairman, of EchoStar Communications Corporation, Charles W. “Charlie” Ergen has a net worth of $6.4 billion as of September 2011, according to Forbes’ list of billionaires. Ergen got his start as financial analyst at Frito-Lay. Tried his hand playing pro poker. He switched to selling TV satellites from a truck with wife in 1980s. He gave up CEO title at Dish after 30 years, handing reins to former Sirius CEO Joseph Clayton, to focus on big-picture deals. In April 2010, Dish bought bankrupt retailer Blockbuster for $320 million, then snapped up broadband spectrum for close to $3 billion in bankruptcy auction. One scenario: Dish offers its 14 million subscribers a Netflix-like streaming service plus mobile voice and data. Ergen, a skilled poker player, is staying mum. Says his moves are like an episode of Seinfeld. “It seemed to all come together in the last couple of minutes.” Settled bitter lawsuit with TiVo in May 2011 for $500 million.

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