American talent agent Michael Ovitz has an estimated net worth of $400 million in 2012. The majority of Ovitz's net worth is acquired from the Walt Disney company where he served as President, and Creative Artists Agency as its Chairman and co-founder. In the past, he has served as the talent agent for artists like Sylvester Stallone, Dustin Hoffman and Tom Cruise. He is also the man behind the forming of CKE, a firm that combines Artist Television Group, Lynx Technical Group, Artist Production Group and Artist Management Group.

Michael S. Ovitz was born on December 14, 1946 in Chicago Illinois. Since 1969, he has been married to Judy Reich with whom he has three children named Christopher, Kimberly, and Eric. After completing his degree in theater, film, and television in 1968 from the University of California Los Angeles, he started working for William Morris Agency where he spent the next six years of his life. Together with four colleagues, they left William Morris to launch Creative Artists Agency.

In 1995, he left CAA to join the Walt Disney Company as President. Eventually, he left Disney to form CKE in 1999 which was comprised by the four distinct companies mentioned above. In 2009, AMG was sold for $12 million to Jeff Kwatinetz.