Charles Ergen Net Worth

Net Worth: $16.2 Billion
Statistics
  • Source of Wealth:

    EchoStar, Dish, Self-made
  • Age:

    65
  • Birth Place:

    Oakridge, Tennessee, United States
  • Marital Status:

    Married (Cantey McAdam)
  • Full Name:

    Charles William Ergen
  • Nationality:

    American
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About Charles William Ergen

American satellite broadcasting mogul and one of the founders/Chairman of EchoStar Communications Corporation, Charles W. "Charlie" Ergen has a net worth of $11.8 billion. Ergen got his start as financial analyst at Frito-Lay while he also tried his hand playing pro poker. He switched to selling TV satellites from a truck with wife in 1980s. He gave up his 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, saying his moves are like an episode of Seinfeld. "It seemed to all come together in the last couple of minutes." He settled bitter lawsuit with TiVo in May 2011 paying $500 million for patent claims.

Earnings & Financial Data ?
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Earnings 2011

Asset 2011
Estimated value of Hughes Communications Inc. upon acquisition by EchoStar
$1,320,000,000
Asset 2011
Value of the struggling DBSD North America upon acquisition by DISH to enhance its existing wireless spectrum
$1,000,000,000
Asset 2011
Estimated value of bankrupt video rental chain Blockbuster LLC upon acquisition by DISH
$228,000,000
Asset 2011
Value of TerreStar upon acquisition in a bid to add its mobile wireless spectrum to DISH portfolio
$1,380,000,000

Earnings 2007

Asset 2007
Value of Sling Media Inc, a provider of over-the-top video solutions upon acquisition by EchoStar
$380,000,000
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