Source of Wealth:EchoStar, Dish, Self-made
Birth Place:Oakridge, Tennessee, United States
Marital Status:Married (Cantey McAdam)
Full Name:Charles William Ergen
Date of Birth:March 1, 1953
Occupation:Chairman of Dish Network and EchoStar Communications Corporation
Education:Wake Forest University School of Business, University of Tennessee
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.
The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Charles Ergen Net Worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.
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