Bob Iger is one of the most influential business leaders in the world. He has been the CEO of Disney since 2005 and has a net worth of $690 million, per Forbes' estimates.
On December 3, the Television Academy announced that Iger — along with Seth MacFarlane and Cicely Tyson, among several others — would be inducted into the Hall of Fame.
The 25th Hall of Fame Ceremony will take place on January 28 at the Television Academy's Saban Media Center, according to the Hollywood Reporter.
Iger was born Robert Allen Iger in Brooklyn, New York, and raised in the small town of Oceanside, New York.
He attended Ithaca College where he graduated magna cum lade in 1973 with a degree in Television and Radio.
next slide will load in 15 secondsSkip AdSkip AdIn 1974, Iger joined ABC, working in New York City. He wrote in his memoir "The Ride of a Lifetime" that he did "menial labor" for basically every show ABC produced out of Manhattan at the time.
Iger wrote in his book that he got his first job at ABC because of his uncle, who was in the hospital for eye surgery. His uncle was in the room next to someone who claimed to be a top executive at ABC, who said he would give the younger Iger a job.
Iger took the "top executive" up on his offer, though he quickly realized that the person was not a "top executive" but instead a lower-level one. Still, the person ran a small department at ABC known as Production Services and was able to secure Iger an interview with the department.
At age 23, Iger was brought on as a "studio supervisor."
But after a confrontation with his boss, Iger was fired and began looking for a new job. Soon after, he moved over to a position at ABC Sports.
Iger has said that one of his bosses accused Iger of spreading rumors about him, causing the young Iger to be fired.
"He called me in and accused me of spreading rumors about him," Iger recalled at the UCLA Awards Gala in 2013, "when I knew the rumors happened to be based in fact. He told me I wasn't promotable and I had two weeks to find another job somewhere in the company or I was gone. Fortunately, I was able to find another job in the company. They didn't think I wasn't promotable, I guess."
He worked his way up the ABC Sports ladder, working closely with Roone Arledge, "a relentless perfectionist" who was the head of ABC Sports at the time.
Iger wrote in his book that Arledge was the one who taught him the mantra which would follow Iger for the rest of his life: "Innovate or die."
Iger went on to become the vice president of ABC Sports. ABC was later sold to Capital Cities Communications for $3.5 billion, in a deal finalized in 1986.
Shortly after, Tom Murphy and Dan Burke — the heads of Capital Cities/ABC — tapped Iger to become the head of ABC Entertainment, and Iger moved to Los Angeles, California.
Iger wrote in his memoir that the constant traveling put strain on his first marriage, to Kathleen Susan. Eventually, the two divorced. They have two daughters.
next slide will load in 15 secondsSkip AdSkip AdWhile at the helm of ABC Entertainment, Iger was the one who took a chance and put David Lynch's "Twin Peaks" on air.
In 1993, Iger became president of ABC Network's Television Group. When Burke retired, Iger was tapped to replace him as president and chief operating officer of Capital Cities/ABC.
In 1995, Iger married journalist Willow Bay who, at the time, was a stand-in weekend news anchor on Good Morning America, and was poised to take over for then-full time host Joan Lunden.
Iger and Bay became engaged in 1995. But after Disney agreed to buy Capital Cities/ABC that same year, Iger had quick decisions to make.
At that time, he wrote in his memoir, he had been commuting weekly to Los Angeles to meet his new Disney colleagues. He knew that after the acquisition was approved, he and Bay would not have much time to honeymoon. So, they quickly married later that same year.
"Willow and I also knew we'd have no chance for a honeymoon once the deal closed," he wrote. "We radically shortened our engagement and got married in early October 1995."
They are still married, living in Brentwood, California, and have two children together.
In 1996, The Walt Disney Company bought Capital Cities/ABC for $19 billion, and renamed it ABC, Inc.
Iger wrote in his memoir that he heavily considered walking away from Disney at this point. But as part of the Disney-ABC merger, Iger agreed to run a media division at Disney for five years.
In 1999, Iger became the president of Disney International, the business division overseeing Disney's global operations. A year later, he was tapped to become the chief operating officer of Disney, working directly under then-CEO Michael Eisner.
Forbes reported that between 1994 and 1999, Eisner made $631 million. In the year 1997 alone, Eisner reportedly made more than $550 million. Over the years, Eisner invested his Disney money and became a billionaire by 2008 — perhaps predicting the financial path Iger is well on his way to following.
Source: Variety
next slide will load in 15 secondsSkip AdSkip AdIn the early 2000s, tensions began to brew between Eisner and Roy E. Disney, the heir of Disney. After Eisner stepped down, Iger became the CEO of the Walt Disney Company in 2005.
One of Iger's first major moves as CEO was to rebuild Disney's relationship with Pixar. At the time, the relationship between Disney and Pixar was strained, and Iger felt the future of Disney Animation relied on repairing it.
Before he officially became the CEO of Disney, he called to let Steve Jobs — who was the majority shareholder in Pixar — know he was being appointed CEO and shared his hope they could discuss working together in the future. From there, the two began to slowly work on repairing the fraught relationship between the two companies.
Iger wrote in his memoir that he felt Disney needed Pixar to help enter the future of animation. Pixar at the time was using technologies to produce content that had never been seen before, Iger wrote in his book.
Iger wanted Disney to be in on it — not just as a distributor for the films, as their previous agreement had stated, but to actually own what Pixar was bringing to the table.
Luckily, the two companies found a way to come together, and in 2006, Disney announced that it would acquire Pixar for $7.4 billion, making Jobs, the majority shareholder in Pixar at the time, the majority shareholder in Disney.
In 2009, Iger led Disney's acquisition of Marvel for $4 billion. This gave Disney access to the Marvel comic book library, which was the beginning of the now multibillion-dollar, box office record-breaking Marvel Cinematic Universe.
Iger wrote that part of the reason Marvel CEO Ike Perlmutter was willing to sell the company was because Jobs called Perlmutter to "vouch for" Iger and praised how Iger had handled the Disney-Pixar merger.
Still looking to help Disney expand into the future, in 2012, Iger led Disney's acquisition of Lucasfilm for $4.05 billion. This gave Disney control of not just the Star Wars franchise, but also the Indiana Jones franchise.
next slide will load in 15 secondsSkip AdSkip AdThe company's acquisition spree continued in 2018, when Disney agreed to buy 21st Century Fox. Fox at the time was owned by billionaire Rupert Murdoch who, after the sale, became one of the largest shareholders in Disney.
Forbes reported in March that, if Murdoch were to cash in all stock available to him from the Disney deal, he owns about $10.5 billion worth of Disney stock. In addition, Variety reported that collectively, the Murdoch family members are now "the largest individual shareholders in Disney."
Iger wrote in his memoir that Murdoch selling the company he had built from scratch was an indicator that the "disruption" which was threatening the entertainment industry was now inevitable.
"As [Rupert Murdoch] pondered the future of his company in such a disrupted world, he concluded the smartest thing to do was to sell and give his shareholders and his family a chance to convert its 21st Century Fox stock into Disney stock, believing we were better positioned to withstand the change and, combined, we'd be even stronger," Iger wrote in his book.
In March, the merger between 21st Century Fox and Disney was completed, with a price tag of $71.3 billion. This move made Disney the second largest media company in the world, Forbes reported.
Iger is known among peers for being a very kind leader and has been praised by his contemporaries for the way he has handled the mergers of Pixar, Marvel, and Lucasfilm.
In the past 14 years, he has grown Disney's profits 335% to $260 billion, Business Insider reported.
Forbes also reports that under Iger, Disney has created more than 70,000 new jobs.
"Literally, I have never heard one person say a bad thing about him and I have never seen him be mean," billionaire David Geffen told The New York Times in a profile on Iger. "To be honorable, decent, smart, successful, and a terrific guy is unusual anywhere. But it is most unusual in the entertainment business. He's in a category of one."
Iger's own increasing fortune has paralleled the rise in Disney's value over the years he's been at the helm.
Forbes reports that Iger's net worth is now a staggering $690 million, making him richer than the current Disney heir, Abigail Disney, who has said she's worth about $120 million.
Forbes reported that that Iger's fortune is split between his Disney shares "and cash or other investment from sales of Disney shares over the decades."
According to Forbes, Iger was compensated $65.6 million in 2018, which is 1,424 times the average Disney employee's salary. He had been given another $26.3 million in stock after he successfully closed the Disney-Fox merger and for agreeing to extend his contract until 2021. His initial compensation last year was $39.3 million (not including stock rewards).
In April 2019, Abigail Disney publicly criticized Iger's high pay on Twitter and later wrote an op-ed in the Washington Post elaborating on her thoughts.
"I'm not arguing that Iger and others do not deserve bonuses. They do," Disney wrote. "They have led the company brilliantly. I am saying that the people who contribute to its success also deserve a share of the profits they have helped make happen."
As Iger is a very private person, not much is known about his spending. He lives in a $19 million home in Brentwood, California, with his wife and their two children.
They bought their Brentwood home in 2006 from actress Michelle Pfeiffer for about $19 million, the Orlando Sentinel reported that year.
The home is 7,500 square feet and has five bedrooms with nine bathrooms, with a guest house, a tennis court, and a pool. As of a 2018 interview with Vogue, Iger was still living in Brentwood.
next slide will load in 15 secondsSkip AdSkip AdThe Igers also previously owned an apartment on the Upper East Side of New York City. The property sold in 2018 for $18.75 million, Business Insider reported.
The Igers' former home has a library, living room views of the Jacqueline Kennedy Onassis Reservoir in Central Park, and four bedrooms, including one master suite with two bathrooms and a walk-in closet.
Iger also spends time — and likely money — maintaining his mental and physical health, about which he's notoriously rigorous. He told The New York Times that he wakes up at 4:15 every morning and doesn't touch his phone until he's finished with his morning exercise routine.
When he's "off the clock," he travels. Iger is a regular attendee at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. The media conference is a hub for entertainment and tech moguls, and it attracts titans like Uber CEO Dara Khosrowshahi and Amazon CEO Jeff Bezos.
In his personal life, Iger has a set of A-list friends who have been known to rave about him. One of those friends is media mogul Oprah Winfrey, who has said that if Iger were to run for president, she would not just vote for him but eagerly campaign on his behalf.
He is also close to Jeffrey Katzenberg, cofounder of Dreamworks and former chairman of Walt Disney Studios. Katzenberg has a net worth of $900 million.
next slide will load in 15 secondsSkip AdSkip AdAccording to The Hollywood Reporter, Iger has also been seen on billionaire David Geffen's yacht. In August 2017, Iger was seen on the yacht with Winfrey, Diane von Furstenberg, and Diane Sawyer.
Iger also spends some of his fortune on vacations. Beyond their business dealings related to Disney and Pixar, Iger was also close personal friends with Jobs and has said the two would vacation together in nearby resorts in Hawaii.
"We vacationed at adjacent Hawaiian hotels a few times and would meet and take long walks on the beach, talking about our wives and kids, about music, about Apple and Disney and the things we might still do together," he wrote in his book. "You don't expect to develop such close friendships late in life, but when I think back on my time as CEO — at the things I'm most grateful for and surprised by — my relationship with Steve is one of them."
Iger possibly running for president isn't surprising; he's also spent his free time involved in politics in the past. Shortly after Donald Trump was elected president, Iger joined Trump's Strategic and Policy Forum.
Trump's Strategic and Policy Forum was a business council created to hear the perspectives of different leaders on how to improve job growth in the US.
But Iger stepped down in 2017 after Trump announced the US would withdraw from the Paris Climate Agreement, Variety reported.
Despite many people urging him to run, Iger publicly remains firm that he has no plans to pursue a presidential campaign. One factor currently standing in the way: His current Disney contract doesn't end until 2021.
next slide will load in 15 secondsSkip AdSkip AdIf Iger were to decide to run for president, he certainly has the money to fund a campaign.