How former Disney CEO Bob Iger makes and spends his money: net worth, career - Business Insider

Iger will now assume the role of executive chairman, and will help the company transition until the end of his contract on December 31, 2021."With the successful launch of Disney's direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO," Iger said in a press statement. Iger, meanwhile, was compensated $65.6 million in 2018 — which Forbes notes is 1,424 times what the average Disney employee makes.The Walt Disney Company didn't immediately respond to a request for comment from Business Insider.Here's what we know about Iger's life and rise, including how he made and now spends his multimillion fortune.Forbes reports that Iger's net worth is actually higher than the Abigail Disney's. Forbes reported in 2019 that in his first year as CEO, Iger made $22 million, a salary which did not include the stock options worth $2.9 million.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. Source: Forbes, Business InsiderIger is to be replaced by Bob Chapek, former chairman of Disney Parks, Experiences and Product."With the successful launch of Disney's direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO," Iger said in a press statement. "I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney's multifaceted global businesses and operations, while I continue to focus on the Company's creative endeavors."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. As of a 2018 interview with Vogue, Iger was still living in Brentwood.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 has also said that he doesn't eat carbs unless it's pizza, recalling that during his high school years, he worked at his local Pizza Hut.Variety reports that in 2019, Iger attended the conference along with Facebook CEO Mark Zuckerberg, Shari Redstone, Airbnb CEO Brian Chesky, and even former Democratic presidential candidate John Hickenlooper.Source: Business Insider"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.