Bobby Kotick Net Worth: How Much Is He Worth?
For a businessman serving as the CEO of Activision Blizzard, Bobby Kotick’s net worth must be quite a lot. Check out his net worth in this report.
Bobby Kotick is well-known as the CEO of Activision Blizzard, a role he is reportedly leaving at the end of the year. In 1991, he took over as Activision’s CEO, and in 2008, he masterminded the company’s merger with Blizzard.
By market capitalization, Activision is the second-biggest publicly listed video game firm. Popular games on it include Candy Crush, Call of Duty, and World of Warcraft. Over 10,000 people work for the company internationally.
Under Kotick’s direction, Activision’s market value increased from $14 billion to nearly $54 billion in the ten years between 2010 and 2020.
👉 For more insights, check out this resource.
Microsoft declared in January 2022 that it would acquire Activision for a sum of $75 billion. Bobby’s approximately 4 million shares were valued at $380 million at Microsoft’s acquisition price of $95 per share.
Before the deal was made public ten years ago, Bobby sold almost $450 million worth of shares. Additionally, he has occasionally been among the highest-paid CEOs globally. In 2020, his total pay was $154 million.
👉 Discover more in this in-depth guide.
Bobby Kotick is on the boards of several firms, mostly computer companies, in addition to his work in the video game industry.
He is currently a non-executive director of The Coca-Cola Company and was previously a director of Yahoo! Furthermore, he was a member of the Tony Hawk Foundation board of directors.
With his eminent retirement from his role as CEO of Activision Blizzard, Bobby Kotick’s net worth has become a topical issue.
As this article continues, we will get to know how much money he has made in his illustrious career.
Early Life of Bobby Kotick
Everything has a beginning. Here, we are going to find out how life began for the American businessman. We will get details of his educational background and other things about him in this section of the article.
In 1963, Robert A. Kotick was born. Raised in New York, he developed an early interest in business and entrepreneurship.
Even as a junior in high school, he was designing his business cards, and by the time he graduated, he had already launched his own company. He attended the University of Michigan to study art history after finishing high school.
Bobby Kotick’s net worth is in focus, but how did his career start?
In 1983, while still a student at the University of Michigan, Kotick and friend Howard Marks launched a technology startup named Arktronics out of their dorm room.
The two worked on creating Apple II software. Kotick met Steve Wynn in his sophomore year and made an investment proposal to him for Arktronics. Wynn then contributed $300,000 to the business.
Bobby Kotick began talking about a merger with Vivendi, a French entertainment company that owned Blizzard Entertainment and Sierra Entertainment, in November 2006.
The Activision Blizzard merger, which resulted in the creation of Activision Blizzard, was orchestrated by Kotick. On July 9, 2008, Activision Blizzard shareholders authorized Kotick to lead the merged business.
According to Kotick, his goal was to expand on Blizzard’s achievements in the Asian market by bringing Activision’s titles there.
Bobby Kotick to Step Down as Activision Blizzard CEO
The next section of this article will feature a discussion of Bobby Kotick’s net worth, but in this section, let’s get to know more about the reports of Bobby Kotick stepping down as Activision Blizzard CEO at the end of the year.
According to an internal statement released on Wednesday by Phil Spencer, the CEO of Microsoft Gaming, Activision Blizzard CEO Bobby Kotick will leave the firm on December 29.
Following Microsoft’s $69 billion acquisition of Activision Blizzard in October, a leadership transition was anticipated. The United States, the United Kingdom, and Europe subjected the agreement to intense regulatory examination.
Earlier, Bobby Kotick had declared that he would continue in his role as CEO until the end of 2023. Before taking up the role of CEO of Activision Blizzard in July 2008, he joined the company in February 1991 as a director and CEO of Activision Inc.
“I’d like to thank Bobby—for his invaluable contributions to this industry, his partnership in closing the Activision Blizzard acquisition, and his collaboration following the close—and I wish him and his family the very best in his next chapter,” Spencer wrote in the memo, which was viewed by CNBC.
In a memo to employees Wednesday, Kotick expressed “gratitude and appreciation” for his time at Activision Blizzard.
“I cannot adequately express the pride I have in the people who continue to contribute to our success and all those who have helped throughout my 32 years leading this company,” Kotick wrote in the release, which was posted to Activision Blizzard’s website. “We are now part of the world’s most admired company. That isn’t an accident.”
Bobby Kotick Net Worth: How Much is He Worth?
As a famed businessman, he has made quite a lot of money in his career. Sources estimated Bobby Kotick’s net worth to be $600 million.
It was disclosed in 2020 that Bobby Kotick earned almost $40 million in revenue in 2019. This comprises an increased bonus, perks, and stock options in addition to a base pay of $30.1 million (which is lower than $31 million from the prior year).
It was disclosed in 2021 that Bobby’s total remuneration for 2020 was $154 million. He was among the highest-paid CEOs of a publicly traded company for the year as a result.
Following many accusations of sexual harassment and assault at the workplace, Bobby voluntarily asked for his compensation to be lowered to $62,500 in October 2021.
