Bobby Kotick was born in the USA in 1963. He grew up in New York and wanted to start his own business when he was pretty young. When he was in school, he had business cards. When he was in high school, he took out Manhattan clubs as part of his own business. He was at the University of Michigan getting his Bachelor of Arts in art history, but he dropped out quickly because, as Steve Jobs had told him, he wanted to focus on making software.
Bobby Kotick Most money made from
Bobby bought and sold up to 2,400 units of Activision Blizzard Inc stock worth about $120,000 in 2017 in 15 trades since 2005. In 2016, he made his biggest deal. He sold $8,58,000 worth of Activision stock. Since 2004, Mr. Kotick has traded an average of 308,300 units every 48 days. In short, Bobby Kotick has sold about $450 million worth of stock over the course of 20 years, from 2000 to 2020. According to news from 2022, Bobby owns 4 million Activision shares worth $2,880,000 and 70,000 Coca-Cola shares worth $1,600,000.
| Name | Robert A Kotick |
| Birth Date | 1963 |
| Birth Place | USA |
| Profession | Businessman |
| Ex-Wife | Nina Kotick |
| Net Worth | $650 Million |
The successful Career of Bobby Kotick:
Bobby Kotick started Arktronics with his friend Howard Marks while he was a student at the University of Michigan in 1983. They worked together to make software for the Apple II and got Steve Wynn to put $300,000 into Arktronics. When Steve Jobs heard about their software, he told them to quit school and focus on making money with their software. Kotick did just that.
Commodore International: Bobby wanted to buy Commodore International in 1987. He first planned to make the Amiga 500 into the first 16-bit video game system by taking out the keyboard and disk drive. He tried this plan but failed, so he bought a piece of Leisure Concepts, which later changed its name to 4Kids Entertainment.
Activision and the game industry: Bobby Kotick owns shares in Activision
Kotick bought a 25% stake in Mediagenic in 1990. This company later became Activision. He changed the way the company was set up and made sure its goals were matched with making video games. Soon, in 1991, he was named CEO of the brand-new company and led it to huge sales and growth. Starting the hugely popular “Call of Duty” video game series in 1995 was his idea. From 1997 to 2003, he was in charge of Activision and bought 9 development companies.
From 1986 to 1995, Kotick was also the president and creator of International Consumer Technologies. Later, Activision bought the company outright and made it a subsidiary. Bobby became well-known in 2006 for making hit video games like Overwatch, World of Warcraft, and Diablo, after the successful merger with Sierra Entertainment and Blizzard Entertainment.
The Different career of Bobby Kotick in ESports
Later, in 2010, Kotick changed his attention to E-sports and started the Overwatch League. Bobby Kotick was named the CEO of a publicly traded tech company with the most years of service in 2017. Bobby kept working hard and increased the number of video games made at Activision so that the company could sell its games in Asia.
Robert Kotick’s national contribution
Kotick worked with a number of partners and made sure they had good ties with each other so that the gaming community could continue to benefit. He asked Sony to lower the price of consoles in 2009 so that developers would keep making games for PlayStation. As a result of investing in the country’s pool of game developers, Kotick asked the British government to give Activision with the same kinds of tax breaks that Singapore, Canada, and eastern countries offer.
Independent Game
Kotick also set up a challenge for independent games with a prize pool of $500,000. This way, small developers can show what they’re proud of and work on new platforms. At the same time, he was involved when Activision bought big companies like King and Major League Gaming. The computer games that Kotick made also helped make movies based on those games. According to news reports from April 2021, Kotick gave the University of Michigan money to start an e-sports school. With his $4 million gift, he will be able to help them create the program, which will include research, computer science lessons, user experience, and sports management.
Income sources
It was said that he made $30 million a year in 2019, which included bonuses, stocks, perks, and options. It’s possible that options and stocks brought in 85% of his income. There were 21 other CEOs in the US who made more than him that year.
Reports say that he makes 320 times as much as the average Activision Blizzard employee, who makes $97 thousand a year. Additionally, he has an agreement with Activision Blizzard that says he will get extra money if the company meets certain financial goals related to mergers and acquisitions. When the price of an Activision share goes up, Kotick’s incentive bonus goes off too.
Biggest achievements
Not only is Bobby Kotick’s high net worth a big part of his fame and success, but he has also done some other great things that deserve praise. Between 2016 and 2022, Kotick was written about in LA Business Times. In 2016, Vanity Fair put him 50th on their New Establishment List. For more information, Harvard Business Reviews placed him 75th among the world’s best-performing CEOs in 2016. Along the same lines, he made it to the 27th spot on Adweek’s list of the Top 100 Media Leaders in 2015 and the 24th spot in 2016.
Recent Partnerships
During the COVID-19 pandemic in 2020, Activision Blizzard and many other gaming companies worked with the World Health Organization (WHO) on the #PlayApartTogether campaign to encourage people to stay away from each other physically and have social events online. Robert Kotick shared his thoughts on the campaign, thanking them for their participation and showing how their gaming platform could be used to bring people together online and make them happy. Kotick also gave money to the United Negro College Fund, Management Leadership for Tomorrow, and the Equal Justice Initiative in June 2020.
Personal Life
Mr. Kotick was born in New York and now lives in California. He was married to Nina Kotick, but they split up in 2012. Austin Kotick is his son’s name. There is a lot of abstract art in his Beverly Hills home. When people learn about Bobby Kotick’s successes and see all of his events, they often wonder how old he is. He is currently 58 years old. Some executives at Activision Blizzard are younger than him, and some are as old as 77 years old. However, Bobby Kotick’s pay is higher than that of all other executives because he has made so many important contributions to the industry. He was motivated to work hard from a young age, which helped him be successful later on. He has given a lot of young people ideas.
The Future for Booby Kotick
Activision Blizzard hired Bobby Kotick and their contract was set to end in 2021. However, the company has now extended the contract until March 2023. This means that Kotick will stay on as CEO of Activision for two more years. But as part of this deal, both sides agree to take a 50% pay cut for the next few years.
The move to lower Kotick’s pay was his own free choice to meet some company goals. Kotick also decided that his annual bonus would be cut in half, which would mean that he would get $1.75 million less in 2022 and 2023.
Last year, Bobby’s pay caused a stir when shareholders said he was paid too much. The CtW Investment Group, a company that fights against high executive pay, agreed with this point of view and asked shareholders to vote against Kotick’s earlier salary.
Koticks can still make up to 200% more than his base salary, though, because there are no limits on how much he can help the company. According to the Activision Blizzard amendment notes, Robert Kotick has grown the game company’s market value from $10 million to $70 billion, and from 2000 to 2022, shareholders have gotten up to 8100% more money back. It’s no surprise that Robert Kotick’s net worth is high; it will continue to rise thanks to his great leadership.
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Conclusion
Bobby Kotick’s journey from a young entrepreneur to one of the wealthiest figures in the gaming world is a testament to his unwavering commitment, business acumen, and the evolving landscape of the gaming industry. With a keen eye for innovation and a knack for strategic decision-making, Kotick’s net worth reflects his significant influence and success within the gaming sector.