In the world of business, there are few things more lucrative than being the CEO of a major video game company. This was proven again on January 5th, 2018, when Activision Blizzard’s (NASDAQ: ATVI) CEO Robert Kotick walked away with over 1.8 billion dollars after the company’s stock saw an intense trading day. This is thanks in part to the success of games such as Call of Duty and Overwatch, which continue to be popular among gamers worldwide.
After seeing Activision Blizzard CEO Bob Kotick make over $1.8 billion in one day, it is understandable if investors are wondering how their returns stack up against his. Fortunately, the past year has proven to be good for Activision’s stockholders. In fact, since January 5th, 2017, the stock has increased by around 20% and is currently trading at $66.31 per share.
For gamers and fans of Activision Blizzard games, the success and dominance of the Call of Duty franchise should not come as a surprise. Activision reported that the franchise as a whole brought in over $4 billion through the fourth quarter of 2017. What’s more, the game has reportedly sold over 175 million units since its inception in 2003.
As the CEO of one of the most successful video game companies in recent history, Robert Kotick has become a potent force within the industry. According to December 2017, he has an estimated net worth of $2.6 billion. In 2014, Kotick made headlines when he purchased a $25 million beach home in Malibu, CA. However, he later sold the property in 2016 for $36 million.
Robert Kotick’s success can be attributed to his unique business philosophy, which focuses on the long term. He has stated that he plans to make Activision Blizzard “the most successful entertainment company of all time”.
Learn more about Robert Kotick: https://www.crunchbase.com/person/robert-kotick