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Born on: 1st Mar 53 Born in: United States Marital status: Married Occupation: Chairman of Dish Network
Charles Ergen net worth is estimated at $16.7 billion. Born as Charles William Ergen, co-founder of CEO of Dish Network and EchoStar Communications is an American businessman. Ergen started his EchoStar business with an initial capital of $60,000 and by 1990 Ergen accumulated a $335 million in junk bonds in order to purchase an orbital slots for satellites. Three years after the company was incorporated with its net income doubled to $20.4 million to which in return augmented Charles Ergen net worth. In 2011, Ergen's companies acquired several properties including Hughes Communications Inc. for an estimated $1.32 billion, DBSD North America in a $1 billion and video rental chain Blockbuster LLC in a deal valued at an estimated $228 million among others. Theses acquisition expanded Charles Ergen net worth. Dish is focusing on acquiring a significant share of the spectrum for cellular wireless services. It also aims to partner to build a wireless network, with Google and AT&T which means more cash flows to Charles Ergen net worth.
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