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Charles Ergen Net Worth

Emmy Wallin

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Charles Ergen Net Worth

What is Charles Ergen’s net worth? 

Net Worth:$10 Billion
Age:68
Born:March 1, 1953
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction 

Charles Ergen is an American billionaire businessman.

Ergen is co-founder and chairman of Dish Network and EchoStar. He stepped down as CEO of Dish in May 2011 in favor of Joseph Clayton.

Ergen resumed as CEO upon Clayton’s March 2015 retirement and was CEO until December 2017. 

As of 2021, Charles Ergen’s net worth is estimated to be $10 billion.

 

Early Life 

Charles William Ergen was born on the 1st of March, 1953, in Oak Ridge, Tennessee.

Ergen was born into an Episcopalian family. His parents married in 1944 and then moved to New Jersey. Ergen received a Bachelor of Arts from the University of Tennessee at Knoxville, where he was a member of the Phi Gamma Delta fraternity.

His mother was one of the first female accountants in the state of Minnesota. His father was an Austrian immigrant who was working in Sweden as a nuclear physicist and left Europe before World War II.

 

Career 

In 1980, Ergen, his future wife Candy, and Jim DeFranco started a new business called EchoSphere Corporation, investing $60,000 to purchase two C-Band antennas, targeting rural Colorado. They drove around the Denver metro area on a small budget, selling satellite dishes from the back of their truck.

In 1990, he elevated EchoStar’s profile by raising $335 million in junk bonds and purchasing orbital slots for satellites. Two years later, EchoStar got a DBS license from the Federal Communications Commission, giving the company its geostationary orbital slot. 

Under Ergen, Dish was the first satellite tv provider to offer two-way high-speed internet access and the first to introduce a Digital video recorder in a set-top box. He was also instrumental in making satellite receivers available for under $200. 

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Dish filed a suit seeking a declaratory judgment asserting the legality of the judgment. The preliminary injunction by Fox to block the service was denied. Ergen has stated that Dish’s present focus is on acquiring a significant share of the spectrum for cellular wireless services. 

As of 2021, Charles Ergen’s net worth is estimated to be roughly $10 billion.

 

How Does Charles Ergen Spend His Money?

Charles Ergen spends some of his money on real estate and other purchases. 

 

Charles Ergen’s Home 

Ergen stays in The Village at Castle Pines, Colorado, with his wife, Cantey McAdam. 

 

Charles Ergen’s Other Purchases 

Ergen is an avid mountain climber, and to climb, you will need professional equipment. He is a member of the Colorado Mountain Club and has climbed all of Colorado’s 14,000-foot peaks. 

 

Highlights 

Here are some of the best highlights of Charles Ergen’s career: 

  • Co-founder and chairman of Dish Network and EchoStar
  • Rocky Mountain News’ Business Person of the Year Award (1996) – Won
  • Consumer Electronics Hall of Fame (2012)

 

Favorite Quotes From Charles Ergen 

“There are only two kinds of employees that I’ve run across in 30 years. There are ones that get results, and ones that make excuses. If you’re in that second camp, you’re not going to like Dish.” – Charles Ergen

“Some people are averse to change, but the advertising model is going to change with or without the Hopper. What we’re saying to the broadcasters is, ‘There’s a way for you not to put your head in the sand.” – Charles Ergen

“I don’t want to kill ads. I think advertising is great, and I’m very aware that there are multiple revenue streams in television, subscription, and advertising. But I also don’t want to put my head in the sand, and I think the world is changing.” – Charles Ergen

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“Blackjack is very scientific. There’s always a right answer and a wrong answer. Do you take a card, increase your bet, bet big or bet small. There’s absolutely a right and wrong answer.” – Charles Ergen

“I think we have some empathy for why the states have sued because nobody was against this merger — as constructed, from four to three — more than Dish was. Right? So, obviously, the remedy that the FCC and Justice Department worked out was to make sure that it doesn’t go from four to three but stays in four to four.” – Charles Ergen

 

3 Life Lessons From Charles Ergen

Now that you know all about Charles Ergen’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

 

1. Version Of Success 

Success is intentional; it doesn’t happen by accident. You have to develop the right intentions that would automatically lead to the right behavior to ensure what you want is backed up by the required action.

 

2. Say Goodbye To Your Comfort Zone

A comfort zone might seem like a beautiful and feel-good place but nothing ever grows there. And, history is replete with examples of wildly successful people are the ones who got out of their comfort zone and did something – scary, interesting, unpredictable, and out-of-the-box.

 

3. Learn From Failures 

Society has taught us failure is unacceptable and success has taught me that failure is inevitable. One must fail big to achieve big.

 

Summary 

Charles Ergen is one of the founders and chairman of EchoStar Communications Corporation.

EchoStar Communications Corporation is the parent company of the well-known Dish Network and has millions of subscribers. Ergen owns 48% of Dish and 46% of Echostar shares. 

As of 2021, Charles Ergen’s net worth is estimated to be $10 billion. 

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What do you think about Charles Ergen’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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