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Charles Ergen Birthday & Fun Facts

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Charles Ergen Birthday Highlights

Birth Name
Charles Ergen
Place Of Birth
Oak Ridge, Tennessee, USA
Age
70 years old
Birth Date
March 1 1953

Charles Ergen Facts

Child Star?
no
Occupation
Education & Qualifications
University of Tennessee, Wake Forest University
Net Worth
$800,000,000
Current Partner
Candy Ergen
Parents
Viola Ergen, William Kransy Ergen

About Charles Ergen

Charles William Ergen was born on March 1, 1953, an American billionaire businessman, who has amassed a great fortune.

Charles is the co-founder and chairman of EchoStar and Dish Network. The Dish Network CEO stepped down in favor of Joseph Clayton in May 2011.

Following Clayton's retirement in March 2015, Ergen resumed his role as CEO. He remained in that position until December 2017, when he promoted Erik Carlson to CEO and retained his role as chairman. Ergen stated that the move would free up more time for him to focus on building the company's wireless business.

Charles Ergen Net Worth, Earnings & Spending Habits

What is Charles Ergen’s net worth?

Charles Ergen's net worth as of 2022 is $10 billion.

How much does Charles Ergen earn per year?

Charles Ergen's annual earnings are $95 million.

Height, Age & Physical Attributes

How tall is Charles Ergen?

Charles Ergen is 5 ft 9 in (176 cm) tall.

How old is Charles Ergen?

As of 2022, Charles Ergen is 69 years old. He was born on March 1, 1953.

Childhood And Education

On March 1, 1953, Ergen was born in Oak Ridge, Tennessee, to Viola and William Krasny Ergen. He was the fourth of the five children his parents had together. One of his mother's accomplishments was being Minnesota's first female accountant.

During the ’30s, his father worked as a nuclear physicist in Sweden and left Europe just before World War II. As a result, China Syndrome is a term that his father coined.

After they were married in Minnetonka in 1944, his parents moved to Camden, New Jersey, where they eventually settled in Oak Ridge. While at Oak Ridge National Laboratory, his father accepted a position.

Phi Gamma Delta was his fraternity at the University of Tennessee at Knoxville, where Ergen received a Bachelor of Arts degree. At Wake Forest University, Ergen earned an MBA degree. In addition, Ergen enjoyed playing blackjack and poker professionally.

Family, Romance, And Relationships

Who is Charles Ergen’s partner?

Charles Ergen's wife is Cantey McAdam. Together, they have five children who constantly help Charles manage his business empire. They reside in The Village at Castle Pines, Colorado.

Career And Professional Highlights

Best Known For…

Ergen graduated with a Master of Business Administration in 1976 from Wake Forest before becoming a financial analyst at Frito-Lay. In 1978, he retired to work independently. In the following years, he became a career gambler. The businessman used to blackjack and play poker.

When putting in $60,000 to acquire a couple of C-Band antennas, Ergen, Canty McAdam, and Jim DeFranco founded EchoSphere Corporation in 1980.

He was instrumental in making satellite receivers available for under $200. An injunction was sought to halt the service but was denied. Dish filed a lawsuit asserting the legality of the judgment. According to Ergen, Dish's current focus is to acquire a significant share of the spectrum for cellular wireless services. In addition to building a wireless network, Dish is seeking a partner. Google and AT&T are speculated to be potential partners. Following an $8 million deal for 22 channel rights from DBSC, EchoStar acquired multiple companies under Ergen.

EchoStar's profile was raised in 1990 by Ergen's acquisition of orbital slots and generating $335 million. EchoStar received its geostationary orbital slot through the Federal Communications Commission two years after getting its DBS license. The company was incorporated in 1993. 1993 was the first year EchoStar's earnings increased to $20.4 million under Ergen's leadership.

In addition to offering two-way high-speed internet access and digital video recorders, Dish introduced the first set-top box with a digital video recorder under Ergen. In 2012, the Big Four Broadcasters, NBC, CBS, ABC, and Fox, sued Dish after it launched AutoHop, a technology that records and plays back broadcast programs without commercials.

Charity Work

Several grants have been made by the Ergens, including one to Wake Forest University, where Charles' daughters played field hockey. Another grantee is the University of Tennessee Foundation, through their charity. Additionally, they have supported Young Life, a ministry that works to 'introduce adolescents to Jesus Christ and help them grow in faith.'

They have also supported Global Down Syndrome Foundation, National Ovarian Cancer Coalition, Covenant House, and St. Jude Children's Research Hospital. Ergens also supports global organizations, and he has climbed Mount Everest himself. Among the grantees is the Many Hats Institute (MHI), an organization dedicated to improving the lives of children and youth worldwide.

What awards has Charles Ergen won?

Business Person of the Year honors was bestowed upon Ergen by Rocky Mountain News in 1996-2001.

A member of the Consumer Electronics Hall of Fame since 2012, Ergen co-founded the Satellite Broadcasting and Communications Association.

Charles Ergen’s Hobbies And Interests

Ergen has scaled Mount Kilimanjaro, Mount Aconcagua in Argentina, and Mount Everest as an avid mountain climber. In addition, he has scaled all of Colorado's 14,000 ft (4,267 m) peaks and is a member of the Colorado Mountain Club. His other interests include poker and pickup basketball, besides mountain climbing.

Other Interesting Charles Ergen Facts And Trivia

  • Philip Falcone's hedge fund, Harbinger Capital Partners, initiated legal action against Dish Network and Charles Ergen. This case was filed in New York City's federal court in 2013-2014.
  • A federal court dismissed the lawsuit in 2015, which claimed Dish Network illegally seized control of LightSquared Inc. when the bankruptcy proceedings were going on.
  • The lawsuit alleged racketeering and claimed the hedge fund had illegally taken control during Dish Network's bankruptcy. As a result of Ergen's purchase of large amounts of LightSquared's debt at deep discounts during its bankruptcy. A case was filed against him by the Iron Workers Mid-South Pension in a federal court in Colorado in September 2013. After purchasing LightSquared's assets, Ergen bid $2 billion for them. Thus, Dish was forced to pay $2.2 billion to take control of LightSquared's wireless spectrum rights. Ergen issued directions to Dish to place a bid on the spectrum.
  • In the lawsuit, Ergen was alleged to have breached his fiduciary duty to Dish shareholders.
  • After having a baby in 2001, an EchoStar employee filed a specific lawsuit in Denver's federal court, leveling allegations that the company was resorting to 'hostile conduct'. In August 2005, the settlement closed the lawsuit at an undisclosed sum.
  • His company was rated the least desirable place to work in America in 2013, and all four networks are currently suing him.
  • As THR examines the troubling potential outcome of the contentious fight between the entertainment industry and the ad-skipping Hopper, the entertainment industry's economics could be decimated.
  • EchoStar was spun off from Dish in 2008 and had ten satellites in orbit.
  • Sprint and T-Mobile are slated to merge in 2020, which requires Dish to build a 5G network by 2023 to cover at least 70% of the U.S.
  • Ergen's father was a nuclear physicist born in Austria.
  • The first satellite dishes Ergen sold were from the back of a truck in Colorado in 1980.

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Written By
Supriya Jain

<p>As a skilled member of the Kidadl team, Shruti brings extensive experience and expertise in professional content writing. With a Bachelor's degree in Commerce from Punjab University and an MBA in Business Administration from IMT Nagpur, Shruti has worked in diverse roles such as sales intern, content writer, executive trainee, and business development consultant. Her exceptional writing skills cover a wide range of areas, including SOP, SEO, B2B/B2C, and academic content.</p>

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