Charles Ergen net worth
Charles Ergen Net Worth: Charles Ergen is one of the founders and chairman of EchoStar Communications Corporation and has a net worth of $10 billion. EchoStar Communications Corporation is the parent company of the well-known Dish Network with millions of users. Originally from Oak Ridge, Tennessee, he was the son of a nuclear physicist, so it goes without saying that the brain runs in the family. In fact, he thought he was so smart that he tried counting cards and was even kicked out of a Las Vegas casino. I don’t think he was as successful at counting cards as he was at starting a company. Dish Network was launched in the 1980s. Their initial target was homes in rural areas, where cables were less accessible. Remember seeing giant dishes in front of homes in random rural areas like Colorado? That is the vegetable network. The plate got smaller, but his net worth got bigger. I think they call it the inverse pan size of the equity rule.
Net Worth Details: Today, Charles Ergen owns a little more than half of the TV broadcasters Dish Network and EchoStar. EchoStar, a satellite equipment maker, has earned more than $1.2 billion from Ergen’s stock sales and dividends since its 1995 IPO. He serves as chairman of Dish Network, the third largest satellite broadcaster in the United States, with more than 13 million subscribers.
