Louis Burt Mayer (/??me??.??r/; July 12, 1884 - October 29, 1957) was an American film producer and co-founder of Metro-Goldwyn-Mayer studios (MGM) in 1924. Under Mayer's management, MGM became the film industry's most prestigious movie studio, accumulating the largest concentration of leading writers, directors and stars in Hollywood.
Mayer was born in the Russian Empire and grew up poor in Saint John, New Brunswick, Canada. He quit school at 12 to support his family and later moved to Boston and purchased a small vaudeville theater in Haverhill, Massachusetts called the 'Garlic Box' as it catered to poorer Italian immigrants.
During his long reign at MGM, Mayer acquired many enemies as well as admirers. Some stars did not appreciate his attempts to control their private lives, while others saw him as a solicitous father figure. He believed in wholesome entertainment and went to great lengths to discover new actors and develop them into major stars.
Mayer was forced to resign as MGM's vice president in 1951, when the studio's parent company, Loew's, Inc., wanted to improve declining profits. Mayer was a staunch conservative, at one time the chairman of California's Republican party. In 1927 he was one of the founders of AMPAS, famous for its annual Academy Awards.
Louis B Mayer Net Worth: $100 Million
Per Year: $20 Million
Per Month: $2 Million
Per Week: $500,000
| Per Day: | Per Hour: | Per Minute: | Per Second: |
| $70,000 | $3,000 | $50 | $1.00 |
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