George Lucas gets $2 billion in Disney shares from Lucasfilm sale

By Daniel S Levine,

George Lucas now owns the second-single biggest slice of The Walt Disney Company. Disney transferred $2 billion in shares to the Star Wars creator, following the company’s October purchase of Lucasfilm.

The Wrap is reporting that Lucas now has 37,076,679 shares in Disney, which is about $2 billion. He is the second-largest single shareholder in Disney, only behind Steve Jobs’ estate.

According to The Huffington Post, when the $4.05 billion Lucasfilm sale was announced in October, the companies stated that half of that would come in the form of stock shares.

Lucas, who has already made billions off of Star Wars and his other Lucasfilm properties, has told the press that he wants to use the money from Disney to fund his favorite causes, particularly education. “As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy,” he stated last year.

Right now, Star Wars fans’ attentions are more focused on where Lucasfilm president Kathleen Kennedy and director J.J. Abrams will take the franchise next. Disney has confirmed that there will be spin-off films.

It has been rumored that Han Solo and Boba Fett will be the subjects of the first standalone films, but a source for Deadline stressed that “people are just kicking around ideas.”

One thing is certain, more films are on the way. How many and what they will be about remain in the development stages.

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