George Lucas Net Worth - Star Wars And Indiana Jones Director Wealth
As of January 2023, George Lucas net worth is about $10 billion. George Lucas made it possible for the Star Wars and Indiana Jones movie series to happen.
James K.Jan 06, 202326 Shares519 Views
Have you ever wondered George Lucas net worthis? George Lucas has changed the world in so many ways that it's hard, if not impossible, to say enough about it.
The director, businessman, and philanthropist is best known for making Star Wars, which is one of the most profitable media franchises in history and might be the most well-known IP of the 21st century.
Lucas the artist changed pop culture and the entertainment business for good, and Lucas the businessman has made some of the smartest power moves in history, and he's always won. Without a doubt, the Force is strong with him.
George Lucas is known for being very picky about how his movies turn out, which is why his work is always perfect. George Lucas has become known over the years as the best filmmaker because he pays attention to every detail and won't settle for anything less.
George Lucas was born in Modesto, California, on May 14, 1944. Lucas was really into car racing when he was young.
Because of this love of cars and racing, movies like American Graffiti and 1:42.08 were made. George Lucas spent most of his time near garages and racing at underground circuits until he was in high school.
When he was 18, something went wrong with his racing car that could have killed him. Another driver flipped his car, which caused a lot of damage. Lucas didn't get hurt, but he started to lose interest in racing cars.
When Lucas went to college, he started to become more interested in movies. At that time, there were too many Canyon movies, so George spent most of his time watching and understanding old European movies from the same time period.
George went to college to learn how to make movies for a living. He worked with a group of people who all loved art very much. Here is where he met Steven Spielberg, who went on to work on the Indiana Jones movies with him.
During this time, he learned about other important things that affect how a movie turns out as a whole, such as lights, placement, and the lively energy that can be seen in movies. George Lucas put what he learned to good use and went on to become the well-known, successful filmmaker he is now.
Before 1967, George Lucas spent his time trying to learn about how movies are made. After this, he went on to direct a short film called Electronic Labyrinth: THX 1138 4EB, which won the top prize at the National Student Film Festival. This movie became his first full-length movie, which he called THX 1138.
Finian's Rainbow, the next movie he made, was paid for by a scholarship from Warner Bros., which got him into Hollywood. George started his own movie company in 1973. It was called "Lucasfilms," and George went on to direct American Graffiti, which was a big hit at the box office.
The famous Star Wars movie was the next thing George Lucas did in this decade. It was perfect for action fans because it was an original story about a space adventure with lots of drama and action.
As expected, his movie broke a record at the box office that wouldn't be broken again until E.T. The Extra-Terrestrial by Steven Spielberg came out 5 years later. Later, George Lucas stopped making movies and started promoting his brand. He then made things like toys and games to make up for what he had lost during this time.
During this time, he wasn't actively directing movies, but he was still writing and making movies. During this time, the movie Star Wars was made, along with a lot of spin-offs for TV audiences.
Lucas wants to focus on small-budget feature films right now instead of big-budget blockbuster films. He also plans to take the back set and "slowly pull himself away from this business of making movies."
George Lucas is a businessman, writer, director, and producer who is worth $10 billion. He is best known for making the Star Wars and Indiana Jones movie series, which have sold over $12 billion worth of tickets around the world.
He also started the production company Lucasfilm and the company Industrial Light and Magic, which makes special effects.
With a net worth of $10 billion, George Lucas is by far the richest celebrity in the world, the richest director, and the richest person in the entertainment business in general.
In 2012, George sold the rights to the Star Wars series to Disney for $4 billion in cash and stock. Lucas got $2.21 billion in cash and 37 million shares of stock, which were worth about $50 each at the time.
So when the deal was done, he got Disney shares worth $1.85 billion. With the number of shares he owns and the $0.88 dividend that Disney pays every six months, Lucas gets about $64 million in dividends every year.
By March 2021, when the price of a Disney share was close to $200, those 37 million shares were worth $7.4 billion.
The nearly 6,000-acre Skywalker Ranch in Marin County, California, is George's most valuable piece of real estate. He bought the ranch in 1978 and has spent more than $100 million turning it into his home, a movie studio, a retreat, and a theater that can hold 300 people to watch movies.
The property also has a private home that is 50,000 square feet, several pools, tennis courts, and other things. Lucas has given the Marin County Agricultural Land Trust a long-term conservation easement on about 5,000 acres of the land.
In 2017, he spent $33.9 million on a 9,000-square-foot house in the Bel Air neighborhood of Los Angeles. In 2010, he bought a beachfront home in Carpinteria, California, for $19.5 million (just south of Santa Barbara). He tore down the old house and built a much bigger one in the Cape Cod style in its place.
In December 2019, George bought the house next door for $28 million. A woman named Frances Morehart used to live in the house next door. She died in 2018 at the age of 93. His new footprint on the beach in Carpinteria is now more than 3 acres.
George's net worth is a little less than it used to be because of all the good things he did for others. He plans to give most of his wealth to charities that focus on education in the long run. His foundation now has more than $1 billion in assets.
He has given a lot of money to cancer research and the Make-A-Wish foundation. He has given more than $175 million to USC, where he went to school. Even though George Lucas has given billions of dollars to charity, he is still by far the richest celebrity in the world.
All of it comes down to a very smart business decision he made back in 1973 when he was negotiating his pay for the first Star Wars. After the huge success of American Graffiti, Lucas was due a $500,000 salary for his next film. Compared to the $150,000 he made from Graffiti, that was a big raise.
George went to the Fox executives with an idea instead of taking the nearly 300% pay raise. George was kind enough to offer to keep his salary at $150,000 in exchange for two small things.
First, he wanted to keep all the rights to merchandise. Second, he wanted to keep the rights to any sequels. Fox executives were excited about the offer because they thought George's space movie wouldn't be much of a big deal.
This turned out to be a very bad deal for Fox, but it might have been George's best film contract ever. By 2012, Star Wars had made $20 billion from the sale of merchandise and $4 billion from the sale of home entertainment.
On October 30, 2012, George Lucas said that he had signed a deal to sell his entire Lucasfilm company to Disney for a staggering $4.1 billion in cash and stock.
Lucas owned the whole company, so the $4 billion went straight into his pocket. Overnight, his net worth went from $3.3 billion to $7.3 billion, which is more than double!
A spokesperson for Lucasfilm told the Reporter that Lucas, who owns all of the company, plans to give most of the $4 billion he gets from selling it to the Walt Disney Company to a private charity that will work on education issues in the United States.
Before filming his blockbuster sci-fi landmark, Lucas was already worth a lot of money, mostly because of how well American Graffiti did at the box office around the world. His net worth was about $4 million, or about $20 million when adjusted for inflation.
Lucas sold the rights to the Star Wars franchise to Disney for $4 billion in cash and stock. Since then, those 37 million shares have grown in value to $7.4 billion, which is how much the latest sequel trilogy and spin-off movies and TV shows are worth.