George Lucas Registers $2B Worth of Disney Shares for Sale
Disney Transfers $2B in Stock to George Lucas to Complete Lucasfilm Sale
George Lucas could earn $2 billion from Disney well before the entertainment giant earns a dime from its new "Star Wars" movies. On Wednesday, Lucas' trust registered his shares in Disney with the Securities and Exchange Commission for potential sale.
When the "Star Wars" creator agreed to sell Lucasfilm to Disney last year, he received 37,076,679 shares in the company – or about two percent.
That made Lucas the second-largest single shareholder after the estate of Steve Jobs.
Selling those shares would net him about $2 billion based on Disney's current share price. Registering the shares doesn't obligate Lucas to sell them right away, but it enables him to do so when he chooses.
Lucas has previously said he would donate much of his new wealth to education. Since the sale, Disney has hired J.J. Abrams to direct a new "Star Wars" movie and is looking to launch spin-offs around certain characters.