George Lucas to Donate Majority of Disney Billions to Education
George Lucas will not be keeping all of the $4.05 billion he will receive from Disney for Lucasfilm for himself.
"George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors," the spokesperson said. However, it is not clear why organization will get how much money. THR said that Lucas is currently the chairman of Edutopia, which is part of the George Lucas Educational Foundation, which gave a $175 million donation to USC in 2006
In a statement released on Wednesday, Lucas said, "For 41 years, the majority of my time and money has been put into the company. 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."
Sure, Lucas is not exactly poor. According to Wealth-X, Lucas has access to about $1.4 billion in cash. Since Lucas owns 100 percent of Lucasfilm, the $2 billion in cash from Disney and about $2 billion in Disney stock gave him a substantial boost on the list of the world's wealthiest people. There is a growing, but far from common trend among the super rich to donate most of their wealth.
In that view, today's world could certainly use more people like Bill Gates, Warren Buffett, or George Lucas.