George Lucas to Donate Disney Billions to Charity
A couple of days ago, I reported along with the rest of the blogging world that G.L. will be selling his company Lucasfilm to Disney for just over $4 billion. Before this extremely lucrative deal is completed, Lucas has an estimated net worth of $7.3 billion. At 64 years old, it’s hard to spend that kind of money, even if you’re name is Mike (Jordan and Vick).
So what is a man to do with an additional $4 billion?
Lucas plans to donate it to charity; or at least some of it. Lucas owns 100% of Lucasfilm so the $4 billion dollars will be all his, tipping his net worth over the $11 billion mark. Following up on a pledge that he made back in 2010, he will be donating the profits to charity. Lucas stated to the press on Wednesday,
“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.”
Lucas is founder and chairman of his own foundation called The George Lucas Educational Foundation, a charity that focuses on improving education. Lucas believes that educating is the key to human survival and progress. Back in 2006, he used this Foundation to donate $175 million to his alma mater USC. He also supports Stand Up to Cancer and Make-A-Wish foundation.
TVST has reached out to Lucas to see if he wants to donate some funds to the HABO (Help A Brother Out) foundation. We have started and continue to educate others by the School of Hard Knocks. As of press time we have not heard back from Lucas or his people.