|Net Worth:||$10 Billion|
|Date of Birth:||May 14, 1944 (78 years old)|
|Height:||5 ft 6 in (1.7 m)|
|Profession:||Film Producer, Film director, Screenwriter, Cinematographer, Film Editor, Entrepreneur, Actor, Television producer|
|Nationality:||United State Of America|
What is George Lucas’s net worth? How does George Lucas make his money? Below is the current net worth of George Lucas and how George Lucas makes his money.
What is George Lucas’s Net Worth?
George Lucas is a director, writer, producer, and businessman who has a net worth of $10 billion. He is most known for creating the Star Wars and Indiana Jones movie series, which together have grossed more than $12 billion at international box offices.
He also established two special effects-focused companies, Industrial Light, Magic and Lucasfilm.
George Lucas was born and raised in Modesto, California, on May 14, 1944. After a potentially fatal accident in high school in which he was broadsided by another driver, George Lucas’ ambitions radically changed from what he had originally intended to pursue as a career in racing cars.
The father of George Lucas, who had a stationery store, wanted him to work for him after he graduated from high school. George, on the other hand, declared that he would attend art school after leaving home and that his goal was to become a millionaire by the time he was 30.
While attending Modesto Junior College, Lucas discovered a passion for photography and videography. He started by filming auto racing and other activities with an 8 mm camera.
Later, he transferred to an institution and enrolled at the University of Southern California, where he made friends with fellow director Steven Spielberg and garnered awards for his graduate work, including a Warner Brothers student scholarship.
He finally turned his 1967 student film Electronic Labyrinth: THX 1138 4EB into his 1971 debut full-length feature picture, THX 1138.
Despite receiving negative reviews, the production served as a springboard for the more lucrative American Graffiti, which had five Academy Award nominations, brought in $140 million globally, and $115 million in domestic box office earnings alone.
His subsequent movie would go on to become a much bigger success and cement Lucas’ status as a Hollywood cinema legend. When Star Wars was released in 1977, it cost $11 million to make and was a huge success all over the world.
In order to rerelease the film decades later, Lucas would shell out $15 million for restoration efforts. The early 1980s saw the publication of two more Star Wars sequels, both of which were incredibly popular and helped to further the franchise’s canon.
Lucas led the creation of a second Star Wars trilogy in the late 1990s and early 2000s that was focused on occasions that happened before the initial films. The most current sequel trilogy—along with spin-off movies and television series—was made after Lucas sold the rights to Disney.
There have been well over $12 billion in sales globally from the venerable Star Wars brand, which still enthralls viewers today.
Awards And Nomination
American Film Institute presented Lucas with the Lifetime Achievement Award in 2005. Four Academy Awards have been nominated for him, including Best Writing and Best Directing for the films American Graffiti and Star Wars.
The Irving G which is Thalberg Award was bestowed upon him by the Academy in 1991. He was the lone producer of movies, television shows, and other forms of media admitted into the Science Fiction Hall of Fame in 2006, following Steven Spielberg.
President Barack Obama presented George Lucas with the National Medal of Arts in 2013 in appreciation of his contributions to American cinema. Lucas was honored at the Kennedy Center Honors later that same year. In August 2015, Lucas received recognition as a Disney Legend.
The Reason George Lucas Is Extremely Rich
It all comes down to a very savvy business choice he made in 1973 when he was negotiating his pay for the first Star Wars. Lucas was entitled to a $500,000 payment for his upcoming film as a result of the phenomenal success of American Graffiti.
Over the $150,000 he made from Graffiti, that was a big increase. George went to the Fox executives with a proposal rather than taking the roughly 300% compensation increase. George graciously promised to maintain his $150,000-year salary in exchange for the following two relatively inconsequential requests:
- That he retains all merchandising rights, and
- That he would retain the rights to any sequels.
With the belief that George’s space movie would be little more than a blip on the entertainment radar, Fox executives were overjoyed with the offer. Undoubtedly, Fox lost a lot of money on this transaction, while George may have received the best movie bargain ever.
In 2012, home entertainment sales from Star Wars generated $4 billion and $20 billion in revenue, respectively. On October 30, 2012, George Lucas made the astounding announcement that he has signed a contract to sell his entire Lucasfilm company to Disney for an astounding $4.1 billion in cash and equity.
The $4 billion was all paid to Lucas because he owned the entire business at 100%. Overnight, his net worth more than doubled, going from $3.3 billion to $7.3 billion.
Because of George’s extraordinary philanthropic endeavors, his net worth is currently somewhat lower. He eventually wants to donate the vast majority of his fortune to organizations that are primarily concerned with education.
His charity now has $1 billion or more under control. Millions of dollars have been donated by him to organizations that support Make-A-Wish and cancer research. To his alma mater, USC, he has given more than $175 million.
George Lucas is undoubtedly the richest celebrity in the world, even after donating billions to charity.
From 1969 to 1983, Lucas was wed to film editor Marcia Lou Griffin (who received an Academy Award for her editing work on the original Star Wars). In 1981, Amanda Lucas, a daughter, was adopted by them.
As a single father, Lucas adopted Katie (born in 1988) and Jett Lucas, two additional children (b. 1993). The three prequels to the Star Wars saga featured all three of his children. In the 1980s, singer Linda Ronstadt and Lucas also dated.
After courting for seven years, Lucas wed Mellody Hobson, the chair of DreamWorks Animation, in 2013. At Lucas’ Skywaker Ranch, they were wed. In 2013, they had a surrogate-born daughter.
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