Sunday, January 22, 2023

Walt Disney

 Walt Disney was an American film screenwriter, producer, director voice actor, animator and entrepreneur. He was also an entertainer, entrepreneur as well as an international icon and an active philanthropist. After inflation adjustment Disney's wealth was approximately $1 billion at the time of his death in the year 1966. At the time of his demise, Disney's various assets were worth $100-150 million in dollars in 1966, which is the same as $750 million to $1.1 billion in the present. After inflation adjustments the stake he held in Disney Production Company was worth $600 million. His stake in Walt Disney Inc. was also the biggest. It was established in 1953 to oversee Disney's design and intellectual property. Upon his death the deceased left the majority of his estate to his wife and children through a trust for family members, and 10% to his nieces, sisters and nephews. This article will discuss more details about Walt's fortune. Outside of family the remaining 45% of Walt's estate was donated to a charity. CalArts is a private school of art, was the recipient of the bulk of the funds from that charity.

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