George Lucas Net Worth
George Lucas Net Worth: George Lucas is a director, writer, producer and businessman who has a net worth of $6.5 billion. Born and raised in Modesto, California, George Lucas initially had his eye on a career in racing cars, but after a potentially fatal accident in high school Lucas' interests shifted considerably. During his time at Modesto Junior College, Lucas became enthusiastic about photography and film making. He eventually transferred to University of Southern California where he befriended fellow filmmaker Steven Spielberg and won accolades during his post-graduate studies, including a Warner Brothers student scholarship. His 1967 student film, Electronic Labyrinth: THX 1138 4EB, was eventually made into his 1971 premier full-length feature film, THX 1138. Though it was poorly received, the project led to a more successful venture in American Graffiti, which garnered five Academy Award nominations and grossed $115 million in domestic revenue alone, $140 million worldwide. Since the movie was made with a budget of $777,000, American Graffiti is considered one of the most profitable films in history.
His biggest box-office hit and what came to seal Lucas as a Hollywood film legend is the epic Star Wars franchise, which has earned well over $9 billion in worldwide revenue from all six films. Though he only directed six films in total, Lucas acted as producer, executive producer and writer on several films including: Body Heat (1981), Labyrinth (1986), The Land Before Time (1988), and The Indiana Jones film franchise. Additionally, Lucas founded THX, Skywalker Sound, Industrial Light and Magic and LucasArts as subdivisions of his parent company, Lucasfilm Ltd. In 2005, Lucas received The Lifetime Achievement Award from The American Film Institute.
Why is George Lucas so insanely rich? It all boils down to an extremely wise business decision he made back when negotiating his pay for the first Star Wars in 1973. Coming off the incredible success of American Graffiti, Lucas was entitled to a salary of $500,000 for his next movie. That was a significant raise over the $150,000 he earned from Graffiti. Instead of accepting the nearly 300% pay raise, George approached the Fox executives with a proposition. George generously offered to keep his salary at $150,000 in exchange for two seemingly insignificant requests: #1) That he retain all merchandising rights, and #2) that he would retain the rights to any sequels. Fox executives were thrilled with the offer, thinking George's space movie wouldn't be much more than a blip on the entertainment radar. Obviously this turned out to be a VERY bad deal for Fox, and arguably the greatest film contract in history for George. By 2012, Star Wars had earned $20 billion in merchandise sales and $4 billion in home entertainment sales.
On October 30th 2012, George Lucas announced that he signed a deal to sell his entire Lucasfilm company to Disney for a staggering $4.1 billion in cash and stock. Lucas owned 100% of the company which means the entire $4 billion went into his pockets. His net worth more than doubled from $3.3 billion to $7.3 billion, overnight!
Philanthropy: George's net worth today is somewhat lower thanks to his prodigious philanthropic efforts. He eventually plans to donate the majority of his net worth to charities focused primarily on education. Today his foundation controls more than $1 billion. He has donated millions to causes that support cancer research and the Make-A-Wish foundation. He has donated more than $175 million to his alma mater, USC. Even after giving billions to charity, George Lucas is easily the wealthiest celebrity on the planet.
George Lucas Real Estate Assets: George's largest real estate asset is the nearly-5,000 acre Skywalker Ranch in Marin County, California. He purchased the ranch in 1978 and has spent over $100 million turning the property into a private home, movie studio, retreat and screening theater for 300 people. The property also features a 50,000 square-foot private home, several pools, tennis courts and more. In 2017 he purchased a 9,000 square foot home in the Bel Air neighborhood of Los Angeles for $33.9 million.
In 2010 he spent $19.5 million for a beachfront home in Carpinteria, California (just south of Santa Barbara). He tore down the existing home and built a much larger Cape Cod-style house on the property. In December 2019, George spent $28 million to buy the house next door. The house next door had previously been owned by a woman named Frances Morehart who died in 2018 at the age of 93. His new combined beachfront footprint in Carpinteria is over 3-acres.
|Net Worth:||$6.5 Billion|
|Date of Birth:||May 14, 1944 (75 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 States of America|
George Lucas Earnings
- Star Wars: Episode I - The Phantom Menace$400,000,000
- Body Heat$250,0005% of profits
- Raiders of the Lost Ark$2,500,000net profits
- Star Wars$200,00040% of the net profits
- American Graffiti$50,00015% of gross
- THX 1138$15,000
- The Rain People$3,000
- Finian's Rainbow$3,000