22,000 years is the kind of duration one would expect to see in the opening crawl of the space opera franchise Star Wars. George Lucas launched the franchise with the 1977 original film, which was a major commercial success. Over the years. the franchise’s popularity has soared, leading to Lucas’ net worth skyrocketing.
Lucas frequently ranks among the list of richest celebrities. However, the extent of Lucas’ riches is such that the filmmaker will almost never become poor even if he spends his money extravagantly. It would take the acclaimed director roughly 22,000 years to exhaust his wealth if he spent about $1000 a day. Here is everything you need to know about George Lucas’ wealth.
George Lucas’ Net Worth Means It Is Almost Impossible For Him to Become Poor
Filmmaker George Lucas is known for being the mastermind behind hit film franchises such as Star Wars and Indiana Jones. As a result, Lucas often ranks among some of the richest filmmakers of all time. According to reports, Lucas has amassed a net worth of roughly $8 billion.
Lucas’ work in the film industry, especially the Star Wars franchise is the reason for his high net worth. The filmmaker sold his company, Lucasfilm to Disney for roughly $4.1 billion in 2012. Moreover, he is also a shareholder in Disney, contributing significantly to his revenue.
Considering Lucas’ total net worth, the filmmaker might almost never expended his money. Assuming Lucas spends roughly $1000 a day, it would take him close to 8,000,000 days to run out of money. Since there are 365.25 days in a year, it will take Lucas an extraordinarily long duration of 21,918 years to exhaust his cash flow. Therefore, it is extremely unlikely Lucas will ever become poor.
George Lucas Made an Incredible Deal On the First Star Wars Movie
George Lucas directed 1977’s Star Wars, a film almost no one wanted to make, but exceeded all expectations and emerged as a box office hit. However, Lucas made a clever deal on the movie, which saw him make significantly less money upfront.
According to reports, Lucas had agreed to make the movie on an initial memo deal. The deal ensured that the filmmaker would receive $15,000 for developing the film. He was paid an additional $50,000 for penning the screenplay while his directorial fees amounted to $100,000. As a result, the filmmaker was set to make only $165,000 upfront on the first Star Wars.
However, the deal memo also had provisions for Lucas to take home 40% of the net profits from the film. Considering the film was a major hit, grossing close to $307 million worldwide during its initial run, it is safe to say that Lucas’ decision proved to be a clever move. He also kept hold of the IP, sequel rights, and toy rights, which only bolstered his income further, culminating in the $8 billion empire he owns today.
The Star Wars movies are streaming on Disney+.
