George Lucas: 'I'm Investing in Disney Because That's My Retirement Fund' (Video)
The filmmaker's net worth reportedly was in excess of $3 billion before the Disney deal.
Why did George Lucas decide to sell off his life's work -- the Lucasfilm company and the rights it holds to every last Jawa, droid and Wookiee in the Star Wars universe -- for $4.05 billion to Disney? According to Lucas, it was to ensure himself a comfortable retirement.
The comment comes about four minutes into an announcement video made by Lucas and Disney chairman Robert Iger, in which the director stands before a blue velvet curtain, explaining the thinking behind the sale of his company and his retirement.
"I'm completely confident that Disney will take good care of the franchise I've built," Lucas says. "At the same time, for me, I look at it as I'm investing in Disney, because that's my retirement fund."
Needless to say, the 68-year-old Lucas has little to worry about when it comes to retiring comfortably. In September 2012, Forbes estimated the filmmaker's net worth to be $3.3 billion. The deal with Disney will increase that sum significantly, as Lucas is thought to own all or most of Lucasfilm.