George Lucas Biography

George Lucas Biography
1.George Lucas: Introduction
2. George Lucas: Early Life and Education
3. George Lucas: Success Story
4. George Lucas: Net Worth
5. George Lucas: Famous or Infamous
6. George Lucas: Most Influential Quotes
George Lucas: Introduction
By Colin Dodds

George Lucas is an American film director, producer and special-effects pioneer with a net worth of $5.4 billion.

Famous for creating the Star Wars and Indiana Jones film franchises, Lucas also founded Lucasfilm and Industrial Light and Magic. He sold the companies, as well as the rights to the Star Wars series to The Walt Disney Company (DIS) in 2012 for $4 billion.

A graduate of the USC Film School, Lucas wrote and directed the science fiction film THX 1138 in 1971. It wowed critics but flopped at the box office. His next film, American Graffiti, was both a critical and financial success, and went on to be nominated for the Best Picture Oscar.

Four years later, after a tumultuous and contentious production process, Lucas completed Star Wars, which changed the American movie business, as the highest-grossing film ever at the time. The film, which spawned its own universe of toys and other merchandise, made Lucas a fortune, as he owned all the merchandising rights. He followed up on the movie’s enormous success with The Empire Strikes Back in 1980 and Return of the Jedi in 1983. (See also: Why Is The Star Wars Franchise So Valuable?)

With the Star Wars franchise entrenched in the culture and churning out money at the box office and in toy stores, Lucas paired with Steven Spielberg, to co-create the Indiana Jones films Raiders of the Lost Ark, Temple of Doom and The Last Crusade throughout the ‘80s.

In the ‘90s, Star Wars again added to Lucas’ fortune. In 1997, he re-released the original Star Wars trilogy with updated special effects and a few very unpopular alterations, first in theaters and later on DVD. Meanwhile, Lucas was hard at work writing and directing the Star Wars prequel, which consisted of three films released between 1999 and 2005. Despite a lukewarm reception from critics and outrage from many die-hard fans, the films nonetheless broke a number of box-office records.

In 2012, he sold Lucasfilm and the rights to the Star Wars franchise to Disney for a cash payment of $2.21 billion and just under 37.1 million Disney shares, putting the purchase price at $4.06 billion.
Read more: George Lucas Biography (DIS) http://www.investopedia.com/university/george-lucas-biography/#ixzz3rx7eY2Rk
Follow us: Investopedia on Facebook