Sunday, May 24, 2015

Paper Profits

Rising stock prices lift many fortunes.

George Lucas had made an extra $2.2 billion from the rocketing value of Disney stock he received in 2012 when he sold Lucasfilm to the Walt Disney Company.

And Isaac Perlmutter, the largest stockholder of Marvel Entertainment when Disney took control, has seen his original $694 million worth of Disney shares grow to a tidy $2.4 billion. (Mr. Lucas's $1.9 billion in stock has doubled in value.)

Lastly. Steve Jobs' widow, who inherited $7.4 billion in Disney stock from her husband, now owns Disney stock worth $14.3 billion.

My reaction to this is "Wow."

Sometimes stocks-in-exchange-for-companies deals pay off like Fort Knox.


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