Walter Elias Disney, commonly known as Walt Disney, was a famous American film director and producer, cartoonist, businessman, voice actor, as well as a film editor. A cultural icon, Walt Disney rose to prominence when he co-founded a multinational mass media corporation called “The Walt Disney Company”. Founded in 1923, by Walt Disney and Roy O. Disney, the company grew up to encompass online media, radio, publishing and music, and became known for its family-oriented brands. One of “The Walt Disney Company’s” divisions, namely “The Walt Disney Studios”, is perhaps the best known film studio in the world and one of the major film studios in Hollywood nowadays. With over 166,000 employees, “The Walt Disney Studios” has 3 subsidiaries, such as “Lucasfilm”, “Pixar Animation Studio” and “The Muppets Studio”. In addition to that, the company purchased the rights to distribute films created by “Marvel Studio”, since they bought out the “Marvel Entertainment” company in 2009. Since then, “The Walt Disney Studios” has released such films as “Iron Man 3” with Robert Downey Jr and Gwyneth Paltrow, which became one of Marvel’s highest-grossing films, and “The Avengers”. Currently, “The Walt Disney Studios” is operated under Alan Horn, who is the chairman of the company, while “The Walt Disney Company” is run by Bob Iger, who serves as the Chairman and CEO.
Walt Disney Net Worth $5 Billion
It is estimated that the annual revenue from “The Walt Disney Company” amounts to as much as $45 billion. A well-known cartoonist and the founder of “The Walt Disney Company”, how rich is Walt Disney? According to sources, Walt’s net worth is estimated to be $5 billion, most of it coming from the revenue collected by his company.
Walt Disney was born in 1901, in Chicago, Illinois, and later his family moved out to Kansas City. While in Kansas, Disney studied at the Kansas City Art Institute. As a teenager, Disney moved back to Chicago, where he purchased shares in “O-Zell” company, in hopes of working there. Aside from that, Walt Disney attended McKinley High School, and then enrolled in Pesmen-Rubin Art Studio, where he met Ubbe Iwerks. Iwerks specialized in drawing cartoons, something Disney was interested in. Hence, the two decided upon starting their own company. “Iwerks-Disney” was founded in 1920, but it met with financial issues, as a result of which Disney had to work at “Kansas City Film Ad Company”.
As time passed, Disney’s interests changed from cartoons to animations, and he decided to become an animator instead. Two years later, he co-founded “Laugh-O-Gram” studio, which soon went bankrupt. It was with “Disney’s Brothers Studio”, currently known as “The Walt Disney Company” that he finally rose to prominence. Nowadays, Walt Disney is known for creating such remarkable cartoons as “Oswald the Lucky Rabbit”, “Mickey Mouse”, “Snow White and the Seven Dwarfs”, “Bambi” and “Alice in Wonderland” to name a few.
A well-known cartoonist, as well as a film director and producer, Walt Disney has an estimated net worth of $5 billion.
