Disney family net worth: Meet the family behind the media empire - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A family feud over a $400 million trust fund, a massive fortune that left one heiress with an inferiority complex, and a sprawling media empire. Meet the Disney family.

Michelle Lund, Walt Disney's granddaughter.The inheritance was supposed to be distributed in annual payments and lump sums at five-year intervals at ages 35, 40, and 45,Michelle and the trustees argued that Brad wasn't capable of managing his share because of a "chronic cognitive disability" and that Bill, their father, was taking advantage of this to gain money,Bill argued that the trustees were manipulating his daughter Michelle.

While Michelle reportedly suffered from drug addiction and had a brain aneurysm that "left her with uncertain mental abilities," the trustees agreed with her about her brother, Gardner wrote. And the court ended up ruling in favor of the trustees, continuing to withhold Brad's payments while paying out Michelle's.

On the other side of the family, Roy O. and wife, Edna Francis, gave birth to Roy E. Disney in 1930, who later became a senior executive for The Walt Disney Company.Roy E. had four children of his own: Susan, Roy P., Tim, and Abigail. About the time Michael Eisner became CEO of Disney, in the 1980s, and revived the company, Disney stocks increased and the family's net worth skyrocketed to 50 times what it was when Roy E.'s children were growing up, Abigail toldIn 2003, Roy E. announced plans to sell 7.5 million Disney shares — about 43% of his stake in the company, reportedRoy E.'s daughter Abigail started feeling uneasy about her family's wealth by the time she reached her 20s.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

good luck

I wish those receiving millions from foundations would publicly announce where the money goes!

ParisHilton

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Heiress Abigail Disney slams company for furloughing workers - Business Insider'WHAT THE ACTUAL F***?': Heiress Abigail Disney slams company for furloughing workers but protecting shareholder payouts and executive bonuses THATS NOT WHAG MICKEY WOULD WANT YOU BASTARDS It's not your father's Disney. Teamsters She and her family is part of the new world order
Source: BusinessInsider - 🏆 729. / 51 Read more »