Walt Disney was a renowned film producer from America who is known as the pioneer of the American animation industry. He was also an animator, voice actor, and entrepreneur. He holds the record of having 59 Academy Award nominations. Disney has created a number of cartoons in his career. He later created the amusement park, Disneyland. He died in December 1966. Now let’s have a close look at Walt Disney’s net worth.
Walter Elias Disney was born on December 5, 1901, in Chicago, Illinois. His parents were Flora and Elias Disney. He grew up in Marceline, Missouri and Kansas City, Missouri.
He went to McKinley High School. At the same time, he used to take night courses in Chicago Academy of Fine Arts. In School, he was a cartoonist for the school’s newspaper. He was rejected for joining the U.S. Army for being underage.
In 1925, Walt Disney married Lillian Bounds. They became the parents of daughter Diane. They also had an adopted daughter, Sharon. He was known as a shy person but has been accused of racism.
In 1966, Disney was diagnosed with lung cancer. He was a heavy smoker and used a pipe to smoke. He died on 15th December 1966, after the circulatory collapse. His funeral was held two days later, and his banner continued to make films.
In 1920, Walt Disney formed the company Iwerks-Disney Commercial Artists along with Ub Iwerks. It was a short-lived company, as Disney was more into animation. He then started a new business with Fred Harman. Then they successfully produced “Laugh-O-Grams”.
Disney formed the Laugh-O-Gram Studio in 1921. Following that, he produced ‘Alice’s Wonderland’. After moving to Hollywood, he formed the company The Walt Disney Company for producing movies. In 1928, he created “Mickey Mouse” along with Iwerks. This was followed by starting the series ‘Silly Symphony’.
He produced the movie ‘The Three Little Pigs’ in 1932. This was followed by ‘Snow White and the Seven Dwarfs’. In 1941, he created the Walt Disney Training Films Unit. He then produced Donald Duck cartoons with Henry Morgenthau, Jr.
The films produced by Walt Disney were ‘Bambi’, ‘True-Life Adventures’, ‘Cinderella’, ‘Treasure Island’, ‘The Story of Robin Hood and His Merrie Men’, ‘Peter Pan’, and many others.
From animation and movies, he decided to create Walt Disney’s Disneyland. He also came up with the idea of creating the theme park Walt Disney World. In 1959, Disney became the consultant of ‘American National Exhibition’.
Awards & Achievements
Walt Disney has won 22 Oscars from 59 nominations. He has won the Cecil B. DeMille Award from the Golden Globe Award in 1953. Other awards won by him are Primetime Emmys, Annie Awards, Directors Guild of America Awards, and Laurel Awards. He is honored with a Star in the Hollywood Walk of Fame. In 1986, he was inducted into the Television Hall of Fame. He was conferred with the Presidential Medal of Freedom in 1964.
Net Worth of Walt Disney
At the time of his death, Walt Disney had an estimated net worth of $5 billion. He made this wealth by producing several animated TV series and films. His films have grossed in millions. 10% of his wealth was received by his sister and other family members. His wife and daughters inherited 45% of his fortune. The remaining 45% was given to different charitable institutes. Disney banner continues to make films even today and on this date, his films have grossed in billions.
Walt Disney is one of the most legendary personalities in the world. He played an important role in giving animation a different scope. He has created many animated figures like Mickey Mouse and Donald Duck. These characters continue to appear even today. Today, there is Disneyland and several Disney channels across the world.