Disney Chairman Bob Iger Sold Roughly 50% of his Shares for Nearly $100 Million

Disney Chairman Bob Iger Sold Roughly 50% of his Shares for Nearly $100 Million. As the previous CEO, now Disney Chairman Bob Iger begins to settle into retirement plans for the end of the year, the accomplished businessman is looking to diversify his portfolio. To usher in the new era, Iger recently sold nearly 50% of his Disney stocks (550,570 shares at an average price of $179.21) for a staggering $98.7 million!

When asked about the recent share sale a representative from Disney shared in a statement, “The value of these shares reflects the significant shareholder value generated under his leadership.” During Iger’s 15-year run as Disney’s CEO, the company saw stock prices rise over seven times their value from 2005. Though he has cashed in a good chunk of his shares, they will not be sitting idle for long. Iger will be using his earnings to invest in other properties and businesses as he coasts into retirement at the end of 2021.

Be sure to check back here at Chip and Co. for updates and all things Disney!

Featured Photo Credit: Disney/ABC

Source: Bloomberg

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Who is your Travel Agent?(Required)

Name(Required)

First Last

Email(Required)

Phone(Required)

Destination(Required)

# of Adults(Required)

# of Children(Required)

Check-in-Date(Required)

Check-out-Date(Required)

Comments, Questions or Special Requests

This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!

Written by:

Kaitlyn 3,093 Posts

Kaitlyn is a writer, painter, and artist based just north of Baltimore, Maryland. She is a previous participant in the Disney College Program and has years of experience with Walt Disney World Parks and Resorts and with Universal Orlando Resort. Her and her big 'Ohana are frequent visitors to the parks and resorts and she is always up for another trip to visit her favorite castles! Kaitlyn is the News & Entertainment Writer for Chip and Company and is passionate about writing and storytelling.

View All Posts

Follow Me :