Can Rich People Buy Disney World, and Can You?
Can Rich People Buy Disney World, and Can You?
The allure of owning a piece of one of the world's most iconic attractions, Walt Disney World, may seem like a dream reserved for the ultra-rich. However, with the availability of stock shares in the The Walt Disney Company, individuals of all financial backgrounds can now partake in the magic of Disney.
The Magic of Share Ownership
By purchasing stock shares in The Walt Disney Company, one can acquire a fractional interest in not just Walt Disney World, but also in every other asset owned by the company and the profits generated from them. These shares are available for purchase on any trading day the New York Stock Exchange is open.
As the size of the investment increases, so does the level of influence one can exert over the company. At a certain percentage of ownership, share owners can even dictate to the Board of Directors on major decisions and even choose the CEO.
A Historical Perspective: Steve Jobs and Disney
A notable example is the acquisition of the Pixar company, which involved a stock swap. Post-acquisition, Steve Jobs became the largest individual shareholder of Disney, holding approximately 7% ownership. Although the current price per share, at the time of writing, is around $110, the total cost to purchase all shares would amount to approximately $165 billion.
Given the astronomical cost, it's evident that owning all of The Walt Disney Company's shares would be a feat beyond the reach of most individuals. However, a statement from the company explicitly states that they are not in the business of selling the cornerstone assets, such as Walt Disney World, to any individual or organization at this time.
While the whole of Walt Disney World might be too expensive for the average investor, there are other ways to experience a piece of the magic. The Golden Oak at Walt Disney World Resort offers homes for sale on Disney property. These homes, though, are not intended for permanent residency. According to rumors, most of these homes remain unoccupied for the majority of the year.
Exploring Other Possibilities
Despite the prohibitive cost of outright ownership, there are still options for individuals looking to experience the magic of Disney in a more affordable manner. For instance, theme park enthusiasts can rent out parts of the theme parks for after-hours parties. This practice is quite common during the holiday season when the parks tend to close early, allowing corporate events to extend past normal operating hours. Conventions and other special events also capitalize on these opportunities, offering an exclusive experience to participants.
In conclusion, while the full ownership of Walt Disney World remains largely out of reach for the majority of the population, owning a piece of The Walt Disney Company or participating in some of the more affordable experiences at the resort can bring a taste of the magic to a much wider audience.
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