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.
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