How Walt Disney Used Land Trusts to Purchase and Build Disney World
Walt Disney is one of the most well-known cases where a high net worth
individual used Land Trusts to obtain an upper hand in expanding their
empire. Unknown to most people, Disney Land (in Anaheim, California) was
actually the first Park that Walt Disney opened to the Public. Disney
Land opened on July 17, 1955 in California (not to far from Los Angeles),
whereas Disney World in Orlando, Florida was finally opened on October
1, 1971. After the success that Walt Disney received in California, the
expansion to the East Coast was the practical and most natural growth
plan. The most interesting aspect of Disney’s expansion to the East
Coast is that the Real Estate, that is now widely known as Disney World,
was acquired using Land Trusts.
Walt Disney knew that if he purchased the Orlando Real Estate in his individual
capacity that the sales prices would be dramatically inflated due to Walt
Disney’s net worth and success in Disney Land in California. In
the year 1965, Real Estate in the swampy Orlando, Florida area, which
was earmarked for Disney World, was selling for $180 an acre (very reasonable
price at that time). To bypass the risk of prospective Buyers increasing
the price solely due to Walt Disney’s fame and/or intended use of
the Real Estate, he decided to purchase all of the Real Estate in and
around Orlando, Florida using several private Land Trusts.
By doing so, Walt Disney was able to purchase said Real Estate at a reasonable
and fair price rather than an inflated price had the Seller knew of his
identity. In turn, the Land Trusts had the ability to do everything Walt
Disney could do in his individual capacity. Specifically to build, rent,
sell and/or transfer assets to future heirs all with the luxury of remaining
Today, there are many more options other than the Land Trust to purchase
real estate anonymously. Contact The Presser Law Firm, P.A. for a complimentary
consultation to learn more about Land Trusts, Asset Protection, Business
Law, and Estate Planning.
The Presser Law Firm, P.A.
6199 N. Federal Highway, Boca Raton FL 33487
(561) 953-1050 or e-mail Info@AssetProtectionAttorneys.com