George Lucas has bought 10 million dollars worth of shares in the famous coffee chain Starbucks.
Lucas, who is married to Mellody Hobson, one of the directors of the coffee chain, purchased 141,573 shares for 70.60 US dollars in August, News.com.au reported.
The Star Wars creator's investment would mean that his wife, who has sat on the Starbucks board since 2005, would have to sign a Form 4 with America's Securities and Exchange Commission to protect herself from allegations of insider trading.
The 69-year-old film producer has plenty of money for spare to invest after selling his LucasFilm Company and the rights to his Star Wars movie franchise to Disney for 4 billion dollars in 2012.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
