You'll Be As Rich As DeSantis If You Buy This Much Disney Stock Today And It Returns to All-Time High

Media giant The Walt Disney Company DIS has been battling Florida Governor Ron DeSantis for several years. The persistent conflict comes from Disney’s criticism of the Florida Parental Rights in Education Act, commonly known as the Don’t Say Gay Bill.

Since becoming governor of Florida, DeSantis has seen his wealth increase. Here’s a look at how much he’s worth compared to Disney stock.

What Happened: The clash between Disney and DeSantis has been characterized by escalating legal disputes as the Florida governor seeks to revoke the privileges that the media giant has held in the state of Florida for decades.

As DeSantis gears up for his 2024 presidential campaign, the disputes with Disney show no signs of abating.

In a recent financial disclosure, DeSantis showed his earnings soared in 2022 thanks to the release of a memoir. DeSantis had a net worth of $1.17 million at the end of 2022, as reported by The New York Times.

DeSantis had a net worth of $284,000 at the end of 2018, the year that saw him first elected as governor in the state of Florida.

As the governor, DeSantis draws an annual salary of $141,400. His income in 2022 was solely derived from his gubernatorial salary and the earnings from his book deal and subsequent release.

Related Link: If You Invested $1,000 In Disney Stock When DeSantis Became Governor, You'd Have This Much Now 

Becoming a Millionaire With Disney Stock: Shares of Disney hit all-time highs in March 2021, which came during the COVID-19 pandemic that saw interest in streaming platforms soar.

The all-time highs also happened under previous CEO Bob Chapek, who was replaced by former CEO Bob Iger in November 2022.

There has been optimism from analysts and investors alike, with Iger once again leading the media giant. Iger was behind several of the company’s largest acquisitions, including Pixar, Marvel and Lucasfilm. He also helped the company launch its Disney+ streaming platform.

Shareholders also enjoyed nice returns during Iger's previous tenure as CEO. 

Iger saw his contract renewed through 2026 recently, a move that will give him ample time to make changes, look for M&A opportunities and find and train a successor.

While it’s not certain, a return to all-time highs could provide substantial rewards for investors who are patient and recognize the potential opportunities with Iger at the helm.

The all-time closing high for Disney shares was $201.91 set back in March 2021.

Investors purchasing 5,794.66 shares of Disney today could see their investment value soar to $1.17 million if Disney shares reach their all-time high of $201.91 again. This would match the current wealth of Florida's governor and presidential hopeful, DeSantis.

Read Next: DeSantis Vs. Disney Battle Heats Up: How King Charles III Is Now Inovlved 

Photo: Shutterstock