Former Disney CEO Bob Iger Takes Stake in This $40 Billion Design Company

Chairman of the board, and former CEO of The Walt Disney Company Bob Iger (L) and wife Willow Bay arrive for the 10th annual LACMA Art+Film gala at the Los Angeles County Museum of Art (LACMA) in Los Angeles, Calif., on Nov. 6, 2021. Michael Tran/AFP via Getty Images

Bob Iger, the former CEO of Walt Disney Co., has acquired a stake in Australian design company Canva, according to CNBC.

More than 75 million customers use the company’s software every month. In addition, after raising funds in September, Canva is now valued at $40 billion.