The Walt Disney Company, usually referred to as "Disney", was founded by Walt and Roy Disney on October 16, 1923. At that time it was known as Disney Brothers Cartoon Studio, the company was later reincorporated into Walt Disney Studio. The company has estimated a net worth of about 36 billion dollars. In 1928 the first Mickey Mouse cartoons were released to the public audience. For the next few years to come Disney began producing and releasing many different cartoon characters such as Pluto, Goofy, and Donald Duck. It wasn't until 1937 when the unimaginable happened and Disney featured the first animated film to ever be produced, Snow White and the Seven Dwarfs.