The other day, I came across a list of famous young rich with GED certificates and it made me wonder how old some of the world most famous brand’s founders were when they first started their multimillion dollar companies.
Naturally, I did a little research. And the results shocked me. I limited my search for people under 25 only, not expecting many to make the list.
Boy! Was I wrong! The figures are dated, of course (2011), and I think it shows how fast the world has changed. Take a look at some data:
Anthony “Tony” Maglica is the owner and founder of Mag Instrument Inc, the company that manufactures the Maglite flashlight which was designed by Maglica. The Maglite is a powerful and durable flashlight that has become standard issue gear used by police officers in the USA. He was born in New York, but because of the Great Depression, his family returned to the island of Zlarin. In 1950, when he was 20, he returned to the US (Ontario, California). With minimal English, he got a job as a machinist. During this time, he bought a metal lathe for $1000 which he paid of monthly. That business grew into his own machine shop which he incorporated in 1975.
Michael Kittredge started Yankee Candle Company in South Hadley, Massachusetts when he was 16. This $1.6 billion dollar company was started by Michael’s gift ideas to his mother. He melted crayons to create a scented candle. Soon his product’s popularity has increased dramatically. The company now has more than 550 stores all over the world selling almost anything from scented candles to hand sanitizers.
Anthony “Tony” Maglica and 20 Other Young Founders of Big CompaniesRead More »