The world at large is a crazy place, and the world of business is no exception. Hidden behind the at-times boring economic forecasts and earnings reports are a treasure trove of awesome factoids.
Nine fascinating business facts that will blow your mind
1. If the U.S. were to eliminate their $1 paper bills and replace them with $1 coins, it could save up to $4.4 billion over 30 years, according to a Government Accountability Office report.
2. In response to the polluted breathing air in China, millionaire Chen Guangbiao began selling fresh air in a can, going on to sell eight million cans in 10 days and earning $6 million in a year.
3. Ronald Wayne, also known as the third founder of Apple alongside Steve Jobs and Steve Wozniak, sold his shares for only $800 after 12 days working with the company. His stake, which was 10 percent of the company, would be worth almost $100 billion today with Apple’s current valuation.
4. Though it is best known for its smartphones and other electronics, Samsung’s other business areas include weapons manufacturing, life insurance and theme park management.
5. The world’s largest package delivery company UPS was founded by two teenagers with a bicycle and $100 borrowed from a friend.
6. In the year 2012, the 100 richest people in the world earned enough money to end world poverty four times over.
7. If you have $10 in your pocket and have no debt, you are in a better financial position than 25 percent of the American population.
8. In 1999, Google’s founders were willing to sell the company to a web portal called Excite for under $1 million. However, Excite passed on the offer.
9. In 1974, FedEx was on the verge of bankruptcy. It was saved when the founder took the last $5,000 of the company’s assets and turned it into $32,000 by gambling in Las Vegas. In fiscal year 2018, FedEx generated over $65 billion.