This Guy Gave His College Roommate $229 Million
Imagine this scenario – you start a small company which you believe in with all your heart, but need a small favor from a friend in order to make it happen. Because you can’t pay him, you promise to pay him back whenever your company makes enough money. The day comes and you sell the company, making a ridiculous amount of money. Would you pay your friend $10,000? $100,000? Well, this guy just paid his friend $229 Million.
Nick Woodman is the genius behind the easy to operate yet very high-quality GoPro camera, a tiny HD camera which can be applied to almost any surface, making it very skater/surfer/skydiver/base jumper/any extreme sportsperson friendly. The 39-year-old visionary Woodman began his journey in 2004 with a 35mm film camera and very soon moved into the digital photography field, leaving many competitors behind, while gaining a sum of close to $2.3 Billion, making him the highest paid CEO in America according to The Business Insider.
What would a regular person do with all this money? Some people would invest it, others would spend it and some would go crazy from having so much of it. Woodman did something different. Based on a promise made to Neil Dana, Woodman’s old college roommate and GoPro’s first employee, the Billionaire and inventor gave 10% of his company’s net worth (around $229 Million) to Dana in stock options.
Dana was employed in GoPro as the company’s director of specialty sales and music and got a promise from Woodman to get 10% of the company’s worth when it would sell, which it did in 2014. This move is one of the most generous moves in the modern business world, and could have been very different had Woodman been less of a man of his word. We can learn from this story that it’s very important to have faith in your friends on one hand, and live up to you promises on the other. We wish every future Millionaire and Billionaire would follow the steps of Woodman, making the world a much better and harmonious place.
More in Luxury
If You Believe in Yourself, You Can Be As Successful As These People
Every one of us experiences ups and downs in his/her life. From not getting the desired job or position, to getting...December 8, 2016
Anger Management 101: Tips On How To Control It
As human beings, we often deal with emotions. Emotions such as happiness and love make us feel like we are flying...December 8, 2016
How To Look Smart on Meetings
Do you have a business meeting coming soon on your schedule? Then you should read those pieces of advice given by Sarah...December 8, 2016
What the World’s Most Beautiful Women Would Tell You
Who doesn’t want to look beautiful and feel good at the same time? Well, taking it from the most alluring women...December 8, 2016
The Most Expensive Gifts Ever
When you have loads of money, it seems pretty pointless saving it. And there’s no better way of spending it than...December 8, 2016
Tribute to Obama: Things You’ll Surely Miss about This POTUS in 2017
Barack Hussein Obama was moved to tears when he had his meaningful farewell speech on January 10, 2017 – especially during...December 8, 2016
Signs That Your Body May Be Dehydrated
Up to 70% of human body is made up of water. Without proper hydration, the blood would be unable to transport all the...December 8, 2016
How The Joker Played With the Mind of His Actors
If you’re a fan of the Batman series, your favorite villain is probably the clown everyone loves to hate and hates...December 8, 2016
Some Great Summer Beauty Remedies
The winter has gone past and brought upon us a better weather in the form of summer. People who were never stepping...December 8, 2016