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
The Crucial Reason Anne Hathaway is Not Going to Drink Anymore, and Why You Should Too!
One of the most popular recreational activities is drinking, even though it is not the healthiest of choices. However, alcoholic beverages...August 2, 2019
Here’s Why This Princess Diana Sweater Is Worth Over $50K, And It Just Got Sold!
If you sell your old clothes, we bet you would not be able to command much for them, if anything at...August 2, 2019
Serena Williams Goes a Lighter Shade of Honey Blonde, and We Just Can’t Handle It!
You may know Serena Williams from her amazing talent on the tennis court, as she has successfully established herself as one...August 1, 2019
Eddie Murphy Returning to Stand-Up In a Shocking Netflix Deal, Here Is What We Know So Far!
It is remarkable how fast we are entering the digital age, especially in the entertainment industry, as greater internet connectivity around...August 1, 2019
This Is Why Jennifer Lopez Looks 30 Years Younger and Calls Herself A Happy Person!
If we rewind a few years, turning 50 was considered to be a big deal especially for an entertainer, simply because...August 1, 2019
Michelle Obama is Most Admired of All The Women In The World, And Here’s The Obvious Reason Why!
Out of all the First Ladies of the United States, there is no doubt that Michelle Obama has earned a permanent...August 1, 2019
Brace Yourself As Some of Your Favorite TV Shows Are Ending This Year, Here Is A List!
The television medium has evolved dramatically over the years. Before the current binge-watching trend successfully promoted by platforms like Netflix, audiences...July 31, 2019
Looking For Epic Birthday Ideas? Jennifer Lopez Has Thrown The Most Perfect Party On Her 50th Birthday!
Many of us love celebrating birthdays, but no one does it better than the rich and famous. Just take Jennifer Lopez...July 30, 2019
Jordyn Woods Cannot Help Spending Time with Khloe Kardashian’s Ex, And This Time It’s Not Tristan Thompson!
The entire world is now perfectly aware that Jordyn Woods is no longer best friends with Kylie Jenner, however, she can’t...July 29, 2019