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
Demands That Celebrities Make Backstage
Famous personalities make good money out of their best performances. They give satisfaction to their audience, express their passion and share...December 8, 2016
Being a Friend to An Introvert Is Such A Strain. This Is Why
Do you have that one friend who is an introvert? Maybe that friend is your girlfriend or boyfriend. You both have...December 8, 2016
Celebrities who Became Famous by Accident
Being in the right place at the right time could change your life forever. This is what happened as these celebrities...December 8, 2016
‘Millennials in the U.S. Are Wealthy’ – A New Study Reveals
Are you a millennial? If you are, you should be happy with the findings of the most recent study on wealth...December 8, 2016
Fitness Buzz: Workout Routines that These Famous Celebs Swear By
DO you want to lose weight? Do you think you have tried almost every trick possible to shed some pounds? Well,...December 8, 2016
3 Efficient Ways Of Monitoring Your Health At Home
“Health is wealth” –— Mahatma Gandhi One of the most important aspects you need to take consideration and pay attention to...December 8, 2016
Worldwide Predictions That Came True
Who knows what the future holds? Oh, the list of the people that foretold the future is long. Here are some...December 8, 2016
Warning 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
Why Golden Milk Is Making Being Talked About in The Health and Fitness Industry
In the world today, terminal illnesses are rampant. As such, most health enthusiasts are seeking new natural alternatives to combat mortality....December 8, 2016