A 95-year-old CEO bought a bankrupt furniture store for $80,000 in 1975, then quietly built an $858 million business and gave millions away | World News
In 1975, Jake Jabs took the bold decision to make an $80,000 investment, which later led to the emergence of a multimillion-dollar company from a weak furniture business. The 95-year-old founder and chief executive officer of the American Furniture Warehouse took over the struggling company when it was just on the brink of going bankrupt…
