The net worths of CEOs and founders are largely at the whim of their company stock—all it takes is one breakout earnings report or blockbuster news to shake up their fortunes. Now, Moderna cofounder Robert Langer has re-entered the billionaires club following promising cancer vaccine trials that sent the company’s stock soaring. Langer, known as
Long before becoming a Hollywood mainstay with a market cap of over $315 billion, Netflix was struggling to stay afloat. After the dotcom bust, the then DVD rental company was forced to make its first major round of layoffs in 2001, cutting roughly one-third of its workforce. For Netflix cofounder Reed Hastings, the experience drove
A small investment made at the right moment has the power to launch ordinary people to millionaire status. All it took was $1,000 and an out-there idea for Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, to set his business on a path to becoming a $85 billion behemoth. “I had this idea that
The image of hoodie-wearing college students launching billion-dollar businesses from their dorm rooms has become an entrepreneurship cliché. And while leaders say there are advantages to being a young founder—having more energy and fewer responsibilities—there are also perks to starting a business later in life. Actress Jennifer Garner became a cofounder of $732 million business
Not all of the lessons in the Walker Deibel playbook fit between its covers. One of the first bolt-on acquisitions Lucas Philips tried to close was a tiny shop in rural Oregon — a guy who had spent decades fabricating custom interiors for Porsches. Philips flew to Portland, grabbed a brand-new convertible Mustang on a
When Crumbl first opened its doors in northern Utah in 2017, cofounders Jason McGowan and Sawyer Hemsley had a simple goal: create the perfect chocolate chip cookie. Nearly a decade later, that experiment has grown into a cookie empire generating more than $1 billion in annual revenue, with nearly 1,100 locations and more than 29,000
