Finds out that he is a partner in Facebook and his wealth is $200 million by chance!
While some go to great lengths to make a fortune, some millionaires only reach seven numbers by chance and lots of luck!
This is exactly the case with American-born Korean graffiti artist David Cho, who works as a talented graffiti artist in America.
Graffiti artist David Choe knows the second scenario well.
As featured on a recent episode of CNBC’s “The Filthy Rich Guide,” in the early 2000s, Choe’s work caught the eye of Sean Parker, founder of Napster. In 2005, after Parker became president of then-fledgling start-up Facebook, he hired Choe to deck out its original headquarters in Silicon Valley with murals.
Though Choe despised social media’s early iterations like MySpace and called Facebook a “ridiculous” idea, according to “The Filthy Rich Guide,” he agreed to paint the building for a hefty sum: $60,000.
“My prices had been going higher and higher and I was like, ‘Yeah, I mean, if you want me to paint the entire building, it’s going to be 60, you know, 60 grand,’” Choe told Howard Stern.
Parker offered him a choice between cash and company stock, but advised him to take the stock.
It was a risky decision. As Choe told Stern, at that time “Facebook was a joke.” There was no guarantee that the business would amount to anything and his shares could wind up worthless.
He took the stock.
When Facebook went public at $38 a share in 2012, his stock options were worth $200 million, making him a bona fide multimillionaire. (Today the common stock is at more than $171 per share.)
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