In 1975, a 95-year-old CEO bought a bankrupt furniture store for $80,000, then quietly built an $858 million business and donated millions | World News
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July 27, 2026
In 1975, Jake Jabs made the bold decision to invest $80,000 and later emerged from a weak furniture business into a multi-million dollar company. The 95-year-old founder and CEO of American Furniture Warehouse took over the troubled company when it was…