HealthFortuneabout 2 hours ago
CEO bought bankrupt furniture company for $80,000
3 min read
Jake Jabs, 95-year-old CEO of American Furniture Warehouse, bought the bankrupt company for $80,000 in 1975. He built it into an 18-location empire across Colorado, Arizona, and Texas with $858 million in 2025 revenue. Jabs has given millions to charities, including $25 million to Montana State University.
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