A Graffiti Artist That Made $200 Million Overnight

Samuel Reason - July 30th, 2019

Most entrepreneurs and businessmen that become millionaires achieve it by grinding endlessly with long hours, they hustle and work hard. Others just get a bit lucky. One graffiti artist by the name of David Choe knows this lucky feeling all too well.

gawker.com

As recently featured on CNBC’s The Filthy Rich Guide, during the early 2000s, Sean Parker, the founder of Napster saw Choe’s work and thought it was amazing. So when Sean Parker ended up as the president of a small start-up called Facebook in 2005, he decided to hire Choe to fill up their original Silicon Valley headquarters with some cool murals.

Even though Choe was not a fan of social media such as MySpace and thought Facebook was a completely ridiculous idea, his prices for his art had been rising and rising at the time. Which led to him telling Parker he would be fine to paint their whole building, but it would cost them $60,000.

Parker offered Choe the choice between cash or company stock. The company did not even have the cash, but Parker wanted the murals in their offices. He heavily advised Choe to take the stock. Even to this day Choe is not sure why he choose the stock option, he did not believe in Facebook’s idea at all and there was no guarantee of any profit. The business could flounder and his shares of the company would end up being completely worthless.

Of course, we all know how it turns out when Facebook eventually went public in 2012 the share prices started at $38. This meant that his stock options were worth over $200 million almost immediately, making him a multimillionaire overnight. Not to mention that today the stock options are more than $170 per share!

It goes to show that sometimes as a budding entrepreneur or even a well-known artist, you just have to roll the dice and take a risk – as you never know it may work out for your benefit in the long run!

Next Article
  • The Strange And Rare Pupula Duplex Conditions

    Pupula duplex is such a rare medical condition where a person has two irises in one eye, that many believe it is just a myth and a joke. They would be very wrong though, as the rare condition that sees people having two pupils in the same eye does exist. Granted it is extremely rare...

    Read More
  • The Twins Capital Of The World

    In Nigeria there is a town known as the twin capital of the world, they put banners up all over to show how proud they are of this title, despite not really knowing why there are so many twins in the area. Anyone who walks around Igbo Ora in Nigeria will see many duplicate faces,...

    Read More
  • The Luckiest Mariner In The History Of War

    Wenman Wykeham-Musgrave was a mariner during World War I, surprisingly he survived being aboard three different ships that were torpedoed and sunk in the space of 90 minutes. Perhaps making him the luckiest or unluckiest mariner to have served during World War I. Musgrave was a midshipman aboard the HMS...

    Read More
  • The Great California Recycling Fraud Crisis

    You would think that any state or country with an effective recycling program would have it set up to ensure it could be self-sustainable, however, in California, there is an extremely high rate of recycling fraud which is draining the state’s cash. Over 8.5 billion recyclable cans were sold in California during the last few...

    Read More
  • The Way Of Kaizen Productivity

    The ancient Japanese art of organization and ensuring that things always get better. It doesn’t really have much more meaning than Good Change. Essentially it comes down to ensuring you have constant and continual improvement in your life. And that every aspect of the organization should always be focused on improving it, even if it...

    Read More
  • World’s Loneliest Frog Saved By Online Dating Profile

    It sounds extraordinary and untrue, but the world’s loneliest frog was indeed saved by an online dating profile. A Valentine's stunt that conservationists played on Match.com played off, it raised awareness and found the lonely frog a partner. The expedition found five new Sehuencas water frogs and this even included a mate for lonesome Romeo....

    Read More