Browsing Tag

empire

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How Two Penniless Korean Immigrants Launched an Apparel Empire Now Worth Billions

This is a story about success; this is about how Do Won “Don” Chang and his wife, Jin Sook, immigrated from Korea to California with nearly nothing, how Chang had to hold down three demeaning jobs at the same time to support his family, and how the couple finally opened up their first clothing store.

Three decades later, their then small-scale entrepreneurial venture has blossomed into a coveted international brand with 600 stores worldwide bringing in around $4.4 billion in sales each year.

Why Sofia Vergara is Still TV’s Highest-Paid Actress Turned Powerful Businesswoman

For the third year in a row, Sofia Vergara is the highest-paid television actress, raking in $37 million between June 2013 and June 2014; compare that to Ashton Kutcher, TV’s highest-paid actor, who’s meager $26 million in the last year doesn’t even come close.

According to Forbes, the Colombian-born actress earns a reported $325,000 per episode, but what we don’t see is that Vergara is actually more of a businesswoman than an actress. Most of her cash comes from her extremely lucrative endorsements and licensing deals.