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The Nexus
BUSINESSJul 24 · 14:59 UTCFORTUNESydney Lake

This CEO once bought a bankrupt furniture company for $80,000. At 95, he’s now given away millions

Jake Jabs, 95, purchased a bankrupt furniture company for $80,000 in 1975 and built it into a $858 million business by 2025. He has donated over $1 million to Colorado charities and made major educational donations, including $25 million to Montana State University and $10 million to the University of Colorado Denver.

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