Brothers Tom and James Monaghan had purchased a pizza restaurant, DomiNick’s, for $500. A year later (1961) after eight months of running the business as a partnership, James Monaghan traded his stake in the business to his brother, for a used Volkswagen Beetle.
Fast-forward 38 years and Tom Monaghan (the brother who got the stake) decided to retire and sell most of his stake in the company that was now known as Domino’s Pizza. He got a bit more than the price of a used Volkswagen Beetle though. Specifically, he sold 93% of his stake for one billion dollars.
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