Bet you didn't know this - well now you do!
Howard Hughes became rich because his father invented the two-cone roller rock drill bit, which revolutionized the oil drilling industry.
The Source of the Fortune
The Invention: Howard Hughes Sr. patented the Sharp-Hughes roller rock drill bit in 1909.
The Advantage: Earlier drills broke when they hit hard rock. The new drill bit used two rotating cones to chip through hard subterranean rock with ease.
The Business: Hughes Sr. founded the Hughes Tool Company to lease the bits rather than sell them, creating a massive and steady monopoly on oil exploration.
How Howard Hughes Inherited and Grew It
Early Inheritance: Hughes Jr. lost both of his parents by the time he was a teenager and inherited a 75% stake in the highly profitable Hughes Tool Company at age 18.
Expansion: He used the immense cash flow from the tool company to fund his passions in aviation, filmmaking (founding Hughes Aircraft and RKO Pictures), and massive real estate investments in Las...
Send help......and a storage unit. He kept the m'fer a secret. Maybe I should come home with a pair of $1000 shoes.
Congratulation to @SGKusmertz, @bek1, and @wilbner. Your questions were chosen for tonight’s Ask Joe and the Panelists.
@SGKusmertz If you could have one song play when you enter a room, what would it be?
@bek1 Do you usually feel excited or stressed out about going back to school after summer break?
@wilbner What was the best prank you’ve ever pulled?
RIP Eva Marie Saint, 102 years old.
Here she is with Archibald Leach in North by Northwest.
https://www.msn.com/en-us/news/other/eva-marie-saint-oscar-winning-on-the-waterfront-and-north-by-northwest-star-dead-at-102/ar-AA2dHNl0?ocid=socialshare
I guess I'd only need to make one of these shirts @DunnKruger .
https://www.msn.com/en-us/news/other/elon-musk-becomes-a-trillionaire-again-after-spacex-stock-jumps/ar-AA2dBj6I?ocid=socialshare
