Warner and Ty, Inc. launched Beanie Babies in 1993. It was believed that at the height of the Beanie Baby craze that the toy company had earned well over $700 million in yearly profits. Aside from Ty, Inc. Warner also has several other investments, like the Four Seasons Hotel in New York City and the San Ysidro Ranch in Montecito, California.
Friday, April 25, 2014
Ty Warner: The Man Behind the Beanie Baby Craze
Ty Warner is an American businessman, former actor, and toy manufacturer. Founder, sole owner, and CEO of Ty, Inc., Warner is best known for manufacturing and distributing Beanie Babies and other plush items. He started his acting career in Los Angeles but went back to Chicago when this dream didn't pan out. It was in Chicago where he got his start working for a plush toy maker, staying with Dakin for 20 long years. He took a sabbatical in Italy afterwards and when he returned to Chicago founded Ty, Inc. with his life savings and home mortgage.
Warner and Ty, Inc. launched Beanie Babies in 1993. It was believed that at the height of the Beanie Baby craze that the toy company had earned well over $700 million in yearly profits. Aside from Ty, Inc. Warner also has several other investments, like the Four Seasons Hotel in New York City and the San Ysidro Ranch in Montecito, California.
Warner and Ty, Inc. launched Beanie Babies in 1993. It was believed that at the height of the Beanie Baby craze that the toy company had earned well over $700 million in yearly profits. Aside from Ty, Inc. Warner also has several other investments, like the Four Seasons Hotel in New York City and the San Ysidro Ranch in Montecito, California.
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