From Cubicles to Crypto Kings: 19 Employees Hit Millionaire Status After $1B Company Exit

When the CEO cashed out for a cool billion, the office lottery winners weren''t VCs—they were the rank-and-file warriors who believed in the grind.

The new wealth wave: Forget IPOs—this is what happens when a startup actually shares the spoils. (Take notes, Silicon Valley.)

Bonus reality check: Meanwhile, Wall Street bankers are still charging 2% to lose your money in a ''diversified portfolio.''

Billionaire CEO Makes 19 Employees Millionaires

Apart from creating 19 millionaires, he also provided every employee with a yearly salary as a bonus for their hard work.he said.

Every corporate employee, store manager, and assistant manager received a bonus equivalent to their yearly salary. Phelps revealed that he believes in giving credit to employees where it’s due. While his company was sold for $1 billion, more than a dozen people turned millionaires out of his goodwill.

He also revealed that he was hackled upon by an investor saying that he lacks compensation knowledge to employees.he summed it up.