stackyFACTSYes, the brand synonymous with rap videos, hedge fund bros, and obnoxious wealth is technically a charity.
Yes, the brand synonymous with rap videos, hedge fund bros, and obnoxious wealth is technically a charity. The company is owned by the Hans Wilsdorf Foundation, a private trust that classifies it as a non-profit entity under Swiss law. Because they have zero shareholders and donate a wholly undisclosed (and completely unchecked) amount to charity, they sidestep massive tax burdens while selling you a $15,000 watch to check the time your smartphone already has.
Keep exploring facts in this topic.
Economy →STACKY FOR IPHONEKeep discovering with Stacky. Interesting facts in an app that is always within reach.
When you are dropped behind enemy lines, carrying a bulky stack of US dollars is a massive liability. Historically, CIA operatives and Special Forces soldiers…
Discover more
If you ever wondered how public transit makes a profit, spoiler alert: it absolutely does not. Underground transit systems are built with the implicit…
Discover more
Nature constantly wants to fill rivers with mud, and humanity spends billions aggressively scooping it out. Maintaining deep shipping channels requires a…
Discover more
Politicians absolutely love the patriotic idea of bringing factory jobs home right up until they see the actual corporate receipt. Moving advanced…
Discover more
Taking an ingredient out is the fastest way to raise the price. Specialized dietary foods carry astronomical premiums that far exceed the actual alternative…
Discover more
Cash stuffing relies on putting physical money into clearly labeled categories, forcing you to literally see your spending limits. This tactile psychological…
Discover more