95-year-old built $858M furniture business from $80,000 purchase

Jake Jabs, 95, bought a bankrupt furniture store for $80,000 in 1975, building it into American Furniture Warehouse with $858 million revenue by 2025.

American Furniture Warehouse operates 18 locations across Colorado, Arizona, and Texas as a family-owned business.

Jabs donated over $1 million to Colorado charities in the past year, focusing on poverty alleviation.

His philanthropy is shaped by his childhood on a Montana farm without electricity or running water.