Cheong choon ng biography sample
We traced the story of one toy to find out.
Rainbow Loom started as a weekend project for my tween daughters.!
The humble loom band millionaire - the inventor 'worth £80m' who refuses to splash the cash
If most people became millionaires they'd probably splash out - but not the inventor of the loom band.
Cheong Choon Ng has made millions from the colourful craze - which sees children make bracelets by looping together tiny plastic bands - but he still lives in the same house and drives the same old car.
The year-old was born in Malaysia but has lived in the US for the last 23 years.
He is married to Fen, and has two daughters Teresa, 16, and Michelle,
A former engineer for Nissan, Cheong was developing new seat belt technology when he hit upon his money making idea.
His life changing moment came four years ago when he saw his girls making bracelets out of rubber bands.
His fingers were too big to play along so he made another out of loom.
Seeing the potential Cheong made a plastic version, patented it and then spent his £5, of family savings to get it made in China on the cheap.