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Magic 8 Ball
Invented by Albert Carter and Abe Brookman
Way back in the 1950s, Carter’s mother considered herself to be a clairvoyant so he devised a product that was inspired by that idea. As time grew, the ball went from a tube with liquid to the one widely distributed by Mattel today.
Based on the idea of Byron Reese
Reese decided to bank on the busiest time of the year, Christmas. He started the business way back in 2001, and it involves sending letters for $10 a piece through a mailbox. Many years later, Reese isn’t just winning Christmas, he wins every season.
Created by (either) Harvey Chin, Earl Warrick, or James Wright
Silly Putty has been around for a long time, but its actual history remains a mystery to date. But taking credit for the genius invention was Peter Hodgson, who took the risk to market it. Even after his death in 1976, Silly Putty continues to fly off the shelf with people finding different ways to use it. On May 28, 2001, the product was inducted in the National Toy Hall of Fame.
Invented by Jonah White
The Billy-Bob Teeth business had quite the amusing start. It started back in 1993 when Jonah White observed dental student Rich Bailey jokingly picking up girls with awful-looking dentures on. Together, they began a business that has sold over $50 million and counting. The company has since branched out to creating other costumes.
Invented by Ken Ahroni
Everybody loves the thought of a wish being granted so it was no wonder that even a plastic wishbone could generate so much income. Priced at $3.99 each, the seemingly useless toy has given Ahroni more than millions of dollars in profit.