1. Walt Disney
The loss: Is this why Disney World tickets are so expensive? Well, no, Walt Disney’s bankruptcy came before he launched his eponymous empire. Disney’s first animation studio, Laugh-O-Gram Studio, went bankrupt after the financial backer went broke. Of course, Disney went on to build a global brand that had $98 billion in assets in 2018.
The lesson: There is life after bankruptcy. And one failed business venture doesn’t mean you’ll never get a shot at a successful company again, especially if you can still get financing.
