![TIL that Rolex is owned by a non-profit trust which gives Nobel type cash awards for worthy innovative business ideas. : r/todayilearned TIL that Rolex is owned by a non-profit trust which gives Nobel type cash awards for worthy innovative business ideas. : r/todayilearned](https://preview.redd.it/usxbcis2r2c81.jpg?auto=webp&s=c42366c76abcea4daf5721d02016d902653120b1)
TIL that Rolex is owned by a non-profit trust which gives Nobel type cash awards for worthy innovative business ideas. : r/todayilearned
![When my friend first told me this I thought he was full of it. Google confirmed it, now I owe him $50 : r/Damnthatsinteresting When my friend first told me this I thought he was full of it. Google confirmed it, now I owe him $50 : r/Damnthatsinteresting](https://preview.redd.it/ez70g6jf6j921.jpg?auto=webp&s=efb956a499560bcca97d4b5b1196e5c8e61411f2)
When my friend first told me this I thought he was full of it. Google confirmed it, now I owe him $50 : r/Damnthatsinteresting
Anonymous University - Rolex SA is owned by the private Hans Wilsdorf Foundation, which is registered as a charity and does not pay corporate income taxes.. So basically, Rolex pays their employees
![Did you know? Rolex watch company is run by a non profitable charity trust and they donate 90% of the profit. The founder was an orphan. - ) Did you know? Rolex watch company is run by a non profitable charity trust and they donate 90% of the profit. The founder was an orphan. - )](https://img.ifunny.co/images/9139ca5c7ae0cfee53eb79389bee8178e0f998204caab9e713c3ada9bd2627aa_1.jpg)
Did you know? Rolex watch company is run by a non profitable charity trust and they donate 90% of the profit. The founder was an orphan. - )
![The Rolex watch company is run by a non profitable charity trust and they donate 90% of the profit. The founder was an orphan. f @officialmbf U @officialmbf @blowingfactz - ) The Rolex watch company is run by a non profitable charity trust and they donate 90% of the profit. The founder was an orphan. f @officialmbf U @officialmbf @blowingfactz - )](https://imageproxy.ifunny.co/crop:x-20,resize:640x,quality:90x75/images/7ed99fbde7f7e38fedd489b8cecac19f2fb1b2ba8635eb26ed39d58efad4ad7f_1.jpg)