Bette Nesmith Graham Net Worth

During the first half of the 20th century, Liquid Paper was one of the most popular office supplies in the world. This was thanks to Bette Nesmith Graham, who invented the product. She later sold it to Gillette Corporation in 1979 for $47.5 million. In 1975, she opened a 35,000 square foot headquarters building for Liquid Paper in Dallas. Several years later, Liquid Paper was available in 31 countries. It was also one of the most profitable companies in the history of American business.

Bette Nesmith Graham was born in 1924 in Dallas, Texas. She was a commercial artist and businesswoman, as well as a mother of one. She has a net worth of about $1.5 million. She was a single mother, and had to take care of her son Michael on her own. She made the most of her life. She worked as a secretary in the 1950s. She then moved to Dallas to be close to her family.

She became an entrepreneur and inventor by founding the Liquid Paper Company. She used her knowledge of paint to create a product that could be applied to cover mistakes. She then sold her invention to Gillette in 1979. She later died of a heart attack.

Aside from the invention of Liquid Paper, Graham also set up two foundations to help women. The first, a think tank called the Council on Ideas, was active from 1990 to 2000. It was funded by the Gihon Foundation. The second was a nonprofit organization that helped disadvantaged women. The name is a bit of a mouthful, but the underlying concept is a surprisingly clever one.

The most obvious and naive way to use the money would be to purchase a new type of liquid paper. However, the product’s true worth is in the way it changed the face of business. It encouraged employee participation in corporate decisions, allowing everyone to contribute to the success of the company.

The other, more logical, and more practical way to use the money was to donate it to charity. For example, Graham’s philanthropic legacy includes her establishing two foundations, the largest of which was the Council on Ideas, to provide assistance to disadvantaged women. In the meantime, Michael Nesmith is a successful musician and songwriter. In addition to his work with the Monkees, he has been credited with funding a number of movie and television projects. He has also been a devoted and longtime champion of his mother’s work.

The best way to make the most of your money is to use it to improve your life. That is why it is no surprise that Bette Nesmith Graham was a proponent of using her fortune to help others. She gave half her estate to her son, Mike, and half to charity. Her husband Warren, who was a soldier in World War II, returned home to take care of their young son. Although his mother had passed away, he continued to champion her legacy.