7 Entrepreneurs Who Weren’t Millionaires Until They Were In Their 40’s

5. Wally Amos

Millions of people love Famous Amos cookies, but many don’t know that Wally Amos spent most of his career working in a New York City mailroom. Even though he became a music agent and managed stars such as Marvin Gaye and the Supremes, he was still not a millionaire. As he neared retirement, he sought out a way to make some cash while enjoying a hobby he loved: baking. Gaye and Helen Reddy gave him a $25,000 loan to make it happen. His first bakery opened days before he turned 40, and within five years he was making $12 million per year.


Wally Amos


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