In 1973, Federal Express was on the brink of collapse. Fuel costs had soared, and the company had just $5,000 left in its bank account. Founder Fred Smith flew to Las Vegas, took that money, and played blackjack. By morning, he had turned it into $32,000 — enough to pay the fuel bill and keep the planes flying for one more week.
During that week, Smith secured an $11 million investment that saved the company. By 1976, FedEx turned its first profit. Today, the company earns over $90 billion in annual revenue.
When asked about the gamble, Smith said: "What's the difference? Without the fuel money, we weren't going to fly anyway." A bold move that paid off beyond anyone's imagination.
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