Canada has two new toy billionaires.
Ronnen Harary and Anton Rabie, the childhood friends who founded Spin Master and still each own about 30% of the company, are now in the exclusive billionaire’s club, according to Bloomberg’s calculus.
The company, which was founded in Toronto in 1994, got a 56% stock boost this year after the release of their hit toy, the Hatchimals.
That makes both Harary and Rabie worth about $US1.4 billion.
Hatchimals have been nothing short of a sensation for the brand, which has become one of the fastest-growing in the toy business. Hatchimals were one of the hardest-to-find toys of the 2016 holiday season, and they were widely considered the “it” toy every kid wanted.
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