What company owns Rainbow Loom?
That tool turned out to be the Rainbow Loom. Headquartered in an industrial park in Wixom, Michigan, Ng’s company, called Choon’s Design, has sold 8 million units and 40 million packs of rubber bands.
How much did the creator of Rainbow Loom make?
Prior to inventing Rainbow Loom, Choon Ng worked for the automotive industry. His brother Yeow runs Rainbow Loom’s online store in Wichita, and works as a mechanical engineer at the National Institute for Aviation Research. Ng has said his new toy company earned $55 million in the past year.