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Who invented Rainbow Loom?
Cheong Choon Ng
When we look back at the toys of 2014, it will be remembered for Loom Bands. Cheong Choon Ng created a plastic loom for his children to weave colourful rubber bands into bracelets and charms, and Rainbow Loom is the registered trade name of his invention.
When was Rainbow Loom invented?
Rainbow Loom was invented in 2011 by Cheong Choon Ng, a Malaysian-born former seatbelt technology developer from Michigan, who noticed his daughters weaving elastic bands over their fingers to make bracelets.
How much is Rainbow Loom worth?
Ng’s company is now worth more than $130 million.
What is Cheong Choon Ng worth?
It’s not hard to understand why Cheong Choon Ng will go all the way to protect his invention. The rubber bands have brought in a whopping £80 million (US$130 million; RM420 million) of fortune within 3-years to him.
Do people still Rainbow Loom?
The Rainbow Loom trend, some have said, is over. The plastic loom with the tiny, colorful rubber bands used by tweens to make bracelets, rings, even flip-flops, was declared dead last Christmas, due to over-distribution.
What happened to loom bands?
Toy retailer The Entertainer has withdrawn loom band charms from sale after they were found to contain high levels of cancer-causing chemicals. Tests showed one charm contained 40% of banned phthalates, a chemical that makes plastic flexible, with EU law stating 0.1% is the legal limit.
Why are they called Loom bands?
Ng decided to rename his product after discovering that an elastic hair band on the market was named Twist Band, and his brother and niece came up with the name Rainbow Loom.
Are loom bands poisonous?
CERTAIN LOOM BANDS may contain toxic chemicals according to research carried out by a lab in Birmingham. The toxic chemical is carcinogenic and can be absorbed into the body via ingestion or through body sweat. These bracelets pose a threat to children, young adults, pets and anyone who may come into contact with them.
What are rubber band bracelets called?
Silly Bandz are rubber bands made of silicone rubber formed into shapes including animals, objects, numbers, and letters. They are distributed by BCP Imports and are normally worn as bracelets.
Is Rainbow loom making a comeback?
Rainbow Looms Are Making A Comeback And It Makes Me So Happy. When I was having to go through Occupational Therapy, the OT Tech had me work on a Rainbow Loom to try and get back the dexterity in my fingers and to work on my hand eye coordination. Think of how great these are for kids!
Is Rainbow loom a fad?
Rainbow Loom—a plastic pegboard that comes with a hook, clips, and 600 brightly colored rubber bands—is the newest omnipresent Kid Fad. Use the hook to twist the tiny bands into Daedal patterns. Parents love Rainbow Loom because they think it promotes creativity, quiet focus, fine motor skills, and digital literacy.
Is loom bands a fad?
The hobby has caught on even in school. According to a grade school student in one private institution, they are not allowed to wear more than one loom band bracelet as a way of managing the fad among students. Loom bands are considered a toy and usually not allowed in school.
Where was Cheong Choong Kong born and raised?
Cheong Choong Kong (born June 9, 1941) is famous for being entrepreneur. He currently resides in Malaysia. Former chief executive officer of Singapore Airlines who appeared as the spokesperson of the airline after Flight 006 crashed in 2000. Cheong Choong Kong was born in Malaysia on Monday, June 9, 1941 (Silent Generation).
How did Cheong Cheong make the loom band?
His life changing moment came four years ago when he saw his girls making bracelets out of rubber bands. His fingers were too big to play along so he made another out of loom. Seeing the potential Cheong made a plastic version, patented it and then spent his £5,800 of family savings to get it made in China on the cheap.
What kind of house does Cheong cheong live in?
But despite the profits, Cheong is clearly a humble man. While he has bought a BMW for his wife, he is still driving his 12-year-old banger and lives in a modest £235,000 house in the far-from-glamorous Detroit. Asked why he hasn’t splashed out on a new car or fancy home, he said: “It’s a nice house, why should we move?