In 2012, Rafael, a single individual, received a large inheritance from his rich uncle Donald's estate. He immediately started looking around for investment opportunities. He found two start-up. companies, each with a promising future in the manufacturing process automation technology industry. He obtained financial information on those companies, including the following: Czar Innovations was actively looking for investors. Kor Technologies had just closed its latest round of stock issuance and was not looking to issue any additional stock. However, one of its shareholders was looking to sell some of his shares to raise cash to deal with a personal emergency. On June 30,2012 Rafael purchased $2 million of Czar innovation, Inc, from the company, and another $2 million in stock of Kor Technologies, Inc. from the shareholder willing to sell his shares. Both companies did extremely well over the next several years. Rafael sold his holdings in both companies on August 31,2020 for $25 million each, raking in a total of $50 million. Rafael was still single on December 31. 2020. In 2012, Rafael, a single individual, received a large inheritance from his rich uncle Donald's estate. He immediately started looking around for investment opportunities. He found two start-up. companies, each with a promising future in the manufacturing process automation technology industry. He obtained financial information on those companies, including the following: Czar Innovations was actively looking for investors. Kor Technologies had just closed its latest round of stock issuance and was not looking to issue any additional stock. However, one of its shareholders was looking to sell some of his shares to raise cash to deal with a personal emergency. On June 30,2012 Rafael purchased $2 million of Czar innovation, Inc, from the company, and another $2 million in stock of Kor Technologies, Inc. from the shareholder willing to sell his shares. Both companies did extremely well over the next several years. Rafael sold his holdings in both companies on August 31,2020 for $25 million each, raking in a total of $50 million. Rafael was still single on December 31. 2020