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Why is Rolex a non-profit?

ing to Swiss law, this means they pay no taxes. This standing in the Swiss government as a charitable trust is why some like to call Rolex a non-profit company, but you must remember that its a Swiss company and cannot be defined by US laws and designations.

What is an example of a nonprofit organization?

Non-profit organizations include churches, public schools, public charities, public clinics and hospitals, political organizations, legal aid societies, volunteer services organizations, labor unions, professional associations, research institutes, museums, and some governmental agencies.

Why is Rolex not publicly traded?

But the bottom line is that Rolex is not a public company and never will be. It is 100% owned by the Hans Wilsdorf Foundation and that is how it will always remain.

Is Rolex a nonprofit company?

But the fact of the matter is that Rolex is, in fact, a non-profit. But theres more to it than that. Rolex watch company Rolex S.A is owned by the Wilsdorf Foundation.

Does Rolex donate 90% of profits to charity?

Since Rolex is a foundation under Swiss law, all profits from Rolex are tax-free. All of Rolexs excess profits are directly put into the foundation. Rolex has a profit of about 1 billion Francs per year with a net profit margin of about 20% (of course varying from year-to-year). What is this?

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