Betty Nesmith Graham, the remarkable lady of social technology who brought us liquid paper.

Bette Nesmith Graham Net Worth: $ 1.3 million

Bette Nesmith Graham Net Worth
Bette Nesmith Graham Net Worth

Bette Nesmith Graham was an American typist commercial artist and the inventor of the correction fluid liquid paper, not to be confused with its competitor white out. She was the mother of musician and producer Michael Nesmith of the monkeys now graham was born betty Clare McMurray in Dallas texas to Jessie McMurray an automotive supply company manager and Christine Devilliers.

Her father died in the early 1950s, leaving some property in Dallas to Betty, her mother Michael, and her sister Yvonne. As a single mother, she worked as a secretary at Texas Bank and Trust, eventually rising to the position of executive secretary, the highest position open to women in the industry at the time. It was difficult to erase mistakes made by early electric typewriters, which caused problems.

She secretly used her white correction paint for five years at Thomas Jefferson high school in Dallas, making some improvements with the help of her son’s chemistry teacher some bosses chastised her for using it, but co-workers frequently sought her out to paint out she eventually began marketing her typewriter correction fluid as mistake out in 1956, the name was later changed to liquid paper when she began her own company mistake out in the 1960s operating at a small.

In 1979, she sold the liquid paper to the Gillette Corporation for $47.5 million. Her company employed 200 people at the time and produced 25 million bottles of liquid paper per year.

Betty ness smith died on the 12th of May 1980 in Richardson, Texas, at the age of 56, after a stroke. From the beginning, graham ran her company with a unique combination of spirituality, egalitarianism, and pragmatism. Raised as a baptist, graham converted to Christian science in 1942, and her faith inspired the development of her corporate statement of policy, part code of ethics, part business philosophy.

Her only son, musician Michael Nesmith, best known as a member of the monkeys, inherited half of his mother’s estate, which included a portion that went to the Gihon Foundation, which established the council on ideas, a think tank with a retreat center north of Santa Fe, New Mexico, active from 1990 to 2000 and devoted to exploring world problems.

Additionally, a portion of Graham’s estate went to the betty Clare McMurray foundation, which supports projects like the exhibit Texas Women: A Celebration of History, career guidance for unwed mothers, shelter and counseling for battered women, and college scholarships for mature women.

Bette Nesmith Graham is an American brand of the Newell brands company that sells correction fluid, correction pens, and correction tape primarily used to correct typewriting mistakes in the past. Correction products now mostly cover handwriting mistakes. Bette Nesmith Graham invented the first correction fluid in her kitchen in 1956, and working as a typist she used to make many mistakes and always strove for a way to correct graham founded the mistake out company and continued to produce small batches of correction bottles from her kitchen and eventually her garage nights and weekends after she was fired from her typist job as an executive secretary at texas bank and trust after she accidentally put her own company’s name on her employer’s letter.

Bette Nesmith Graham Net Worth
Bette Nesmith Graham Net Worth

She offered her correction flew it to IBM, which declined the offer. The company announced by 1968, the product, now known as liquid paper, had proven to be profitable, and the company was sold to the Gillette Corporation for $47.5 million-plus royalties in 1979.

In 2000, the liquid paper product and brand name were acquired by Newell Rubbermaid, now known as newell brands in some parts of the world. Liquid paper is now endorsed by Papermate, a well-known writing instrument brand also owned by newell. The organic solvent 111 trichloroethane was used as a thinner in the product and liquid paper containing this thinner was thought to be toxic and a carcinogen in the 1980s due to concerns over recreational inhalation of the product.

Later studies have shown that while the theta used was toxic, there was no evidence of carcinogenicity. There were a number of studies linking fatalities to the trichloroethane contained incorrect fluids.

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