Imagine being the CEO of a company that is processing over a billion dollars. Now imagine doing that while in your 20's.

Dan Price started Gravity Payments, a credit card processing and financial services company, from his university dorm room when he was just 19 years old. By the time he was 31 years old, he was a millionaire.

He became successful after focusing on small businesses and charging only half of the margins of all of the other competitors.

In 2015, Dan was back in the spotlight, this time for a different reason. After hearing how many of his staff were struggling to make ends meet, he decided to take a $1 million pay cut. It doesn't end there, he also decided to institute a $70 thousand minimum wage at his company.

He received all sorts of praise, but at the same time, he also received backlash with others telling him his "experiment" was doomed to fail.

Since making the change, Price has seen nothing but good come out of it. And although the COVID-19 pandemic has since dropped his wage to $0, he says the best is still yet to come.