Ty Warner (B. 1944) is the creator and founder of TY Inc., and the creator of TY Beanie Babies. In his early years he treid to be an actor, but failed miserably at it. In 1986, he invested his life savings and mortaged his house to found Ty Inc. (a great investment for him, he is now one of the wealthiest men in the world). Although Ty Inc. was founded in 1986, Beanie Babies were not in production until 1993. Product sales dropped after 2000, although sales still kept coming in quite nicely for the company. He has made special Beanie Babies for his employees, including the #1 Bear, among others.