Lego Investing Is Booming. Here's How It Works (2024)

Join Fox News for access to this content

Plus special access to select articles and other premium content with your account – free of charge.

Please enter a valid email address.

Lego Investing Is Booming. Here's How It Works (1)

The U.S. has committed hundreds of millions of dollars to renewed initiatives to help Haiti during its crime crisis in the country, but concerns remain about whether the country will properly utilize the money, according to an expert.

Haiti received around $13.5 billion in the years following a devastating 2010 earthquake, thanks to an international effort led by the U.S. and the United Nations, around 120% of the country’s GDP at the time.

“They never rebuilt Port-au-Prince. You’re talking about a city that doesn’t have a sanitation system, doesn’t have basic plumbing and electricity, no basic infrastructure … people can’t get anywhere, they’re walking up and down the dirt,” said Jack Brewer, a former NFL player and philanthropist who has pursued initiatives to help rebuild Haiti.

Brewer told Fox News Digital that he felt the funding provided after the 2010 earthquake “wasn’t properly spent.”

“I got a chance to watch a lot of the things that happened on the ground,” Brewer said. “After the earthquake in 2010, I worked with the NFL Players Association, and we partnered with the Clinton-Bush Haiti Fund … it was called the Clinton Haiti Fund … and we raised a lot of money through that, and it started to be allocated.”

“Then other countries came in and started to allocate a lot of money,” he added. “You would think that the long-term goal was to rebuild the city of Port-au-Prince and the surrounding areas that were impacted by the earthquake, but I was there, and a few years went on, and we’re still working.”

SENATE VOTES TO CONFIRM US AMBASSADOR TO HAITI AMID GANG ATTEMPT TO SEIZE POWER IN CARIBBEAN COUNTRY

The flag flies atop the Catholic Church in Haiti, rebuilt after it was destroyed in the 2010 earthquake. (Jose A. Iglesias/Miami Herald/Tribune News Service via Getty Images)

The U.S. has committed to contribute the bulk of funds for a multinational security mission from East Africa to Haiti, led by Kenya and comprised of police from various countries. The Biden administration will pledge another $33 million in general humanitarian aid to the country, bringing the total committed for the effort to $333 million – as America’s national debt tops $34.5 trillion.

U.S. Secretary of State Antony Blinken on Wednesday said the crisis “has been a long unfolding story” and will require the international community to help stabilize the country as gangs continue to run rampant.

U.S. NATIONAL DEBT TRACKER: SEE WHAT AMERICAN TAXPAYERS (YOU) OWE IN REAL TIME

Lego Investing Is Booming. Here's How It Works (2)

Violence has erupted in the neighborhood of Solino in Haiti’s capital of Port-au-Prince as frantic residents have called in to radio stations to request help. (AP Photo/Odelyn Joseph)

“Having done all this work, we should be in a place where that mission goes forward,” Blinken said. “It will, we believe, help reestablish security and take back control of the country from gangs.”

Jimmy Cherizier, known by the nickname “Barbecue,” runs a gang coalition called the G9 Family and Allies, rising to a level of influence that allows him to block sitting Haitian Prime Minister Ariel Henry from returning to the country until he agrees to resign.

PENTAGON ALERTED TO POTENTIAL ‘MARITIME MASS MIGRATION’ FROM HAITI AMID CARIBBEAN NATION’S SPIRALING CONFLICT

Brewer said he feels that many Haitians “believe that America is one of the roots of the problem,” going back to the Clintons and their rebuilding efforts following the earthquake.

“They think Washington, D.C., is controlling these leaders that are coming into the country, and, as you can see, most of the leaders are corrupt,” Brewer claimed. “They’re in, and it’s kind of the culture in Haiti: As a politician, once you get there, you get that power so you can enrich yourself.”

Lego Investing Is Booming. Here's How It Works (3)

Jimmy “Barbeque” Cherizier claimed responsibility for the jailbreak that set about 4,000 inmates loose in Haiti and the recent violence. (United Nations)

When asked about their role in the Haiti recovery, spokespersons for the former president and the secretary told Fox News Digital: “The Clintons worked tirelessly to address the needs of the Haitian people in the aftermath of the devastating earthquake. Even as their detractors have distorted and obfuscated the facts, they have never shied away from doing all they could to lift people up. It’s easy to point fingers from afar for political gain, but it impedes progress, and that’s tragic.”

An expert on Haiti told The Associated Press that after President René Préval left office in 2011, he found subsequent Haitian leaders were at best easy on the gangs and at worst tied to them.

HAITI’S FUTURE GOVERNANCE FACES STRUGGLE BETWEEN POLITICAL POWER AND GANG INFLUENCE

The gangs have gained influence throughout the previous decades, but their increasing influence and ties with the country’s political leadership allowed them to gain money through a mix of extortion, kidnappings, and drugs and weapons smuggling.

Brewer worries that even without the fear of diverting the funds, he does not have confidence that the new money will prove effective, citing the post-earthquake humanitarian aid and lack of long-lasting improvements.

Lego Investing Is Booming. Here's How It Works (4)

Haitian Prime Minister Ariel Henry attends a public lecture at the United States International University in Nairobi, Kenya, on March 1, 2024. The prime minister traveled to Kenya to push for the U.N.-backed deployment of a police force to help fight gangs in Haiti. Henry, who is facing calls to resign or form a transitional council, remains unable to return home. (AP Photo/Andrew Kasuku/File)

In a 2016 review of some of the initiatives applied to Haiti following the natural disaster, ABC News found that a $400 million garment factory that promised to create plenty of jobs for the area had ultimately “underdelivered.”

“They’re building infrastructure with no coding,” he said. “They don’t have coding, so if they get hit with another earthquake, the same thing is going to happen.”

CONGRESSMAN EVACUATES 10 AMERICANS FROM CRIME-RAVAGED HAITI, SLAMS BIDEN FOR ‘PATTERN OF ABANDONMENT’

The country struggled to cope with a cholera outbreak that started after U.N. peacekeepers accidentally introduced the disease to the island. Around 10,000 people died as a result of the disease.

Part of the issue was that money given to Haiti had already been earmarked for a number of necessary services, such as paying the Red Cross for their on-the-ground assistance, as well as other rescue services.

Lego Investing Is Booming. Here's How It Works (5)

Pedestrians walk past a soldier guarding the area of the international airport in Port-au-Prince, Haiti, on March 4, 2024. (AP Photo/Odelyn Joseph)

“The actual funds left on the ground, a lot of them got into the hands of the wrong people or the folks in power,” Brewer added, calling the recovery effort “the worst handling of a natural disaster in the history of the planet.”

“It’s been very disappointing to see the level of corruption, particularly around things that involve children and youth, and trying to get medical supplies in and out of the country … it has been very difficult,” he said.

Regarding the $333 million headed for Haiti in the coming months, the United States Agency for International Development (USAID) told Fox News Digital that “any interference in, or diversion of, humanitarian aid is unacceptable.”

“USAID takes its duty as a steward of U.S. taxpayer funding seriously and holds implementing partners to the highest standards to ensure that taxpayer funds are used wisely, effectively, and for their intended purposes,” a USAID spokesperson said. “We require our partners to have robust safeguards and risk-mitigation systems in place to ensure that principled humanitarian aid reaches those who need it most.”

CLICK HERE TO GET THE FOX NEWS APP

The agency noted that it works with humanitarian partners with “extensive experience working in challenging environments” and who have “demonstrated their commitment to stay and deliver life-saving assistance with impartiality, neutrality and independence while ensuring the safety of their staff and facilities.”

The United Nations did not respond to a Fox News Digital request for comment by the time of publication.

The Associated Press and Fox News Digital’s Michael Lee and Bradford Betz contributed to this report.

Adblock test (Why?)

Related

Lego Investing Is Booming. Here's How It Works (2024)

FAQs

How does Lego investing work? ›

Sooner or later, all Lego sets are withdrawn from the market, usually the company does this about two years after release. It's precisely this that allows their price to increase (generally by at least 150% over a few years) and makes these investments relatively reliable.

Is Lego a good company to invest in? ›

The Lego Company has been helping teach kids how to build for almost a century. The family-owned company is quite profitable. Lego is growing faster than its toy industry peers.

What is the average return on Lego investment? ›

Lego® Investment Returns

According to our analysis based on data from the Brickfact app, Lego® sets have an average annual return of 15.63% from 2011 to 2023.

Are Lego ideas sets a good investment? ›

Firstly, LEGO sets have proven to be a stable investment over time, with many sets appreciating in value significantly. This is due to various factors, such as limited edition sets, popular themes, and the rarity of certain pieces.

Is Lego better than stocks? ›

That same set he loved currently sells for $2,405. The savvy service engineer is one of a growing number of investors shelling out their hard-earned cash on plastic bricks — at a time when Lego's resale value has been growing by 11% annually and outpaced stocks, bonds, and gold, according to a 2022 study.

Is investing in LEGO smart? ›

LEGO is not just a toy but also a reasonable alternative investment with average returns comparable to stock returns, low market and crash risks, and a positive alpha.

Is LEGO doing well financially? ›

Outperformed the toy market and significantly grew market share globally. Operating profit was DKK 17.1 billion against DKK 17.9 billion in 2022 as the company accelerated spending on strategic initiatives to support growth. Operating profit grew 7 percent in H2 vs. H2 2022.

How much can you make LEGO investing? ›

Is it profitable to invest in Lego® sets? Yes, investing in Lego® sets can be very profitable. Studies show that Lego sets can generate average annual returns of up to 15.63%.

Is LEGO more profitable than gold? ›

It may be more lucrative to invest in collectible LEGO sets than in gold, study finds LEGO, the world's largest toy maker, is quietly building its reputation as a good investment as select unopened Lego sets have an average annual return of 11%. That's more than gold.

What's the profit margin on Legos? ›

Net profit margin -11% YoY. US$786m spend on licensing, up 22.3% Raw materials cost up 24.4%, Sales & Distribution (read discounting) up 27%, and Production costs up 20%

What to invest in LEGO? ›

To maximise your potential returns, consider investing in carefully researched Exclusive, retiring or retired LEGO sets. These sets are typically available in more limited quantities and 'Exclusives' (only sold at official LEGO stores/domains) often feature unique minifigures, rare pieces, or exclusive packaging.

Do people make money from Lego ideas? ›

Lego Ideas (formerly known as Lego Cuusoo and stylized in start case) is a website run by Chaordix and The Lego Group, which allows users to submit ideas for Lego products to be turned into potential sets available commercially, with the original designer receiving 1% of the royalties.

Will LEGO increase in value? ›

Over the years, the value of LEGO has not stopped increasing. A combination of factors has contributed to this: inflation, successful brand partnerships, movie deals, and IP diversification. LEGO is now considered an even better investment than gold, according to a study.

Is investing in Lego smart? ›

LEGO is not just a toy but also a reasonable alternative investment with average returns comparable to stock returns, low market and crash risks, and a positive alpha.

How much can you make Lego investing? ›

Is it profitable to invest in Lego® sets? Yes, investing in Lego® sets can be very profitable. Studies show that Lego sets can generate average annual returns of up to 15.63%.

Is Lego Creator a good investment? ›

How do Lego® returns compare to traditional investments? Lego® sets can outperform traditional investments. For example, the Lego Creator Expert Modular Building "Café Corner" achieved an annual return of 23.10%.

Can you make money from Lego ideas? ›

Lego Ideas (formerly known as Lego Cuusoo and stylized in start case) is a website run by Chaordix and The Lego Group, which allows users to submit ideas for Lego products to be turned into potential sets available commercially, with the original designer receiving 1% of the royalties.

Top Articles
10 Money Saving Swap Parties Thrifty People Throw
How to Get Out of Debt Quickly
Lowe's Garden Fence Roll
Terrorist Usually Avoid Tourist Locations
News - Rachel Stevens at RachelStevens.com
Wizard Build Season 28
Obituary (Binghamton Press & Sun-Bulletin): Tully Area Historical Society
Www Thechristhospital Billpay
Sotyktu Pronounce
Labor Gigs On Craigslist
Kitty Piggy Ssbbw
Xxn Abbreviation List 2023
111 Cubic Inch To Cc
Curry Ford Accident Today
FDA Approves Arcutis’ ZORYVE® (roflumilast) Topical Foam, 0.3% for the Treatment of Seborrheic Dermatitis in Individuals Aged 9 Years and Older - Arcutis Biotherapeutics
Allentown Craigslist Heavy Equipment
Acts 16 Nkjv
Culver's Flavor Of The Day Taylor Dr
Directions To Cvs Pharmacy
Craigslistodessa
Silky Jet Water Flosser
The Boogeyman (Film, 2023) - MovieMeter.nl
Enduring Word John 15
Hrconnect Kp Login
Angel Haynes Dropbox
My Reading Manga Gay
Alima Becker
Homewatch Caregivers Salary
Pch Sunken Treasures
Baldur's Gate 3 Dislocated Shoulder
Flixtor Nu Not Working
ShadowCat - Forestry Mulching, Land Clearing, Bush Hog, Brush, Bobcat - farm & garden services - craigslist
Devotion Showtimes Near Mjr Universal Grand Cinema 16
SOC 100 ONL Syllabus
KM to M (Kilometer to Meter) Converter, 1 km is 1000 m
Dying Light Nexus
Chatropolis Call Me
Trap Candy Strain Leafly
Restored Republic June 6 2023
Actor and beloved baritone James Earl Jones dies at 93
Winta Zesu Net Worth
Grizzly Expiration Date Chart 2023
Watch Chainsaw Man English Sub/Dub online Free on HiAnime.to
Comanche Or Crow Crossword Clue
Petra Gorski Obituary (2024)
Alba Baptista Bikini, Ethnicity, Marriage, Wedding, Father, Shower, Nazi
Perc H965I With Rear Load Bracket
Europa Universalis 4: Army Composition Guide
Aznchikz
Hcs Smartfind
Access One Ummc
Latest Posts
Article information

Author: Dean Jakubowski Ret

Last Updated:

Views: 6131

Rating: 5 / 5 (70 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Dean Jakubowski Ret

Birthday: 1996-05-10

Address: Apt. 425 4346 Santiago Islands, Shariside, AK 38830-1874

Phone: +96313309894162

Job: Legacy Sales Designer

Hobby: Baseball, Wood carving, Candle making, Jigsaw puzzles, Lacemaking, Parkour, Drawing

Introduction: My name is Dean Jakubowski Ret, I am a enthusiastic, friendly, homely, handsome, zealous, brainy, elegant person who loves writing and wants to share my knowledge and understanding with you.