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Beanie Babies 'investment' ends in bankruptcy

abcnews.go.com Published: July 27, 2013
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Way back in the early 90s, the country was gripped by a mania for brightly colored miniature stuffed animals that flew off shelves: Beanie Babies.


Launched in 1993, the original line featured nine animals —including Legs the Frog, Spot the Dog, Chocolate the Moose, Patti the Platypus—that became so popular that its parent company, Ty Warner, Inc., (now Ty Inc)., amassed a reported $6 billion fortune.

But not everyone fared as well.

ABC News reports a documentary burning up the Internet, "Bankrupt By Beanies," shows how the Robinson family of Los Angeles was swept up in the Beanie craze, shelling out as much as $100,000 on the tiny toys in the hopes that their collection would one day become valuable enough to put five kids through college.

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