Bill Rancic Defends His Wife Giuliana After Fashion Police Controversy: 'I Tried to Get Them to Release the Footage' 41 years, 2,185 covers and 55,435 stories from PEOPLE magazine's history for you to enjoy
- Meghan Trainor Cancels Concerts, on 'Complete Vocal Rest' Due to Vocal Cord Hemorrhage
- Read the Cover Story: Growing Up Kennedy!
Exclusive Family Photos from White House Nanny
- Tracy Morgan Visits Disney World as He Celebrates Daughter's Birthday
- Ben Affleck and Jennifer Garner on Family Vacation After After Announcing Divorce
- Sean 'Diddy' Combs Won't Face Felony Charges Over UCLA Scuffle
On Newsstands Now
- Matthew McConaughey: In His Own Words
- Jessa Duggar's Wedding Album
- Brittany Maynard's Final Days
Pick up your copy on newsstands
Click here for instant access to the Digital Magazine
People Top 5
LAST UPDATE: Tuesday February 10, 2015 01:10PM EST
PEOPLE Top 5 are the most-viewed stories on the site over the past three days, updated every 60 minutes
- April 28, 1980
- Vol. 13
- No. 17
Richard Fryburg, 24, began designing a new type of underwater inflatable flotation bag following a thwarted two-summer attempt to raise a sunken tugboat from the bottom of Narragansett Bay. After experimenting with cumbersome steel tanks, he finally fell upon the idea of using scrap rubber. Now his two-year-old company, Subsalve Industries, Inc. of Providence, R.I., supplies the Navy, Coast Guard and world with synthetic flotation devices that, when strapped to a submerged object and inflated with air from the surface, can raise anything from a ship to an airplane. By July Fryburg expects sales to pass the $1 million mark—not bad for an original investment of $1,000. Richard, a native of Worcester, Mass., began snorkeling at age 12, and during his high school years lived on his family's 40-foot cabin cruiser. After graduating from Long Island's Southampton College with a marine geology degree, he is now enrolled in the MBA program at Bryant College in Smithfield, R.I. (His father is a business consultant.) Fryburg saved enough money to buy his own 32-foot pleasure boat—only to have it sink when he was trying to salvage the tug. Now, with orders coming in from Singapore, Saudi Arabia and the North Sea, Fryburg predicts that Subsalve could eventually gross $100 million annually. "We're in a very comfortable position," he smiles, "with very limited competition."
Treat Yourself! 4 Preview Issues
The most buzzed about stars this minute!