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Did you know that wallets are called billfolds? This was because paper money is folded to fit within it. This usage dates back to the 1830's in America although leather pouches to store paper money and other financial documents were in common use as far back as at least the 1600's.
Did you know that modern bi-fold and tri-fold wallets became popular after the introduction of credit cards and standardized drivers licenses in the 1950's? The multiple card slots became necessary to hold and protect the new charge cards and licenses. Before that, gentlemen usually carried a money clip for paper money and a coin purse for coins.
Did you know that a breast wallet is sometimes called a "secretary wallet" or a "passage wallet"? A breast wallet is a wallet where the bills are not folded, thus it is too large to fit into the typical trouser pocket. These wallets are intended for use with a jacket pocket in a man's suit or for a ladies handbag.
Did you know that the Bi-fold wallet is the most popular type of men's wallet? It has become the most popular because it is the most comfortable design for a gentleman's seat pocket.
Did you know that Coach began as a family-owned business New York City in 1941? Today Coach has over 10,000 employees, is listed on the New York Stock Exchange and had over 2 Billion dollars in sales in 2007. Coach is now one of the most popular upscale purse and wallet companies in the world.
Did you know that Louis Vuitton was founded in 1854 in Paris and is one of the oldest fashion houses still in existence? Even though they've been around for over a century they didn't air their first television commercial until 2007.
Did you know that Nautica products are sold in more than 64 countries? The company has more than 170 Nautica branded stores as well as their products being sold by many other companies. The VF Corporation has been the corporate parent company of Nautica since 2003 when they purchased the company from David Chu for $1 Billion.
Did you know that the venture capital to start Guess came from the owners of the Jordache jeans company? Guess has been know for its association with a number of supermodels and celebrities including Claudia Schiffer, Drew Barrymore, Anna Nicole Smith and Paris Hilton
Did you know that Tommy Hilfiger no longer owns the company that bears his name? He sold out in 2006 to a private investment firm to the tune of $1.6 Billion.
Did you know that at its founding, Kenneth Cole masqueraded as a movie production company in order to land a badly need permit from the New York City mayor's office? Kenneth Cole is also known for his social activism and often quirky commercials.
Did you know that the Italian fashion firm Gucci was actually owned by a French conglomerate? In spite of their troubled financial history Gucci is an upscale fashion icon, having been mentioned in many songs and movies for over 6 decades.
Did you know that the term 'wallet' originated with the ancient Greek word 'kibisis' that was used to describe a bag or sack used to carry valuables?
What are the most common wallet designs?
Bi-Fold Wallets - These wallets have only one fold and generally have a currency compartment, credit card slots and an ID holder.
Tri-Fold Wallets - These wallets have two folds and generally have the same configuration as a bi-fold in a more compact, but fatter, package
Checkbook or Purse Wallets - These wallets are designed for a woman to carry in her purse or for a gentleman to carry in a coat pocket. They do not fold and may have compartments for coins, checkbooks, pictures and so forth as well as compartments for cash and credit cards.
Pocket Wallets - These wallets are smaller, sleeker, versions of the bi-fold wallet that hold less but are more fashionable
Money Clips - These are generally metal clips that hold folded currency, sometimes with leather ornamentation or with a small holder for an ID
ID Wallets - These are small wallets designed to hold a single ID. These are often used by police officers and other law enforcement officials