How Mount Everest became a multimillion-dollar business
It's one of Nepal's most valuable commercial assets - so where is all the money going? "In the last 20 years, Everest has seen nearly a 10x increase in traffic — with more than half of all 10,055 summits coming in the last decade. In 2019 alone, a record-setting 876 summiteers caused a traffic jam that contributed to 11 fatalities." Zachary Crockett, writing in the Hustle, explains why growing crowds have turned the world’s tallest mountain into an immensely profitable business.
From The Hustle