On July 7, 1958, a record enters the U.S. charts. It holds the unique distinction of being the very first record to reach #1 on the newly created Billboard Hot 100. The singer is Ricky Nelson. The first record to reach # 1 on the Billboard Hot 100 is “Poor Little Fool.” The 45 on Imperial is worth no more than $20.00 but the 78 version can sell for $125.00 today.