What’s “it”? His products? I couldn’t find the number in the wiki.
Edit: thank you guys! It didn’t occur to be that it’s actually the cash, that’s crazy!
In reality it was actual cash money. He couldn’t use banks due to his money being gained through illegal means. He had stacks of money just laying around so much he couldn’t really secure it. Columbia is generally warm and humid so a lot of pests like rats and insects. I heard he was spending around 10k a week just on rubber bands to wrap the money into stacks of a thousands.
If you don’t know he made most of his money by selling cocaine though.
Chap never heard of tupperware apparently.
Rats can chew through cement.
The District of Columbia isn’t that warm.
Maybe they meant the city from Bioshock Infinite. But I would think being at that elevation would make things colder, if anything.
columbia, missouri
Cash. His business was illegal (naturally), and it was the 1980s, so most of his profits were in literal cash that could not really be safely put in banks in the amounts he was bringing it in. So much of it was physically stored and hidden in various safehouses… and sometimes, vermin and the elements would get at it, destroying or rotting the paper money beyond usability.
It being the literal cash.
It looks like “it” is money, USD specifically judging by the $ in the meme.
No, his literal bank notes. Due to the nature of his business he hid his money wherever he could and a percentage of it was lost to environmental factors.
To be fair, that’s 10%. That’s nuts.
$2.1B a year
$420M a week
I don’t think that’s 10%.
420M*52 weeks =21,840M =21.84B
Is it not?
How much is that after taxes?
You sure he paid taxes on his illegal coke business?
You’re technically correct. The best kind of correct.
I think this is technically more correct:
365.25 / 7 = 52.178571429 52.178571429 * 420,000,000 = 21,915,000,000 (2,100,000,000 / 21,915,000,000) * 100 = 9.582477755Which means it’s 9.58% rounded down to 2 decimals.
(This is using the common definition of a year and not a “tropical year”)
He cumulated the money for more than 52 weeks
But he lost 2.1B every year, so for every 52 week period
Yes, but losing 10% of an asset typically refers to total asset value, not revenue.
We’re not even including losses on the cocaine itself, this is all just about the revenue. He didn’t lose 10% of his business every year.
I read it that he lost a significant part if his cash assets. Revenue is a different concept. In your calculation you made the comparison with revenue.
This is, to be fair, most billionaires.
Assholes the lot of them.
Imagine making that sort of money and just buying hippos with it
He bought a country with it first
That’s about 21 billion a year (assuming 2 weeks for holidays because 50 is easier to multiply than 52, and 21 is a nicer number than 21.84).
Nah, that shit was stolen.
