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.
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.
was cash ever actual paper? I'm pretty sure the US dollar has been cotton since it was first created, only actual paper money i can think of would be proto-cash in the form of bonds and whatnot.
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.
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.
42 Comments
k0e3@lemmy.ca · 31 pts · 93d
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!
vrek@programming.dev · 44 pts · 93d
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.
ohulancutash@feddit.uk · 13 pts · 93d
Chap never heard of tupperware apparently.
acockworkorange@mander.xyz · 6 pts · 93d
Rats can chew through cement.
CanadaPlus@futurology.today · 1 pts · 92d
No way. Really? That can't be much softer than their teeth.
CanadaPlus@futurology.today · 2 pts · 92d
You could also go with metal or stone, like an actual vault, but we both thought of tupperware. Go figure.
acockworkorange@mander.xyz · 5 pts · 93d
The District of Columbia isn't that warm.
kopasu22@lemmy.world · 3 pts · 93d
Maybe they meant the city from Bioshock Infinite. But I would think being at that elevation would make things colder, if anything.
luxadazy@lemmy.zip · 1 pts · 92d
columbia, missouri
PugJesus@piefed.social · 26 pts · 93d
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.
Swedneck@discuss.tchncs.de · 2 pts · 93d
was cash ever actual paper? I'm pretty sure the US dollar has been cotton since it was first created, only actual paper money i can think of would be proto-cash in the form of bonds and whatnot.
PugJesus@piefed.social · 9 pts · 93d
Cotton paper is still paper.
usrtrv@sh.itjust.works · 9 pts · 93d
It being the literal cash.
grte@lemmy.ca · 6 pts · 93d
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.
nocturne@slrpnk.net · 6 pts · 93d
It looks like "it" is money, USD specifically judging by the $ in the meme.
idiomaddict@lemmy.world · 19 pts · 93d
To be fair, that’s 10%. That’s nuts.
ExLisper@lemmy.curiana.net · -1 pts · 93d
$2.1B a year
$420M a week
I don't think that's 10%.
idiomaddict@lemmy.world · 19 pts · 93d
420M*52 weeks =21,840M =21.84B
Is it not?
zo0@programming.dev · 3 pts · 93d
How much is that after taxes?
Zanshi@lemmy.world · 10 pts · 93d
You sure he paid taxes on his illegal coke business?
ExLisper@lemmy.curiana.net · 2 pts · 93d
You're technically correct. The best kind of correct.
x00z@lemmy.world · 3 pts · 93d
I think this is technically more correct:
Which means it's 9.58% rounded down to 2 decimals.
(This is using the common definition of a year and not a "tropical year")
ptu@sopuli.xyz · -2 pts · 93d
He cumulated the money for more than 52 weeks
idiomaddict@lemmy.world · 7 pts · 93d
But he lost 2.1B every year, so for every 52 week period
ptu@sopuli.xyz · -2 pts · 93d
Yes, but losing 10% of an asset typically refers to total asset value, not revenue.
idiomaddict@lemmy.world · 6 pts · 93d
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.
ptu@sopuli.xyz · 1 pts · 93d
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.
PugJesus@piefed.social · 14 pts · 94d
https://en.wikipedia.org/wiki/Pablo_Escobar
FuglyDuck@lemmy.world · 8 pts · 93d
This is, to be fair, most billionaires.
Assholes the lot of them.
kandoh@reddthat.com · 6 pts · 93d
Imagine making that sort of money and just buying hippos with it
ohulancutash@feddit.uk · 3 pts · 92d
He bought a country with it first
CanadaPlus@futurology.today · 4 pts · 93d
What got eaten by rats? Were those rats living on pure cocaine somehow?
PugJesus@piefed.social · 4 pts · 93d
Cash, delicious, delicious paper
CanadaPlus@futurology.today · 4 pts · 93d
Ah. I'm surprised there's any calories in that for a non-ruminant.
Bro, get some Tupperware or something. Sure you're still unimaginably rich, but there's a principle to it!
ohulancutash@feddit.uk · 2 pts · 92d
They nest with it
CanadaPlus@futurology.today · 1 pts · 91d
That would make more sense. I imagine it would also be good just to wear down their teeth if there's nothing else available.
MousePotatoDoesStuff@piefed.social · 3 pts · 93d
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).
frog@feddit.uk · 2 pts · 93d
Nah, that shit was stolen.
CanadaPlus@futurology.today · 2 pts · 92d
Honestly, when your whole organisation is hardened criminals <10% grift is pretty impressive.
frog@feddit.uk · 1 pts · 92d
That's less than retail store losses due to theft. Lol.