284
all 45 comments
sorted by: hot top new old
[-] k0e3@lemmy.ca 30 points 4 months ago* (last edited 4 months ago)

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 45 points 4 months ago

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 points 4 months ago

Chap never heard of tupperware apparently.

[-] acockworkorange@mander.xyz 7 points 4 months ago

Rats can chew through cement.

[-] CanadaPlus@futurology.today 1 points 4 months ago

No way. Really? That can't be much softer than their teeth.

[-] acockworkorange@mander.xyz 1 points 4 months ago

Their teeth continually grow, and cement (not concrete) is not that hard to abrade away.

[-] CanadaPlus@futurology.today 1 points 4 months ago* (last edited 4 months ago)

Yeah, sand definitely is much harder than teeth (which in a normal vertebrate are based on apatite, at a Mohs hardness of 5). If it's abrasion, that explains a bit, although it's going to be much slower than an actual cutting action. A quick search indicates cement is at Mohs 5-7, so you theoretically could chew through an unusually soft sample.

[-] acockworkorange@mander.xyz 1 points 4 months ago

It absolutely abrades the teeth faster than the cement, but rats are very social creatures. The point is that the Tupperware doesn't stand a chance against even a single rat.

[-] CanadaPlus@futurology.today 2 points 4 months ago

You could also go with metal or stone, like an actual vault, but we both thought of tupperware. Go figure.

[-] acockworkorange@mander.xyz 5 points 4 months ago

The District of Columbia isn't that warm.

[-] kopasu22@lemmy.world 3 points 4 months ago

Maybe they meant the city from Bioshock Infinite. But I would think being at that elevation would make things colder, if anything.

[-] PugJesus@piefed.social 27 points 4 months ago

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 points 4 months ago

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 points 4 months ago
[-] usrtrv@sh.itjust.works 10 points 4 months ago

It being the literal cash.

[-] grte@lemmy.ca 6 points 4 months ago

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 points 4 months ago

It looks like "it" is money, USD specifically judging by the $ in the meme.

[-] idiomaddict@lemmy.world 20 points 4 months ago

To be fair, that’s 10%. That’s nuts.

[-] ExLisper@lemmy.curiana.net 3 points 4 months ago

$2.1B a year

$420M a week

I don't think that's 10%.

[-] idiomaddict@lemmy.world 20 points 4 months ago

420M*52 weeks =21,840M =21.84B

Is it not?

[-] zo0@programming.dev 5 points 4 months ago

How much is that after taxes?

[-] Zanshi@lemmy.world 10 points 4 months ago

You sure he paid taxes on his illegal coke business?

[-] ExLisper@lemmy.curiana.net 2 points 4 months ago

You're technically correct. The best kind of correct.

[-] x00z@lemmy.world 4 points 4 months ago

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 = 9.582477755

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 points 4 months ago

He cumulated the money for more than 52 weeks

[-] idiomaddict@lemmy.world 7 points 4 months ago

But he lost 2.1B every year, so for every 52 week period

[-] ptu@sopuli.xyz -2 points 4 months ago* (last edited 4 months ago)

Yes, but losing 10% of an asset typically refers to total asset value, not revenue.

[-] idiomaddict@lemmy.world 6 points 4 months ago

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 points 4 months ago

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.

[-] idiomaddict@lemmy.world 3 points 4 months ago

I compared the size of the two numbers I was given. I didn’t call them equivalent, I didn’t say they described the same thing. I only even used the word revenue after you did, because I was using zero context to compare the numbers (I just like numbers and it popped out to me that it was 10%)- it wasn’t until you said revenue that it occurred to me that he probably would have reinvested much of that money and it wasn’t just profit.

That said, now that I am thinking about it, he didn’t exactly have access to non cash investment or value storage options. I wonder if there was much of a difference between the total money coming in and the total cash coming in.

[-] ptu@sopuli.xyz 1 points 4 months ago* (last edited 4 months ago)

Yes I know, you divided number one with number two and did the math right. I’m just saying that in the general world of business metrics comparing those numbers is not really a common practice.

Edit. For comparison, you might have a car that loses 5k of its value in a year and you work and get paid 50k a year. Surely that 5k depreciation is 10% of your yearly income, but typically you count that per cent from the value of the car instead.

[-] PugJesus@piefed.social 15 points 4 months ago
[-] FuglyDuck@lemmy.world 8 points 4 months ago

This is, to be fair, most billionaires.

Assholes the lot of them.

[-] kandoh@reddthat.com 6 points 4 months ago

Imagine making that sort of money and just buying hippos with it

[-] ohulancutash@feddit.uk 3 points 4 months ago

He bought a country with it first

[-] CanadaPlus@futurology.today 4 points 4 months ago* (last edited 4 months ago)

What got eaten by rats? Were those rats living on pure cocaine somehow?

[-] PugJesus@piefed.social 4 points 4 months ago

Cash, delicious, delicious paper

[-] CanadaPlus@futurology.today 4 points 4 months ago* (last edited 4 months ago)

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 points 4 months ago
[-] CanadaPlus@futurology.today 1 points 4 months ago

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 points 4 months ago

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 points 4 months ago

Nah, that shit was stolen.

[-] CanadaPlus@futurology.today 2 points 4 months ago

Honestly, when your whole organisation is hardened criminals <10% grift is pretty impressive.

[-] frog@feddit.uk 1 points 4 months ago

That's less than retail store losses due to theft. Lol.

this post was submitted on 03 May 2026
284 points (99.7% liked)

History Memes

2972 readers
44 users here now

A place to share history memes!

Rules:

  1. No sexism, racism, homophobia, transphobia, assorted bigotry, etc.

  2. No fascism (including tankies/red fash), atrocity denial or apologia, etc.

  3. Tag NSFW pics as NSFW.

  4. Follow all Piefed.social rules.

  5. History referenced must be 20+ years old.

  6. Avoid posting AI-generated content whenever possible.

Banner courtesy of @setsneedtofeed@lemmy.world

OTHER COMMS IN THE HISTORYVERSE:

founded 1 year ago
MODERATORS