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Man Discovers More Than $7 Million Hidden In Storage Unit He Bought For $500

by Amanda Steele
2 years ago
in People & Society
Reading Time: 5 mins read
A A
100 us dollar bills in a pile

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Who doesn’t dream of finding a large sum of money? While this dream is unlikely to happen for most of us, one lucky man discovered $7 million in a storage unit he purchased for just a few hundred.

Here’s what you need to know about this lucky man and his story.

Many people purchase abandoned storage units. 

red and black striped textile the front of a storage unit
Unsplash

When someone rents a storage unit and doesn’t pay, sometimes the storage company will auction off the units to try and get back some of the lost funds.

Perhaps, you’ve seen this happen on Storage Wars, which shows dedicated storage unit buyers who hope to find unique or expensive finds inside.

Most people end up purchasing a storage unit that’s not worth much money.

empty hallway with lights turned on in the middle
Unsplash

On the TV show, they feature more interesting finds inside storage units. It’s rare in real life to find a unit that has anything worth tons of money. And, even in the television series, most people aren’t lucky enough to find millions of dollars waiting in the storage unit.

But, one man found a dream come true inside.

fan of 100 U.S. dollar banknotes
Unsplash

Dan Dotson, the auctioneer for Storage Wars, sold a storage unit to an unnamed man. Inside the unit, there were safes. But Dotson says that most of the time, safes inside units are empty. Well, not this time!

While the man only purchased the storage unit for $498, inside the safe was over 7 million bucks.

The man and his wife had experts open the safe.

a wall safe slightly open revealing coins inside
Pixabay

As they explored the storage unit, they found a locked safe. They had to enlist experts to crack it open and see what was inside. What they found was about $7.5 million dollars in cash.

While finding any money in the safe would have been exciting, it’s hard to imagine finding that much cash. It’s even harder to imagine why someone would put that much money in a storage unit and leave it there without paying the rent.

The original owners wanted the money back.

Embed from Getty Images

After the couple bought the storage unit, they received a mysterious phone call from an attorney, said Dotson. The attorney represented the original owners of the storage unit and was helping them get their money back.

The owners of the cash offered the couple $600,000 to return the rest of the money. Then, they doubled their offer to $1.2 million.

The couple returned most of the money but still made bank.

Embed from Getty Images

In a video, Dotson discussed the details of this fascinating story. He explained how the couple who found the safe returned most of the money in exchange for $1.2 million.

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So, after only paying around $500, they became millionaires!  That’s still so much money.

While they may not have received all the cash, it’s hard to complain.

Person Putting Coin in a Piggy Bank
Unsplash

While $7.5 million is still a lot more than $1.2 million, they still got extremely lucky. They could have tried to keep the money by hiring their own lawyer, but it could have been a long, drawn-out process. Perhaps they wouldn’t have been allowed to keep any of the money at all.

So, taking the offer seems like a good move.

Would you have tried to keep all the money?

Embed from Getty Images

As Dotson said in his video, “The question is would you give it back, or would you keep it and would you run for the hills, or would you look over your shoulder? What would you do?”

After all, finders keepers, right?

Tags: moneyPeople & Societystorage wars
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