Professional sports' first billionaire
Thursday, March 01, 2007
This story is pretty amazing. Los Angeles Dodgers journeyman pitcher Matt White has only appeared in seven big league games in nine professional seasons, yet he could become baseball's first billionaire player."It has nothing to do with his arm. He owns a rock quarry in western Massachusetts.
White paid $50,000 three years ago to buy 50 acres of land from an elderly aunt who needed the money to pay for a nursing home.
While clearing out a couple acres to build a home, he discovered stone ledges in the ground, prompting him to have the property surveyed.
A geologist estimated there were 24 million tons of the stone on his land. The stone is being sold for upward of $100 per ton, meaning there's well over $2 billion worth of material used for sidewalks, patios and the like." Read the full story.
Labels: sport
posted by Michael Tavani @ 10:46 PM |
