The 25 Worst Mistakes In History
But mistakes come in many forms.
We tracked down the inflation-adjusted damages of some of the worst mistakes ever, including terrible mergers, oil spills and illicit sexual affairs.
Tiger Woods sleeps with multiple women who aren't Elin Nordegren
Divorce settlement in 2010: $110 million
At the end of in 2009, America was shook by reports that Tiger Woods had engaged in multiple illicit sexual affairs. Within a year, Tiger agreed to a $750 million divorce settlement with Elin Nordegren.
Total cost of this mistake was even higher if you include stock loss for Nike, Gatorade and other sponsors. One professor put the cost as high as $12 billion.
Captain Edward Smith crashes the Titanic into an iceberg
Money lost in 1909: $7.5 million in shipbuilding costs
Inflation-adjusted: $168 million
The passenger liner, The Titanic, sunk on its maiden voyage from England to the United States in 1912. The Titanic was known as the unsinkable ship, specifically designed to make the long journey to America with no possible chance of sinking.
But one night, the ship crew ignored warnings of icebergs in their path and went onward. The ship hit an iceberg and scraped the entire right side, causing the boat to sink and killed 1,517 people.
An elderly man throws away a Euromillions lottery ticket
Loss in 2010: $181 million
A woman in England who played the lottery every week picked the correct numbers to win the Euromillions, but her husband threw the ticket away. The elderly woman knows she picked the winning numbers because she writes them down on a separate sheet of paper each week before she turns the ticket over to her husband.
See the rest of the story at Business Insider
For the latest news, visit Business Insider. Follow us on Twitter and Facebook.
See Also:
- 11 Shocking Facts About Colombia's $10 Billion Drug Industry
- The 7 Most Influential People Under 25
- A Chilling Photo Comparison Of Chernobyl And Fukushima