The $75 Estate: Ponzi's Impossible Math
On July 24, 1920, Charles Ponzi watched 40,000 people line up to give him money, building a financial empire that was mathematically impossible.
The $75 Estate: Ponzi's Impossible Math
This episode explores the spectacular financial rise of Charles Ponzi, who built an empire taking in a million dollars daily, only to die with an estate worth $75. How could a structure so successful be guaranteed to fail from its first dollar?
Person: Charles Ponzi
Date: July 24, 1920
Location: Boston
Estate Value: $75
Peak Daily Intake: One million dollars
- Charles Ponzi arrived in Boston with two dollars…
The skinny
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