ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Man finds $7.5 million inside a storage unit he bought for $500 — Then, the former owner returned

Even though the buyer wasn't able to keep all of it, he did walk away with a massive profit.
UPDATED JAN 4, 2025
Dan Dotson at A&E's 'Storage Wars' Lockbuster Tour and representational image of cash in a bag (Cover image sources: Getty Images and X post by @DanDotson)
Dan Dotson at A&E's 'Storage Wars' Lockbuster Tour and representational image of cash in a bag (Cover image sources: Getty Images and X post by @DanDotson)

Storage spaces are meant for items that one rarely uses or just memories, but no one expects to find a hidden treasure in there. But destiny had something different planned for a man who bought a storage space for merely $500 but walked home with millions as a return on his investment. The story of this lucky buyer who was surprised to find a pile of cash was also narrated by "Storage Wars" star Dan Dotson.

Laura Dotson and Dan Dotson attend A&E's 'Storage Wars' Lockbuster Tour | Getty Images | Photo by Tibrina Hobson
Laura Dotson and Dan Dotson attend A&E's 'Storage Wars' Lockbuster Tour (Image source: Getty Images | Photo by Tibrina Hobson)

Finding Cash Amidst Trash

Dotson who operates his own auction house and frequently stars in Storage Wars on A&E, revealed in an online video how a woman approached him with the story of a friend who purchased a storage unit, auctioned off by him.



 

The woman shared that her friend found a mysterious safe inside the storage unit that they couldn't open. Dotson recalled the woman saying that the first professional they called couldn't do it but a second person did it.

“When that person opened it up, inside the safe, normally they’re empty, but this time it wasn’t empty, it had $7.5 million cash inside,” Dotson revealed.



 

Dotson and his wife, Laura went on to speculate where the money would've come from. "Credit card went bad, it was finished, they moved away, perhaps the person went to jail... who knows what it was," Laura said. While the finder may have thought they struck gold, the story didn't end as they would've wanted. 

Here's the Catch

Dotson further revealed that when the original owners of the unit heard about the cash, they quickly contacted the new owner. Dotson says that they initially offered the buyer of the unit $600,000 to return the money, and then doubled it to $1.2 million. Finally, the two parties reached a settlement and the buyer walked away with almost $1.5 million in profit on a $500 investment.



 

Dotson said that he too would have taken the $1.2 million reward with no questions asked. This was because he felt that it wasn't clean money and he wouldn't want to find out how far the former owners would go to get their money back. “$7.5 million is a lot of money… but that’s a lot of running, too," he said. 

While this incredible discovery wasn't featured on "Storage Wars," similar incredible discoveries have made it to the reality show over the years. For instance, in season 3, Darrell "The Gambler" Sheets lucked out similarly on a $3,600 storage unit. While looking through the items to recoup their investment, Sheets and his partner found paintings from a renowned Mexican artist Frank Gutierrez.



 

Unsure of what to do with the dozens of paintings, Sheets called in an expert to get a fair valuation. The expert immediately acknowledged the remarkable find and noted that there was a large part of Gutierrez's work stored in the unit.

When sheets asked about the value of the painting, the expert took a moment to say that it could be worth a whopping $300,000. This prompted Sheets to flip his $3,600 unit for hundreds of thousands of dollars in profit.

This article originally appeared 2 months ago.

MORE ON MARKET REALIST
The contestant, Melissa Mosel got a raw deal with her category choice and letter picks.
18 hours ago
Both McMillion and John Furner, the next CEO of Walmart, touted the retailer's success with AI.
22 hours ago
A single batch of Jeni's Splendid Ice Cream bars contain undeclared allergens in them.
3 days ago
With rising food, energy, and healthcare costs, state leaders are calling out the trade policies.
4 days ago
Harvey said it in response to another player who came up with an awkward answer.
4 days ago
The player, Greg Swiszcz lost a Toyota on a puzzle that previously cost a player $100,000.
4 days ago
John Furner, who serves as the Walmart US CEO will be tasked with leading an AI push at Walmart.
5 days ago
The contestant Matt Lee drove home a brand new Toyota RAV4 Hybrid after his big win.
5 days ago
The contestant, Sarah was already overwhelmed after making it to the big stage.
6 days ago
The contestant, a magician, tried to steal the watch before he lost a Toyota SUV in the Bonus Round.
6 days ago
The Coast Guard Veteran, Josh Post flubbed the final puzzle to lose out on the big prize.
7 days ago
Two pre-packaged Caesar's Salad items have been recalled over contamination concerns.
7 days ago
Harvey decided to act out the scenario which the contestant thought would be inappropriate.
Nov 14, 2025
The contestant, Ron Sheppard was inches away from solving the Bonus Round puzzle.
Nov 14, 2025
In a major breach, the systems of Mobile Commons that serves the New York State were compromised
Nov 14, 2025
Playing "The Lion's Share", Riley Shepherd won big with just two lucky picks.
Nov 14, 2025
The new legislation will allow federal workers to quickly get back to work.
Nov 13, 2025
The player, Gary, won a brand new Toyota on his 50th wedding anniversary.
Nov 12, 2025
When a bald man came up with a strange answer, Harvey roasted his entire team.
Nov 12, 2025