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 hoped he'd be a millionaire after rare meteorite hits his home. But now, he lives in fear instead

Inititally, reports claimed that it sold for $1.8 million which changed as the the dust cleared up.
UPDATED DEC 17, 2024
Representative image of a meteorite | Cover image source: | Getty Images | Oscar Sánchez Photography
Representative image of a meteorite | Cover image source: | Getty Images | Oscar Sánchez Photography

An Indonesian man supposedly became an instant millionaire after a meteorite crashed through his roof.  A humble coffin maker Josua Hutagalung was working next to his house when the metorite smashed into his living room. While initial reports suggested that the space rock sold for $1.8 million, the BBC later found that the number was a result of miscalculation and the actual amount may not be even close to a million dollars. Following the massive media attention and misreporting, Hutagalung had to spend his days in fear for his life while fending off interview requests.



 

Hutagalung, who lived in a village in Sumatra, was minding his own business when he heard a noise followed by a loud crash coming from his house. He mustered up the courage to go look and found a large unknown object had crashed through his metal roofing and buried itself deep in the floor. 

He told BBC's Indonesian service that when he found the rock it was still warm, which made him think that it was from outer space. Hutagalung then dug up the boulder which weighed about 4.4lb (2kg). 

Representative image showing a meteorite shooting through the sky (Image source: Pexels | Pavel Polyakov)
Representative image showing a meteorite shooting through the sky (Image source: Pexels | Pavel Polyakov)

Since it wasn't a normal occurrence, Hutagalung took to social media to share pictures of the rock, which is when the news began to travel beyond his village and across borders. 

Several collectors got interested but due to COVID-19 restrictions, nobody could get down to Indonesia. Some got in touch with US meteorite enthusiast Jared Collins, who was living in Indonesia.

He met Josua and authenticated the boulder. Soon the space rock and some other pieces of it were sold to a buyer in the US for an undisclosed amount. Some pieces even landed on eBay in the US which triggered speculation over the sale. 

As per the BBC, the $1.8 million estimate came from a miscalculation of the value based on prices put up on eBay. The asking price for a 0.3g rock was $285 and the price for a bigger rock that weighed 33.68g was $29,120. Thus, the average price per gram comes out to be $860. This multiplied by the total weight of the larger boulder gives the estimate of $1.8 million. 



 

"When I read that figure, I had to laugh," Laurence Garvie, a research professor at the School of Earth and Space Exploration at Arizona State University, told the BBC. The expert shared that no collector would pay that much for a meteorite and it may sell in the thousands but definitely not in millions. 

Josua initially told the BBC’s Indonesia service that he sold the large rock for a little over $14,000. However, the intermediary, Collins did not reveal or confirm the price, which means both figures of $1.8 million and $14,000 may not be true. 

In a rare in-person interview, Hutagalung told VICE World News that he had lived in fear for his life as criminals thought he had actually become a millionaire. He shared that he spent days rejecting interview requests as well. 

“I’m afraid my child will be kidnapped because they think I’m already rich, and they will ask for ransom,” he told VICE. He said he was still living in the same home which was still ordinary, indicating that he didn't get a million dollars. If he actually had the money, “I would recruit at least five security guards” for protection, he added.

This article originally appeared 2 months ago.

MORE ON MARKET REALIST
It was hard for Harvey to digest what he was hearing from the senior players.
59 minutes ago
The best friends, Hanna Chung and Laura Tarpley, got tricked by just one word in the end.
20 hours ago
The player, Shannon Hunt got the host excited before missing the puzzle by a few letters.
22 hours ago
The founder of Hairfin managed to make it through the heckling to get a deal.
23 hours ago
The player, Jeff Richardson put up a stunning performance to drive home a new car.
1 day ago
Since Kevin O'Leary made the offer just to mess with Corcoran, the deal hit the Shark where it hurts.
1 day ago
Harrison chose to pass on the most important item of the collection for a strange reason.
2 days ago
The contestant, Alexa Kalanz was doing well throughout the game despite a rough start.
2 days ago
Despite having just 25% ownership of her company, Meagan Bowman managed to bag a $400,000 deal.
2 days ago
In the end, Harrison felt like he hit the jackpot as he knew every collector would be after the item.
3 days ago
Former players and audience members shared how the show deals with controversial statements.
3 days ago
Fans were divided on whether Adam Wredberg's Bonus Round puzzle was solvable or not.
3 days ago
The lucky win delighted the fans as the contestant, Sunita Baru took home more than $50,000.
4 days ago
Chris and Jeanie Rodgers didn't just beat up the zombie on the show, but also had him present their product to the judges.
4 days ago
Fans on Reddit complained complained that some games are either overly difficult by design or favor only physically fit contestants.
5 days ago
Contestant Joey Sweet took the loss in stride, but the show's viewers weren't happy with the puzzle selection.
5 days ago
A lot of things on set were put to the test during the "Is it real or is it cake?" challenge, including the host.
5 days ago
Fans were left disappointed after the contestant, Alicia Slagle, failed to guess an easy phrase in the finale.
6 days ago
Jackie Fakhoury was also joined by her husband and son in celebration on stage.
6 days ago