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
Harvey was sure tha the player, Darren didn't want to be on the show at all.
1 hour ago
The unexpected collaboration aims to solve a long-standing home surveillance issue.
3 hours ago
The co-founders of Y'all Sweet Tea blew away the Sharks with their incredible numbers.
22 hours ago
From his lips to his bald head, Harvey has to defends all sort of jabs.
1 day ago
The woman who gifted the painting to the owners had earlier sold it to another dealer as she couldnt sleep at night.
2 days ago
When it came to naming something of Harvey they would want to touch, the players didn't hold back
3 days ago
Rick Harrison's go to expert warned him not to touch it with a "10 foot pole."
3 days ago
The massive manufacturer has been operational for more than a hundred years now.
4 days ago
While the player was overwhelmed with emotion, host, Drew Carey was left hanging for a handshake.
6 days ago
Turns out, the guest's father was the renowned artist, Demetrios Jameson.
6 days ago
While the player, Rodney Flippen took the loss on the chin, fans were left heartbroken.
6 days ago
Harvey was stunned to see that Lisa would risk her marriage to get the top answer.
7 days ago
The outbreak has been linked to four deaths, and 19 hospitalizations, according to the CDC.
7 days ago
The President and CEO of Walmart, Doug McMillion expressed that AI will "literally change every job."
7 days ago
While the seller was confident that the instrument was ever so valuable, Harrison begged to differ.
Oct 1, 2025
The 54th season of the show has begun with a brand-new game, but fans fear it could be rigged.
Sep 30, 2025
The guest had absolutely no idea that the Ching Dynasty snuff bottle could be worth so much.
Sep 30, 2025
While Corey Harrison tried his best, the seller had other plans and stuck to it.
Sep 28, 2025
Harvey warned the contestant that she may be in a situation she can't handle.
Sep 27, 2025
In the end, the expert adviced the guest to put the item on a pedestal for the future.
Sep 27, 2025