Mistakes are a part of human life. Every Human makes mistakes in his life and learns from those mistakes and moves ahead. Humans are also said to be the ‘Statue of Mistakes’. But if we make mistakes related to money then it is not so easy to recover. Below we have discussed some of the expensive mistakes made by humans and wasted millions of dollars for every mistake.
A Million Dollar Typo by Alitalia
In 2006 Alitalia Airlines faced a huge loss of 7.7 million USD due to its silly mistake. Back in 2006 the cost of Business Class on a flight from Toronto to Cyprus was around 3900 USD but Alitalia Airlines misprinted it for just 39 USD so nearly 2000 people booked their tickets. At first the airline refused to continue the tickets but later they accepted the tickets for 39 USD. Won’t believe that due to such a silly mistake the company lost around 7.7 million USD. This was the biggest expensive mistake made by any airline ever in human history.
The Million Dollar Decimal Error
Back in the time a submarine was being constructed for the Spanish Navy but that submarine never worked for the Spanish Navy. The fixed weight for the submarine was around 7.7 tonnes but one of the engineers made a mathematical mistake or the Decimal Point Error. The engineer removed decimals from the number and printed the weight for around 77 tonnes. After the mistake was recognised the Spanish Government faced a loss of 11 million USD to recover. But even after that the submarine never worked and around 6.3 billion USD was wasted.
Never throw away your bitcoin
In 2009 a man named ‘James Howell‘ owned 7500 bitcoins. But he threw away the hard disk of his computer with his bitcoins. In 2013 bitcoin came in popularity and more and more people started investing in bitcoin. In 2013 the price of his 7500 bitcoins was around 3.5 Million USD and as of 2020 the price of his 7500 bitcoins was around 70 Million USD. This was the biggest mistake made by him and he might cry daily in any corner of his house.
Back in 2010 a woman living in Central England bought a Lottery ticket and waited for the results. When results were declared she did not feel happy even though she won a lottery of 183 Million USD. This is the biggest lottery prize ever. She did not feel happy because her husband threw the lottery ticket in the dustbin just 1 day before the results were declared.
The S.I. Unit Confusion
As we all know there are fixed units for measurement like Milli metre, centimeter, metre, kilometres, Milligram, gram, kilogram, litre and more. But Britishers uses different measurement measures called English Units like feet, inches, pounds, wounces and more. In 1999 Nasa launched Mars orbiter space mission and the directions to the satellite was given in meters and kilometres but Lockheed Martin Aerospace Company gave directions in feet and inches. And as a result the satellite was disturbed from its path and lost in space. In this project NASA’s 125 Million USD was wasted.
A Million Dollar Stock Market Typo
On 12 December 2005 a great person made a very good mistake. The J-Com company 1 stock price was around 610000 Yen (1 stock=610000 Yen). But a person in the Mizuho Company of Japan sold 610000 stocks in 1 Yen. How did he make such a great mistake, really unbelievable? Due to this mistake the company faced a huge loss of around 225 million USD.
Gold Mine for Sale
In 1867 Russia thought their land area had increased and it was difficult to control such a large area. So the government of Russia decided to sell 1.72 Million Square Kilometres to the USA for a price of 7.2 Million USD. But this was the biggest mistake made by Russia because today that land is called Alaska and has gold mines, natural gas and oil of a market value of around 200 Billion USD.