15 most costly mistakes in history

15 most costly mistakes in history


I think everyone has made some mistakes, both at work and in their personal lives, but the cost of human error can be a little hard to recover, at least in terms of the economy.

From a typo on an $80 million bill, to a $15 billion train order that didn’t go through, to a lottery ticket that was nearly lost forever, we uncovered the most costly mistakes of all time. I tried. The next time you enter a number incorrectly or throw something away and regret it later, you won’t be left with an exorbitant bill, unlike the millionaire’s mistake I introduced this time. Thank you for

Whether it’s a business mistake like selling stock at the wrong time or a rudimentary design flaw you unfortunately overlooked, here are the 15 most expensive mistakes ever made. So read on…

1. The French Railway Company Ordered the Wrong Train

15 billion euros

When the French railway company SNCF placed an order for 2,000 new rolling stock, it did not expect to make an expensive mistake that would embarrass its bosses – more than €50 million! ?

The mistake was uncovered when the carriages purchased turned out to be too wide for the platforms of most regional stations in France, and by then the rail company’s chances of getting a refund had passed. On top of that, in order to pass the new trains, I made a big blunder that I had to do construction work to expand the platform of the station.

So why did such a big blunder occur? The RFF of the Japanese National Railways gave the wrong ratio to the local railway companies, and because there was no coordination between the two, no one realized the mistake until it was too late. The ministers condemned France’s “irrational rail system”, but whatever the reason for the initial blunder, it was such a blunder that processes were in place to prevent it from happening again. I hope you are.

2. Multi-million pound bills for walkie-talkie skyscraper repairs

The Walkie-Talkie Building on Fenchurch Street in London has been controversial since its construction, with many people complaining that the unusually heavy top is “conspicuous” and “does not fit in with other London landscapes”. .
In 2015, Walkie-Talkie even won the Carbuncle Cup for the worst building in London, but although the landmark initially received only complaints about its design – more serious. It turned out to be a problem.

It turns out that the sun reflects off the glass of this building, also known as the “sky garden,” melting cars and blistering the paint on storefronts. And it was so hot that an egg would bake on the pavement below.

In addition, the shape of the building created a wind tunnel at the bottom, creating gusts of wind that blew people and shopping carts away. The developers had to charge millions of pounds to fix this error, which may sound expensive, but at least you’ll get some money back.

3. Air ticket typo

$7.2 million

The next time you’re embarrassed by a typo, at least be thankful that it didn’t cost you more than $7 million in cash like the now-defunct Alitalia. In 2006, Italy’s largest airline at the time advertised a long-haul flight from Toronto to Cyprus in business class for a bargain price of just $39.

However, it turns out that the ticket was supposed to sell for $3,900, but was sold by mistake by an Alitalia employee. The company immediately tried to refund the cost of the cheap flights, but faced a number of complaints and had to board customers who had already booked to save face.

I don’t believe this fiasco led to the company’s closure in 2021, but I lost a lot of money because I got a few zeros wrong.

4. Destroy NASA rocket with code error

$80 million

And the most memorable was the launch of NASA’s Mariner 1 rocket in 1962. After years of investment and a tussle with the Soviet Union for the then-space race winner position, NASA hoped the rocket launch would reposition the United States as the world leader in space.

NASA bosses decided that Mariner 1 would fly to Venus and set an amazing new standard in space travel, and years of research, calculations and checks were done to prepare for the flight. Five minutes after launch, Mariner 1 exploded, sending $80 million in US government funding into smoke.

An omission of a hyphen embedded deep in Mariner 1’s cipher turned out to be the cause of the rocket’s failure to reach orbit.

5. Publisher turned down Harry Potter

$1.15 billion (novel sales)

At least a dozen publishers feel guilty about Harry Potter’s phenomenal success. While Rowling was still looking for a publisher for the series, she didn’t get lucky until her 13th try.

The story of a boy who goes to magic school is now loved by millions, earning over $1.15 billion in novel sales and over $700 million in movie rights. But it all started with an idea that the author had on a train in 1990. However, according to Rowling’s representative at the time, the first book in the series, “Harry Potter and the Sorcerer’s Stone,” was turned down by nearly every major British publisher for 12 months.

The reason for this is that due to the length of the story, it was thought that the boarding school setting would be too exclusive for many readers. Fortunately for JK, Bloomsbury finally agreed to take over the project, and the rest is history. Since the philosopher’s stone was published, the Potter series has made a huge profit for Rowling’s publisher, Bloomsbury, and they are very pleased that the book has been turned down so many times. there will be

6. Yahoo sold Alibaba

$80 billion (pre-tax)

Yahoo sold half of its stake in Chinese mega-commerce site Alibaba in 2012, but investors in the company probably took the decision two years later when Alibaba went public on the stock exchange in a record IPO. have been regretting. Yahoo stock was valued at just $13 in a 2012 deal, which may have seemed great then, but just 24 months later, Alibaba shares are worth $68 a share and are now worth more than $181. It’s becoming

Yahoo initially invested $1 billion in Alibaba in 2005 and received a 30% stake in the company, but came under pressure from investors to liquidate the company’s Asian assets, prompting then-CEO Scott Thompson. was forced to sell. Thompson may have only been CEO of Yahoo for 180 days, but the ramifications of his dubious decision in 2012 will last longer, with Yahoo deciding to sell its remaining stake in the Chinese company in 2019. I’ve reached.

Yahoo executives didn’t have to flip their palms this time around, earning a respectable $40 billion in net revenue for investors, but if the company had retained its original 30% stake, the revenue would have been $80 billion.

7.5 billion yen bitcoin lost in dump


$280 million

If you’ve ever given up something and regretted it, you can probably relate to James Howell.

Howell, who bought 7,500 bitcoins in 2009 and was worth little compared to the prices that followed, took his computer apart and put the hard disk in a drawer when he spilled a drink on the machine. I woke up. Three years later, when I was packing to move, I found the hard drive, forgot it had Bitcoins in it, and promptly threw it in the trash.

But when the price of Bitcoin skyrocketed to $1,000, Howell remembered the coin. After checking the backup files to no avail, he contacted the owner of the landfill where the hard disk might have been taken, hoping to find the coin there. Unfortunately, however, the manager of the location told Howell that the hard disk could be buried five feet deep and would be nearly impossible to find, much to Howell’s disappointment. It was.



Leave a Reply

Your email address will not be published. Required fields are marked *