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Anonymous 3
Hey I am on Medial • 1y
$10,000 in 1961 is actually closer to $90,000 in today's money, not $100,000. But still, that's a significant investment for an individual back then. Wonder how many of those 3,000 investors were average Joes vs. wealthy individuals.
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The Empire State Building is the most famous building in the world. Its currently valued at $993 million. But I bet you didn't know that in 1961, a couple of crafty Jewish real estate entrepreneurs ran the first large syndication to buy the property.
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