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How A Chilean Man Became Millionaire Overnight After Finding His Father's Old Passbook

How A Chilean Man Became Millionaire Overnight After Finding His Father's Old Passbook

NDTV
Monday, October 23, 2023 08:06:14 AM UTC

His father had died 10 years ago and nobody in the family knew of his father's particular bank account and savings.

People's luck can change overnight and that's exactly what happened with a man in Chile. Exequiel Hinojosa was going through his late father's belongings when he found a six-decade-old bank passbook that forever changed his fortune, Reuters reported last year. 

Back in the 1960s-70s, Mr. Hinojosa's father was saving up to buy a house. The passbook showed that he had managed to save almost 140,000 pesos, about $163 now. With interest and inflation, the 140,000 pesos are now estimated to be worth over 1 billion pesos, or nearly $1.2 million (Rs 8.22 crores).

His father had died 10 years ago and nobody in the family knew of his father's particular bank account and savings. After his death, the book remained stored away in a box for decades until Mr Hinojosa stumbled upon it during his house cleaning.

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