Was The Great Gatsby Broke?

WAS THE GREAT GATSBY BROKE Jan 1920 (3 months after Volstead Act Prohibits Alcohol) - Summer 1922 $0 + $25,000 "A penniless young man" Came from nothing Inherited money from death of friend, Dan Cody Earnings of Top Bootleggers in 2 Years $I Million $2 Million $I Million Al Capone Dean O'Banion Jay Gatsby ILLEGAL BOND BUSINESS AVERAGE $100,000 in the 1920's $100,000 x 2.5 $ 250,000 years Jay Gatsby's TOTAL INCOME: $1,275,000.00 GATSBY'S LIFE OF LUXURY In the 20's loans were written for no more than 50% of property value. Kings Point Estate on Long Island 50% Down on mansion = $1.35 million "12 Bedroom Mansion in West Egg" Listed at: MONTHLY MORTGAGE - 30 Terms of loan 4 years at 5% interest 29.5 25 MILLION 20 15 10- 2.7 $25,476 MILLION 1920 2010 Per Month For 7 Months Jay Gatsby's HOUSE PRICE: S1,523,3 3 2.00 GATSBY'S PARTY TODAY FOR 300 $3,000 8 Servants, Chauffer & Gardener $30,000 Miscellaneous $9.000 Full Bar $4,000 Champagne $30.000 Full Orchestra $100,500 O Two Suppers Price Per Party Total Price For 15 Parties Considering "deals" from continuous service as wll as possible smaller guest lists. 15 weekends in a summer. Hired 8 servants and extra gardener. A cheaufferur to drive guests back and forth. 5 crates of oranges and lemons from NY. Full orchestra and singers. Served two dinners. 1922 total adjusted due to inflation. SIL,00 S165.000 $150,000 $2,250,000 50,000 10,0000 150,000 200,000 500,000 1 Million 1.5 Million 2 Million 2.5 Million Z 1922 1 2013 Z 1922 1 2013 Jay Gatsby's 15 PARTIES: S.065.000.00 GATSBY'S TOYS Station Wagon Rolls Royce Hydroplane $1.400 $15,000 $160,000 2 Motor Boats Pure Gold Toilet Furniture $10,000 $43,500 $12,000 (5,000 each) (1,000 per room) $50 x 10 = $500 (Fit about 10 in a cabinet) 2 Cabinets Full of Suits 3 Min. Business Calls A $60 x 8 = $480 $2,000 (55 per shirt stacked 12 high 8 Stacks to a cabinet) $1.035 (Long Distance for 2.5 years) Jay Gatsby's TOYS & EXTRAS: $ 244,93 5.00 INCOME VS. EXPENSES $1,750,000 $1.938.267 Jay Gatsby's TOTAL LOSS: $088,267.00 Jay Gatsby Is Bankrupt Today By S 2,353,3 37.50 THE HAPPINESS THEORY Sources: NY MAG • VANITY FAIR • FINEART AMERICA • BUSINESS INSIDER