$92 quadrillion: PayPal accidentally makes man a quadrillionaire
$92 quadrillion from PayPal? That appeared to be the case for Chris Reynolds, who opened his PayPal statement for June to find $92 quadrillion. The public relations executive tells the Monitor how the Paypal blooper happened.
Courtesy of Chris Reynolds
Last month, Chris Reynolds had $140 dollars in his PayPal account. On Saturday, he had a little more â€” $92 quadrillion, or $92,233,720,368,547,800, to be exact.
The 56-year-old public relations executive from Media, Pa., says he was shocked to see â€śa number with a lot of digitsâ€ť when he opened his PayPal statement for June.
For a moment, Mr. Reynolds thought he owed someone $92 quadrillion, or 5,411 times the national debt.Â
â€śThat was sobering,â€ť he says.
But after Reynolds wrote about the incident on Facebook, his friends pointed out that the statement read â€ścredit,â€ť not â€śdebt.â€ť Forget Bill Gates and his $72 billion: with a whopping 17-digits to his name, Reynolds had just become the worldâ€™s richest man.Â
â€śPeople suggested I might have had long lost relations reappear,â€ť Reynolds says.
When Reynolds logged into his PayPal account to double-check the numbers, his account balance read $0. The whole thing had been a glitch on his statement.
PayPal apologized to Reynolds for the error and offered to make a donation to a nonprofit of his choice.
Since the brief blunder, Reynolds, who works at the PR firm he co-founded with his wife (Reynolds Ink), says he has had some time to think about what he would have done with $92 quadrillion.
The first thing he would have spent the money on was not a sports car, a vacation home, or even an early retirement.
â€śIâ€™d want to pay down the USâ€™ national debt. Thatâ€™s been really bugging me,â€ť Reynolds says.
â€śIâ€™m just a modest man. I would want to buy something for myself â€”Â maybe the Philadelphia Phillies, if I found a good deal. The rest of it, Iâ€™d invest, because thatâ€™s what my father-in-law would want me to do,â€ť Reynolds says.
He would have had plenty left over to do so as a quadrillionaire.
Nevertheless, Reynolds says there was still a silver lining in PayPal's mistake. Friends he had not spoken to in years reconnected with him when he shared his experience on Facebook. And although heÂ is usually a man who gets his clients into headlines, Reynolds has become the focus of attention himself through his fleeting moment with $92 quadrillion.
â€śIâ€™m enjoying a brief transit as an Internet meme,â€ť Reynolds says.