Warner will pay a $53.1 million fine to the government for tax evasion after hiding his loot in offshore bank accounts. With that money, the government could (and should) buy 10.6 million Beanie Babies. It’s a good investment — those are going to be worth a lot of money one day, as will Pokemon cards.
Initially, I was amazed that Beanie Babies could have made someone a multi-millionaire. Then, I remembered how awesome they are and how badly I wanted them. Seeing as I was only an amateur collector and still there are about 150 of them in my room at home, and no less than 200 in my sister’s room, I’m no longer surprised that Ty Warner is loaded.
I am surprised, however, that he didn’t hide his money inside of his inevitably gigantic collection of Beanie Babies. I bet his kids have all the coolest limited edition Beanies. Like the one that’s Union Jack themed!
I’m happy that Ty is being brought to justice, but I’m quite concerned for the fate of Beanie Baby production. I always imagined that I’d be able to buy my kids Beanie Babies – how dare the IRS take that away from me.