Colombia Says It Found One Of The Most Valuable Sunken Ships Ever
The treasure on board could be worth billions of dollars.By Ben Lawson | December 5, 2015
Colombian President Juan Manuel Santos announced Friday the discovery of a Spanish boat that sank with a massive cargo hold of treasure 300 years ago.
The San Jose has been called the "holy grail of shipwrecks." Its treasure is estimated to be worth somewhere between $4 billion and $17 billion.
However, ownership of that ridiculously valuable treasure has been hotly contested. Sea Search Armada, an American company, claims it was under contract with the Colombian government to search for the San Jose and was promised a portion of its treasure.