Envelopes of Cash Being Hidden Around SF

Real estate millionaire says LA is next

By Rob Quinn,  Newser Staff

Posted May 27, 2014 12:31 AM CDT

(Newser) – Someone who has made a lot of money in the San Francisco real estate market is giving some of it back—in $20 and $100 bills stuffed in envelopes hidden around the city. All that's known about the anonymous millionaire, who uses the Twitter handle @HiddenCash: He's between 35 and 45, recently made $500,000 on a single deal, has some friends helping him with the money drops, and gave away $4,000 between Thursday night and Sunday. He now has more than 52,000 followers, and every tip sparks what the San Francisco Chronicle calls a "social-scavenger hunt" in different districts of the city.

"I've made millions of dollars the last few years, more than I ever imagined, and yet many friends of mine, and people who work for me, cannot afford to buy a modest home in the Bay Area," the mystery donor explains to the Bold Italic. "This has caused me quite a bit of reflection. I am determined to give away some of the money I make, and in addition to charity, to do it in fun, creative ways like this." He tells ABC News that he plans to keep up the money drops "indefinitely"—and he plans to expand the giveaway to New York City and Los Angeles soon. "I'm giving right now about a thousand a day. For me, that's definitely manageable."

The average drop is around $100.
The average drop is around $100.   (Shutterstock)
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