Dive into Fortune: 11 Unbelievable (& Profitable) Underwater Discoveries That'll Leave You in Awe

11. The Costa Concordia

The Costa Concordia: A Modern Maritime Tragedy Estimated Value: $500 million to $1 billion* Year Lost: 2012 Year Found: 2012 While the Titanic is infamous, the Costa Concordia disaster in 2012 is a more recent maritime catastrophe. The cruise ship struck a submerged rock in the Mediterranean, resulting in thirty-four deaths.

The Costa Concordia: Uncovering the Aftermath The disaster caused immense financial loss, with insurance covering only a fraction of the estimated $2 billion in damages. Merchandise worth up to $1 billion was lost. Investigations revealed another twist—the ship was unknowingly carrying a large quantity of cocaine tied to the Italian Mafia at the time of its sinking.