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The One Ring Forums: Tolkien Topics: Main:
Smaug is rich!

The Shire

Apr 23 2012, 10:07pm

Post #1 of 11 (1129 views)
Smaug is rich! Can't Post

He tops the list of richest fictional characters!


"Smaug, a hyper-intelligent, short-tempered dragon and the star of the upcoming "Lord of the Rings" prequel whose estimated worth is a hefty $62 billion, headed the list of Forbes' "Fictional 15" wealthiest imaginary characters, it said on Monday.
The rich dragon distrusts banks, Wall Street and "swears by 'plunder and hoard' investment style," according to Michael Noer and David Ewalt, the editors who compiled the annual list...."


Apr 24 2012, 7:28am

Post #2 of 11 (484 views)
More than that [In reply to] Can't Post

I still reckon Smaug is a lot richer than that Wink

After all, just one mithril vest was more expensive that the entire Shire. The Shire is worth more than 38 billion!!


Apr 24 2012, 8:49am

Post #3 of 11 (490 views)
Been thinkin... [In reply to] Can't Post

That the one spot on MISTER Magificent's cheast that was vulnerable to an an Arrow over his heart
was where Smaug wanted the Arkenstone.

Yet like the Ring
it has a mind of it's own and refused ..
allowing Bilbo to Pocket it.

Then the Thrush could speed into the ear of Bard...it could be a flying RACE to Laketown with one of the smallest things
bringing DOWN the Beast


Apr 24 2012, 10:23am

Post #4 of 11 (471 views)
Spoiler! ....Smaug the biggest Shorter of them all ...haha! [In reply to] Can't Post

Smaug the biggest Shorter of them all... that`s where all the money gone! ... useing his wily ways, to undermine the world markets, and Banks, and then short them mercilessly, and sit on his horde of gold ... well in two years time, when Bard bends the great long bow, and sends the black arrow, through Smaug black heart, our world will turn to faces the sun again, and the rivers and oceans will once more flow with Gold . Laugh and we all live happy ever after...Wink


Apr 24 2012, 10:33am

Post #5 of 11 (467 views)
Until, of course.... [In reply to] Can't Post

The Dark Lord rises once again in the Land of Mordor.

Then we are all doomed again Wink


Apr 24 2012, 10:34am

Post #6 of 11 (479 views)
Value of the shire. [In reply to] Can't Post

The shire would be worth less then what many people assume, While it does contain prime agricultural lands but in that time period there was vast amounts of barren land free for the taking. So the value of the land in the shire is probably null. Apart from its ability to grow vegetation the shire lacked much in the way of natural resources.

So that leaves the buildings, many of which were just holes in the ground and fairly basic cottages, although same are more impressive such as the Great Smials.

Using todays values for the buildings, the average price might be $20,0000.

The population of the shire is unknown, but a few guesses have put it around 10,000, although same are much lower and others are higher.

We have to guess quite a bit here, if we assume that on average 2 hobbits share a room. Thats 5000 rooms, with each room worth $20,000 using todays money.

That values the buildings in the shire around $100 million.

Now we also have to value the agricultural output, the shire is self sufficient and exports little. A quarter of a acre is enough to provide a family of four with vegetables. Hobbits are smaller then people, but they do love eating. So I am going to asssume a quarter acre provides enough food for 4 hobbits (Vegetable and Meats).

It costs around $350 to produce a acre of grains (much more complicated then this in reality). So thats 7.5 million... but lets round it up to 10 million to provide for meat and other vegetables.

So that values the shire at a conservative 110 million. We also need to account for pubs, mills, roads, fences , furniture, carts.... Most people spend more on food then basic furnishing , so maybe add another 15 million to cover unaccounted expenses. So the shire is worth a conservative 125 million dollars.

I had to assume and simplify a lot and the true value might be higher but I am fairly confident thats if valued in todays money it would be worth in the hundreds of millions rather then billions.

When you consider a valuable work of art can sell for 250 million its probably safe to assume that the Mithril cost would be valued in that magnitude which supports my estimated price of the Shire.


Apr 24 2012, 10:41am

Post #7 of 11 (508 views)
Very comprehensive [In reply to] Can't Post

That was a great little read Briza, and seems like a reasonable estimate (it would be incredibly difficult to work out how much a town or city is actually worth in real life).

It was, of course, only meant as a joke Cool The Shire is priceless in our eyes, making the Arkenstone as well Wink

But assuming that the vest was worth ~$125 million, thats only 680 mithril vests. Not a lot. And Smaug didn't just hoard mithril, either. I suppose the Lonely Mountain itself, in addition to the minerals below it, should also be considered when working out the true cost!

Tol Eressea

Apr 24 2012, 1:16pm

Post #8 of 11 (491 views)
Then it's been good thinking [In reply to] Can't Post

The Arkenstone being the "missing piece" of Smaug's armor is kind of brilliant.


Apr 24 2012, 1:40pm

Post #9 of 11 (443 views)
Duality ... [In reply to] Can't Post

Daniel , your starting to sound like Bard ...ha!


Apr 24 2012, 2:35pm

Post #10 of 11 (475 views)
Correct me if I'm wrong [In reply to] Can't Post

wasn't the Arkenstone the missing piece in the animated version?


Apr 24 2012, 3:05pm

Post #11 of 11 (533 views)
Thank you OhFair One from the Lands of Fin... [In reply to] Can't Post

BOMBY is holding his own Arkenstone in his hand Now
& Often
MISTER MAGNIFICENT misunderstood..
just like "The Heart of the Ocean" from the Movie TITANIC.
This Magificent "Heart of the Lonely Mountain" only belongs
Only belongs to Thorin ...

The plot element I'm advocating is

"Suddenly out of the dark something fluttered to his shoulder
... He started-but it was only an old thrush. Unafraid it perched by
by and it brought him news. Marvelling he found he could understand its tongue, for he was of race ofDale.


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