Südseeblase
Even before his losses in the South Sea Bubble stock market crash of 1720, Wharton incurred heavy debts. He was so indebted that he sold his Irish estates and used that money to invest in South Sea Company stock. When the bubble burst, he lost the staggering sum of £120,000 ($26,200,000 USD | "2020") (in an era when a middle class salary in London might be £200 a year). In response, he hired musicians and a hearse and held a public funeral for the South Sea Company.