Ambergris is a waxy, soft substance that comes from the intestines of sperm whales and is highly valuable. It’s used primarily in perfume manufacturing with its infamously unpleasant scent notwithstanding. It’s used in perfumes as a fixative, and even though it smells terrible at first it does eventually develop a sweet and earthy scent over time. As for the deposit found by Al Sinani, it weighed over 132 pounds, and in American dollars it was worth almost $2.6 million. To amateur, non-fishermen, the horrible smell would probably provoke a simple departure for fresher air. But Al Sinani realized the value of the ambergris, and used ropes to haul it out of the water and onto his 20-foot fishing boat. And it’s no wonder that he was prepared for such a rare phenomenon, since he told a local newspaper he’d been thinking about it his whole life: Al Sinani was reportedly holding off on selling his ambergris haul to get the best possible offer, turning down buyers from both Saudi Arabia and the United Arab Emirates. After he does make his money, he’s hoping to get out of fishing and start a new professional life in a new field: Real estate.