There’s a $17 Billion Shipwreck Below the Caribbean. This Is Who Is Cashing InThere’s a $17 Billion Shipwreck Below the Caribbean. Colombian ClaimAlejo Bernal / Shutterstock.comAs the ship was found in its territorial waters, the Colombian government claimed the rights to the San Jose shipwreck. San Jose BackgroundPublic Domain / Wikimedia CommonsIn the early 18th century, the Spanish galleon San Jose sank off the coast of Colombia. During a firefight with the British, the San Jose sunk with only 11 crew out of 600 surviving.