Many lottery winners lost it all and whose lives got even worse than their initial state.
Nobody wants to be broke.
Imagine you win a lottery today and no longer have to worry about money ever again.
Lottery winner, Sharon Tirabassi. Photo: @sharontirabassiSource: Instagram
23 lottery winners who lost it all
Are you dreaming of winning a lottery someday?
While the thought of it is exhilarating, lacking financial discipline may end up ruining your life for good.
Unfortunately, this happened to real people, and here is what happened.
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Alex Toth
In 1990,Alex Tothwas awarded $13 million by the Florida Lottery.
He decided to take the money in instalments, perhaps to control himself from wasteful spending.
Alex, together with his wife Rhoda, lived a luxurious life.
Lottery winner, Andrew Jackson. Photo: @lotteryCriticSource: UGC
They travelled a lot and met with their favourite celebrities across the United States.
Oprah Winfrey is one of thecelebritiesthey met.
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2.
Lottery winner, David Lee Edwards. Photo: @lotteryCriticSource: Instagram
Andrew Jackson Whittaker
Many lottery winners lost their millions through lavish lifestyles.
This was true for the Virginia native,Whittaker, who won $314.9 million in 2002.
He won the biggest single-person lottery.
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Willie Hurt
Willie Hurtlanded on a $3.1 million Super Lotto jackpot in Michigan in 1989.
What followed immediately after the big win was a series of unpleasant stories in his life.
He spent his money on drugs, and within two years, he was bankrupt.
Lottery winner, Callie Rogers. Photo: @lotteryCriticSource: Instagram
Callie Rogers
At the age of 16,Calliebecame Britains youngest big lottery winner.
She won $2.2 million in 2003.
That was a big win for a 16-year old.
Lottery winner, Denise Rossi. Photo: @lotteryCriticSource: Twitter
But the sad story was how she spent the money.
She used them for cosmetic surgery, partying, holidays, drugs, and lists.
She even attempted to take her life three times.
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By 2013, she only had $2,580 in her bank.
Don’t be surprised; she was not the first biggest lottery winner to go broke.
Denise Rossi
In 1996,Rossiwon $1.3 million in the California Lottery.
Lottery winner, Lisa Arcand. Photo: @lotteryCriticSource: Twitter
Instead, she hurriedly filed for divorce, citing unhappiness in their marriage.
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7.
Lisa Arcand
A $1 million lottery prize is not a lot of money, especially after taxes.
Lottery winner, Gerald Muswagon.Photo: @lotteryCriticSource: Instagram
Nevertheless,Lisawon the 2004 Massachusetts lottery and spent the prize on holidays and for business.
A few years later, she was broke and was forced to close herrestaurantbusiness.
She finally admitted that her lottery experience has been depressing.
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Geraldneeded to maintain his lifestyle, which he could no longer do as his jackpot money had finished.
He had nothing to support his girlfriend and six children; hence he resorted to a minimum wage job.
Finally, seven years after his incredible luck, he committed suicide.
Lottery winner, Michael Carroll. Photo: @lotteryCriticSource: Facebook
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9.
Michael Carroll
Michael Carrolwon a $14.4 million lottery in 2002 when he was only 19 years.
John McGuinness
A football fan and a hospital porter,McGuinnesswon $16.3 million in 1997.
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By 2009, he was bankrupt.
John Roberts
In 1998,Robertswon $5.1 million on the UK National Lottery.
Many of his business investments were suspicious, one being the money-pit pub.
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Vivian Nicholson
She used the lottery money to buy a new expensive car every six months.
She bought the best designer dresses she could get, and she went on vacation.
She won $3.5 million in 1961, and by 1970,Vivianwas bankrupt.
Lottery winner, Roger Griffiths. Photo: @lotteryCriticSource: Instagram
Janite Lee
Leewon $18 million from the Illinois lottery in 1993.
She initially worked in a wig shop, and she was an immigrant from South Korea in the US.
Lee’s life and that of her family changed immediately.
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15.
Roger Griffiths
Rogerswon $2.1 million in 2005 in the Lotto.
He spent the money to purchase a home, bought a Porsche convertible and a Lexus.
Ibi Roncaioli with her husband and kid. Photo: @lotteryCriticSource: Twitter
He continued with his expensive lifestyle, but after six years, he took the Porsche and disappeared.
Pete Kyle
He won $9.8 million in 2005 on the UK National Lottery.
But, unfortunately, he invested his money in bad investments, which disadvantaged him.
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Evelyn Basehore
Evelynwas one of the luckiest women as she won big money twice in a short time.
In 1985, she won a $3.9 million Pick-6 lottery game and shortly another $1.4 million.
Marva Wilson
In 2012,Marvawon $2 million in the Missouri lottery.
Lottery winner, Sharon Tirabassi. Photo: @lotteryCriticSource: Twitter
Marva’s friend used the money to gamble, buy expensivecarsand apartments, and travel.
As a result, Marva became bankrupt after two years of her big win.
As a result, he lost both his money and his properties.
Lottery winner, Bill Bob Harrel Junior. Photo: @lotteryCriticSource: Twitter
He added the percentage of lottery winners who lost it all.
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Sharon Tirabassi
Sharonwon $10.5 million in 2004.
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She went on vacations with friends to different cities.
She also bought a house using a mortgage loan instead of paying cash.
Sharon bought many expensive cars and gave out money to family and friends.
By 2008, her money was gone.
Bryan was again back to square one.
Bill Bob Harrel Jr.
He won $ 31 million in 1977 in the Lotto Texas game.
He gave loans to strangers and donated to churches.
Perhaps we can learn from their mistakes because lottery winners who lost it all have made the same mistakes.
The highest-paid celebrities in South Africa understood that they need to make sacrifices to find happiness.
Fame does not make one wealthy but how the person uses the popularity.
These stars are role models to the uprising celebrities.
She holds a Degree in Purchasing and Procurement Management from Mount Kenya University.
Email: salmarashidabdul@gmail.com
