- Apr 20, 2022
- 1,660
- 4,359
Man’s won the biggest lottery prize known to man.
And you wish him more luck?
You better get you some of that luck too.
Tripping.
The OFFICIAL Powerball and Megamillions thread:
And you wish him more luck?
You better get you some of that luck too.
Tripping.
- Aug 31, 2012
- 12,542
- 35,327
Dude spent like 5% of his money on a house and doesn’t have to work ever again, whereas most people drop multiple years’ salary on their house and have to worry about losing their job, but he’s the one that needs the luck?
Lol okay then.
Lol okay then.
swendro
formerly swendro88
- Aug 1, 2005
- 13,155
- 9,540
I guess the lottery really is a tax on people who are bad at math.
- Apr 30, 2010
- 69,870
- 106,701
Plus with that amount of wealth, you have to park some of it somewhere. Property in Hollywood is probably like a high rise condo in Manhattan.
- Oct 8, 2002
- 42,724
- 44,855
If dude has the slightest bit of investment knowledge, he’ll be alright. Dude can afford to invest half of the money and still not have to work again.
- Oct 8, 2002
- 42,724
- 44,855
- Aug 31, 2012
- 12,542
- 35,327
If his post-tax lump sum winnings were around $500-600M, then no.
- Oct 28, 2007
- 13,387
- 6,666
all he has to do is park 15Ms in a measly 2% high yield savings account to cover his property taxes and he is still left with 460Ms 
Let Edwin cook
Let Edwin cook
- Jan 4, 2012
- 11,439
- 12,694
Property tax on a house like that is maybe $220-250k/year.
He's gonna make $5-8 million/year just setting aside $100 million of the $500 million he won.
So basically he can blow $400 million over the next 10 years and he'll still have around $200 million to play with.
I'm not saying he can't **** up.... But he's gonna have to try reallllyyyyyy hard
ExactlyDude almost won $1B with the lump sum and we’re out here talking about his property taxes.
I have a feeling he’ll be okay.
- Aug 21, 2010
- 11,337
- 17,546
I’m always reminded of the saying that most people who play the lotto are bad with money. That kind of loot just stays burning a hole in your pocket. In the end, it’s his money. 
- Apr 20, 2022
- 1,660
- 4,359
It could be ours.I’m always reminded of the saying that most people who play the lotto are bad with money. That kind of loot just stays burning a hole in your pocket. In the end, it’s his money.
- Apr 18, 2014
- 8,768
- 5,735
The guy may or may not have stolen the winning lottery ticket which is way more interesting than him spending 25M's on a mansion which all of us probably imagined the winner would do.
- Jun 29, 2018
- 1,347
- 2,269
property tax + special assessments in Cali is 1.5-2%.
CapitalOne offering CDs from 3.5-5%
Do the math and i think he’s gonna turn out just fine
CapitalOne offering CDs from 3.5-5%
Do the math and i think he’s gonna turn out just fine
swendro
formerly swendro88
- Aug 1, 2005
- 13,155
- 9,540
I wanna know how much money you should have in order to buy a $25 million home according to the people who think he’s dumb.
- Aug 21, 2010
- 11,337
- 17,546
All his bigger jackpot means is he’ll be able to live like a king a bit longer than past winners who eventually went broke. Nobody is saying he’ll be broke by next week, but there’s been enough of these stories where the lavish spending will eventually catch up to you if you’re not careful. Time will tell.
- Aug 31, 2012
- 12,542
- 35,327
I think the issue here is that you're comparing average lottery winners to the dude that won the biggest jackpot of all time.
Not comparable in any serious capacity.
- Aug 21, 2010
- 11,337
- 17,546
“The more you have, the more you’ll spend”
Like I said in the first part, he’ll just outlast other smaller jackpot winners a bit longer. Winning the biggest jackpot of all time doesn’t make you immune to possibly losing it all if you’re not smart.
- Aug 31, 2012
- 12,542
- 35,327
Yeah, but we have no real information to base the second half of your statement off of yet. Dude bought a $25M house when he has $500M+. On paper that's not the worst investment considering he should put a decent chunk of his money in assets.
If he pisses away the remaining 95% of his money that's on him, but I think NT's pocket-watching and talk about his property taxes and upkeep is nothing more than concern-trolling.
ccastro02
Supporter
- Jun 27, 2007
- 4,497
- 11,307
Seems like media just can’t let this guy breath.
nypost.com
Smiling $2B Powerball winner Edwin Castro spotted palling around town in vintage Porsche
The 30-year-old, Edwin Castro, added a whopping $997.6 million to his bank account when he won the largest lottery prize in US history last year.
nypost.com
- Apr 18, 2014
- 8,768
- 5,735
Damn. I hope yall live in a state where you can stay anonymous cause they publish this man's whole life with HQ pics.
- Mar 19, 2013
- 16,250
- 32,860
Seems like media just can’t let this guy breath.
Smiling $2B Powerball winner Edwin Castro spotted palling around town in vintage Porsche
The 30-year-old, Edwin Castro, added a whopping $997.6 million to his bank account when he won the largest lottery prize in US history last year.
My brother went to the same school for architecture at Woodbury. Said he was 2 years ahead of him so they didn’t share any classes but was in the same building, said he was a polite and quiet. My bro saw he bought an expensive house/mansion and that’s how he came across his picture and remembered him from school. Small world sometimes
- Oct 28, 2007
- 13,387
- 6,666
Edwin that you?
- Oct 3, 2007
- 21,966
- 13,070
Gotta be in it to win it
- Jan 4, 2012
- 11,439
- 12,694
Might have to get a ticket tonight
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