September 29, 2022

It’s great to win a lottery, enjoy newfound riches, and be financially situated for life. However, in most cases, this is rarely true. While he expects lottery winners to become millionaires, very few people manage to stay rich and instead get overwhelmed with their newfound fortune and quickly squander it.

They say that money does not buy happiness, but it can make many people happy if used correctly. Some people manage to win hundreds of millions by buying a single lottery ticket, while for most, winning just a couple of million is enough to change their life. We have collected some stories about lottery winners who have maintained or improved their wealth.

Brad Duke – Idaho State Jackpot in 2005

Michael Loccisano/Getty Images | Some 37,000 people became millionaires thanks to scratch tickets

In 2005, when Brad Duke, an avid lottery player, was 33 years old, he devised his plan to “win” the lottery. He gathered Powerball results from the last six months and calculated the 15 most frequently drawn numbers, and after using a wheel system, combined them; Fortunately, his efforts paid off and he won the $220.3 million main jackpot.

After taxes and all, he got $86 million in cash. After mandatory vacations, travel, and upgrading his hobbies, Brad decided to raise the prize money to $1 billion and gave himself 15 years to do so. However, he hasn’t reached his goal yet, but he is on the right track as he has doubled his net worth. He lives a comfortable life and makes smart investments in real estate, gas, oil, and low-risk bonds.

Paul and Sue Rosenau: 2008 Waseca Top Prize

Loop Images/Getty Images | The chances of winning the lottery are almost 1 in 300 million

Paul and Sue Rosenau won the $181.2 million Powerball jackpot in 2008. Fortunately, they knew exactly what they wanted to do with their winning prize money! Five years earlier, her granddaughter Makayla had died of a rare and incurable disease. Krabbe disease is a degenerative disease that affects 1 in 100,000 newborns. It attacks the lining of the nerves and most babies die within two years.

The generous grandparents established the Legacy of Angels Foundation. This organization focuses on raising disease awareness and helping families pay for medical treatment and expenses. It also funds other research and development initiatives. Since 2009, the foundation has awarded Krabbe disease researchers more than $10 million in financial grants.

The couple also donated more than $10 million to their rural community of Waseca, the local church, families in need, and the local fire station. The Rosenau’s are a great example of making a winning jackpot work for everyone.

Lerynne West – 2018 Powerball Jackpot

Lottery/Twitter | The largest lottery jackpot in US history is $1.59 billion

Lerynne West is a single mother of three from the United States who used to work with an insurance company before the big win. In 2018, she was one of two winners of the $687.8 million Powerball jackpot, taking home $343.9 million before taxes. She donated $500,000 to the Travis Mills Foundation and established a charity called the Callum Foundation. Her charity continues to offer financial support for animal welfare, veterans affairs, health and education.

Source link

Leave a Reply

Your email address will not be published.