Sometimes we dream of winning the lottery and are sure that after that our life will turn into a fairy tale. But what actually happens after the win? What do people do with the money? What happens to them? Let’s read a few stories.
Mickey Carol, a 19-year-old scavenger from Scotland, won £10 million in 2002. And then it started: he got kilograms gold accessories, bought an élite mansion with a pool for £700 thousand and began to organize drunken orgies there: alcohol, drugs, girls. There was one time when he and his friends rode around the city, firing steel balls from the catapult, smashing 32 other people’s cars.
Journalists were nicknamed Mickey “Lottery boor” and “King of the Gopniks.” After several years of reckless life, the money ran out. The estate turned into a garbage can, which barely managed to be sold for only £100 thousand. In 2010, Mickey handed out debts and remained with nothing. Since then, he managed to work as a garbage man and renovated houses. But Mickey himself says: “I have no regrets.”
Glenda Blackwell, a woman from North Caroline, was tired of her husband believing in lotteries. She decided to prove to her husband that all lotteries are just fraud and bought $10 Carolina Millions scratch-off ticket.
She won 1 million dollars with that ticket.
How the Rules Changed
Anonymity laws for lottery winners in Australia changed after the tragic incident with Graeme Thorne. In 1960 his father won nearly $3 million in the lottery, with his picture getting in all the news. Shortly after his 8-year-old son was kidnapped for ransom and eventually murdered. This led to an overwhelming sense of public shock, disbelief, and anger. Lottery procedures in Australia were changed, with winners being given the option of remaining anonymous.
Brad Duke from Idaho (USA) was doing well before winning $220 million: he owned 5 Gold Gym fitness centers, which were opened under a franchise, where he himself worked as a spinning trainer. After winning in 2005, Duke said that he has a goal – to increase his net worth to $1 billion to help others.
Therefore, he did not buy Porsche and did not go on a trip around the world. He was seriously engaged in investing – he invested most of his money in securities and real estate. Brad still manages fitness centers and develops his favorite business – cycling, as well as doing charity work. He has not yet earned a billion but has already managed to double his money. When Brad reaches his goal, he promises to write a book: “I want to deal with this money as correctly as possible and share my experience with others.”
A Lot of Work
Peter Laveryt, a bus driver from Belfas, managed to do the right thing with the money. He began to invest in businesses and opened several enterprises. The most famous was the Cooley Whiskey Factory, the first in Belfast in 75 years. Under the distillery, he bought the old building of the Cramlin Road Prison in Belfast. Peter invested about £5 million in the plant and, among other things, opened a tasting room and a restaurant with 200 seats.
Here he produces Danny Boy, a great single-malt whiskey. “I work more than before winning,” Peter says. “But I’m happy, and my factory is like another prize in the lottery.”
All About Honesty
Police detective Robert Cunningham, 55, has been a regular at Sal’s Pizzeria in nearby Yonkers, N.Y., where Phyllis Penzo has waited on tables six nights a week for the last 24 years. As a joke, he offered her a deal instead of tips. Phyllis helped him to choose the numbers for the lottery ticket and a few days later he called her to say that they won $6 million and half of it belongs to her! The two families will split the lottery payout of $285,715 a year over 21 years.