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Posted: 3/7/2023 6:37:04 PM EDT
[#1]
That guy is gonna run out of money fast or be dead in the near future
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Posted: 3/7/2023 6:37:12 PM EDT
[#2]
Quote HistoryQuoted: Yea, I got it. I read his winnings wrong. Yeah well I think you missed up here almost as badly as the guy who bought a 25million dollar mansion and let everyone know about it. Neither of you will hear the end of it. 
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Posted: 3/7/2023 6:37:21 PM EDT
[#3]
@Canoeguy
One small overlook and we pile on. 
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Posted: 3/7/2023 6:38:27 PM EDT
[#4]
Quote HistoryQuoted: No one would ever know where I lived and it would not be California...buying some big ego box like that will do nothing but draw negative attention. This will not end well.  Is it really negative attention when all your neighbors also have big ego boxes? |
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Posted: 3/7/2023 6:39:22 PM EDT
[#5]
He could buy property anywhere in the world, and he chooses that dump.
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Posted: 3/7/2023 6:39:57 PM EDT
[#6]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. |
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Posted: 3/7/2023 6:41:16 PM EDT
[#7]
Quote HistoryQuoted: I can't imagine winning that kind of money.. Win a million, not too big of deal. Keep it low key and go on living. A billion would be a fucking burden. Fuckers at every turn begging for money, lawyers, relatives you didn't know you had crawling out from under rocks, security, etc,etc,etc. A burden ? Lol, put it on me see how sad I am . As for the beggars ? Hell that would be fun . No, fuck off No , fuck off Extended Family shows up , Higgins , release the hounds . Hell I’d tie $1000 around the necks of a bunch of pit bulls and tell the extended family you can have whatever you can grab and get away with . Burden......uh huh, in my snorted coke/viagra haze I could come up with untold ways to have fun with the burdens while getting my dick sucked by some hottie . Buy the trailer park some of my extended family live in and bulldoze the whole thing ....... Hell I’d buy the company I work for just to fire three people |
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Posted: 3/7/2023 6:41:35 PM EDT
[#8]
Quote HistoryQuoted: The guy suing him has a pretty convincing case. He's waiting for the store that sold the ticket to release security camera footage, but they've been stalling. Any idea what took place? This sounds juicy. What’s the story? |
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Posted: 3/7/2023 6:41:45 PM EDT
[#9]
Quote HistoryQuoted: Is it really negative attention when all your neighbors also have big ego boxes? Yes, everyone has this idea that because you won the lottery that you somehow owe the money to everyone else. Rich people are just rich, I live in an area of highly concentrated wealth, no one is stalking any of the people in my town or the surrounding wealthy towns. |
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Posted: 3/7/2023 6:42:30 PM EDT
[#10]
Quote HistoryQuoted: A burden ? Lol, put it on me see how sad I am . As for the beggars ? Hell that would be fun . No, fuck off No , fuck off Extended Family shows up , Higgins , release the hounds . Hell I’d tie $1000 around the necks of a bunch of pit bulls and tell the extended family you can have whatever you can grab and get away with . Burden......uh huh, in my snorted coke/viagra haze I could come up with untold ways to have fun with the burdens while getting my dick sucked by some hottie . Buy the trailer park some of my extended family live in and bulldoze the whole thing ....... Hell I’d buy the company I work for just to fire three people I like your attitude- we can be friends. 
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Posted: 3/7/2023 6:42:40 PM EDT
[#11]
I had ranches picked out in MT, WY, ID and TX totaling $50 million. It's stupid to stay in cash unless you can get some of that sweet 5%+ on t-bills, cd's and money markets.
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Posted: 3/7/2023 6:42:40 PM EDT
[#12]
Quote HistoryQuoted: I'd buy big, but not in CA. |
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Posted: 3/7/2023 6:43:02 PM EDT
[#13]
Quote HistoryQuoted: The first of many lawsuits against the guy, no doubt. Not really sure I'd want to buy a big mansion and make myself a target like that, but it's not like I have a billion dollars so who am I to say. Its nuts they force winners to be declared. They should be able to collect their winnings anonymously to avoid legal and future problem because they have a right to privacy. |
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Posted: 3/7/2023 6:43:30 PM EDT
[#14]
At a paltry 4% interest rate he will have $500,000 to spend after taxes EVERY WEEK! And he'll never have to touch his principal.
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Posted: 3/7/2023 6:44:12 PM EDT
[#15]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. This. Why stay in a state that's just going to screw to death with taxes fees and other nonsense. |
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Posted: 3/7/2023 6:46:40 PM EDT
[#16]
Quote HistoryQuoted: Can't blame him. Hopefully he's not dead next to a big pile of cocaine next month. Not a shame to die doing what you love. 
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Posted: 3/7/2023 6:47:04 PM EDT
[#17]
Quote HistoryQuoted: A burden ? Lol, put it on me see how sad I am . As for the beggars ? Hell that would be fun . No, fuck off No , fuck off Extended Family shows up , Higgins , release the hounds . Hell I’d tie $1000 around the necks of a bunch of pit bulls and tell the extended family you can have whatever you can grab and get away with . Burden......uh huh, in my snorted coke/viagra haze I could come up with untold ways to have fun with the burdens while getting my dick sucked by some hottie . Buy the trailer park some of my extended family live in and bulldoze the whole thing ....... Hell I’d buy the company I work for just to fire three people You'd burn out in a year. Or someone would kill you for being a dick. No offense intended. |
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Posted: 3/7/2023 6:48:13 PM EDT
[#18]
Quote HistoryQuoted: 25% of his total winnings on a single house. He will be broke within 2 years. ETA: I read it as him taking home 100 million. So yes, I know my math is off. Math is hard, 2.5% |
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Posted: 3/7/2023 6:48:46 PM EDT
[#19]
First thing I would do if I had a billion dollars is change my name. It's insane that California throws you to the wolves like that.
As others have said, it HAS to be a burden having that much cash in the bank... for certain things. His $25M property in The Hills isn't as stupid as it seems. Not as though his neighbours are poors that are are going to be jealous. Every one of those homes will have a security team |
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Posted: 3/7/2023 6:49:30 PM EDT
[#20]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. Yeah. I think I’d have multiple, smaller places on land AWAY from others but that’s me. Hookers and Blow for life however little he has left. |
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Posted: 3/7/2023 6:49:47 PM EDT
[#21]
Quote HistoryQuoted: I would guess he'll be paying $375k-$400k a year in property taxes annually for this home. Quote HistoryQuoted: Quoted: I wonder what the property taxes on a 25mil house is in California? I would guess he'll be paying $375k-$400k a year in property taxes annually for this home. CA property tax rates aren’t really high, but typically the home values are. |
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Posted: 3/7/2023 6:50:08 PM EDT
[#22]
Quote HistoryQuoted: Yes, everyone has this idea that because you won the lottery that you somehow owe the money to everyone else. Rich people are just rich, I live in an area of highly concentrated wealth, no one is stalking any of the people in my town or the surrounding wealthy towns. The amount of people who pestered my parents for the very relatively insignificant inheritance they received after my grandparents passing was insane. It was a real kick to the nuts in an already shitty situation. I can only imagine how worse it would get if your name was being plastered everywhere with the notification that you just received a billion out of nowhere. |
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Posted: 3/7/2023 6:50:31 PM EDT
[#23]
Quote HistoryQuoted: And he will be broke and/or dead in under a decade. He's going to have to try harder than this. |
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Posted: 3/7/2023 6:50:33 PM EDT
[#24]
Quote HistoryQuoted: CA property tax rates aren’t really high, but typically the home values are. That's how everyone does it. They shoot for the moon on the valuation and make you go yell at them at the tax office. |
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Posted: 3/7/2023 6:51:32 PM EDT
[#25]
$972 million @ 4.5% is just over $43 million a year in interest / dividends.
Now that's some "fuck you" money 
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Posted: 3/7/2023 6:52:38 PM EDT
[#26]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. The weather there is easily worth it alone. Your state is only nice in the winter months and then becomes sauna oven soaked shirt with lizards crawling around everywhere. |
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Posted: 3/7/2023 6:53:19 PM EDT
[#27]
Quote HistoryQuoted: @Canoeguy One small overlook and we pile on. Just wait until caps lock |
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Posted: 3/7/2023 6:54:20 PM EDT
[#28]
Quote HistoryQuoted: This. Why stay in a state that's just going to screw to death with taxes fees and other nonsense. Mebbe he's already looking at buying in other states. This could be just a summer home. I would buy a place in Miami with a dock and a nice boat. |
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Posted: 3/7/2023 6:55:08 PM EDT
[#29]
Quote HistoryQuoted: $972 million @ 4.5% is just over $43 million a year in interest / dividends. Now that's some "fuck you" money https://www.ar15.com/images/smilies/icon_smile_wink.gif Hell, a Falcon 9 launch is what? 80 mil? You could purchase a private orbital launch every two years with more than enough to live on leftover and never touch the principle. Or make it sub-orbital if you want to be really spicy about it.
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Posted: 3/7/2023 6:56:10 PM EDT
[#30]
Quote HistoryQuoted: Damnit…I read it as 100 million take home. Alright I guess I will allow it but I don’t see the point of a 25 million dollar home in a shit hole. That shithole has nearly perfect weather year round. |
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Posted: 3/7/2023 6:56:12 PM EDT
[#31]
I see John Paul DeJjoria (Paul Mitchell Hair Products founder) in my grocery store. He lives a pretty normal life on ranch. Being a billionaire is not difficult if you have a little common sense.
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Posted: 3/7/2023 6:57:46 PM EDT
[#32]
Quote HistoryQuoted: Broke inside several years. Yup |
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Posted: 3/7/2023 6:58:38 PM EDT
[#33]
Quote HistoryQuoted: Lol, I see this thread is going to be fun for me. TBH, I read it the same as you did, but didn’t say anything. |
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Posted: 3/7/2023 7:07:03 PM EDT
[#34]
Y'all act as if he can't buy a 2nd, 3rd, 10th house somewhere else.
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Posted: 3/7/2023 7:40:33 PM EDT
[#35]
Lol at most of the dumb responses in this thread.
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Posted: 3/7/2023 7:41:33 PM EDT
[#36]
Quote HistoryQuoted: Lol, I see this thread is going to be fun for me. 
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Posted: 3/7/2023 7:54:08 PM EDT
[#37]
Bunch of know it all jealous types I see....
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Posted: 3/7/2023 7:56:13 PM EDT
[#38]
Statistically, he'll be broke within a few years.
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Posted: 3/7/2023 7:58:40 PM EDT
[#39]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. The guy's name is literally, Castro! Where the hell else but Kommiefornia would he go? |
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Posted: 3/7/2023 7:58:43 PM EDT
[#40]
Quote HistoryQuoted: Statistically, he'll be broke within a few years. |
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Posted: 3/7/2023 8:00:18 PM EDT
[#41]
Well, there's an idiot to consider.
I wonder if he emailed his resignation from Boeing. That was roughly 2.5% of his take. Won't be long til he's selling that house. |
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Posted: 3/7/2023 8:03:13 PM EDT
[#42]
Buy a place with a longer driveway.
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Posted: 3/7/2023 8:03:27 PM EDT
[#43]
Should have gotten out of CA. Should have bought the house in a manner as to conceal or make it difficult to easily tie him to it. He probably paid cash, like an idiot. He should have waited awhile before making a large purchase.
Guy will be dead, in jail, or broke inside of 10yrs. Nice fricken house though! |
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Posted: 3/7/2023 8:03:38 PM EDT
[#44]
Guy spends 5% of his liquid net worth on a house and all the financial experts are claiming he's going to be broke.
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Posted: 3/7/2023 8:04:34 PM EDT
[#45]
Quote HistoryQuoted: I don't know. With that amount of money, it should last quite a while, even if he does go full retard with it. It's probably more likely that he drinks and snorts himself into an early grave. Quote HistoryQuoted: Quoted: Statistically, he'll be broke within a few years. True enough. But never underestimate someone's ability to go through a recently won fortune in record speed. All your new friends and never met distant cousins will help you do it. 5 years for 70% |
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Posted: 3/7/2023 8:06:43 PM EDT
[#46]
Quote HistoryQuoted: I'd buy big, but not in CA. Agreed, big land... |
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Posted: 3/7/2023 8:10:11 PM EDT
[#47]
Quote HistoryQuoted: I’d buy it and give it to the homeless 
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Posted: 3/7/2023 8:17:20 PM EDT
[#48]
Fuck that, I’d buy a island, preferably one in international waters, $2 billion, I’ll provide my own security.
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Posted: 3/7/2023 8:22:35 PM EDT
[#49]
Quoted: Biggest ever lottery winner Edwin Castro scoops up mansion in star-studded Hollywood Hills It comes just 30 days after he claimed his $997.6 million prize - after taxes Castro, who is believed to be in his 30s, is facing a lawsuit from a man who claimed he bought the winning ticket https://i.dailymail.co.uk/1s/2023/03/07/21/68438813-11832171-image-a-1_1678223942767.jpg https://i.dailymail.co.uk/1s/2023/02/14/20/67684247-11750661-image-m-35_1676405548522.jpg The winner of the biggest ever lottery prize will soon count Ariana Grande and Jimmy Kimmel as his neighbors after he snapped up a sprawling $25.5 million Hollywood Hills mansion. Edwin Castro hit headlines after winning the $2.04 billion prize back in November - though he has chosen to remain private ever since. But just one month after scooping up his one-time payment, reports state he has invested in a 13,578-square-foot hillside home which comes complete with a full outdoor kitchen, gym, wine cellar and infinity pool. It comes after it was revealed Castro is being sued by a fellow California resident who alleges he had the winning ticket and it was stolen from him. Last month Castro, who is reportedly in his early 30s, finally claimed his $997.6 million prize after taxes. He bought up his new lavish home less than 30 days later, reports real estate magazine Dirt. The three-story property, which sits behind the iconic Chateau Marmont, comes complete with five bedrooms and five bath and powder rooms. It also features an infinity pool, movie theatre and sauna as well as two separate garages that can hold up to seven cars. The pad was first listed back in July 2022 for $30 million but it appears Castro managed to shave $4.5 million off the headline price. Other amenities include a game room and bar as well as a fitness studio with a hot and cold plunge, a dry sauna and steam shower. Meanwhile the double-height glass stairwell offers extensive city views while two fire pits and a built-in barbecue area sit outside. Castro has largely tried to evade the spotlight after his record-breaking win. Californian rules dictate that any lottery winner must be named - but he has never been pictured out in public. At the time lottery director Alva Johnson said the winner wanted to remain private and had declined an invitation from lottery officials to attend the press conference. In a prepared statement Castro said: 'As much as I am shocked and ecstatic to have won the Powerball drawing, the real winner is the California public school system.' The education system will receive over $150 million as a result of the win. More |
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Posted: 3/7/2023 8:28:58 PM EDT
[#50]
If you walk away with 700 million or so you'd figure that you would have the necessary money to hire a team of professionals to hide everything you do behind a series of trusts and legal entities that aren't obviously you.
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