Quote:
Originally Posted by Angry Jew Cat
I'm still fucking baffled by how anyone can literally blow off $100mil+ in even 10 years.
I could buy my ultimate dream plot of land, build my dream home, buy my dream car, truck, snowmobile, boat, lake property, quad, motorbike, fill my properties with all the shit I could ever dream of, and still probably only have spent like $10mil, going absolutely fucking ballistic.
What the hell do these idiots spend their money on? I'd love to see some detailed outlinings of the spending these people do to lose these huge fortunes they've won. Would make for a great book if a writer were to track down a handful of $100mil+ lotto winners who lost it all, and to tell their stories from fortune to rockbottoom again.
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There was at least one TV show that profiled a handful of lotto winners showing how they went from rags to riches to rags again. There may have even been a series about it.
My guess is the upkeep and maintenance of all their purchases plus bad investments eats away their fortune. You said you could buy all that for $10 mil but the cost doesn't stop at the purchase. You will continue to pay property taxes, insurance, maintenance and so on.
Go out and buy a nice yacht for $4 mil and spend close to $1 mil a year on keeping it
