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With financial advisors, proper savings, and investments, winning the lottery can be gift.
However, when drugs and lavish expenses come into play, the story changes. Today we count
down the top 10 lottery winners who lost it all.
10. Vivian Nicholson: Back in 1960, Vivian won 152,000 pounds and spent it all on dresses,
vacations, and new cars. All of it down the drain. Then in 1998, Vivian had another big
break, when the musical “Spend, Spend, Spend” was made about her life. She received money
from it, and ironically spent it all again. Fast-forward to age 71 in 2007, where she
is living on a weekly pension while simultaneously sending out resumes to companies. She never
received a job offer and passed away just last April.
9. Marva Wilson: In 2012, $2 million was cashed in from a Missouri lottery ticket by Marva
Wilson. Marva herself did not spent the money on drugs or parties, but she did give her
friend, Freya Pearson unrestricted access to her bank account. Two years later the money
was all gone. Freya had used her friend’s winnings to buy cars, and vacations for herself.
No matter how good a friend you think someone is, never give them access to your bank account.
8. Gerald Muswagon: $10 million was won by Gerald Muswagon in 1998 after hitting the
jackpot. Like other winners, parties, cars, TVs, and drug use depleted Gerald bank account.
Gerald even had trouble with the law and went to jail multiple times for sexual assault.
Winning the lottery seems like it could never be a hardship, however, in 2005 Gerald decided
to end his life, and hung himself in his parent’s garage.
7. Sharon Tirabassi: Like most winners, who blew off all their money, Sharon Tirabassi
didn’t grow up wealthy. When she won $10 million she spent it all on cars. Most famously
a specialized Cadillac Escalade that was customized to her liking. She simply wasn’t used to
managing money and now has to rent a home and work a part-time job just get food on
the table for her and her children.
6. Jack Whittaker: This rare winner was already a millionaire before winning $314.9 million
from the Lottery in 2002. Whittaker was proficient in financial spending, and even had a well-paying
contracting business. However, after being robbed multiple times, spending money on strip
clubs, and giving his granddaughter thousands, Whittaker found himself in a big financial
hole. To make things worse, his granddaughter was murdered during his financial downfall.
5. Lou Eisenberg: Living in a mobile home and visiting the dog track was how Lou Eisenberg
lived most of his live up until hitting the lottery in 1981. His $5 million dollar payout
was given to him in annual checks for 20 years, and for 19 of those years he lived like a
star. It wasn’t until 2001, when he got his last check that he realized that all his
money was gone. Still, Lou “wouldn’t have done it any other way” if he had to relive
the experience.
4. Alex Toth: According to Alex Toth, the best way to celebrate winning $13 million
is to spend 3 months in a Las Vegas Hotel that costs $1000 a night. After Toth and his
wife were done with the celebrity lifestyle in Vegas, they returned to Florida with their
Children. Back at home, Toth was attacked by the IRS for owing millions in taxes, and
was also arrested for growing marijuana. Broke and without a home, Toth moved in with his
son, and then died shortly after.
3. Bud Post: With only $3 in the bank Bud Post finally had his big break when he won
$16.2 million from the lottery. After his family got the news, not only did his landlady
demand a third of the winnings, but Bud’s brother hired a hitman to kill him. The story
doesn’t end after the unsuccessful murder attempt either. Bud spent off all his money
on cars, boats, mansions, and even an airplane. For the record, Bud didn’t even know how
to fly a plane. Next, Bud decided to fire a gun on a bill collector, and had to serve
jail time . What can we learn from Bud? Don’t buy a plane if you can’t fly it.
2. Callie Rodgers: At the young age of 16, Callie was the youngest person to win the
lottery in the UK. However, the 1.9 million pounds she acquired back in 2003 didn’t
last as long as she hoped. Due to being a young woman, she spent her money on plastic
surgery to better her appearance. In addition, she threw lavish parties that included a multitude
of drugs. Still, 10 years later and without any of the money left, Callie is studying
nursing, and says that she is “much happier now.” Although, she would probably be happier
with some extra cash in her pocket.
1. David Lee Edwards: Before hitting the jackpot, David spent a good amount of time in jail
for robbing a gas station. Then in 2001 he hit it big and won $27 million dollars. With
his criminal life in the past and money to start a new life, things looked bright for
David. Nevertheless, the lottery winner spent his new fortune on drugs, flashy cars, and
even a jet. The spending didn’t do any good for his health, and he eventually passed away.
Unfortunately, not even a small sum of his money was left over, and his family had to
cremate his body, because burying him cost too much.
Hey guys fresh here and thanks for watching my video on 10 Lottery Winners Who Lost it
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