TOP 10 Lottery Winner Losers

[Lorence.xD]

If you ever wonder at one time if you win the lottery or generally hit the big money, and planned what you would do with it after the fact. Then this is a list of what not to do, avoid and learn when you find that big pot at the end of the learn. This list is comprised of people that won big money but lost it in a mixture of deceit, tragedy and greed. Hopefully after scouring through the list, we can learn something.

• 10. Amanda Clayton, 2011
  Winnings: $1 million
  ($1.03 million today)
  
  She was so frugal or cheapskate even because she still applied for food stamps which lead to her getting charged with fraud.
• 9. Evelyn Adams, 1985 and 1986
  Winnings: $5.4 million
  ($11.6 million today)
  
  She won the lottery twice but she was reported to be living in a trailer. This is what happens when your no good relatives suck up to you when you won big money. Tip for future lottery winners, wear a mask so your distant and shitty relatives will not come flocking to you for money.
• 8. Jay Sommers, 1988
  Winnings: $5.8 million
  ($11.4 million today)
  
  Cars is the least that you should think of when you hit the big money. This dude blew it on five cars, which means that he is owning five liabilities in his net worth.
• 7. Sharon Tirabassi, 2004
  Winnings: $10 million, Canadian dollars
  ($11.75 million, Canadian today; $11.4 million U.S.)
  
  She did blew the fortune with luxuries but she was also practical in putting trust fund for her children.
• 6. William “Bud” Post III, 1988
  Winnings: $16.2 million
  ($31 million today)
  
  Again another case of family members sucking up to your fortune. The problem came when he filed for bankruptcy; his brother attempted to kill him, landlady forced her to give her part of the wins, and an assault charge. He tried to pay the debts but it was a futile effort.
• 5. Janite Lee, 1993
  Winnings: $18 million
  ($29 million today)
  
  Commendable expenditure of the fortune by donating. Others are just the same as others, luxurious house in a gated community and a political luncheon for Bill Clinton.
• 4. Jeffrey Dampier, 1996
  Winnings: $20 million
  ($29.8 million today)
  
  Man got divorced after winning the lottery which means a lot of money for the ex-wife. His misery is like a movie when he moved to Tampa, Florida, an affair with his sister-in-law and ending up with him getting murdered by his mistress. The mistress was sentenced 3 life-terms.
• 2 (tie). Abraham Shakespeare, 2006
  Winnings: $31 million
  ($36 million today)
  
  This one is a murder mystery novel type of tragedy, a woman was charged with first-degree murder after the fact that she agreed to manage the 1.8 million of the winnings. Man was found dead under a slab after missing for 4 years after giving the money to other people.
• 2 (tie). Billy Bob Harrell Jr., 1997
  Winnings: $31 million
  ($45 million today)
  
  Another case of family and relatives you hate sucking up to your fortune. He was practical on what to spend his fortune on but again family loans started. I think when you get this kind of fortune, you also should get an iron balls to reject this leeching beggars.
• 1. Andrew Jack Whittaker Jr., 2002
  Winnings: $314 million
  ($408 million today)
  
  This one takes the cake, “Christian” foundations receive 10% of the winning. He also started a foundation with 14 million. The clerk here is the luckiest winner in this whole story, all the clerk did was give the ticket to him and the clerk got a lot than she could imagine. The remaining money was spent on gambling, strippers, this man knows where to put his money haha. He was later sued for bounced checks and most of his money stolen through forged checks.

List source:https://www.thinkadvisor.com/2013/10/09/top-10-biggest-lottery-winning-losers/

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[yazher]

Sometimes things like this would happen not only to them but for us as well if we don't use our mind well and get carried away easily. You know what, I may say this is a good thing in some other way because if we reflect well from what they have done, obviously we won't gonna do what they did. In that case, we could learn from their mistakes and proceed with our own plan by skipping the thing they are fallen to. Man, we are talking millions of dollars here but they just lose it like it didn't get wet in their hands.

[Genemind]

This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.

[safari88]

we can't blame them blame them for me if i'm going to win such amount my first thing i'll buy is a lambo but this post made me realize that the money can be easily go away if you don't use properly i think i should do some rethinking and invest it to somewhere where it can be a profitable in the future.

[molsewid]

I will choose not to win the lottery if the same problem above will happen to me someday. You already feel you're too lucky, and then after how many months or years living the rich life, you're going back to your normal life plus big tons of loans. These Top 10 winner losers stories should be a lesson to the future lotto winners.

[pakhitheboss]

These top 10 winners show how tough is to maintain free money. The all became rich but after sometime again became rag. When you suddenly become rich you basically panic and destroy whatever you had earned. Being lucky sometimes can be a curse too. After reading this topic I would like to remain as I am now.

[Lorence.xD]

This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.

There is an actual term for this called Sudden Wealth Syndrome and yes it is pretty debilitating if you do not know what to do with all this money. There are a lot of documented cases about this spanning from lottery winners to investors around the world. Your story just proves that greed can take you a long way and make you do things even if the consequences outweigh the reward at hand. As long as humans do not learn of contentment, greed will forever be present.

[john_nautica]

If you are trying to luck for a long time in lottery you will get used to losing but when you won such amount you would really do anything you like with the huge money like that I think there's nothing wrong to enjoy it but we should always have a plan just in case we won.

[Ucy]

Well, this is part of the reasons why anonymity/privacy is important. I'd  prefer to bet/rewarded privately... If I win i wouldn't need to appear publicly to claim my prize.  I never really fancied the idea of making the names of the winners public. I think it's abit important though... The physical evidence/presence could convince lots people. I guess they could make the public rewards or showing the winners publicly optional (if it's not already)...


Nothing really bad in giving lots of people part of the prize. I would make sure that those who benefit from my gifts use them properly and "bear fruits". There could be signed agreements with them, like this: "if you do well with this money/gift within this space of time, I won't collect it back but if you don't, I will".
By the way, I wish more people win from the hugh prize money rather than a single person. And I will make sure more money randomly goes to people with good reputation/records.

[Beparanf]

It's not clear for me why some on the list become loser while they are just being misfortune on there life like being murdered or being charge for false accusation. The word "Unfortunate" is more appropriate than losers because they didn't waste there money when they are alive.

This kind of story is always happening to a person that hit jackpots. Only few manage to secure there wealth because most of the winners don't know how to manage that's way they are betting on lottery game to get an instant wealth. It

[acroman08]

what a tragedy. some(maybe all) of these people probably thought they have finally got out of the hard life but then ending up getting killed or sued or being used by someone.
sometimes it is hard to argue with the logic of "money is the root of all evil"

It's not clear for me why some on the list become loser while they are just being misfortune on there life like being murdered or being charge for false accusation. The word "Unfortunate" is more appropriate than losers because they didn't waste there money when they are alive.
-snip

I thought so too. some of this is just tragedy and out of the winner's control.

[Wexnident]

When the god of luck was about to bless you with the lucky ticket, but you tripped and ripped it apart. Unlucky for most of them, those that donated are actually not losers imo, they just don't need that money, or they don't really have anything else better to spend it on. The others on the other hand though, especially the one with the cars. Buying cars with what you basically won through luck instead of investing to make it grow more is pretty stupid, especially since cars, when used, only needs one single moment for it to be completely ruined.

Well, this is part of the reasons why anonymity/privacy is important. I'd  prefer to bet/rewarded privately... If I win i wouldn't need to appear publicly to claim my prize.  I never really fancied the idea of making the names of the winners public. I think it's abit important though... The physical evidence/presence could convince lots people. I guess they could make the public rewards or showing the winners publicly optional (if it's not already)...

Well, most cases of what happened were a result of the family knowing them winning though tbf. Though tbh, I'd also hide it, not only from the public eye but literally everyone else. I'd invest it slowly and would only reveal it when I have a way to earn a stable income that would make me live quite comfortably.

[Gotumoot]

It doesn't matter how big your winning is or how much money you have if you couldn't manage it for sure you would just lose it all.
Things you should consider when you have money is so important and you should always remember who was with you when you have nothing and who shows their true face.
Not everyone would support, cherish or even respect you when you lost your money everyone would love you and respect you when you have everything but not everyone would stay that way when you lose it.

[jademaxsuy]

This one takes the cake, “Christian” foundations receive 10% of the winning. He also started a foundation with 14 million. The clerk here is the luckiest winner in this whole story, all the clerk did was give the ticket to him and the clerk got a lot than he could imagine. The remaining money was spent on gambling, strippers, this man knows where to put his money haha. He was later sued for bounced checks and most of his money stolen through forged checks.

What in the world with that man. 10% of winning given to that guy is a good chance build a life not only just a house and lot but also investment like businesses that one do like. There is a big flow of money there but well that is his life and it did happen already so hopefully he did regret it. Anyway, I was just amaze by the list OP had shared about the winnings of some people had made. Relatively they got a good winnings and they are very lucky. Well, it seems only few are really lucky in the lottery and they are the few in the list.

[shoreno]

It doesn't matter how big your winning is or how much money you have if you couldn't manage it for sure you would just lose it all.

we can see that people on the list spend thier winnings on material things or physical things that they think can make them happy but whats wrong with that?

you still have your material things with you when you dont have money left in your purse and you can still sell those to have a cash again but those that are spent in strippers , clubbings , drugs and other bad stuffs those are not a good influence even if they say that this still give them happinnes . once you spend them on here you cant see your money again

[robelneo]

The one thing that can ruin and build your fortune is your GREED in accumulating things that you desire and all you want in life, when you hit the jackpot, suddenly you have the means to fulfill all the desires that haunt you over the years.

It will spell disaster if you don't know how to moderate it, how to handle it properly and you are not a morally sound person, I have seen and we have records like this, where they hit the jackpot and suddenly back to zero after a few years because they cannot handle themselves properly and let the greed take over them.

[bitcoin31]

It's hard to win to the lottery and those people who are winning money they are lucky because they wina lot of money but sad to say that not all them are wasting their money or not use in he right thing. My dream is to win also that money even small amount m very thankful for that and I will use it for the right thing.

[swogerino]

It is very sad to see the majority of these persons ending real bad because of their relatives.There is a lot to learn here and the first lesson I can see here is to put 60% of the money in your bank account and the rest to not be spent of gambling or luxury devices.I feel the most sorry for the guy who had an affair with his sister in law and he was murdered,murder is never justified not matter what were the reasons behind it.

[perla]

If I'm going to win a jackpot I wouldn't tell anyone about it maybe just my very close family member since if the whole family knew about it I'm pretty sure they will all come to you begging for money. Well it's not bad to give but if you know that it might affect your winnings or might think you were abused by some begging I think you should stop and start to plan what you should do with the money.

[Debonaire217]

It's quite sad that the last winner won a very huge amount of money but his winnings are taken away buy forged checks which state that banks aren't that good at verifying withdrawal. Despite of that, I like the way that he still donated 14M of his winning to a charity which proves that gambling can bring good things and to dispute the misconception that gambling is about wasting money. I can say, it depends on how we handle our bets and how we decide where to put our money in.