The Massive Lottery Winners That Blew All Their Millions Away
- Easy Come Easy Go? How These Once Millionaires Lost Everything
- They Should Have Been Set For Life But They Had No Idea How To Handle The Money
Would You Be Able To Handle Millions Of Dollars Overnight?
It's the dream - the jackpot win that will supposedly solve all your problems and give you the life of luxury that you always wanted.
But is it quite as simple as that?
It has been reported that nearly one third of lottery winners go bankrupt. Yes you read that right.
The sudden influx of extreme wealth is never seen as a problem but as you are about to see it has destroyed many people's lives and many have felt that they wish they never had won.
Whether it's giving it away to friends and family's or throwing lavish parties almost all bankruptcies occurred when the winner was acting like they would be rich forever.
UK's Youngest Ever Winner Callie Rogers Won £1.8million
At just the age of 16 Callie Rogers was the youngest ever winner of the UK Lottery.
The £1.9million jackpot seemed like a dream come true for the teenager who was growing up in foster care. However in the years after her remarkable win her life took a turn for the worse.
After quitting her job as a checkout girl, Rogers admitted to not listening to any of the advice she received from those around her as she went on a spending spree that would put the Kardashian's to shame.
Jane Park Was 17 Years Old When She Won £1million
Another youngster losing it all here as back in 2013, at the age of 17, Jane Park was working as an office assistant earning just £8 per hour. One Friday after work, she bought her first ever lottery ticket that changed her life overnight.
The £1million jackpot made her the youngest ever EuroMillions winner and she didn't waste any time spending it.
The Edinburgh born teenager bought a new flat, 3 new cars (VW Beetle, Range Rover and BMW), spent £50,000 on cosmetic surgery and over £50,000 on designer handbags.
Park also loves a night out and regularly racks up hundreds if not thousands on drinks.
Peter Kyle Won The Lottery And Blew It All On Drugs
In 2005 Peter Kyle from the UK thought he would be living the life of luxury after he scooped the £5million jackpot.
He spent his new found wealth on a five-bedroom mansion with a swimming pool, sauna and mini-bar.
In addition to the new house he splashed out on 3 new high end cars including a £40,000 new Mercedes.
Within three years the lottery winner had his house repossessed and was working at the £15-per-night Rooms Hotel in Plymouth. How?
Matt Myles Blew Half His Winnings On A 10 Month Holiday
Matt Myles from Hereford in the UK was working in factory when he struck the £1million jackpot. The 27-year-old was young, free and single so decided to take all his mates on a 10 month bender around the world, all expenses paid of course.
His first stop was Bali where he spent £10,000 in ten days on drinks and hotels.
Next up were Thailand, Brazil, Ibiza and finally New York where the Englishman bought over 150 bottles of vintage champagne and had hooked up with over 100 women.
South Korean Janite Lee Won $18million
The chances of you going bankrupt become higher if you win the Lottery. Wow.
Whilst to seems that tens of millions of dollars should set you up for life it seems that so many just go on a crazy spending spree. That is what happened to Janite Lee who in 1993 won $18million.
Although Lee did purchase a luxury mansion over a million dollars the rest of her spending was selfless as she donated millions to charity.
Coming from a poor background the South Korean immigrant knew how hard many had it and gave a vast amount of her new acquired wealth away to good causes.
William Post Won $16.2million
At this point you might be thinking that it's understandable to lose a couple of million dollars as a new house can take a large chunk of those winnings. But you have to wonder how people end up broke and penniless when they have won $16million on the Pennsylvania Lottery?
That is exactly what happened to William 'Bud' Post in 1988...but it wasn't completely his fault.
If you have a brother who tries to kill you in order to get your money and a ex-girlfriend who sues you for her share of the winnings, you might get the feeling that your family and loved ones might not want what's best for you.
Keith Gough Won £9million And Drunk Most Of It Away
In 2005, at the age 58, Keith Gough was enjoying a happy life with his wife Louise, working as a local baker. Life was simple but meaningful for the father of two who won a staggering £9million on the Lottery.
Within two years his wife had left him, he had lost touch with all of his friends and he was an alcoholic.
What did he blame for his demise? His Lottery win.
For a while things were going great - a new mansion, a box at his favourite soccer team's (Aston Villa) stadium, a few racehorses and a new BMW.
Tragic Story Of Andrew Whittaker's $300million Powerball Win
Jack Whittaker's huge $314million scoop back in 2002 was meant to be one of the happiest times in his life but just years later he says that he wish he had "torn up the ticket".
The West Virginia construction worker was a massive family man and had a larger than life personality but little did he realise the traumatic events that would follow from the the huge jackpot he won on Christmas Day.
Like many other winners Whittaker spent his winnings lavishly on those around them and ended up giving his 16-year-old grand-daughter thousands of dollars a week and multiple cars. Within two years she had become a drug addict and was found dead in the back of a van.
Ibi Roncaioli's Secret Life After Lottery Win Revealed
In 1991, both Ibi and her husband Joseph Roncaioli were living a comfortable middle class lifestyle in Canada when Ibi struck it lucky on the Lottery.
On the surface it looked like the couple would be going on to live the high life but things were about to take a dark turn for the worse.
Unbeknown to her gynaecologist husband, Ibi had two 'secret' sons with another man all these years. She decided to give a large part ($2million approx) of her winnings to her children.
"Lotto Lout" Michael Carroll Won £9.7million
Michael Carroll became the infamous "Lotto Lout" in the UK for the lavish way he spent his fortune.
In 2002, at the age of 19, the bin-man bagged nearly £10million and didn't waste anytime squandering it.
Drugs fuelled parties and prostitutes were a regular occurrence at the youngster's new five bed mansion in Norfolk, where he claims to have had over 4,000 partners!
Before the jackpot scoop, Carroll and his fiancé, Sandra, were planning for their first child as Sandra was 7 months pregnant.
Within months of the win Sandra had moved out as she grew tired of the number of infidelities from her out of control husband.
What Lottery Winner's Failures Teach Us
Did all these lottery winners just have bad luck? That would be ironic.
Building wealth is a skill and unless you learn the secrets of achieving it you will fall to the same vices and temptations that these failures did.
Not only did these one-time millionaires lose all of their wealth but nearly every time they also lost their family and died lonely...a sobering thought.