Taking home the Mega Millions jackpot is a pretty good way to set yourself up for life, but it won't solve all your problems. Before Jack Whittaker won the largest Powerball payout in history--a whopping $315 million--he was already a millionaire, so you'd think he'd be able to handle it. Former garbageman Michael Carroll became one of the most hated men in Britain in 2002 when he took home the equivalent of $14.5 million in the National Lottery.
Another lottery winner who didn't really need the cash, Ibi Roncaoli was the wife of a successful Toronto gynecologist who pulled in a staggering $5 million jackpot in 1991. The easiest way to lose a fortune is to get involved in entertainment, and when Florida teen Jonathan Vargas took home a $35 million Powerball jackpot in 2008, the vultures started circling. One lesson that we can learn from this list is that people under the age of 20 probably shouldn't be trusted with millions of dollars.
I want to get a vending machine, with fun sized candy bars, and the glass in front is a magnifying glass.
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A Guy's Post-College Guide To Growing UpAffordable style, how-to's, & self-development for the everyday, 20-something man. We’ve all dreamed of being rich and winning a lottery is the easiest way to get rich quick. Ken won a cool million and quit his job as a machinist to move to California and start a car business with his brothers. Had $16.2 million drop into his lap in 1988 and today lives on food stamps and social security after his brother hired a hitman to kill him, an ex-girlfriend successfully sued him for a share of the money and his other siblings bled him white pestering him for loans.
When the weather won’t let you sharpen up your look with layers, you have to add visual interest in other ways.
You spend a lot of money on your spirits and craft bitters but the reason your cocktails don't taste as good as your favorite bartender's could be your afterthought tap water ice. One of the hardest career decisions you'll ever make: Knowing when it's time (and having the confidence) to leave your first real job.
No matter what anyone says, or what unforeseen events happen, how you feel is up to only one thing: How you respond. With a packed Saturday – brunch, a game with your boss, cocktails, and an evening spring concert series – you need an outfit that transitions both comfort and dress level. History is full of people who have cashed the big novelty check and then spiraled into a pit of poverty for a variety of reasons.

Whittaker took the one-time payout option, leaving him with $115 million after taxes, but that quickly got frittered away. With a little under six million bucks burning a hole in his pocket, Jay went out and spent the cash on a fleet of awesome cars. One would think that things would be all cupcakes and pap smears from then on, but Ibi was a mean drunk and a profligate spender. When British teen Callie Rogers hit a jackpot of more than $3 million in the National Lottery, she promptly started pissing it away. Probably a few times at work when your boss makes you do something tedious, or when you can't afford that vacation to Europe you've been meaning to take. But for those lucky few for whom the stars have aligned, what should be a joyous occasion can turn into a nightmare.
A company lent her money, using her winnings as collateral but she did not meet the payments when her uninsured son-in-law was taken ill. Rather than putting him on easy street, his ticket was a one way trip to hell and within 4 years all the money was gone. Most of these winners, unable or unwilling to say no let too many familiar hands into their suddenly deep pockets and spiraled down into bankruptcy and ruin. After all, if you're going to build a time machine into a car why not do it with some style?
He bought a hideous mansion, tons of crack, Rottweilers, and many more white-trash accessories. Unfortunately, nobody told him that the IRS expects a cut of lottery winnings, and when it was time to file his 1040 he found himself in the hole.
She paid $2 million in hush money to the father of her illegitimate child and blew even more at casinos and on booze.
Delivered in 20 yearly payouts of $666,666--quite an ominous number--it looked like the money would change their lives. Right before cashing in her ticket, she filed for divorce, thinking that she could keep her ex from getting a penny. With a collection of former WWE managers behind the scenes and some of the worst in-ring action ever, let's just say it didn’t take off quite like Vargas had thought it would. Rogers was introduced to cocaine by a boyfriend and spent over $400,000 on the drug in six years before getting clean. It’s estimated that one in three lotto winners lose their fortunes within a few years of winning.

Evelyn Adams won the New Jersey State Lottery twice in the 1980s with jackpots totaling $5.4 million. It’s a shame that something so wonderful as a cash windfall comes with such a hefty price tag and that one must transform into Ebenezer Scrooge or else risk asking the people you’ve loaned your winnings to for a handout in a few years. He blew through his money at a breakneck pace, and as of 2011 was back to collecting his weekly $80 unemployment payment from the British government.
Jay then hired a friend to manage his money, only to lose the rest of it in bad investments.
Before his win, he was a pillar of his community, happily married with three beautiful kids.
Her husband had no idea that her spending was so out of control, and when he found out she'd bankrupted the family, he murdered her with an injection of painkillers.
Unfortunately, the Toths got caught up in family and IRS problems, and by 2006 they were living in a trailer with the only electricity coming from their car battery outside. Unfortunately, when you have luck that good you sometimes want to let it ride, and Adams frittered away most of her score in Atlantic City. Lawsuits flew at him fast and furious and personal blunders along with handouts ate up the fortune. So the next time you’re purchasing that lotto ticket and wishing for that magic moment, be careful what you wish for, you might get it.
He also got sued by dozens of people, including a woman who claims he groped her at the dog track, and suffered through personal tragedy. But once he had a virtually unlimited amount of money, he decided to spend it on crack cocaine and smoked it all away. Two years later, he discovered her windfall and realized that he’d been played for a sucker. Within two years he was divorced, lost custody of his kids and charged with attempted murder.

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