Man Won Rs 16,000 Crores In Lottery !! Here’s What All He Bought Within Minutes !
Written by Surithi J Published on Mar 10, 2023 | 18:49 PM IST | 187
Man won Lottery – In today’s world, the idea of winning a lottery seems like a far-fetched dream for many. But for one Californian man, this dream became a reality when he won a whopping jackpot worth more than Rs 16,000 crore. The 30-year-old man, Edwin Castro, quickly decided to acquire a property in one of the most expensive regions in the world – the Hollywood Hills area of California.
According to reports, Castro paid a staggering $25 million for his opulent residence, which boasts an impressive total area of 13,578 square feet. This three-story mansion has a breathtaking view, with glass partitions on the ground floor, a barbecue grill outside, and all contemporary amenities, including a gym, movie theatre, wine cellar, swimming pool, and sauna. It also has a rooftop deck and its own balcony, as well as two garages with enough room to accommodate at least seven vehicles.
The Hollywood Hills area of California is renowned for being home to many Hollywood celebrities, and it is widely considered one of the priciest locations in the world. In fact, Castro’s new property is in such a luxurious neighbourhood that it even outshines the personal assets of one of India’s most renowned industrialists, Ratan Tata, who owns almost 4,000 crore rupees worth of property.
Castro’s mega lottery win of $2 billion (Rs 16,407 crore) in November 2022, made headlines around the world. Despite extensive media coverage of him, Castro chose not to interact with the media. However, news of his purchase of the pricey mansion soon made its way to the press.
It is interesting to note that Castro reportedly made the decision to accept the lottery winnings all at once, rather than in installments. By doing so, he collected a total of $997 million, or Rs 8,180 crore, after tax and other reductions. This allowed him to make such a large purchase in cash, without the need for a mortgage.
The decision to take the lottery winnings all at once is not always the best choice for everyone. Some people prefer to receive their winnings in installments over a period of years, as it helps to manage their money better and ensure financial stability in the long run. However, for Castro, the decision to take the winnings all at once seems to have paid off, as he was able to purchase his dream home in one of the most exclusive neighbourhoods in the world.
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