I stumbled upon an article about lottery winner Brad Duke. In 2005, Brad won a $220 million lottery and took home $85 million lump sum after taxes. Since then he’s invested the money very wisely in real estate, fixed assets, secure investments, stocks, etc. He has a team of full-time advisors working for him. In 12 years his goal is to grow his net worth to $1 billion. This is a guy I can really admire. He wants to do it so he can give back and do the things that he wants to do. He talks about this plan in a recent article in Fortune Magazine.
A lot of lottery winners meet misfortune because they don’t’ know how to manage their money and end of spending all of it and declaring bankruptcy. Brad’s way of managing his sudden wealth is definitely the way to go. He still keeps the same job he had before as a fitness instructor and drives the same model car. Lots of luck to him. And here’s hoping some of that fortune runs my way!
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