Too bad a poor person didn't win
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Anonymous
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$254 million Powerball jackpot goes to wealthy Greenwich, Conn., money managers
Trio who work at boutique firm will split $104 million after taxes; they say some will go to charity BY LINDSAY GOLDWERT NEW YORK DAILY NEWS Monday, November 28 2011, 3:44 PM Pat Eaton-Robb/AP From left, Tim Davidson, Brandon Lacoff and Gregg Skidmore, three asset managers from Greenwich, Conn., claim a $254 million Powerball prize on Monday. Chalk it up as another win for America’s wealthiest 1%. Three money managers have won the $254 million Powerball jackpot,the largest in the history of the state of Connecticut, according to the Associated Press. Tim Davidson of the boutique Greenwich, Conn., firm Belpointe Management purchased the ticket at a gas station for $1. He and his fellow co-workers Gregg Skidmore and Brandon Lacoff quickly created a trust to protect their winnings, which will total approximately $104 million after taxes. At least two of the winners reside in Greenwich, one of America's wealthiest towns. The small, 23-person firm specializes in wealth management and real estate. The bankers told the AP that they would be giving some of the money to charity. “It feels good,” said Skidmore. Ranjit Singh, the manager of the Getty gas station that sold the winning Powerball ticket, will also get a small slice of the prize. The station will receive $100,000 for selling the winning ticket. Read more: http://www.nydailynews.com/news/national/254-million-powerball-jackpot-wealthy-greenwich-conn-money-managers-article-1.983572#ixzz1f2aXQm5d |
Anonymous
| Yeah, that's no fun. I love lottery stories where the winnings will make a giant different for someone. Like that group of African immigrants who worked in a slaughterhouse, and split a big jackpot eight ways or something? I might have some details wrong, but it was sweet. |
Anonymous
| I was thinking too bad I didn't win.... |
Anonymous
| Meh, lots of poor people win the lottery ... they can't win all the time... |
Anonymous
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Trust me, I work with a company that works with lottery winners.
Most of them are bankrupt within a few years. |
Anonymous
Just curious - Do you think the ones who had money to begin with are better off at managing their lottery winnings vs. the ones who didn't have much money to begin with? |
Anonymous
| I think anyone who goes out on a limb and buys a ticket deserves a chance to win. Rich or poor. |
Anonymous
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PP here, yes the ones that know how to manage money will do fine.
The poor who become suddenly rich go bankrupt because they buy everything on credit. Houses for all their family members, cars for all their friends. They end up owing more than their winnings (also often because they fail to account for taxes). |
Anonymous
| Eh. Anyone genuinely poor shouldn't waste money on the lottery. |
Anonymous
It's the luck of the draw and you only need one ticket to wn. |
Anonymous
| DH's cousin won a lottery with a group of coworkers several years ago. She made a few small changes to her lifestyle and quit her job at the supermarket after management gave the winners a hard time. |
Anonymous
I dunno. $50 blown on lottery tickets is a week's lunch money for a poor person, but it's peanuts for the Greenwich guys. |
Anonymous
| Are they young? I love it when young people win. Can't stand it when old, bitter people looking to even some imagined score win. |
Anonymous
| Maybe they will be able to manage their winnings well and donate much during their lifetime. |
Anonymous
Good for them, but seriously WHY CAN'T I WIN THE LOTTERY? Is that too much to ask?? 
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