$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.
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http://www.nydailynews.com/news/national/254-million-powerball-jackpot-wealthy-greenwich-conn-money-managers-article-1.983572#ixzz1f2aXQm5d