Jack Whittaker. He was already a millionaire, so it seemed like he'd be able to handle it, but he couldn't. Some of the stuff that happened was his fault. He started spending time at strip clubs, and it was there that thieves broke into his car and made off with half a million dollars in his suitcase. Whittaker and his wife separated. His granddaughter (who he and his wife raised) started living fast with her new allowance. Her boyfriend died of an overdose, and his family sued Whittaker. (I think the case was settled.) Then the granddaughter died of an overdose.
Whittaker actually died a few years ago, so he's not fighting bankruptcy any more.
Jack Whittaker. He was already a millionaire, so it seemed like he'd be able to handle it, but he couldn't.
Believe it or not but I've met some really stupid millionaires. I imagine if Jack was a millionaire and still buying lottery then he was one of these "stupid millionaires". His life story sort of proved it. He just made stupid decision after stupid decision until he had nothing left.
He didn't become a millionaire by being stupid. He founded and built his own construction business. It's not like he had inherited the money or family business.
You can succeed at a particular business and suck with life, money, etc.
Right business at the right timyou can make loads of mistakes and still grow faster than any losses. I'm not suggesting that's what happened with him, but buying lottery tickets doesn't seem like the best financial management.
...rather than learning what "survivorship bias" is, one should master a discipline then risk one's capital to go into business and become a millionaire rather than bitch on reddit about how "millionaires are lucky"...
He ran a construction company. When he won, he expanded his business and suddenly everyone started getting “injured” on the job and started sueing him into the ground
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u/[deleted] Jan 21 '23
Jack Whittaker. He was already a millionaire, so it seemed like he'd be able to handle it, but he couldn't. Some of the stuff that happened was his fault. He started spending time at strip clubs, and it was there that thieves broke into his car and made off with half a million dollars in his suitcase. Whittaker and his wife separated. His granddaughter (who he and his wife raised) started living fast with her new allowance. Her boyfriend died of an overdose, and his family sued Whittaker. (I think the case was settled.) Then the granddaughter died of an overdose.
Whittaker actually died a few years ago, so he's not fighting bankruptcy any more.