Paying $2 for a lottery ticket is like buying a cheap daydream. Visions of unlimited wealth dance in your head — until the numbers are drawn and the ticket ends up in the trash.
For Edwin Castro, 33, that daydream turned reality when the ticket matched all six numbers in a 2022 Powerball drawing, making him a $2.04 billion winner of the biggest lottery jackpot in world history, according to the California Lottery.
His winnings were halved after he opted for a lump-sum payment, and the lottery deducted 24% for federal taxes before issuing an award of $758 million. His actual taxes were likely higher. USA Today reported his net proceeds were actually $628.5 million.
Before using some of that money to buy at least a dozen lots in Altadena’s wildfire burn zone, Castro spent $25.5 million on a 13,368-square-foot mansion in the Hollywood Hills. A week later, he paid nearly $4 million for a five-bedroom house in Altadena for his parents, according to media reports.
The price tags for his 12 recent Altadena lot purchases have been more modest, ranging from $530,000 to $950,000 apiece. Altogether, the 12 purchases totaled $8.9 million.
At Joe’s Service Center in Altadena, where Castro bought his $2 lottery ticket, the owner still displays a sign stating, “BILLIONAIRE MADE HERE.”
County property records show Castro’s company, Black Lion Properties LLC, made the following lot purchases in Altadena:
1369 Skywood Cir., 23,760 square feet: $950,000. 1342 Rubio Vista Rd., 21,740 square feet: $800,000 575 Athens St., 16,319 square feet: $878,000 1276 Rubio Vista Rd., 15,431 square feet: $825,000 614 Wapello St., 13,692 square feet: $780,000 564 Wapello St., 13,579 square feet: $850,000 3349 Fair Oaks Ave., 10,890 square feet: $657,500 411 Alta Pine Dr., 10,360 square feet: $700,000 345 E Mendocino St., 10,020 square feet: $715,000 94 W Poppyfields Dr., 9,727 square feet: $629,000 366 W Mariposa St., 9,666 square feet: $605,000 3175 Grandeur Ave., 7,536 square feet: $530,000Hence then, the article about altadena s powerball lottery winner got at least 628 5 million after taxes was published today ( ) and is available on Los Angeles Daily News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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