25 Lottery Winners Who Lost Every Penny

Who hasn’t dreamed of winning the lottery? Just thinking about all those millions of dollars and what you could buy; dream houses on the beach in Malibu, fancy restaurant meals, cruising the French Riviera on your own yacht! It all sounds so sweet!

Unfortunately, this rarely happens to lottery winners. On the surface, you would think that all of the problems in their lives would disappear, but the truth is, most lottery winners end up unhappier than they were before they won.

Take a look at these 25 “lucky” lottery winners and what happened to their money, as well as their lives, after hitting it big.

Michael Carroll – Spent $14.4 Million


At the age of 19, Michael was working as a garbage man in England. He won a lottery of 9.7 million pounds (approximately $14.4 million dollars at the time). He was an ecstatic young man when he won in 2002. He promptly bought gold jewelry, a mansion, and spent lavishly at any party he could find.

In just 10 years’ time, Michael was broke and had to file for unemployment. He tried to sell his mansion, but the market was in a downturn and he lost $600,000 on the sale. Today, he works in a slaughterhouse making about $511 a week but claims he really has no regrets about the way things turned out.


The information provided on TheBrainyPenny (www.thebrainypenny.com) is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Reliance upon information in this material is at the sole discretion of the reader. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. We expressly disclaim any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

Do NOT follow this link or you will be banned from the site!