Tag Archives: Investments

Lottery Winner Buys Bikes

An Idaho Powerball jackpot winner decides to spend his money wisely instead of splurging it all on a solid gold house and a rocket car.

Brad Duke, 34, a manager for five Gold’s Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005.

He does not want to end up like most Powerball winners in the past who would quickly run through his money. Instead he smartly assembled a group of financial advisers to help him achieve more wealth through diversified investments. He did not splurge on much. The first indulgence was a trip to Tahiti for him and 17 of his closest friends. After that he bought bikes including as $12k BMC! This is especially cool when you consider that he bought a 2002 Jetta worth $15k. So he basically has spent more on cool bikes than a new car. No shocking green Lamborghini for this lotto winner. Just a red and black BMC Time Machine perhaps?

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