You Win Some, You Lose Some: Lottery Winners Who Lost Everything

William “Bud” Post Was In Debt When He Died

In 1988, William “Bud” Post won a massive $16.2 million lottery. He was quick to spend $300,000 on gifts and investments like a liquor license, a Florida restaurant lease, a used car lot, and a mansion. Post lived a reclusive life, was estranged from most of his siblings and had been married seven times already when he won the lotto.

Soon after his win, unfortunate things started happening to him. Relatives begged him for cash, an ex-girlfriend sued him and his own brother even tried to have him killed. By the time he passed away 18 years after his big win, he was $1 million in debt and had been living off food stamps.