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

David Lee Edwards

After splitting a $280 million Powerball with friends, David Lee Edwards bought whatever his heart desired. Spending $1 million on cars, $600,000 on real estate, $78,000 on a single watch, $4.5 million on a fiber-optics installation company, and $1.9 million on a jet. He also bought various expensive medieval weapons, which helped leave him penniless. In just one year, he blew through $12 million dollars and had to foreclose on his house, all while he and his wife faced multiple run-ins with the police. Edwards died due to complications from hepatitis a as a result of his drug problems.