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

Jonathan Vargas’ Questionable Investments

Vargas was only 19-years-old when he won just over $35 million on the lottery. He decided to blow most of his money on an all-female wrestling promotion called “Wrestlicious,” which fizzled out after only a year in operation. This and other bad investments led him to lose all his money in only a few years and he is now broke.

Crazy investments brought to lottery winners by family, friends, and complete strangers, are often cited as one of the main reasons lottery winners go broke. The more money these lottery winners take home, the crazier their investments often become if you look at their track records.