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Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc.  - Denver Real Estate - 720-231-6373)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

$780.5 million is what their lump sum is supposed to be.

Sep 21, 2022 03:06 PM
Rainmaker
2,784,566
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When someone gets (or can get) all that they want, all the time, they are in for a rude awakening of a sort. Excess becomes the norm and while it first satisfies, it quickly becomes like a drug where you cannot help yourself and it takes over eventually changing your whole demeanor. The smartest thing anyone can do with any excess is to moderate it or it will own you. 

Sep 22, 2022 05:59 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 I wish them the best.  There is something called, "The Curse of the Lottery".  I hope they don't come under it.

Sep 21, 2022 05:32 PM
Rainmaker
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Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

They might move to Florida?  Lol.

Sep 21, 2022 02:23 PM
Rainmaker
5,877,335
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I would love to hear they would want a property in Denver!

Sep 21, 2022 05:08 PM
Rainmaker
1,323,044
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The winners are undergoing a live changing event! My hope is that they use the money wisely. We can all only wonder what we would do in the same circumstances.

Sep 21, 2022 04:49 PM
Rainmaker
1,571,490
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Wonder if they're gonna try and buy Twitter...

Sep 22, 2022 09:43 AM
Rainmaker
1,846,901
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

They did finally show us who they were but I can't remember if they released the names. 2 friends - hope it stays that way.

Sep 22, 2022 06:43 AM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

...and to remain anonymous; good for them!

Sep 22, 2022 05:48 AM
Ambassador
5,060,544
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hopefully they won't succumb to the issues some other lottery winners have experienced.

Sep 21, 2022 08:26 PM
Rainmaker
808,279
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

What do they actually walk away with Joan do you know? Here in Canada lottery winnings are not taxed you would walk away with the full amount.

Sep 21, 2022 06:00 PM
Rainmaker
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John Pusa
Glendale, CA

Hello Joan Cox most likely they will buy homes in different areas too.

Sep 21, 2022 04:50 PM
Rainmaker
766,079
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would take the annual distribution and leave it to my two daughters.  I figure that over the years they will become more wise with money and have funds to last and pass on to my grandchildren.

Sep 24, 2022 10:53 AM
Rainmaker
1,201,477
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good for them. Their lives have been forever changed. I hope they live happy lives

Sep 23, 2022 07:25 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hopefully they will call me for a very high end retirement home up north.

Sep 22, 2022 11:10 AM
Rainmaker
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Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

We can all be ready for multiple purchases.  It appears Step 1 was to research before collecting.  They may be in good hands. We may see a new charity created as a result of this income.  We never know😎

Sep 22, 2022 06:40 AM
Rainmaker
5,239,023
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

With proper planning they will both have approximately 250 million in their pocket after taxes. Some big pockets!

Sep 22, 2022 04:55 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

And then be ready to help them out in a year when they're bankrupt and facing foreclosure.  The overwhelming amount of lottery winners end up bankrupt after that first year.  They spend and never think about the taxes they'll have to pay.

Sep 21, 2022 08:07 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

The Federal tax plus the State tax will take its toll leaving about $234 million to play around with. Not too bad of a return for a $2 piece of paper. There's surely value added when the anonymity is factored into it. 

Sep 25, 2022 04:38 PM
Rainmaker
1,748,664
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Maybe they'll want to have a home on Maui too... happy to pay a referral fee if anyone sends them my way!

Sep 24, 2022 03:03 PM