£2.4 million UK lottery winner opens up 17 years after win

Comment #9

GiveFive — Thu, 19 Aug 2021 11:44:13 GMT

Everybody thinks life becomes a breeze when you win/inherit a lot of money, but the reality is that it doesn't. Having a great deal of money means you have to work hard at preserving it. If you dont know how to do that, (most people who have never had a lot of money have no knowledge of what to do so as to able to keep it) it's very likely it wont last.

So the best thing anybody can do, if they dont know how to preserve their wealth, is to hire a team of professionals to manage it for you. I... [ More ]

Comment #8

hearsetrax — Wed, 18 Aug 2021 09:07:25 GMT

to each his/her own .....

and I'm happy and have no doubt Hes much satisfied with his life now and hopefully his future will be equally rich

Comment #7

Speler — Wed, 18 Aug 2021 09:06:08 GMT

2.4 million would be 3.77 million today then. - Yes, if he could make it that amount, so his money is 1.53 million today. If he did bad investments he can have lost up to all of his money. - On his house, he has to pay taxes every year. If there were errors in the construction, then he has to pay repairs. In a worst case, a building is torn down. If he has a million giving 10% net interests or net dividends then he has of that 100000 pounds a year of that money. Roughly, 2400000/12month/80years

Comment #6

Aidan08 — Wed, 18 Aug 2021 06:16:29 GMT

If I were him, I would just buy an island and isolate from people.

Comment #5

kao1632 — Wed, 18 Aug 2021 05:05:25 GMT

An inflation adjusted that 2004 to 2021 is 157% increase.. 2.4million = ~3.77 million.. But that doesn't really tell the story.

Back in 2004 the median wage was about 28k pounds.. making the win more than 86 years' wages (remember, that 28k is before tax while the 2.4 million is tax free...)

So, if you don't waste it (and he bought a house and invested money).. then the money can last..

and if he wants, he can get a day job...

If he invested over half the money 17 years ago... [ More ]

Comment #4

PrisonerSix — Wed, 18 Aug 2021 04:03:02 GMT

I'm happy for this man. I'm sure there are others like him out there.

He enjoyed himself traveling and now leads a quiet life.

Best way to go.

Comment #3

Mata Garbo — Tue, 17 Aug 2021 21:15:42 GMT

Great job by this guy. Critical thinking at such a young age. It's really good that the National Lottery connected him with prior winners for support, but since he is in Great Brittan, that is the home of The Lotto Lout Michael Carroll. No lottery winner on earth should ever take advice from Michael.....lol. Love this story Kate.

Comment #2

Speler — Tue, 17 Aug 2021 21:09:42 GMT

2.4*1.17=2.808 million euros.

How long can you live of it? Can you make some of it resist the inflation

Comment #1

Bleudog101 — Tue, 17 Aug 2021 20:10:43 GMT

The second sentence of the second paragraph summed everything up. And a gift from his Mum.

He definitely has a good head on his shoulders and very family oriented. By staying anonymous and good investing he avoided some serious pitfalls.

Sister is lucky, pardon the pun, to have a Brother like him.

£2.4 million UK lottery winner opens up 17 years after win

Lottery Post — Tue, 17 Aug 2021 19:54:39 GMT

Lucky player offers a glimpse into his normal life

By Kate Northrop

More often then not, it's the unfortunate lottery winners we hear about years after the big win, but one UK winner opened up about how he maintained both his wealth and normalcy after winning 2.4 million (US$3.3 million) 17 years ago.

Ben Woods of Rock Ferry did what any person might do after winning the lottery travel abroad and go on vacation. While most advertised stories chronicle the downfall of unlucky lottery win... [ More ]