🇿🇦 South Africa 16h ago · Nato Zondagh

Here’s what this PowerBall winner did with his R10 billion windfall

The South African
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Here’s what this PowerBall winner did with his R10 billion windfall
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In November 2022, Californian Edwin Castro stopped for petrol at Joe’s Service Centre in Altadena and bought a PowerBall ticket that won him $2.04 billion (roughly R37 billion), the biggest lottery jackpot in history.



His story is a masterclass in what to do when life hands you a once-in-a-lifetime windfall.



What the Powerball winner paid in tax



Here is where it gets interesting.



Castro chose the lump sum payout of just under $1 billion (around R16.6 billion) before taxes.


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