ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Man Won £4 Million On Lottery Refuses To Give Any To Family
Home>News
Updated 11:12 10 Jan 2022 GMTPublished 11:07 10 Jan 2022 GMT

Man Won £4 Million On Lottery Refuses To Give Any To Family

A lottery winner has shared on Reddit how he plans to give no money to his family

Anish Vij

Anish Vij

google discoverFollow us on Google Discover

A lottery winner has revealed how he has absolutely no plans to give any of his winnings to his family.

The 24-year-old man on Reddit claims he won a whopping £4 million ($5.6 million) jackpot before sharing how, after paying off their debts, he won't be shedding a dime to his loved ones.

Alamy

He wrote: "Background: I and my wife are both 24 years old.

"Every month we buy a lottery ticket for fun. Well, we won big.

"After the lump sum fee and taxes, we won around 5.6 million dollars.

"After paying all our debt (student loans, house mortgage, car loans) we had around 5 million left.

"In case you don’t know 70 percent of lottery winners go broke after a few years.

"Me being in the financial sector didn’t want to be in the 70 percent and also never have to work a real job again."

Alamy

He added: "What we did was invest 3 million in a combination of mutual funds, REITs, and preferred stock funds for a very steady hands-off extremely low-risk solid return approach."

"With the 2 million we ended up buying a 5 million dollar apartment complex that cashflows and will give a high return with low risk.

"When I told my family I thought the first reaction would be exciting for me and how we were financially responsible with the money.

"But that started talking about a huge family trip, how I was paying for all their debt, and more."

The Redditor said he then informed his family how they weren't getting any more cash.

Alamy

He went on: "I explained 5 million is a lot but not enough where I will be giving it away to family and they got p***ed.

"They said I wasn’t welcomed in this family and that I shouldn’t every talk to them again.

"I think I’m in the right because I’m doing what’s best for me and my wife. "So do you think I’m the a**hole?

One user commented: “You’re no longer welcome in the family because you didn’t give them your money? The entitlement is nauseating.”

A second agreed: “Your family has shown you that blood is not thicker than money.”

Another wrote: “I’m someone who definitely would give a lot of it away to family, but there is not a single thing wrong with securing your future with it.”

Featured Image Credit: Alamy

Topics: Reddit, National Lottery

Anish Vij
Anish Vij

Anish is a Journalist at LADbible Group and is a GG2 Young Journalist of the Year 2025. He has a Master's degree in Multimedia Journalism and a Bachelor's degree in International Business Management. Apart from that, his life revolves around the ‘Four F’s’ - family, friends, football and food. Email: [email protected]

X

@Anish_Vij

Recommended reads

Ann Widdecombe was attacked nearly 24 hours before she was found dead, police reveal in latest updateIan Forsyth/Getty ImagesWhy Erling Haaland wears blue glasses in health hack that helps make him be lethal on the pitchInstagramAI slop warning issued to businesses as customers call out ChatGPT advertsGetty stockFIFA weather delay rules explained as huge warning issued ahead of England vs Norway tonightMaja Hitij - FIFA/FIFA via Getty Images

Choose your content:

an hour ago
2 hours ago
  • Ian Forsyth/Getty Images
    an hour ago

    Ann Widdecombe was attacked nearly 24 hours before she was found dead, police reveal in latest update

    The former Tory MP missed a TV appearance on Wednesday before she was found dead the next day

    News

    breaking

  • Maja Hitij - FIFA/FIFA via Getty Images
    an hour ago

    FIFA weather delay rules explained as huge warning issued ahead of England vs Norway tonight

    There's another storm forecast for tonight's World Cup quarter-final in Miami

    News
  • Michael Regan - FIFA/FIFA via Getty Images
    an hour ago

    Harry Kane responds after Donald Trump singled him out after England win

    The England captain revealed some details about the 'unique experience' he had with the president about 18 months ago

    News
  • Eddie Keogh - The FA/The FA via Getty Images
    2 hours ago

    England star Jordan Pickford subject of vile abuse in chant at World Cup game as statement released

    The chants reportedly happened during England vs Mexico in the World Cup

    News