• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
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

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

Choose your content:

5 hours ago
6 hours ago
7 hours ago
  • 5 hours ago

    Inside convicted paedophile Jeffrey Epstein’s private island

    Jeffrey Epstein died by suspected suicide in a New York prison cell in 2019

    News
  • 6 hours ago

    Man who worked for Steve Jobs explains why he ‘wasn’t a nice man’ revealing brutal conversation they had

    Shark Tank star Kevin O'Leary revealed plenty about the former Apple CEO

    News
  • 7 hours ago

    Woman fired by boss after donating kidney to help her

    She was left betrayed and out of work after the selfless act

    News
  • 7 hours ago

    Haunting video of climber who broke leg 22,000ft up mountain resurfaces as rescue effort is abandoned

    Natalia Nagovitsina is stranded on Victory Peak in Kyrgyzstan due to a broken leg

    News