Altadena, California – In a stunning display of flash-the-cash, Edwin Castro, the winner of the largest lottery jackpot of all time, has purchased his third home – a $47 million mansion – within a year of his record-breaking Powerball win.
Castro’s life took an extraordinary turn, reported Millionaire Post in this video, when he secured the $2.04 billion Powerball jackpot in 2022, making him one of the luckiest individuals in the world.
His lavish spending habits have already seen him invest nearly 10% of his winnings in a collection of extravagant properties and other luxurious items.
One of the rooms in his massive seven bedroom, 11 bathroom Bel Air mansion
Photo: Millionaire Post
Winning the Powerball jackpot is a one-in-300-million chance, but Castro defied the odds with a single ticket bought at a gas station in Altadena, California.
The 31-year-old chose the lump sum option, which left him with approximately $997.6 million after federal taxes estimated at a staggering $370 million.
Fortunately for Castro, California does not impose a state lottery tax on winners, saving him from further financial loss. After ordinary taxes, Castro was left with an impressive $627 million in his bank account.
Castro has needed to employ three security guards for his property at a cost of $21,000 a week.
Photo: Supplied
Security is one of the unexpected expenses that Castro has been investing heavily in since his windfall. The billionaire is reportedly spending an astonishing $21,000 per week on security, with three guards on duty around the clock.
This estimated cost translates to over a million dollars annually, putting Castro’s security bill in line with high-profile figures like Jeff Bezos and Taylor Swift.
However, security is just the tip of the iceberg. Castro’s splurging spree began with his acquisition of two grand mansions.
Edwin’s mansions are a far cry from the modest one-bed home he grew up in Altadena
Photo: Diggzy/Jesal / SplashNews.com
His latest addition, purchased earlier this month, is located in the prestigious Bel Air neighborhood, boasting a staggering price tag of $47 million.
This mansion offers a bevy of luxurious features, including seven bedrooms, 11 bathrooms, each equipped with walk-in closets and oversized statement baths.
The property is equipped with a host of lavish amenities, such as a koi pond at the entrance, a panoramic infinity pool with breathtaking views of Los Angeles, high-tech DJ turntables, a champagne tasting room, and a glass walkway.
Additionally, the mansion boasts a wine cellar, home cinema, and spacious outdoor spaces, including a rooftop terrace and outdoor kitchen.
Edwin Castro had previously bought this $25 million mansion in the Hollywood Hills.
Video: YouTube
In just 30 days after his historic win, Castro acquired a $25.5 million mansion nestled in the Hollywood Hills, rubbing shoulders with celebrities like Ariana Grande, Dakota Johnson, and Jimmy Kimmel.
This three-story mansion offers a contemporary design, a massive open-plan living area with a fireplace and a well-equipped kitchen with granite countertops.
The property also includes five bedrooms, seven bathrooms, a private fitness studio, indoor plunge pools, a sauna, a steam shower, a bar with a games room, and a private movie theater.
As well, Castro invested in a vintage Porsche 911 valued at $250,000. Afterward, he continued his spending spree with a $4 million Japanese-inspired mansion in his hometown.
The home was built in 1953 and has five bedrooms, featuring an open-plan living area, a kitchen with granite countertops, and a tropical garden.
Edwin Castro (circled) was spotted taking his vintage $250,000 Porsche for a cruise around town, ducking into a bank
Photo: New York Post
The mansion also offers five bedrooms, five bathrooms, a saltwater swimming pool, a sun deck, and a Zen patio. It is equipped with a solar-powered energy system, a two-car garage with an electric car charging port, a private office, and a cozy cinema.
While Castro’s spending is undoubtedly extravagant, it remains to be seen whether he can manage his fortune wisely.
With other lottery winners having faced financial difficulties after reckless spending, Edwin Castro’s story is one to watch closely.
And Castro’s recent mansion purchase, while impressive, pales in comparison to some of the world’s most extravagant properties.
Disclaimer: The figures mentioned in this article and video are based on available estimates and may not reflect the exact amounts spent by Edwin Castro.
