This newly minted lottery winner out west has wasted no time spending his jackpot payout.
Since claiming the record-breaking $2 billion California Powerball’s winning ticket in February, Edwin Castro has dropped a combined $76 million on eye-wateringly expensive real estate.
Among other pricey purchases (including a $250,000 vintage Porsche the 31-year-old was seen cruising around in this past April) Castro has treated himself to three California mansions.
However, the richest Powerball winner in American history has been met with criticism, with some financial planners even saying his purchases have been “terrible.” Financial planners recommend that lucky lotto winners ought to collect their winnings through annual payments instead of the lump-sum payment Castro received. Even everyday Americans have offered their thoughts, with social-media comments including “He’s gonna go broke ASAP.”
Despite it all, Castro has some real purchases to show off. Here’s a look inside each one.
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Edwin Castro. Diggzy/Jesal/SplashNews.com
The Hollywood Hills hall 6
Castro’s first mansion. Simon Berlyn/MEGA
The first estate Castro bought with his winnings (the one-time lump-sum payment of $997.6 million) is a palatial hilltop number perched atop the Hollywood Hills.
He paid $25.5 million for the glassy address (a slight discount from its initial listing price of $29.95 million) back in March.
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The property is located in the Hollywood Hills. Simon Berlyn/MEGA
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The infinity pool. MEGA
In all, it measures in at 13,500 square feet, with five bedrooms, seven bathrooms, an infinity pool, a wine cellar, a movie theater, a bar and a fitness studio with hot and cold plunges.
Newly constructed last year, there’s also a double-height stairwell, a roof deck and a five-car showroom.
The hometown haven 6
Castro bought his second mansion for $4 million. Jason Keene
Next, not long after scooping up the Hollywood Hills abode, Castro signed the deed for another lavish, multimillion-dollar home — this one in his native Altadena, California.
Castro paid $4 million for the manse, making it the most affordable of the properties in his new portfolio.
Located not only in his hometown, but also close to the gas station where he bought the winning Powerball ticket, the Altadena abode was built in 1953. It features five bedrooms, four bathrooms and Japanese design influences throughout.
There’s a movie theater, a saltwater swimming pool, a fireplace-equipped living room and privacy-ensuring olive trees around the perimeter.
The Bel Air blowout 6
The Bel Air mansion. The US Sun/MEGA
The most recent addition to Castro’s fleet of mansions is in Bel Air.
Earlier this month, he paid a cool $47 million for the seven-bedroom, 11-bathroom, infinity pool-equipped compound.
Among other amenities, this address boasts a champagne tasting room, DJ turntables, a suspended glass walkway, a wine cellar and a home theater.