Dominican immigrant wins $338MM USD lotery jackpot

NALs

Economist by Profession
Jan 20, 2003
14,692
3,787
113
I think you'd be surprised of how many rich families in DR have that kind of money relatively current...
Yes, but remember that its JMB773 to whom you're responding to. lol

The DR actually has the 10th largest number of high net worth individuals in Latin America. At least the one's that have legitimate assets, who knows how many there are once all the underworld types are included.
 

DOMINCAN JOE

Bronze
Aug 15, 2006
1,992
38
0
:smoke:
And let's not forget .... 10% goes to the church ......
likes.png
Chip liked this post
 

JMB773

Silver
Nov 4, 2011
2,625
0
0
Yes, but remember that its JMB773 to whom you're responding to. lol

The DR actually has the 10th largest number of high net worth individuals in Latin America. At least the one's that have legitimate assets, who knows how many there are once all the underworld types are included.

Question NALs why do you think CASH is listed 1st in a company's financial statement? Why isn't land, buildings listed ahead of CASH?

You are the 3rd in command in DR right, so do me a favor find out how much money La Sirena made last year and what I mean by that is tell me how much money they took to the bank at the end of the year. Don't not show me any assets other then cash. NOTHING is more important then "liquid" cash.

How do you know what someone's net worth is??? Are you there accountant or CFO??? If a person says his net worth is 30 million its really around 20, and if they say 10 million its around 5.

The average Dominican makes 300 bucks a month and this man has 150 million in CASH not assets.
 
Last edited:

JMB773

Silver
Nov 4, 2011
2,625
0
0
I think you'd be surprised of how many rich families in DR have that kind of money relatively current...

I know Dwayne Wade is rich but I have NO clue how much money he has in the bank, how do you know how much money this people have in the bank. Please share this with me so I can use it also I would love to know how much a person has in the bank just by looking at them.

If I make 7000USD a month and my liabilities are 6000USD a month guess what I am worth a 1000USD a month not 7000USD.
 

Koreano

Bronze
Jan 18, 2012
1,546
0
36
Don't forget that the family will be calculating their cut on the actual $300 million amount. None are taking into account that roughly half the money will go to the government in taxes and the lump sum payment is based on the current value of the dollar, not on an annuity of three or more decades. lol

The sad thing about people's mind is, some of his family and friends will think that $338 million is rightfully theirs. Giving them some will create more problem of them wanting more. "What is big deal, I am only asking for $1M extra? He still have $337 millions." is the way some people will think. but in reality he will have $150 millions and owe $600k gift taxes to IRS. Still not bad but when 25 family members and friends start asking for "their" money, and wife start wanting to buy luxury house and jewels, your son wanting Farrari as toy car and you wanting to buy boat to get away from it all. It all will take tolls on winning.

I don't know if it's possible but what I would have done would be ask a advisers on splitting winning. $300 millions in three way between me and my brothers and rest 38 millions to our closes family with spouse and or kids. Singles don't apply here, young single with money will create more problem then good. If family can't succeed with about $1-2 millions after taxes, with me providing some kind of family college funds and health insurances, they don't deserve to be kept close. And hopefully between that 15 or so families many will turn out good and protect me in some way if things turns ugly. It's far better way to shut many up as letting people know that large group of people have won the money and giving money to family straight out makes them millionaire themselves and eliminate problem like how come John got more money then Mary problems and etc.

I never gave long thought about winning something that is tougher then getting strike by lightening twice, I always thought about buying this and that but I have never put any thought one this... I know it will never happen but it is kind of fun.

Thanks Pedro for winning and good luck. It make me forget about few things... :)
 

Berzin

Banned
Nov 17, 2004
5,897
550
113
What are you guys talking about? Gift taxes? IRS? Financial planners? Bodega worker, or owner, or whatever he was-this lottery winner wasn't thinking about any of that and he probably isn't right now.

As for any gifts he'll dole out, "en efectivo" is the catchphrase here. No one Pedro gives money to is going to declare the cash on their taxes. They'll say "Ah, pero ja le sacaron lo impuetos una ve'!!!" and will keep walking. And if the issue comes up, they'll just say "Pue' vamo a Santo Domingo a gastar!!! Alla nadie le importa!!!" And truer words were never spoken.

Y'all are way too negative. Our man Pedro will probably be long gone before any of these problems become problems. Let him enjoy his money, and if he blows it all, so what. That's his business.

All you EF Hutton wanna-be's need to chill, 'cause it ain't your cash. One minute he's slinging fifty-cent packs of donuts through a plexiglass partition to the crackheads of Passaic in the middle of the night, and the next minute he's supposed to put on a wool sportscoat with leather elbow patches and a pipe talkin' about high-yield interest rates. Phuck outta here with that. An un/undereducated working class person is going to SPEND such a windfall whether he's Dominican or not, so let him.

As for how to spend a fortune, George Best said it best-"I spent a lot of money on booze, birds and fast cars. The rest I just squandered."
 

JMB773

Silver
Nov 4, 2011
2,625
0
0
They are called "HATERS" and they come in all types of form. I made a simple comment that if he returns to DR he will be one of the richest man on the island, and before I knew somebody wrote JMB773 you will be suprise how many people in DR has this kind of money" REALLY!!! I will be in SD next month and I would love if someone can point out a Dominican with 151 million USD to his name in cash only.

He is the reason why the USA is a great country this man left DR broke and he will return a BILLIONAIRE.

Hard work is good and all, but LUCK pays out higher amounts;) I am very happy for him and his family.
 

NALs

Economist by Profession
Jan 20, 2003
14,692
3,787
113
Question NALs why do you think CASH is listed 1st in a company's financial statement? Why isn't land, buildings listed ahead of CASH?

You are the 3rd in command in DR right, so do me a favor find out how much money La Sirena made last year and what I mean by that is tell me how much money they took to the bank at the end of the year. Don't not show me any assets other then cash. NOTHING is more important then "liquid" cash.

How do you know what someone's net worth is??? Are you there accountant or CFO??? If a person says his net worth is 30 million its really around 20, and if they say 10 million its around 5.

The average Dominican makes 300 bucks a month and this man has 150 million in CASH not assets.
Not too long ago the Le?n Asensio family sold half of the shares in one of their subsidiaries for US$1.5 billion; and they are not even the wealthiest family nor does that consist of all the holdings in their company.

Did I forgot to mention that it was paid for in cash? I guess I did.

Its almost a guarantee that the lotto winner will be penniless in 5 to 10 years. Wait and see...
 

JMB773

Silver
Nov 4, 2011
2,625
0
0
Not too long ago the Le?n Asensio family sold half of the shares in one of their subsidiaries for US$1.5 billion; and they are not even the wealthiest family nor does that consist of all the holdings in their company.

Did I forgot to mention that it was paid for in cash? I guess I did.

Its almost a guarantee that the lotto winner will be penniless in 5 to 10 years. Wait and see...

A 2 dollar investment turned into 150 million is pretty good business in my book;)
 
Jan 9, 2004
11,284
2,651
113
He announced it to the world. I WANT TO HELP A LOT OF PEOPLE. WHATEVER THEY NEED.

Well, it turns out he can start by paying back the $29,000.00 in back child support....and probably the welfare payments the baby mother(s) received.

Pedro Quezada, New Jersey Powerball Winner, Owes $29,000 In Child Support

I now have mixed emotions about this guy. At first, I thought this was a great immigrant success/luck story....and I guess it still is...but, it seems you can take the guy out of the DR....but sometimes you just can't take the DR out of the guy.

I do hope he now does a better job of supporting his children.



Respectfully,
Playacaribe2
 
Jan 3, 2003
1,310
175
63
Well, it turns out he can start by paying back the $29,000.00 in back child support....and probably the welfare payments the baby mother(s) received.

Pedro Quezada, New Jersey Powerball Winner, Owes $29,000 In Child Support

I now have mixed emotions about this guy. At first, I thought this was a great immigrant success/luck story....and I guess it still is...but, it seems you can take the guy out of the DR....but sometimes you just can't take the DR out of the guy.

He's a piece of garbage along with all the other dead beat dads. His money will be long gone just like all the other ones cursed by the LOTTERY. This idiot along with all the other irresponsible fornicating men who do not man up and take care of their own have no sense of responsibility, civility, or discipline. They have no idea whatsoever of money management. He'll just think it is an inexhaustible source of money and will blow it all away just like most rappers, entertainers, and the rest of his ilk and kind. They're just trash talking big mouthed corner colmado drinkin drunks. Nothing more, nothing less!!!