Lottery Winner Burns Through Nearly $50 Million Before Death

The winner of one of the largest EuroMIllions jackpots burned through most of his winnings before his death in 2019, new documents revealed.

Colin Weir from North Ayrshire, Scotland, won a record-breaking £161 million (roughly $257.6 million) in 2011, which still ranks as one of the largest jackpots handed out by the European lottery competition. Weir died in 2019 at the age of 71 from sepsis and “acute kidney injury,” but he had blown through most of his fortune by the time of his passing.

Weir’s initial £161 million winning, cut in half by his divorce to some £66 million (roughly $81 million) at the time, shrunk by a further £40 million (roughly $50 million) before his death, with the rest of his winnings going to his two children following a £1 million blowout for his family following his death.

One financial expert said Weir’s level of spending in eight years “takes a bit of doing,”according to Edinburgh Live.

Weir ended up spending an average of £100,000 (roughly $131,900 during that time) per week on luxury items and investments. (Read more from “Lottery Winner Burns Through Nearly $50 Million Before Death” HERE)

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