The rich get richer? $254 million Powerball jackpot goes to money managers

Everybody likes those heartwarming holiday stories about the poor finally getting their share. And who doesn’t like it when some down-on-his-lucker hits the  lottery?

But what about when someone who seems to really not need the cash strikes gold?

Signs are that’s what happened with the $254 million Powerball jackpot handed out Monday. The jackpot was the 12th biggest in the game’s history.

Three asset managers from pricey suburban communities outside New York took the prize on a dollar ticket. They will take the after-tax lump sum of nearly $104 million in cash.

Winners Greg Skidmore, Brandon Lacoff and Tim Davidson won after Davidson bought a ticket at a gas station in Connecticut. According to the Associated Press account, at least two of them live in Greenwich, one of America’s wealthiest towns.

The three work at a small, startup asset management firm.

“It feels good,” Skidmore said at a news conference.

Uh, yeah.

But don’t go all Scroogey on them.

They say they do plan to give a big chunk to charity.

4 comments Add your comment


November 29th, 2011
11:18 am

David, your wealth envy is showing.

These three guys will know how to put the money to good use. On the other hand some goober blue collar idiot would blow it overnight on bling and beef jerky and probably wind up in an insane asylum.

Joel Corbin

November 29th, 2011
11:22 am

Get off it. They bought a ticket. They won.

Middle Class Latino

November 29th, 2011
2:20 pm

Agree. They won fair and square. No need to complain. government won $150 mil.

Will Jones - Atlanta Jeffersonian Exegesis

November 30th, 2011
12:27 pm

Wait and see how many degrees of separation between them and the Mob-associates who’ve won the Big Game so many times before.