QUOTE
19-year-old construction worker Jonathan Vargas won the Powerball jackpot of $35.3 million on May 17, 2008.
He said he chose the winning numbers 12, 14, 15, 21, 43 and Powerball number 30 by listening to the voices in his head. The first five numbers are the ages his siblings and mother will turn this year, the Powerball number was "a lucky guess."
Vargas plans to first pay tithes to his church then to invest wisely, set up trust funds for his siblings, and buy a new house for his mother.
http://askville.amazon.com/money-jonathan-...questId=9831654.jpg)
I guess a wrestling promotion could be a "wise" investment - bah hahahhaha. Seriously it could be, but I seriously doubt this Wrestlicious version will be. If he wanted to get in the business I think he should have joined up with TNA and come in as another executive shareholder.
Taking a quick look at the financial side (just for fun - not a tax attorney or CPA) -
35.3 million lottery jackpot
17.3 million lump sum payout
-42%: federal tax (35%) + South Carolina state tax (7%)
----------------
$10,034,000.00
-tithe (10%; assuming of gross)
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$8,304,000.00
-trust funds, house for mother, investments (5 million estimate)
----------------
----------------
Wrestlelicious capital budget - $3.3 million
I think we'll quickly see the wheels come off this bus if by some miracle it doesn't find a market niche quickly.
Talk about devious people - Frenchy Martin is indeed that. If he got stomped he needed it... period.
-Gorilla Monsoon
Mar 31 2009, 02:41 PM
