How I spent $200 MIllion
February 28, 2007
NOT ME but the guy that won the powerball lottery .
(Fortune Magazine) — Brad Duke, 34, a manager for five Gold’s Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005. He spent the first month of his new life assembling a team of financial advisors. His goal: to use his winnings to become a billionaire. Here’s what Duke has done with his money so far.
- $45 million: Safe, low-risk investments such as municipal bonds
Brad Duke won a $220 million powerball jackpot in 2005. More from FORTUNE Video 
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Some states are looking to sell their lotteries to private firms. CNN’s Lisa Sylvester reports. (February 14) Play video
- $35 million: Aggressive investments like oil and gas and real estate
- $1.3 million: A family foundation
- $63,000: A trip to Tahiti with 17 friends
- $125,000: Mortgage retired on his 1,400-square-foot house
- $18,000: Student-loan repayment
- $65,000: New bicycles, including a $12,000 BMC road bike
- $14,500: A used black VW Jetta
- $12,000: Annual gift to each family member
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