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Finance for Women

From Hero to Zero: Man Blows Through R17.4m and 4 Other People Who Went From Millionaires to Broke [Video]

  • Winning the National Lottery is a dream many aspire to, but only a lucky few achieve as picking matching numbers is not an easy feat
  • One local guy struck gold with over R17M winnings, but his lack of financial literacy led to him wasting his fortune carelessly
  • We explore five Briefly News stories of people who won millions in the Lottery only to lose it all
A man lived a high life after winning big on the Lottery, changing cars and drinking plenty of booze. Credit: LightFieldStudios / Kendal SwartSource: Getty Images

The National Lottery has turned many South African dreams into reality, with some entrepreneurs starting businesses and others buying their families’ homes with their winnings.

Many sadly could not retain their millionaire status, choosing to spend their money on unnecessary things such as alcohol and friends.

We revisit five articles covered by Briefly News about extravagant lifestyles that left people penniless.

Chowing millions with friends and the party lifestyle

Aananyana appeared on an …

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