Categories: World

Lottery winner burns through nearly $50 million before death

close Video

Raising Cane’s buys 50K lottery tickets for employees: ‘It’s how we do business

Raising Cane’s CEO AJ Kumaran shares why he bought 50,000 lottery tickets for all his employees as the Mega Millions jackpot hits $810 million

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. 

TEXAS WOMAN PLEADS GUILTY TO STEALING COUSIN’S $1 MILLION WINNING SCRATCH-OFF TICKET

Weir ended up spending an average of £100,000 (roughly $131,900 during that time) per week on luxury items and investments.

Colin Weir and his wife Chris pose during a photocall in Falkirk, Scotland, on July 15, 2011, after winning a record EuroMillions jackpot on July 15, 2011.
(Wattie Cheung/AFP via Getty Images)

Weir and his wife Christine bought a £3.5million (roughly $5.75 million) mansion called Frognal House and spent thousands renovating the property. 

LOTTERY IS ‘PREDATORY’ TOWARD THE POOR: EXPERT DELIVERS SCATHING INDICTMENT OF GAME HE CALLS ‘A LIE, A CON’

The fortune took a big hit when the couple split in 2018, but Weir had made a number of investments across the last eight years of his life, most notably purchasing a 55% share in Glasgow soccer team Partick Thistle, investing in thoroughbred racehorses and establishing the Weir Charitable Trust, according to the Independent. 

Largs in Ayrshire, the hometown of Colin and Chris Weir.
(Danny Lawson/PA Images via Getty Images)

He ended up handing over his ownership of the soccer team to a supporter’s group, making it a majority fan-owned team. He had initially used his winnings to wipe out the team’s debt in 2015 and funded the team’s youth academy, according to the Daily Record.

MEGA MILLIONS JACKPOT REACHES $1.35 BILLION AHEAD OF FRIDAY NIGHT’S DRAWING

Weir also donated to the Scottish National Party (SNP)’s failed 2014 Independence Referendum campaign, drawing praise from Scottish First Minister Nicola Sturgeon upon his death. Sturgeon said that Weir’s “determination and generosity in the cause of Scottish independence cannot be overstated and was hugely appreciated.” 

Partick Thistle staff and supporters outside Firhill stadium, where the funeral cortege of Colin Weir passed before the service at Partick Burgh Hall, Glasgow.
(Jane Barlow/PA Images via Getty Images)

His luxury purchases included a Jaguar F-Pace SUV, a vintage Bentley Arnage, a 2019 Mercedes-Benz V Class and a Mercedes-Benz E Class Estate. 

Following his divorce, Weir resided in a £1.1 million (roughly $1.3 million) seafront home called “The Mansions,” where he lived out the rest of his days. 

CLICK HERE TO GET THE FOX NEWS APP

Only a £193 million (roughly $231 million) jackpot in 2019 surpassed the Weirs’ record winning. 

Editor’s Note: the exchange rate had dropped over that eight-year period, though the native currency value was larger.  

Peter Aitken is a Fox News Digital reporter with a focus on national and global news. 

Share

Recent Posts

Democratic Colorado governor commends Trump for nominating RFK Jr. as HHS secretary

Democratic Colorado Gov. Jared Polis praised President-elect Trump for nominating Robert F. Kennedy Jr. to…

13 minutes ago

Javier Milei first world leader to meet with President-elect Trump: ‘Greatest political comeback in history’

The president of Argentina is the first foreign leader to meet in person with President-elect…

3 hours ago

Welsh government advised to create dog-free zones to combat racism

close Video New York state officials antagonized a terrified squirrel, says Greg Gutfeld Fox News…

4 hours ago

Special education teacher resigns, apologizes after viral video threatening Trump voters sparks backlash

close Video Elementary school teacher posts anti-Trump rant following election results Annie Dunleavy has resigned…

5 hours ago

Pentagon says there’s ‘no verifiable evidence’ of extraterrestrial technology, beings or activity

close Video Pentagon report indicates no verifiable evidence of extraterrestrial beings, activity or technology The…

5 hours ago

Daniel Penny trial resumes as fellow Marine vet explains chokehold training on witness stand

close Video Daniel Penny manslaughter trial: Subway witnesses give boost to defense Attorney Elliot Felig…

5 hours ago