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20 lottery winners who lost it all

Lovemoney Logo By lovemoney staff of Lovemoney | Slide 1 of 21: Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy. Runaway spending, toxic investments and poor accounting can burn through a lucrative windfall in next to no time. From rags to riches then back to rags again, these 20 unlucky lottery winners found out the hard way.

The ultimate reversals of fortune

Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy. Runaway spending, toxic investments and poor accounting can burn through a lucrative windfall in next to no time. From rags to riches then back to rags again, these 20 unlucky lottery winners found out the hard way.

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© Andrew Parsons/PA Archive

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