By Free Republic | Created at 2025-01-10 15:57:40 | Updated at 2025-01-15 16:16:56
5 days ago
Powerball winner Edwin Castro’s $3.8M Malibu home destroyed in LA Palisades Fire
nypost.com ^ | Jan. 10, 2025 | Nicholas McEntyre
Posted on 01/10/2025 7:39:46 AM PST by V_TWIN
Powerball winner Edwin Castro’s multimillion-dollar Malibu getaway has been destroyed in the horrific Palisades Fire, reducing the once-luxurious digs to a pile of ash. After the deadly fire tore through the area, all that remained of Castro’s $3.8 million home was concrete pillars and smoldering wood, photos obtained by The Post show. The destroyed Malibu abode was one of several Castro purchased after he won the historic $2.04 billion prize back in November 2022.
(Excerpt) Read more at nypost.com ...
TOPICS: Chit/Chat
KEYWORDS: fire; palisades; powerball
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1 posted on 01/10/2025 7:39:46 AM PST by V_TWIN
To: V_TWIN
2 posted on 01/10/2025 7:40:34 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
To: V_TWIN
The destroyed Malibu abode was one of several Castro purchased after he won the historic $2.04 billion prize back in November 2022.
That’s a shame.
At least he has other homes he can escape to.
3 posted on 01/10/2025 7:41:20 AM PST by Jane Long (Jesus is Lord!)
To: V_TWIN
Lucky him. He can cash out the insurance, sell the lot and move to the United States.
4 posted on 01/10/2025 7:42:18 AM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
To: V_TWIN
Is it his getaway or is it his home? I don’t call my little 70’s suburban tract house a getaway.
5 posted on 01/10/2025 7:42:56 AM PST by webheart (S)
To: V_TWIN
Right next to the ocean and no water available.
Welcome to leftist-run California.
6 posted on 01/10/2025 7:43:42 AM PST by cgbg (It is time to pull the Deep State out of the mass media--like ticks from a dog.)
To: V_TWIN
What are the odds that none of those Malibu beachfront homes are ever rebuilt? I can easily see the California Coastal Commission blocking construction.
7 posted on 01/10/2025 7:45:46 AM PST by kosciusko51
To: Vigilanteman
Doubtful he had insurance in California or insurance climate.
However he obviously has other homes so that is a blessing.
8 posted on 01/10/2025 7:47:29 AM PST by Persevero (You cannot comply your way out of tyranny. )
To: V_TWIN
First of all if I won 2 billion dollars in the lottery I wouldn’t be buying $4 million dollar houses...or $500,000 cars....or million dollar rings.
9 posted on 01/10/2025 7:48:50 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
To: kosciusko51
That’s what Adam Carolla says.
When these lefties have to deal with the beauracracy and red tape it’s gonna be a real reality check.
10 posted on 01/10/2025 7:50:37 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
To: Gay State Conservative
His first and BIGGEST mistake was not moving out of that God forsaken state ASAP.
11 posted on 01/10/2025 7:51:40 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
To: Vigilanteman
Another thing that jumps out at me is why is it that we know his name. IIRC lottery winners are allowed to set up a corporation or an LLC and have it claim the prize. Knowing his name and having an idea where I can find him makes even me want to track him down and relieve him of some of his $$$.
Only kidding! :-)
12 posted on 01/10/2025 7:52:25 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
To: V_TWIN
IIRC lottery winners living in Kalifornia don’t have to pay state taxes on their winning.
13 posted on 01/10/2025 7:53:36 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
To: Gay State Conservative
If I won $2B? Lets say you keep $1B after taxes. That generates $40 Million in cash per year easy without touching the principal. Over $3M a month after taxes. The money to pay for that $500K car would be generated in less than a week. Every week. I might splurge.
14 posted on 01/10/2025 7:55:16 AM PST by bigdaddy45
To: Gay State Conservative
California is one of the states that don’t allow you to remain anonymous.
15 posted on 01/10/2025 7:55:49 AM PST by Jamestown1630 ("A Republic, if you can keep it.")
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