Jack Whittaker is an American Powerball Lottery winner who had a net worth of $100 Thousand at the time of his death. In 2002, Jack Whittaker won a lottery jackpot of $314.9 million from a single ticket! He took a lump sum cash of $113.4 million at a time after taxes.
Before winning the lottery, Jack was the president of Diversified Enterprises Construction. The winning jackpot of $314.9 million didn’t bring any fortune to Jack’s life. He had to go through several accidents. He was unable to trust others. His briefcase, stuffed with $245k and $100k cashiers’ checks, was stolen.
Jack lost his Virginia home to a fire. Later on, he died on June 27, 2020, due to a long illness.
Jack Whittaker Net Worth before Powerball Lottery Winning
In 2002, Jack Whittaker won the Powerball Lottery Jackpot. He made a record, winning $314.9 million from a single ticket. At the time of his Powerball Lottery, Jack Whittaker was only 55. Before that, Jack was the president of Diversified Enterprises Construction.
While working in the Diversified Enterprises Construction, Jack Whittaker had a net worth of $17 million. He took $356k per year as the leading person of Diversified Enterprises Construction. Whittaker worked in this construction firm for 12 years. Throughout his service, Whittaker made multi-million.
Well, let’s have a glimpse on his yearly, monthly, weekly, and daily income at the time of his service at Diversified Enterprises Construction —
- Yearly Income: $1 million
- Monthly Income: $83k
- Weekly Income: $19k
- Daily Income: $2,739
- Per Hour Income: $114
How much does Jack Whittaker make at the time of his death?
In June 2020, Jack Whittaker died of illness. At the time of his death, Whittaker had a net worth of $100 Thousand. Though Jack won the Powerball Lottery Jackpot, he couldn’t make multi-million net worth. However, let’s have a glimpse at his yearly, monthly, weekly, and daily income at the time of his death for comparison phenomena:
- Yearly Income: $100k
- Monthly Income: $8,333
- Weekly Income: $1,923
- Daily Income: $273
- Per Hour Income: $11.42
How does Jack Whittaker win the Powerball Lottery?
On Christmas night 2002, Jack Whittaker won the Powerball Lottery Jackpot. Powerball Lottery was very popular at that time. This Powerball jackpot works through cumulative selection.
At first, you have to go through 1 to 69 white balls to select five numbers. Then you have to choose one number among 26 Red Powerball. After that, the lottery terminal gives you the freedom to pick your numbers. Generally, you can win a Powerball jackpot matching one of the below ways —
- Match all 5 white numbers only — $1 million
- Match 3 white numbers + Powerball — $100
- Match 4 out of 5 white numbers + Powerball — $50k
- Match 4 white numbers only — $100
- Match 3 white numbers only — $7
- Match 2 white numbers + Powerball — $7
- Match 1 white numbers + Powerball — $4
- Powerball only — $4
Jack Whittaker bought $100 in tickets. After reaching $100 million, Jack played the lottery.
In the history of the American lottery, Jack Whittaker won a $314.9 million Powerball multi-state lottery by a single ticket. He was the only person who won this largest jackpot at that time. After winning the Powerball jackpot, Jack Whittaker opted for the lump-sum payout of $113.4 million after taxes.
How does Jack Whittaker spend the Powerball Jackpot?
Literally, the Powerball jackpot didn’t bring any fortune to Jack Whittaker. He took a $113.4 million lump-sum payout but he was unable to use most of its money.
After winning the Powerball jackpot, Jack had to go through numerous accidents. These accidents can be summarized as —
- Became a victim of Scandals, Lawsuits, and Personal Setbacks
- Lost his wife
- Found the dead body of his granddaughter’s friend at his home
- Lost his 17-years-old granddaughter
- Lost his daughter, Ginger Whittaker Bragg
- Lost his Virginia home to a fire
- Lost his home and car from a burglar
- Lost his briefcase that was stuffed with $245k & $100k cashiers’ checks
However, after winning the $314.9 million Powerball jackpot, Jack could spend $23 million to build two churches. Besides, he donated college scholarships, food, and clothing to local students.
Furthermore, Jack donated $14 million to establish a non-profit organization — Jack Whittaker Foundation. He spent $123k & $44k to purchase a house and a Jeep Grand Cherokee. What’s more, Jack bought a Lamborghini and drove it throwing cash to his neighborhood.
Real Estate & Car Collection
Jack lost his Virginia house due to a fire incident. However, he purchased another house spending $123k. At the time of his death, Jack lived in Scott Depot, West Virginia.
Talking about car collection, Jack Whittaker had —
- A Ford Crown Victoria
- A Jeep Grand Cherokee
- A Lamborghini
Jack Whittaker: At a Glance
|Birth Name||Andrew Jackson Whittaker Jr.|
|Date of Birth||9 October 1947|
|Birth Place||Jumping Branch, West Virginia, United States|
|Died||27 June 2020 (aged: 72)|
|Children||1; Ginger Whittaker Bragg|
|Profession||President of Diversified Enterprises Construction|
|Net Worth||$100 Thousand|
Mavis L. Wanczyk is the wealthiest lottery winner. He is a hospital worker. Wanczyk won $758.7 million Powerball lottery jackpot. On 24 August 2017, Mavis won this breakthrough Powerball Lottery.
Marie Holmes is also a Powerball Lottery winner. She won $188 million from the 2015 Powerball Lottery. Typically, it was one-third amount of Powerball’s $564.1 million jackpot.
In one sentence, the answer will be “No”. Because 98% of people who play the lottery don’t have any financial management skills. Those of 2% people having financial management skills can’t go further because of tax issues. It has been tough for a lottery winner to turn their multi-million into one billion. Hence, finding out the billionaire lottery winner is so difficult.
- http://www.powerball.com/games/home — Powerball jackpot working procedure.
- https://www.businessinsider.com/ways-you-can-win-money-in-powerball-lottery-2016-1 — How to win Powerball jackpot.
- https://www.washingtonpost.com/history/2018/10/24/jack-whittaker-powerball-lottery-winners-life-was-ruined-after-m-jackpot/ — The Washington Post report on Jack Whittaker’s Powerball jackpot.