Powerball Jackpot Winner Edwin Castro Loses Malibu Home to LA County Wildfires - PRESS AI WORLD
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Powerball Jackpot Winner Edwin Castro Loses Malibu Home to LA County Wildfires

share-iconTuesday, January 14 comment-icon1 week ago 9 views
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latimesLATIMES sfgateSFGATE
Powerball Jackpot Winner Edwin Castro Loses Malibu Home to LA County Wildfires

Credited from: LATIMES

Key takeaways:

  • Edwin Castro, Powerball's $2 billion jackpot winner, has lost a Malibu home to recent wildfires.
  • His other properties in Altadena and Hollywood Hills are also affected by nearby evacuation zones.
  • The home destroyed was valued at approximately $3.85 million, located in the fire-ravaged Palisades.
  • Castro remains out of the public eye since winning the lottery in 2023.

Edwin Castro, a resident of Altadena and winner of the largest Powerball jackpot in history at $2 billion, has faced significant loss after wildfires consumed his Malibu home. The millionaire lottery winner, who transformed his life with about $1 billion in winnings after taxes, invested in several luxury homes across Los Angeles County, including properties in Malibu, Altadena, and the Hollywood Hills.

As of January 8, satellite imagery revealed that while two of his homes were located in evacuation areas, one—a stunning two-bedroom mansion he purchased in September 2023 for $3.85 million—was completely destroyed by the fierce Palisades fire that erupted on January 7. The fire razed numerous structures in the area, impacting neighborhoods significantly. Meanwhile, Castro's sprawling $25.5 million mansion in the Hollywood Hills fell within the perimeter of the Sunset fire, causing heightened concern for his safety and assets.

His Altadena residence, valued at $3.98 million, was also in danger due to the Eaton fire but ultimately remained intact. This gas station is notable as the location where he purchased his winning lottery ticket. Castro's real estate investments, managed through a limited liability company (LLC), were overseen by the same individuals involved with his other property acquisitions.

Since claiming his prize, Castro has maintained a low profile and has not publicly commented on the tragic events surrounding his property losses.

For further details on this story, visit SFGate or LA Times.

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