There is a tendency to believe that after winning the lottery, financial problems never appear again in life, but that was not the case for Michael Carroll.
On November 19, 2002, the life of Michael Carroll would change forever. The young man who worked as a garbage collector became a millionaire winning the British National Lottery, which awarded him a sum of 9.7 million euros. He instantly quit his job and immersed himself in a life of luxury.
The wealth seemed inexhaustible and Carroll decided to enjoy it to the fullest. He bought a majestic mansion, an innumerable amount of jewels and trucks of champagne to supply his parties in the best “Great Gatsby” style, the nickname by which he would later be known.
Michael Carroll
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The story of Michael Carroll, the young garbage collector who became a millionaire and ended up bankrupt
His life became a continuous spectacle, a constant celebration of excesses which sooner or later would start to show problems. Imprudent decisions and excessive spending soon brought irreversible consequences for the fortune of the young Briton.
He tried to keep his fortune afloat through diversified investments, but one by one they collapsed. The mansion quickly fell into disrepair. So Carroll resorted to a desperate strategy: investing what he had left in lottery tickets. But luck did not smile on him again. The mansion had to be sold for a quarter of its value and he had to return to his old life as a garbage collector. Starting his days with 3 lines of cocaine and a bottle of vodka was not the best way to try to sustain the fortune he had made for a longer period of time.
Source: Ambito
