Although Bud died at age 66 of natural causes. His life was marked by violence and conflict until the end. According to Forbes, the man repeatedly denounced his brother, accusing him of having hired a hitman to try to murder him and keep his fortune.
This added a grim chapter to a life that had begun with a promise of wealth and ultimately ended in tragedy. Learn his story here.
The story of William ‘Bud’ Post, the man who was a billionaire but lost everything and survived an assassination attempt
The story of William “Bud” Post surprises everyone with its particularity and tragic outcome. In 1988, this man won $16.2 million after buying the winning lottery ticket in Pennsylvania, USA. after several failed attempts to obtain the grand prize.
As soon as he received the money, Bud spent his fortune quickly. Thus, it corroborates the theory that those who become millionaires “overnight” often fail to maintain that enormous sum of money over time, much less manage to multiply it.
In his case, the man decided to buy different luxury cars made to design. In addition, he filled his garage with motorcycles and even got private planes, although he didn’t know how to handle the latter. He also acquired mansions, invested in various family businesses that turned out to have no future and, finally, he paid various debts, including one of one million dollars that he had accumulated a few years ago.
Up to this point, your story might seem like one of many lottery winners who quickly lose everything. However, the plot complicated when His ex-partner sued him for a third of his earnings.stating in court that both had agreed to divide the prize at the time of purchasing the ticket. From this, in In 1992, a judge ruled in favor of the woman, leaving William bankrupt.
His stroke of luck was short-lived. The man went from earning a great fortune to living in extreme poverty. The lottery ticket did not guarantee his happiness or his financial stability, since at every step he made bad financial decisions. The Bud Post story was reproduced by the media as a warning about the dangers that sudden wealth brings.
Bud’s situation became even worse in his later years. In 1998 he was arrested to serve a sentence for assaultafter having shot at a man that he was going to collect a debt on his mansion.
Once he managed to get out of prison, now without property or luxury vehicles, The man survived his remaining years by collecting only a disability check of $450 a month. With that money he paid for his food, rent and medicine, until 2006 when he died alone and penniless.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
