Winner of $425 million Powerball jackpot: what can he buy?

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Champagne

Someone has finally come forward to claim the astonishing $425 million Powerball jackpot, which has been waiting to be claimed since February. B Raymond Buxton, a pensioner from Northern California, has become one of the biggest lottery winners in US history. He apparently chose to wait to collect the cheque until 1 April, as a joke.

So what will the money buy him?


Powerball winners don't have the option of remaining anonymous, as they have to pick up a giant cheque and attend a press conference. However, ABC News revealed that he did his best to hide his identity, by holding the giant cheque up in front of his face.

He didn't want to speak directly to the media either, but according to the Telegraph, Buxton said in a statement: "I sat in front of the computer for hours in disbelief, frequently checking and rechecking the numbers across multiple sources. Once the initial shock passed I couldn't sleep for days."

The win

It's a long way off the biggest jackpot in history - which was the $656 million Mega Million jackpot won in 2012. It's not even the biggest Powerball jackpot - which was the $590.5 million won in May last year. However, it's a decent chunk of change, and the largest amount ever won in California.

Winners have the choice of taking an income for life, or a smaller one-off jackpot, and the retiree chose to take the lump sum. It means that before taxes he'll get $242.2 million - which gives Buxton plenty of scope for spending.

What will it buy?

He could easily afford the most expensive home in Beverley Hills, which was sold earlier this year for a record $102 million. The Holmby Hills mansion is a 50,000 square foot home in five-acres, which is said to be modelled on a French palace and features a ballroom for parties of 500, a cinema, music room, 12 bedrooms and 15 bathrooms.

He could even stretch to the most expensive home in the US - which is on the market in Greenwich, Connecticut, for $190 million. It offers 15,000 square feet in 50 acres - including 4,000 feet of water views and private beaches, but is said to need some modernisation - which could eat up a few million more.

After the new home, he may need a new car. And while there are several impressively pricey models on the road, he might want to turn to the auction house for something a little more exclusive. In January this year a Ferrari Testa Rossa, a 1957 model, sold for £24 million (almost $40 million). It was the second prototype ever built, and became the most expensive car ever publicly sold.

Then he could take to the road for the world's most expensive holiday - which was packaged up by Veryfirstto.com last summer, involving a two-year jaunt to every Unesco world heritage site. They sold just one of the trips - for £1 million ($1.66 million).

It still leaves him enough left over for some fashion statements - such as a $1.5 million Jaeger-LeCoultre Hybris Mechanica à Grande Sonnerie watch, and a wardrobe full of solid gold shirts at £162,000 each.

But what do you think? What would you spend the money on?

Multi-million pound pads

Multi-million pound pads