'I Was Happier Broke': $16M Lottery Winner Ends Up In Debt In Just 3 Months

Jun 11, 2026, 12:11 PM•beehiiv

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Personal Finance

Pennsylvania Man Won $16M Lottery — Bought A Plane, A Mansion, Then Went Bankrupt: 'I Was Happier Broke'

William 'Bud' Post, a Pennsylvania Lottery winner of $16.2 million in 1988, faced financial ruin and legal battles. His story shows how sudden wealth can lead to debt and downfall.

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PERSONAL FINANCE

Personal Finance

77-Year-Old Bought Gold for Scammers — Twice. Lost $390,000: 'I Was Hoping It Was a Bad Dream'

A New Jersey retiree lost $390,000 in a sophisticated scam involving fake emails, deposits, and gold purchases. Learn about the fraud and warning signs of retirement scams.

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BUSINESS

Business

A Bootstrapped Newsletter Is Now Worth $101 Million — Built By Just 27 Employees

Bootstrapped newsletter publisher 1440 lands a $101M (£80M) valuation on $27M annual revenue, generating $1M per employee with no outside capital.

PERSONAL FINANCE

Personal Finance

Saving More Won't Solve This Retirement Problem — Top Wealth Manager Says Most People Miss A Critical Step

Michael Cherny of Citizens Wealth Management redefines retirement planning with a focus on personal goals and regular reviews. Learn to anticipate overlooked expenses and secure your financial future.

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The World Cup Has a Market for Every Match.

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BUSINESS

Mark Cuban Says He Was Once Richer Than Elon Musk and Jeff Bezos Combined: 'I Didn't Care'

Billionaire Mark Cuban once prioritized winning a Dallas Mavericks championship over his net worth, while earning huge returns from 'Shark Tank' and mentoring future entrepreneurs.

IBTimes Mags

World

The Death of Anonymous Browsing? Trump's AI Deal Could Force Millions to Prove Their Identity Just to Browse Online

A White House-backed plan may require Americans to verify their age online, potentially ending anonymous browsing. Critics argue it could expand government control and alter internet freedom.

Trending

Meta Layoffs Reveal Managers And Engineers Paid The Highest Price For AI

Meta's recent layoffs, focused on managers and engineers, reflect its AI investment strategy, reshaping workforce dynamics and prioritising smaller, AI-driven teams.

World

US-Backed Taiwan Fires Rockets Toward China In Strait Drill As Tensions Surge Over Island Defence Escalation

Taiwan conducted a live-fire military exercise using US-supplied HIMARS, firing towards China, showcasing defensive readiness amid rising tensions and strategic shifts towards asymmetric warfare.

World

More Than 50,000 Fake Pills Laced With Deadly Opioids Seized Across Europe Amid Overdose Fears

Over 50,000 counterfeit opioid tablets were seized in Europe in 2024, highlighting a growing crisis. Authorities warn these pills, often disguised as legitimate medications, pose significant health risks.

CyberSecurity

New CAPTCHA Scam Can Steal Banking Passwords — Here's the FTC Warning You Shouldn't Ignore

The FTC warns of a phishing scam using fake CAPTCHA pages to install malware, risking personal data theft. Be cautious of CAPTCHA requests involving keyboard commands.

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