“ The average property tax rate in LA County is .82%, so property taxes on the new crib are $400K a year”
He got 900 million lump sum — I don’t know it it’s pre-tax or not.
It’s pre-tax.
The $2.4 billion is the amount that you receive over 30 years by them investing that one-time payment that you can opt for instead. So, he took about a billion as a one-time payout and paid taxes on that, which works out to be about $630 million net.
Depending on the state, the payout could be more or less depending on the taxes in that state.
That’s just the property tax rate on his probably in advisable purchase of multiple mansions. The 900m is pretax so less 39% fed no state tax in CA on lottery winnings. He’s burning through it as fast as he can. As others have said, TMI and maintenance in all those houses is going to be a fortune every year