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Powerball winner Edwin Castro’s $3.8M Malibu home destroyed in LA Palisades Fire
nypost.com ^ | Jan. 10, 2025 | Nicholas McEntyre

Posted on 01/10/2025 7:39:46 AM PST by V_TWIN

Powerball winner Edwin Castro’s multimillion-dollar Malibu getaway has been destroyed in the horrific Palisades Fire, reducing the once-luxurious digs to a pile of ash. After the deadly fire tore through the area, all that remained of Castro’s $3.8 million home was concrete pillars and smoldering wood, photos obtained by The Post show. The destroyed Malibu abode was one of several Castro purchased after he won the historic $2.04 billion prize back in November 2022.

(Excerpt) Read more at nypost.com ...


TOPICS: Chit/Chat
KEYWORDS: fire; palisades; powerball
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1 posted on 01/10/2025 7:39:46 AM PST by V_TWIN
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To: V_TWIN

2 posted on 01/10/2025 7:40:34 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
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To: V_TWIN

The destroyed Malibu abode was one of several Castro purchased after he won the historic $2.04 billion prize back in November 2022.


That’s a shame.

At least he has other homes he can escape to.


3 posted on 01/10/2025 7:41:20 AM PST by Jane Long (Jesus is Lord!)
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To: V_TWIN

Lucky him. He can cash out the insurance, sell the lot and move to the United States.


4 posted on 01/10/2025 7:42:18 AM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: V_TWIN

Is it his getaway or is it his home? I don’t call my little 70’s suburban tract house a getaway.


5 posted on 01/10/2025 7:42:56 AM PST by webheart (S)
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To: V_TWIN

Right next to the ocean and no water available.

Welcome to leftist-run California.


6 posted on 01/10/2025 7:43:42 AM PST by cgbg (It is time to pull the Deep State out of the mass media--like ticks from a dog.)
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To: V_TWIN

What are the odds that none of those Malibu beachfront homes are ever rebuilt? I can easily see the California Coastal Commission blocking construction.


7 posted on 01/10/2025 7:45:46 AM PST by kosciusko51
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To: Vigilanteman

Doubtful he had insurance in California or insurance climate.

However he obviously has other homes so that is a blessing.


8 posted on 01/10/2025 7:47:29 AM PST by Persevero (You cannot comply your way out of tyranny. )
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To: V_TWIN

First of all if I won 2 billion dollars in the lottery I wouldn’t be buying $4 million dollar houses...or $500,000 cars....or million dollar rings.


9 posted on 01/10/2025 7:48:50 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
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To: kosciusko51

That’s what Adam Carolla says.

When these lefties have to deal with the beauracracy and red tape it’s gonna be a real reality check.


10 posted on 01/10/2025 7:50:37 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
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To: Gay State Conservative

His first and BIGGEST mistake was not moving out of that God forsaken state ASAP.


11 posted on 01/10/2025 7:51:40 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
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To: Vigilanteman
Another thing that jumps out at me is why is it that we know his name. IIRC lottery winners are allowed to set up a corporation or an LLC and have it claim the prize. Knowing his name and having an idea where I can find him makes even me want to track him down and relieve him of some of his $$$.

Only kidding! :-)

12 posted on 01/10/2025 7:52:25 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
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To: V_TWIN

IIRC lottery winners living in Kalifornia don’t have to pay state taxes on their winning.


13 posted on 01/10/2025 7:53:36 AM PST by Gay State Conservative (Import The Third World,Become The Third World)
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To: Gay State Conservative

If I won $2B? Lets say you keep $1B after taxes. That generates $40 Million in cash per year easy without touching the principal. Over $3M a month after taxes. The money to pay for that $500K car would be generated in less than a week. Every week. I might splurge.


14 posted on 01/10/2025 7:55:16 AM PST by bigdaddy45
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To: Gay State Conservative

California is one of the states that don’t allow you to remain anonymous.


15 posted on 01/10/2025 7:55:49 AM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: Jane Long

The home he bought for his parents is in Alta Dena, epicenter of the Eaton Fire.


16 posted on 01/10/2025 7:58:53 AM PST by CondoleezzaProtege
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To: V_TWIN

Yeah maybe not move out of CA yet but have the option by diversifying his real estate and investments, and planting roots elsewhere. The article says he bought his parents a home in Alta Dena which is where the other fire is.


17 posted on 01/10/2025 8:00:32 AM PST by CondoleezzaProtege
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To: kosciusko51

Apparently, insane Cali codes are so outrageous that 300 firetruck sent to help with th fires have to “await inspection before they can be allowed to help fight the fires”

Liberalism is a mental disorder without narry a cure.


18 posted on 01/10/2025 8:01:12 AM PST by Bob434
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To: Gay State Conservative

“lottery winners living in Kalifornia don’t have to pay state taxes on their winning”

A small price to pay to get outta THAT hellhole....IMO


19 posted on 01/10/2025 8:04:06 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
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To: bigdaddy45
Maybe he's not really all that heartbroken. If he found that he didn't care much for the lifestyle there and the state itself, what neighbor could he have shared that with?
20 posted on 01/10/2025 8:04:12 AM PST by equaviator (If 60 is the new 40 then 35 must be the new 15.)
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