$2B Powerball winner Edwin Castro bought $4M mansion for parents while brother manages his wealth

Dec 13, 2023, 7:50 am (35 comments)

After the Big Win

World's biggest lottery winner is spreading the wealth to his family

By Kate Northrop

Sources close to Edwin Castro, the winner of the world's largest lottery jackpot, have revealed that he's been generously sharing his prize money with his family, who are also involved managing his finances.

The Altadena Japanese-inspired mansion Edwin Castros scooped up for $4 million earlier this year was actually purchased for his parents, according to the New York Post.

It isn't Castro who's moved into the contemporary retreat, rather it's a new pad for his parents, who had previously lived just a few miles away from the new luxurious property. It's also a short drive away from the Mobil gas station where the 31-year-old bought his life-changing Powerball ticket worth over $2 billion.

Thanks to his incredible luck, Castro's father, also named Edwin, and mother, Frances, have access to unobstructed views of the San Gabriel Mountains from the comfort of the five-bedroom, four bathroom midcentury ranch-style house, complete with a small pond and a saltwater swimming pool.

Castro graduated as a trained architect from Woodbury University in Burbank — it might not come as a surprise if he appreciated the Japanese-Palm Springs-inspired home and its incorporation of nature in the overall design.

The Powerball winner had purchased a $25.5 million Hollywood Hills mansion less than a month before buying this Altadena property. While the Hollywood Hills house is nestled in a ritzy and celebrity-ridden neighborhood, his parents will enjoy a more relaxed vibe away from the hustle and bustle of city life. It's also conveniently a short drive away from multiple shopping and dining destinations and desirable hiking trails.

A childhood friend of Castro told The Post that Edwin Sr. and Frances were "very present parents" who took good care of both their sons and brought them to football practices and boy scout meetings.

Meanwhile, Castro has reportedly been working closely with his younger brother, Jesse, 27, to manage his sudden wealth. Castro had taken the $997.6 million lump sum when he claimed his prize last year.

"They are a team and they're very grounded," an unidentified source told The Post. "They're not into partying. They're not out in clubs otherwise everybody would see them."

Jesse works as a banker. Given the scrutiny surrounding self-proclaimed lottery lawyers, finding a financial advisor must not have been too difficult of a decision for Castro. If there's one thing that the historic winner is looking to avoid, it's unnecessary conflict and attention.

"The only pictures that they have are of [Castro] coming out of his lawyer's [office] or the bank," the anonymous source continued. "That's who [he and his brother] are. They are just normal people."

Sources also told The Post that he is still getting used to notoriety that comes with being publicly proclaimed as the world's biggest lottery winner, as he's already been targeted by scammers. He's also reportedly made sizeable donations to multiple local charities.

While he is wary of flaunting his wealth in public, he has a penchant for sports cars. He's been spotted driving around Los Angeles in a $200,000 Porsche 911, but the car most near and dear to him is the vintage green 1970's Porsche 911 SC that was passed to him as a family heirloom.

The same childhood friend that commented on Castro's parents also said he's always been "civic-minded" and volunteered often as an Eagle Scout.

"I'm sure there are a lot of people who are jealous of him, but it couldn't have happened to a nicer guy," the friend told The Post.

News story photo(Click to display full-size in gallery)

News story photo(Click to display full-size in gallery)

News story photo(Click to display full-size in gallery)

News story photo(Click to display full-size in gallery)

News story photo(Click to display full-size in gallery)

Lottery Post Staff

Comments

Lotterologist's avatarLotterologist

A wise man once said, "Blessed is the child of wise parents."

Congrats to the Castros, as they are an example of that.

CDanaT's avatarCDanaT

1 year later and he is still being followed, written about and photographed.....No thanks, I will opt out of that ceremony.

jack27

I'll  rather  stay  out of public  eyes. That's  so not smart.

hearsetrax's avatarhearsetrax

well as long as hes having fun & assumedly getting good advice from his brother 

I'm happy for him and he does seem a bit more grounded than most previous lottery louses

ShagE3

Rumor has it that on Halloween Edwin gave the trick or treaters Paydays and 100 Grand candy bars.

Well, I would hope he wouldn't be cheap and hand out penny candy!

Wavepack

Are you sure that's not an AI generation of a chubby Fidel Castro?   Add a cigar and subtract 70 pounds, and you have a spittin' image of Fidel.

Bleudog101

It seems commendable that he's taking care of his parents and his Brother seems to have a good head on his shoulders.

Hope he has some kind of security detail; way too many nutcases out there who would steal or kill him in a NY minute.  He might as well post his addresses.

 

Not thinking of him but his jackpot walking the dog in cold ass KY @ 0500.  Said to myself had it been me my group would get $2 million each vs the "normal" $1 million.  Luckily KY will cut separate checks to each member of  group play.

jack27

Easy  come easy go.

jjtheprince14

It's best to win in a state where you can stay anonymous.

jack27

Yes,  especially  there's  speculation  he stole the ticket. It's  dangerous  because  you don't  know people  intention.

Artist77's avatarArtist77

I am not certain how much financial expertise his 27 year old banker brother has. Hope he was not just a teller. 

His parents are living in my dream home. 

Edwin is definitely enjoying too much of that rich food. I would want to stay as healthy as possible.

Brock Lee's avatarBrock Lee

the year 2036: lottery post update #78329483 on edwin castro reveals he has purchased custom countertops.

hearsetrax's avatarhearsetrax

Quote: Originally posted by Brock Lee on Dec 13, 2023

the year 2036: lottery post update #78329483 on edwin castro reveals he has purchased custom countertops.

ROFL....nice touch

jack27

He's  not a celebrity.  What talent  does  he have? He's not even a philanthropy.  He's  never in the  news for charity.  Damm why God? Why can't people  with  good heart win

Subscribe to this news story