Cash payout was around one billion. After taxes, probably closer to 630 million. Paying 25-50 million per mansion can burn through that rather quickly.
You have to pay taxes on a lottery win?
We don’t have to do that....but give Trudeau a bit more time and he’ll rake that in as well.
From the article: “his one-time lump sum payment of $997.6 million”
You’re right. Spending like that will burn through his money quickly. If he’s buying simply to invest I guess that could be another story. It seems that even in bad times there are the super rich who have no problem handing over cash for these kinds of properties.
But if he’s buying aas a collector, he’s a dope. And in SoCal when people are leaving the state, and when the entertainment industry seems to be relatively unhealthy.