MALIBU, Cali. (KTLA) — Edwin Castro, the winner of November 2022’s historic $2.04 billion Powerball jackpot has reported lost his Malibu home in the Palisades Fire.
Inside Edition reports that Castro spent $3.8 million of his winnings in 2022 on the beachfront property, but the massive blaze has reduced the home to rubble.
The 2-bedroom, 3-bathroom home was accessible to the beach, according to TMZ.
While he may have lost this property, he still has others.
In March 2023, Castro reportedly purchased a Hollywood Hills luxury complex for $25.5 million. Around that same time, he also purchased a 5-bed, 5-bath home located in Altadena.
Various reports state that Castro’s homes in both of those locations were not damaged by the Sunset and Eaton Fires.
Over two years ago, Castro purchased his winning ticket at Joe’s Service Center in Altadena. He opted to receive the lump sum payment option of $997.6 million and spent his winnings on real estate.
The Palisades Fire broke out on Jan. 7 and has exploded to 23,713 acres as of Monday with containment at 14%, according to CalFire.
