Chino Hills, CA — The lottery is full of rags-to-riches tales. Now the 1 percent has its own feel-good story.
Lottery officials are pleased to announce this evening that a winner has been announced in Wednesday night’s drawing. That lucky person is 27-year-old hedge fund manager Jared Price from Chino Hills, California, a suburb of Los Angeles. According to lottery officials, Jared is one of three winners of the $1.5 billion jackpot, the largest in history. Mr. Price won by correctly matching all five numbers and the Powerball.
Price told the lottery that he had no specific plans for the money, which he will chose to receive in installments over the next 30 years. “I just want to be a normal man,” he said. “Maybe I will buy up the next Wu Tang album, or buy another yacht. I already have more than anyone would ever need, so this is just icing on the cake,” he continued.
According to the local ABC News affiliate, Price, who according to Forbes is one of the richest “Under 30” making millions of dollars as the head of Spiegel International, bought 15,000 Powerball tickets for $30,000 before Wednesday’s drawing. “I picked my own numbers for the ticket,” he said. “They were all random. Whatever numbers come into my head I pick. I never play the lottery, so this is all new to me.”
Price purchased his winning ticket at a 7-11 station in Chino Hills, California. The owner of the store that sold the winning ticket will receive a $1 million payout, according to lottery officials.
Beginning in October, 2015, Powerball® became an even larger combined large jackpot game and cash game. Every Wednesday and Saturday night at 10:59 p.m. Eastern Time, we draw five white balls out of a drum with 69 balls and one red ball out of a drum with 26 red balls. This change means bigger jackpots. It also means that your odds of winning some prize are improved. California state law requires lottery winners to publicly release their identity.
The winning numbers were 8, 27, 34, 4, 19 and the Powerball number 10.
This post has been updated to reflect the announcement of two additional winners, one in Florida and another in Tennessee.