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How $3 billion Powerball winner is splashing his cash

News Corp Australia

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Powerball winner's new home. Picture: Realtor.com

The $2 Billion Powerball lottery winner has just bought this mansion in the Hollywood Hills. Picture: Realtor.com


The winner of the $2 billion (AU$3.02 billion) California Powerball draw, Edwin Castro, has just dropped $25.5m (AU$38.4m) on a mansion in the Hollywood Hills, the Post reports.

Castro, who claimed the winning ticket just last month, opted for the one-time lump sum payment of $997.6m (AU$1.5 billion), lottery officials said.

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And it looks like he wasted no time putting his new money into some new real estate.

Made up of five bedrooms and seven bathrooms, the sprawling property occupies more than 1250 square metres of living space.

Castro received a slight discount on the home. It initially listed for $29.95m.

Standing behind private gates above the famed Chateau Marmont, it was created by Roman James Design and comes with all the luxe amenities imaginable.

Powerball winner's home in LA. Picture: Compass/Realtor.com

The home’s swish kitchen. Picture: Compass/Realtor.com


EXCLUSIVE: Edwin Castro the $2 Billion Powerball Lottery Winner Buys Rakish Hollywood Hills Mansion

The bar with a view. Picture: Compass/Realtor.com


Powerball winner's home in LA. Picture: Compass/Realtor.com

The home cinema. Picture: Compass/Realtor.com


Pegged as an “entertainer’s dream,” amenities include a game room, a wine cellar, a movie theatre, a bar, and a fitness studio with a hot and cold plunge.

Exterior features include an infinity pool, a spa, two fire pits and a built-in barbecue area.

Panoramic views of Downtown LA to Century City are seen through a wall of Fleetwood glass doors, the previous listing notes.

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Penthouse has crazy rooftop putting green, spa

Powerball winner's home in LA. Picture: Compass/Realtor.com

Bathe next to your fireplace. Picture: Compass/Realtor.com


Built in 2022, the main room comes with a fireplace, a dining space and an open kitchen with black granite counters.

A double-height stairwell leads to the upper level, which holds the primary suite. The main bedroom comes with a private balcony and a spa-like bathroom.

There’s also a rooftop deck and a five-car showroom.

Powerball winner's home in LA. Picture: Compass/Realtor.com

The living space opens right onto the pool with views. Picture: Compass/Realtor.com


EXCLUSIVE: Edwin Castro the $2 Billion Powerball Lottery Winner Buys Rakish Hollywood Hills Mansion

The home has an amazing view of Los Angeles. Picture: Compass/Realtor.com


At the time Castro was announced as the winner of the lottery, officials did not provide biographical details, including his age and prior occupation. But Castro made sure to hand a written statement to the public.

“As much as I am shocked and ecstatic to have won the Powerball drawing, the real winner is the California public school system,” Castro, who did not appear in the press conference, said in his statement.

“The mission of the California Lottery, which is to provide supplemental funding for California public education — both public schools and colleges — makes this a huge win for the state.”

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This article was originally published by the New York Post and reproduced with permission

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