How do millionaires go bankrupt

Everything juxtaposed! | 5 weird millionaires who have squandered their fortunes

You appreciate what you earn with hard work. What falls into your lap, probably not. BILD shows five former excessive millionaires who are living proof that the way from the top to the bottom can be shorter than expected.

Lotto-Lothar celebrated dead

Unemployed and canned beer lover - suddenly a lottery winner with a penchant for champagne and other expensive things. On August 20, 1994, Lothar Kuzydlowski (48 at the time) cleared the jackpot in the Saturday Lotto and won 3.9 million marks (approx. 2 million euros). In one fell swoop, the unemployed carpenter was rid of all his financial worries - and became famous as the lottery lottery.

The abbreviation “LLL” dangled from his gold chain: for Lotto, Lothar, Lamborghini. He allowed himself a life of luxury, bought expensive cars and built a house in the country for himself, his wife and his little daughter. He jetted around the world, sunbathed under the palm trees of Mauritius, drove in the snow-white Lamborghini.

But the millions brought no happiness to the family. Only a month after the big win, Lothar's father Leo died, shortly afterwards his brother Peter. While his wife Andrea ran the household at home and looked after the child, Lothar squandered the money. More and more often he amused himself with dodgy barmaids on holidays by the sea. The marriage broke up.

Lothar became addicted to alcohol and drank vodka by the bottle. Five years after the big win, Lotto-Lothar died of cirrhosis of the liver. What was left of his fortune he bequeathed to a barmaid. It wasn't much anymore.

"Half went on alcohol, women and cars, the rest I wasted"

George Best († 59)was awesome. Unfortunately, he had a unique talent not only as a footballer, but also as a drinker and womanizer. "Half of my money went on alcohol, women and cars, the rest I just squandered," he once said - and thus created the most famous quote of all fallen millionaires.

At 15, the Northern Irishman joined Manchester United, at 17 he had earned a place in the first team. At 22, he was voted European Footballer of the Year.

Best was a hero of the 60s, but the crash was already on the horizon. Keeping things moderate - he could never do that. In 1968 alone he bought three snow-white Jaguars. In 1970 he had a futuristic dream house built for himself which, because of its large panoramic windows, did not allow for private life and was otherwise completely unsuitable for living: if you pressed the button for the blinds, the bathtub filled up.

In 1982 Best was declared bankrupt. In 1984 a judge sent him to jail for a few weeks. Best had been stopped for drunk driving and beaten up a police officer.

The drunkenness was also to blame for the fact that he missed his own wedding in 1995. "He was on a two-week drinking tour and has turned into a monster," said the displaced bride at the time of the "Sun".

After all, the alcohol cost him his life. After a liver transplant, he continued to drink as before. "I've given up drinking, but only while I'm sleeping," he joked. Shortly afterwards it rapidly degrade. He died in hospital in November 2005 at the age of 59.

Bad luck in luck: How winning the lottery ruined the lives of Petra and Achim Bubert

They had won everything, only to lose it again: The married couple Petra (56) and Hans-Joachim Bubert (51) won an incredible 7,977,777 marks in game 77 in 1994. The lottery win should go to the trained hairdresser, her husband, the worked as a carpenter, and freed their sons Marcel and André from the debt trap.

Instead, after winning the lottery, things got bad, then worse. In the first few weeks the Buberts distributed 2.2 million to relatives, friends and acquaintances. "You're rich now, with your many millions you don't even notice it," they often heard.

Today Achim says: “Back then I had no real connection to the money, I couldn't really grasp the huge amount. If we had the millions in cash on the table in front of us, we would surely have realized sooner that we had lost control. "

Twenty years after the big lucky day, the couple lives in Klein Rönnau, a 1,600-strong community near Bad Segeberg in Schleswig-Holstein. There are pledge seals in her house.

Achim, who quit his job as a carpenter after winning, fulfilled his dream of having his own fishing shop with the money. But the store did not bring the hoped-for profit. He also lost money that he had invested in real estate funds.

The couple published their ordeal in book form in 2009. The title says it all: "With the money came tears".

"I celebrated everything except the house"

Marlene Grabherr (58) was the first woman who cracked the one million mark question in Günter Jauch's “Who Wants to Be a Millionaire?”.

That was in May 2001. But the sensational win did not bring her luck.

After her triumph, Grabherr bought FIVE cars (four Alfa Romeo, one Mercedes SLK), made luxury trips all over Europe and lent many relatives money that she never saw again.

Now she says sadly: “I finally have nothing left. Just the little house we bought. We have to see how we can make ends meet. "

The million thing seems pretty cursed!

Grabherr says she would like to completely forget the whole thing with Günther Jauch, the confetti rain, the millions of viewers.

Jauch millionaires and what became of them

A long descent: from Rolls-Royce to bicycle

It's almost an achievement: The Frankfurt bon vivant Thomas Kramer (56) is said to have squandered his entire fortune of over 90 million dollars (!).

Allegedly, the ex of Burda daughter Catherine "only" has 300,000 euros left. He is said to have celebrated the rest at luxury parties in his adopted home of Miami.

How did this come about?

Kramer invested his fortune in land and real estate in the early 1990s. Many of them near the beach in the sunny US state of Florida. Kramer paid cash and developed huge residential complexes, including the luxurious Portofino Tower. The money he invested is said to have been black money from Swiss accounts that he received from the Munich printing entrepreneur Siegfried Otto († 82), nicknamed "Geldschein-Otto".

His lifestyle was as decadent as the real estate: luxury yachts, voluptuous women, celebrities, drugs - a life in the fast lane.

But apart from the roar of the party, things got worse and worse for him. His former financier, "Geldschein-Otto", had already filed charges against Kramer in 1997, demanding repayments totaling 145 million dollars. Last year in May Otto's descendants got the right: The bon vivant now has to repay millions - with interest and compound interest.

If these stories prove one thing, it is probably this: pride comes before the fall!

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