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Mega Millions winners face the 1 percent reality
A Los Angeles lottery bonanza tops billionaires trade hush, but experts say even a full pot would not vault winners into the ultra-rich inner circle. Analysts break down lump sums, taxes, and prudent investing as Steve Fazzari of Washington University notes a conservative $7 million yearly return after taxes for life and heirs.
MENTIONED IN THIS ARTICLE
ST. Louis
Bill Gates
Warren Buffett
Richie Rich
Los Angeles Dodgers
NFL
Miami Dolphins
New York City
Steve Fazzari
Washington University
Fazzari
Gates
Microsoft
America
New York
Chicago
Los Angeles
Forbes
Gateway Arch
Enterprise
Jack Taylor