Sat, 5 Feb | News
Smart Lotto Winner Set to Grow His Winnings
A smart EuroMillions winner is on his way to another huge payout after making shrewd investments with his winnings.
Steve Thomson has apparently put aside a portion of his £105million jackpot for his children and grandchildren, in a trust run by the Coutts & Co, the same bank the Queen uses.
Cautious to not waste the prize like so many other lottery winners, he’s invested his winnings in stocks, shares and properties, earning the nickname “Mr Sensible” among friends.
In 20 years time, a trust worth £30 million could earn the former white van man £90 million.
Father-the-three Steve won back in 2019 with his wife Lenka but didn’t rush to spend the winnings.
It took Steve a whole year to move from his three-bed terraced home in Selsey, West Sussex, to his current £4.5 million estate in Kent.
Reports stated that Steve’s new home had two kitchens, six bedrooms, five reception rooms and a games room, as well as a swimming pool, tennis court and party barn also on the grounds.
The former builder continued to work in his window and conservatory business after his big win and pledged to do all of the DIY on his new home himself. He also donated sizable amounts to local causes including a cricket club, a medical surgery and his sons’ school.
Big Lottery wins haven’t always brought their recipients happiness.
Michael Carroll notoriously squandered his almost £10million jackpot on alcohol, drugs and prostitutes back in the early 2000s.
One of Steve’s friends said: ‘The truth is there has been massive pressure on Steve and Lenka since their amazing win.
‘Dealing with that sort of money and planning for not only your children’s future but generations to come is a hard task.
‘Steve is Mr Sensible and determined he doesn’t end up like Michael Carroll, skint and broken.’