New Jersey Family Wins $429.6 Powerball

New Jersey Family Wins $429.6 Powerball

The Powerball has just made a 70-year-old woman, Perlie Smith, $429.6 million richer.

On May 13, 2016, Ms. Smith was identified as the Powerball jackpot winner. She has seven children, of whom Valerie Arthur is the eldest. Arthur just retired as a prison administrator for the Department of Corrections.

In a conference where Arthur acted as the Smith family's spokesperson, it was asked where the number combination for the Powerball came from. Arthur said it was merely "divine intervention". Perlie was the one who purchased the winning ticket.  According to Arthur, the numbers did not come from important dates, such as anniversaries or birthdays. Perlie chose the numbers randomly and did not opt for computer generated number selection. She said the numbers came to mind through a dream.

The Smith family preferred to collect the money in the lump sum of $284 million. When divided by eight, each member of the family will have more than $35 million. To guide the family on how to handle the huge amount of money they have won, the Smiths have hired lawyers and financial advisers. They are still in shock and overly delighted with their fortune but Arthur believes that if wealth can change her and her family, it should be a change for the better.

The Powerball history reveals that this is the 6th biggest win to date. The ticket was bought at a 7-Eleven store in Trenton, New Jersey. Andrea Shin, the owner of the store, who received $30, 000 for the Smith's winning, said she had a gut feeling that the winner was a regular customer. She is glad that something positive has happened in Trenton and even stated that everyone in the community is happy for the winner.

atest Posts

Monsanto Restricts GMO Cotton Seed to India

Monsanto Restricts GMO Cotton Seed to India

Monsanto Co. recently withdrew an application that was seeking regulatory approval for cotton seeds to be sold in India. This took place in the middle of a debate with the government on the subject of royalty fees. According to the spokesperson of Monsanto Co., Christi Dixon, the application was…

More

Brexit vote: Finance ministers meet to discuss impact

Brexit vote: Finance ministers meet to discuss impact

An urgent meeting with Chancellor George Osborne has been called by UK finance ministers from the three devolved governments. This came after Finance Secretaries Derek Mackay from Scotland, Mairtin O Muilleoir from Northern Ireland, and Mark Drakeford from Wales met in Cardiff. The finance ministers…

More

ther posts

Wells Fargo fined for $70 million for mortgage malpractice

Wells Fargo fined for $70 million for mortgage malpractice

The U.S. Comptroller of the Currency fined Wells Fargo on Wednesday due to some malpractice in mortgage services. Between March 2013 and October 2014, according to the regulator, Wells Fargo made some escrow calculation errors. These errors, in some cases, led to incorrect denial modifications. The…

More

What you need to do before you quit your job

What you need to do before you quit your job

Quitting your job is a dream for many, especially if you’ve been unhappy there! In other cases, it may be as simple as moving on to greener pastures: a higher salary, a better position, or a company that is more compatible with your career and personality. Regardless of the scenario, ending…

More

ecents

Strong US Dollar cheers up the economy

Strong US Dollar cheers up the economy

United States labor market is literally booming and the drive of the growth is strong dollar. The Federal Reserve’s monetary policies are working right. The United States currency also cheered the stock markets. If the market continues to boom till September, the increase in the borrowing rate…

More

A Brief Theory on Experimental Finance

A Brief Theory on Experimental Finance

Experimental finance is an interesting branch in the study of finance. The main aim of this tactics is to understand not only the behavior of the market but also that of human behavior in settings that are simulated with relevance towards finance. This part of study is majorly researched based. The…

More

dvertisement

dvertisement