Abraham Shakespeare's Net Worth: The Tragic Story
The story of Abraham Shakespeare is a tragic one, marked by a lottery win, newfound wealth, and ultimately, a devastating end. Winning millions seemingly overnight sounds like a dream come true, but for Shakespeare, it turned into a nightmare. This article explores Abraham Shakespeare's net worth at the time of his death and the circumstances surrounding his life after winning the lottery.
The Lottery Win and Initial Net Worth
In 2006, Abraham Shakespeare won a staggering $31 million in the Florida Lottery. Opting for a lump-sum payment, his net worth immediately jumped to approximately $17 million after taxes. Before this life-altering event, Shakespeare lived a modest life, working various odd jobs. The sudden influx of wealth changed everything, but not necessarily for the better.
The Downfall
- Exploitation: Unfortunately, Shakespeare became a target for those looking to exploit his newfound wealth. He was constantly hounded by people asking for money, leading to a chaotic and stressful existence.
- Poor Investments: Lacking financial literacy, Shakespeare made several poor investment decisions. This quickly dwindled his net worth.
- Dee Dee Moore: Dee Dee Moore, also known as Dee Dee Cason, entered Shakespeare's life, claiming she wanted to help him manage his finances and write a book about his life. However, she manipulated him and siphoned off a significant portion of his remaining wealth.
Abraham Shakespeare's Net Worth at the Time of Death
By the time of his death in 2009, Abraham Shakespeare's net worth had significantly decreased. It is estimated that he had only a fraction of his original winnings left, possibly less than $1 million. Dee Dee Moore was later found guilty of his murder and sentenced to life in prison. She had systematically defrauded him, leaving his estate in disarray.
Lessons Learned
The tragic story of Abraham Shakespeare serves as a cautionary tale. It highlights the importance of financial literacy and the dangers of being unprepared for sudden wealth. Here are a few key takeaways:
- Seek Professional Advice: If you win a large sum of money, consult with financial advisors, attorneys, and accountants to manage your wealth responsibly.
- Protect Yourself: Be wary of individuals who suddenly appear offering help or seeking financial assistance. Protect yourself legally and financially.
- Stay Grounded: Remember your roots and the values that guided you before the wealth came. Sudden wealth can change people, and not always for the better.
Abraham Shakespeare's life was cut short, and his net worth, once substantial, was squandered due to exploitation and poor decisions. His story remains a stark reminder of the responsibilities that come with wealth and the importance of protecting oneself from those with ill intentions.
