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Brad Duke is lucky and good.

May 29, 2007 By 1 Comment


I apologize for the lack of postings, I’ve been caught up in memorial day vacation and a delayed beta launch of Startup Addict.

My brother once told me it’s better to be lucky than good. Well I have to say from reading April’s issue of Kiplinger, Brad Duke is both. An awesome story about a 34-year old Idaho gentleman. He won the power ball and took his $220 million winnings in one $125 Million sum (85M after taxes). Unlike, the usual “blow-it, cause you got it” stories, Brad hires on 3 full-time financial advisors and reinvests his spoils. He has 15 million in interest a year later and is diversifying his portfolio by investing in real estate (man after my own heart). I find the story so compelling because he plans on turning his 85 Mill into 2 Billion by the time he is 55.

You have to hand it to him, he wins at the most unlikely odds and lets his earnings be an extension of his entrepreneurial spirit by adding more funding to two existing companies Synergy fitness Group (health consulting biz) and Duke Speed Academy (helping kid athletes). He did splurge on 2 more cycling bikes. Brad Duke gets the ultimate “atta-boy” for being lucky and good…oh ya and best of luck with the 2 billion.






 

Filed Under: Splattered Thoughts
About Tod Whipple

An obsessed serial entrepreneur. Founder of Startup Addict. Commercial Real Estate Expert. Technology Ninja. Lover of all things Business. Former movie & television producer. I have a Black Belt in "Keep'in it Real". Fuel your passion it will be 1% work 99% fun. You can connect with me on LinkedIn or follow me at @todwhipple or this blog @startupaddict.

  • Go Cats

    There is No WAY he earned 15 million in interest on 85 million dollars. That is almost 20%. (18 to be exact.) He sounds like he is full of BS. Nobody, even back in 2006/2007 before the bubble burst, was paying that kind of interest. Sounds like some awfully RISKY deals or inflated returns. And God help him if his portfolio was full of real-estate property and/or inflated stocks that now have BURST. Then he took a bath like everyone else, a lot of property values and stocks wealth will unfortunately never come back, for any of us. He is full of BS. And no way in heck is he going to have a billion dollars in anytime…ummmm ever. He is a very lucky guy, but he will never be a billionaire, let alone 2 billion, on what he won. He is delusional, and maybe a little greedy. Besides I saw an article on him not too long back and in it he said the recession hurt him and has been, like for everyone else, “challenging.” But he is still set for life. He needs to quit thinking he is the next Wal-Mart heir; 25 billion at last count, and/or the next Bill Gates, cause guess what Brad, it ain’t gonna happen.