This Powerball winner bought 3 California mansions — here are better ways to invest a cash windfall

Group 1 - The article discusses Powerball winner Edwin Castro's significant purchases following his $2.04 billion jackpot win, including a $50 million mansion and other luxury properties totaling approximately $76.5 million [3][4] - A lawsuit was filed against Castro by an individual claiming to have purchased the winning ticket, but the case was dismissed by a judge due to the plaintiff's lack of response [2][3] - Financial advisors caution that luxury homes can become a financial burden, with maintenance costs ranging from 1% to 4% of the property's value annually, potentially costing millions for Castro [4][5] Group 2 - The article emphasizes the importance of understanding the overall expenses associated with owning luxury properties, including maintenance and property taxes, to avoid financial strain [5] - It suggests that tying up wealth in large properties may not be the best strategy for building wealth, indicating the need for diversified investment approaches [6]