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Kes. 100M Lotto Winner!!!!!
hardwood
#11 Posted : Monday, January 02, 2017 9:55:55 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad


I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with.
Shak
#12 Posted : Monday, January 02, 2017 10:29:57 PM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
hardwood wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad


I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with.

What is the lifestyle cost of someone who lives in Karen? Certainly much more than 400k per month
hardwood
#13 Posted : Tuesday, January 03, 2017 9:22:06 AM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Shak wrote:
hardwood wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad


I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with.

What is the lifestyle cost of someone who lives in Karen? Certainly much more than 400k per month


Can you elaborate.
hardwood
#14 Posted : Tuesday, January 03, 2017 9:24:09 AM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
2012 wrote:
maka wrote:
Shak wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad

I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece


How much will he get net?


I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair!


How come it doesn't apply to sportpesa?
majimaji
#15 Posted : Tuesday, January 03, 2017 10:10:52 AM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162

How many people lost for the guy to win? And how did the biggest bettor lose. How much did the betting company make? AND what taxes did the government collect?
Impunity
#16 Posted : Tuesday, January 03, 2017 10:14:47 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
2012 wrote:
maka wrote:
Shak wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad

I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece


How much will he get net?


I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair!


I didnt know that...I thought unapewa pap! yote at once.
So for how many months will he get the full sum?

And I also think Gambling winners are not taxed at the moment...but I may be wrong!

d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#17 Posted : Tuesday, January 03, 2017 10:18:56 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
hardwood wrote:
2012 wrote:
maka wrote:
Shak wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad

I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece


How much will he get net?


I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair!


How come it doesn't apply to sportpesa?


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Like jana I won a bet kes. 285, and I got it full...I did not pay any tax!

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Mike Ock
#18 Posted : Tuesday, January 03, 2017 10:47:44 AM
Rank: Member

Joined: 1/22/2015
Posts: 682
Easy come easy go. The guy is not mentally prepared for such money, and worse still it was gotten by pure luck, so people around him will feel he should share. That man will know riches, but he will not know peace
Impunity
#19 Posted : Tuesday, January 03, 2017 11:06:59 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Mike Ock wrote:
Easy come easy go. The guy is not mentally prepared for such money, and worse still it was gotten by pure luck, so people around him will feel he should share. That man will know riches, but he will not know peace


So what is the point of playing this gambling games?
Coz if you dont you are doomed, if you win are even doomed the more!
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

quicksand
#20 Posted : Tuesday, January 03, 2017 11:17:58 AM
Rank: Veteran

Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
2012 wrote:
maka wrote:
Shak wrote:
Impunity wrote:
What would you do with such a windfall?And you are only 40!
Sad

I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece


How much will he get net?


I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair!


What? I did not know that...something to learn everyday huh...anyway, perhaps that is a good thing.
It doesn't have to be all bad...the guy could use financial management 101 right now,..not an MBA, just basics, common sense. It would be nice if the organizers made it a condition to complete one as part of the acceptance procedure.
The same for talent management, for people who receive crazy fees. My former used to conduct such classes for staff (compulsory),...eye openers I tell you.
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