Foreign Property News | Posted by Aye Myat Thu
Powerball billionaire Edwin Castro is generously sharing his winnings with his family, who are also helping him manage his sudden wealth.
Sources told The Post the 31-year old purchased a $4 million Japanese-inspired home in Altadena, California, for his parents, who previously lived just a few miles away.
Castro has also enlisted his younger brother Jesse, 27, who works as a banker, to help manage his assets after scooping the $2.04 billion jackpot last year, from which he took a lump sum payout of $997.6 million.
“They are a team and they’re very grounded,” a source said of the siblings. “They’re not into partying. They’re not out in clubs otherwise everybody would see them.
“The only pictures that they have are of him coming out of his lawyer’s [office] or the bank. That’s who they are. They are just normal people.”
The $4 million Altadena mansion Castro bought for his father, also named Edwin, and mother, Frances, boasts five bedrooms and five bathrooms and is 4,631-square feet in total with stunning views of the surrounding San Gabriel Mountains, according to Dirt.com.
(Edwin Castro was photographed leaving his home in the Hollywood Hills on the one-year anniversary of his $2 billion Powerball win.The Sun US/ MEGA)
(The $4M Japan-inspired home Castro has bought for his parents in Altadena, California.CBS Los Ange3les)
Castro, a trained architect who graduated from Woodbury University in Burbank — ranked 18th in the nation in architecture schools — was possibly inspired by the home’s unique features.
“The home’s U-shaped focal point is the gorgeous courtyard that created its own private oasis for you to escape the lounge in a zen patio completed by red floating Japanese roof and tranquil pond,” according to the home’s Zillow listing.
The house was last on the market in 2010 for $1.1 million before being sold to Castro in March.
Since his historic win, Castro has dropped a combined $76 million on three massive mansions in California.
His largest purchase was in September, when he bought a $47 million seven-bedroom, 11-bathroom, compound with an infinity pool in Bel Air.
(Castro purchased this $47 Million Bel Air compound in September./SplashNews.com)
(Castro also owns a Hollywood Hills mansion, his first mega purchase after hitting the jackpot.4CRNS, WCP / BACKGRID)
Ref: Powerball billionaire Edwin Castro bought $4M Japanese-style mansion for his parents as it’s revealed his brother is managing his assets (nypost)