Powerball winner to pay neighbors' rents
The newly minted multimillionaire has offered to help out an entire block of his New Jersey neighborhood -- by covering their housing costs for the next month.
Forget buying his friends the next round at the bar. Newly minted Powerball multimillionaire Pedro Quezada is paying the rents and mortgages of the people who live on the same block as his bodega in Passaic, N.J., for the next month or two, according to The New York Daily News.
It isn't clear how Quezada, an immigrant from the Dominican Republic who won a $338 million jackpot, came up with the idea. He can certainly afford it. Quezada opted for a lump-sum payment of $152 million, the fourth-largest payout in Powerball history. Neighbors of his Apple Deli Grocery were "stunned" by Quezada's magnanimous gesture, the paper said.
Passaic is a working-class suburb of New York City. Average rents there range from $990 per month for a studio to $1,890 for a 4-bedroom apartment, according to Realtor.org.
Before hitting the jackpot, Quezada had owed $29,000 in back child support and had an outstanding warrant for his arrest. He has recently paid back the money he owes, according to media reports.
Quezada has also put his convenience store up for sale. His future plans are unclear.
--Jonathan Berr hopes that Quezada doesn't fall victim to con artists. Follow him on Twitter at @jdberr.
He seems to have a kind heart for his neighbors... but I wonder why he wasn't so kind in supporting his children?
Whatever. Sounds like it will all be gone soon. Hopefully he can get a little happiness out of it.
When you win that kind of money....You can do a lot of NICE things..Bravo for him..
But I also think he should get some advice ASAP...
And I hope he gets that from GOOD PEOPLE too.....And not shysters..
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +0.50. U.S. equity futures hold slim losses amid cautious action overseas. The S&P 500 futures trade within a point of fair value after slipping from their highs during the past three hours. Similarly, European indices are on the defensive following another set of news from Ukraine. Specifically, an aid convoy from Russia has crossed the border without prior authorization and the situation is likely to ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'