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.

By Jonathan Berr Apr 1, 2013 3:52PM

Pedro Quezada, winner of the Powerball lottery, holds up the promotional Powerball jackpot check of $338 million (© Eduardo Munoz/Reuters)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.

 

More on moneyNOW


52Comments
Apr 1, 2013 4:43PM
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Good man.    He is helping his community.  Now my friend sell your store and disappear from sight or you will have friends and cousins showing up everyday asking for a handout.   You will learn half the Dominican Republic will claim you as their cousin.  You have done your good deed and now see about living your life.
Apr 1, 2013 5:07PM
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I HOPE he payed his child support and then put a lot of it away for his children's future.
Apr 1, 2013 4:15PM
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wow... there are some nice people left in the world.
Apr 1, 2013 4:47PM
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That's nice.  I guess that's why he won.  The ex wife must have regret she left him too soon.
Apr 1, 2013 5:18PM
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I have to give Him credit for being such a free hearted person, But if He keep this behavior up He will someday need someone to help him pay His bills.
Apr 1, 2013 6:20PM
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money goes fast, even lots and lots of money; especially when it is going out and not coming in.  Its nice he wants to be generous with neighbors and friends and family and glad to see he paid his child support.  But he needs to get a financial planner ASAP and set up some trusts for his kids' future education and expenses, buy some property and make smart investments, live a little by going on vacation to places he's only dreamed of; maybe give to certain charities and then just disappear for awhile so that every con artist and other pests don't bug him to death for his money.  After he gets back he can say his money is all tied up in investments, trusts and his finacial manager handles his money and he can't give money away anymore.
Apr 1, 2013 5:15PM
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He bought the winning ticket when he went out for some beer....So let me get this straight, He owed $29,000.00 in child support, but he could afford beer. Yeah, he is a GREAT guy.
Apr 1, 2013 6:15PM
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There is no real incentive for any father to cooperate with Child Support Agencies.  They aren't there to actually support families - much like any other social service.  That may have been the intention when they were formed, but they are more about self-serving their own budgetary and financial needs while performing "state-mandated help" - which is a joke.  Their definition of "help" is much akin to reading the stereo instructions to learn how to appreciate music.
Apr 1, 2013 5:28PM
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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.

Apr 1, 2013 5:36PM
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Whatever you do, don't remarry your ex wife!
Apr 1, 2013 5:01PM
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Read it again...he had a warrant for his arrest for not paying child-support...he owned a convenience store and didn't take care of his children. Thats why he owed 29,000...the court made him pay today otherwise he probably would have took off...now the piece of garbage is trying to look like a big shot paying everyone's rent...he is just a piece of trash that got lucky...someone who didn't deserve it...
Apr 1, 2013 4:50PM
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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..

Apr 1, 2013 7:16PM
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Nice. Now maybe he can pay his back child support ...and keep up to date on that.

Apr 1, 2013 6:58PM
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He has to get out of there. Now the ex will take him to court for big child support and the neighbors will expect their rent to be paid forever. Then the neighbors across the street will want some. He has to just disappear.
Apr 1, 2013 5:41PM
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hey thats my dominican cousin,  hey bro hit me up i been lookin for you since i hit the states i was gonna help you catch up on your child support but now i see you dont need my help!
Apr 2, 2013 8:59AM
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I'd be visiting my investment manager.
Apr 1, 2013 6:37PM
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He should have a plan for the future. Even the action looks good for his neighbors, it is like throwing the money out of the window. If he develops an expending problem like our government has, he  will end like most of the winners: penniless.  Expend wisely man!
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I would help my children and friends and also give to Catholic charities and nuns.
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