The winner of the $2 billion Powerball jackpot in February has spent the last few months buying up California real estate
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- The winner of a record-breaking $2 billion Powerball jackpot has gone on a real-estate-buying spree.
- His most recent purchases include a $47 million Bel Air mansion.
- Edwin Castro has also purchased properties in Hollywood Hills and his hometown of Altadena.
The winner of the record-breaking $2 billion Powerball jackpot, who came forward to claim his prize in February, has spent the last few months rapidly expanding his real-estate portfolio, Fortune reported.
Edwin Castro, 31, secured the winning $2.04 billion ticket at a gas station in Altadena, near Los Angeles, in November last year.
He claimed his prize in February, opting for the $997.6 million cash option rather than the 29 years of annuity payments, per Fortune.
This meant that Castro ended up with about $628.5 million in cash after federal taxes, according to USA Today.
With his newfound wealth, Castro has been going on a real-estate-buying spree, which has seen him purchase luxury properties in and around Los Angeles.
Earlier this month, Castro bought his most expensive property yet — a $47 million mansion in Bel Air.
DailyMail.com reported that the house has seven bedrooms, 11 bathrooms, a pool-sized koi pond, a large theater, and an infinity pool overlooking the city.
The property also has other luxury amenities, including a champagne-tasting room, glass-walled wine cellar, and DJ turntables, the media outlet said.
In March, Castro also bought a $25.5 million home in nearby Hollywood Hills, which Fortune said was one of the area's most expensive sales to date.
The property has five bedrooms and six bathrooms, as well as a fitness studio, game room, wine cellar, and movie theater, according to the New York Post.
In addition to these purchases, Castro paid nearly $4 million for a house in Altadena, his hometown, which has five bedrooms, five bathrooms, a Japanese garden, and a saltwater pool, a listing shows.
DailyMail.com reported that Castro has also been spotted driving a vintage Porsche, likely another of his post-jackpot purchases.
After his property investments, which total about $76 million, Castro still retains a substantial portion of his winnings.
Californian state law required Castro's identity to be revealed when he claimed the jackpot.
Although he declined to attend a news conference organized by lottery officials, he released a statement expressing his "shock and elation" at winning, The Guardian reported at the time.
Castro did not immediately respond to Insider's request for comment.