This story is brought to you by Lottery News, a mobile lottery app that provides coverage of lottery drawings, lottery winnings.
After Petra and Achim Bubert had won almost four million euros in the lottery, they lived in a frenzy. Eventually, all the money was gone and the couple was heavily indebted. But now the story has turned even more bitter for the two of them as their marriage has hit the skids due to the money problems.
As reported by Express.de, the marriage failed after 37 years. Gradually, the couple had grown further apart, and by 2015, Achim had already fallen in love with another woman. Yet he was still determined to maintain his marriage. Two years later, Petra and Achim went on holiday again, but they couldn’t save their marriage. Since then, the two have been separated.
Almost eight million German marks (about four million euros). That was the amount won by Petra and Achim Bubert back in 1994. At that time, the lottery prize was just right: after all, the couple was heavily indebted and had to pay off a home loan. When the carpenter cracked the lottery jackpot in game 77, the couple could hardly believe their luck.
Suddenly multi-millionaires: how the Buberts spent their money
Overnight the couple became multimillionaires — enough money to do everything right. Debt repayment, building up the Buberts’ small craft business and being happy, without financial worries, until the end of their lives. Unfortunately, it was exactly the opposite that transpired: the couple lost everything that they had won.
Mr. Bubert bought four cars right from the start, including an Audi A6, a convertible for his wife and two minibuses for the company. In addition, the family also gave gifts to friends and relatives. And so it went: after one week only, 1.25 million euros was spent. “Cheques were made out and given to all sorts of people. They were all happy and immediately went to the bank to cash them. But our lottery winnings weren’t in the account yet,” says Achim Bubert. The bank provided credit — but not without first demanding an overdraft fee of thousands of euros.
As soon as the lottery prize showed up, Petra and Achim Bubert went on with the same wastefulness. They bought a huge luxury property with pool, a fishing pond with pedal boat, two ponies and a donkey. In addition, their two sons were given their own go-kart track. They also bought two holiday homes on the Baltic Sea and two boats for almost 32,000 euros. As a result, their assets worth millions eventually dwindled. “One lives like in a dream. And somehow you don’t even notice that the money is slowly disappearing.”
“Lottoschweine” (lottery pigs) — family mobbed by friends and relatives
In addition, the family experienced hell within their own hometown — many people tried to blackmail them, mobbed them and called them “lotto pigs.” The carpenter’s customers suddenly stopped paying their bills, and employees robbed them. They were constantly being suckered by friends and relatives into paying them more money.
In the end, the Petra and Achim Bubert also speculated on stocks and real estate, and the Buberts’ craft business went bankrupt. The family went through hell for many years. Today, the couple have jobs again, run a shop for fishing equipment and aquarium owners, but they still mourn the “good old days.”
First published in Frankfurther Rundschau, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Which of these lesser-known EV stocks will be the next Tesla?
The competition on the EV market is getting tighter, as several lesser known manufacturers are raising the interest of investors....
Gigantic cannabis plantation officially opened in Northern Macedonia
In addition to the cannabis plantation, PHCANN - which is also listed on the New York Stock Exchange - has...
Is the Ethereum 2.0 deadline bullish for the ETH course?
With the launch of Ethereum 2.0, a new era could begin for the young Decentralized Finance (DeFi) industry. The change...
Exit for an SME financed with equity crowdfunding: Cesynt shares on Euronext
Founded in 2010, Cesynt had already conducted a first equity crowdfunding campaign on Opstart in June 2018, collecting $297,000 (€250,000),...
The business environment in Morocco: the EESC calls for more effort
In its annual report, published in the Official Gazette on November 17th, 2020, the Economic, Social and Environmental Council in...
Cannabis7 days ago
CBOS survey: over 60% of Poles are for cannabis legalization
Biotech7 days ago
Ability Pharma closes €2 million round to advance antitumor development
Featured7 days ago
Moneyfarm launches smart bank transfer to invest directly from the current accounts of multiple banks
Featured7 days ago
How to generate performance through responsible investments