‘Worst Financial Decision Of Her Life’: Binance Founder Says Lottery Winner Threw Away Generational Wealth
A viral lottery story drew industry attention Thursday after a 20-year-old winner declined a $1 million payout and chose $1,000 a week for life, prompting Binance founder Changpeng Zhao to argue that the decision traded “generational upside” for short-term comfort.
Viral Clip Sparks Fierce Financial Debate
The story gained traction after a woman identified as Brenda chose a fixed lifetime payout instead of the $1 million lump-sum option.
She said the weekly income felt safer and offered long-term stability.
Financial experts noted that depending on her lifespan, the payout could exceed the upfront amount, with $1,000 a week totaling $52,000 per year and roughly $1.56 million over 30 years.
Her choice immediately split audiences.
Some praised the guaranteed income, while others argued she gave up the chance to invest a large lump sum at age 20.
CZ Says The Lump …
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