Then there was Mr Cosmas Korir, a Sh208 million jackpot winner.
A Country of Gamblers tracked him down to his Bomet and Eldoret homes.
Mr Korir, who is preparing to run in the 2022 General Election, tells us how he spent his millions.
[SIZE=6]How I spent the Sh208 million[/SIZE]
Korir told the Nation when we visited him at his Bomet home that he got the entire Sh208,765,000 directly into his account. He says the money hit his account as soon as he left Sportpesa offices at Chancery House in Nairobi.
The first thing he wanted was a new car. This saw him buy a Toyota Land Cruiser V8 for Sh12 million. Then he had his two betting friends whom he gave Sh5 million each, adding up to Sh10 million. These friends he says were there with him from the very beginning when he was struggling to make ends meet and helped him to place the winning bet.
He then spent Sh2 million to complete his rural house in Bomet that had stalled having run out of cash. He also cleared what was left of a Sh3.5million loan he had taken to construct his house.
Korir then moved to Eldoret where he bought a flat to settle his family, where they are still living to date. At this time, there were too many unsolicited investment advice from friends and well-wishers and he decided to lock Sh130 million in a fixed deposit account to think and process what he needed to do. After about six months, Korir decided to go into real estate where he bought two flats in Kitengela.
He first bought an entire flat of 86 rooms in Kitengela, named it Double KK. This cost him about Sh50 million and he says if fully occupied, it has a monthly rental income of Sh570,000. But he says the challenges of the real estate sector make it difficult to have full occupancy at any given time and they fetch less.
Seeing how lucrative the first flat was, bringing him about Sh400,000 on a good month, he went back to Kitengela and bought a second Flat. This was a mix of 25 one bedroomed houses and 71 bedsitters, bringing it to a total of 96 rooms.
This second flat cost him Sh65 million and it has an estimated rental income when complete and fully occupied of Sh820,000 per month. He has also invested in machinery, and bought several parcels of land in Eldoret. He does not believe any of the other winners were fake and remains a big Sportpesa ambassador to date.
Being a politician, he is currently building a mansion. Unlike the other winners, Cosmas appears to have gotten the best side of everything. He won big by placing the smallest bet, but also most importantly, he had support from the company and friends on how to spend the money so that he doesn’t end up destitute.
To get more details on this, listen to the fourth episode of [I]A Country of Gamblers[/I] podcast.
https://nation.africa/kenya/news/cosmas-korir-how-i-spent-my-sh208-million-jackpot-winnings--3509518