Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, February 23, 2023

Lottery winner burns through nearly $50 million before death

Estate PlanningColin Weir of North Ayrshire, Scotland, won one of the largest EuroMillions jackpots in 2011. Unfortunately, he passed away in 2019, but not before burning through most of his fortune.

Weir spent an average of $131,900 weekly in an eight-year span, mostly purchasing luxury items and investments. For example, he and his wife bought a mansion, Frognal House, which they spent thousands renovating.

Weir also purchased a 55% share in the Glasgow soccer team, Partick Thistle, wiping out the team's debt and funding the team’s youth academy. Weir also got involved with politics, donating large amounts to the failed Scottish Independence Referendum campaign in 2014.

For more information see Peter Aitken “Lottery winner burns through nearly $50 million before death” Fox News, January 26, 2023.


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