Jack Whittaker
Definition
An American businessman and social figure who became widely known as the winner of a $315 million Powerball jackpot in 2002, subsequently serving as a cautionary tale regarding the sudden, life-changing, and often tumultuous effects of extreme wealth on personal and family stability.
Examples
Winning the Powerball like Jack Whittaker is the financial equivalent of being handed a lit stick of dynamite as a birthday present.
If you follow the Jack Whittaker school of financial planning, your retirement plan consists mostly of hiring bodyguards and avoiding relatives you haven't seen since the Reagan administration.
Some people collect vintage cars, while Jack Whittaker chose to collect local lawsuits and complicated life lessons for the cost of a single lottery ticket.