Frequently Asked Questions...
How likely is it for a game show winner to blow their money and go bankrupt?
I have a friend who recently won a large sum of money by becoming a champion on "Wheel of Fortune." He won over $60,000, which is well above what he makes in an entire year. However, this is a guy who is well known for his extravagent spending. I'm thinking this money won't last very long. That made me wonder if this sort of thing happens to many game show contestants who walk away with lots of money. Any thoughts?
Answer:
Actually, yeah, that's not too uncommon. Let's see some famous cases:
Micheal Larson won $110,000 on Press Your Luck, but he blew it all on a pyramid scheme.
Kathy Cox won $1,000,000 on Are You Smarter than a 5th grader?, but declared bankruptcy a month after her episode aired.
Charles Van Doren won $129,000 (in 1958 dollars, no less) on Twenty-One, but wound up losing his job as a professor, fired from a major position at NBC, and even today his name still lives in infamy.
Teddy Nadler won $252,000 on The $64,000 Question/Challenge, but wound up losing it all in bad investments.
Freaky, huh?
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Game Show
Stupid Game Show Answers - Dumb Luck
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