Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Rich Get Richer: CT Wealth Managers Win $254 Million Powerball
By
Jen Chung
Published Nov 28, 2011
Modified Nov 28, 2011
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Nov 28, 2011
Modified Nov 28, 2011
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
The 12th biggest Powerball lottery was November 2nd's $254 million jackpot, and the winning number came up in Connecticut. Today, the winners stepped forward and it turns out they are Greenwich-based wealth managers who formed a trust to protect their winnings. According to the Hartford Courant, "At a press conference at lottery headquarters, an attorney for the trust said one of the men, Tim Davidson, has purchased a single $1 ticket at a Stamford gas station. Jason Kurland, the attorney, declined to discuss the relationship among the men, other than to say they all work at Belpointe LLC, which described itself on its website as offering wealth management, real estate and legal services."
Davidson, Brandon Lacoff and Greg Skidmore are taking the cash payout of $104 million after taxes. They claim a "significant portion" will go to charity. The Greenwich Time reports, "Belpointe LLC...has been an anchor sponsor of the Greenwich Wiffle Ball Tournament, a town-wide competition created after a group of teens were evicted from a field they built on a vacant municipal property in Riverside in 2008." Still, this doesn't feel as good as the story about the NY State workers who won the $319 million lottery earlier this year.
The gas station that sold the ticket will get $100,000.
Tagged
connecticut
game of chance
greenwich
lottery
powerball
wealth manager
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Queens mother charged with murder in death of 5-year-old daughter, NYPD says
Francis Cabello, 32, was arrested and charged on Thursday.
By
Ryan Kost
Published Oct 16, 2026 at 11:57 a.m. ET
NYC’s whiplash weather continues into weekend with heavy winds, chilly temps, NWS says
Friday expect scattered showers and thunder, cooler temperatures Saturday, and a sunny Sunday.
By
Monica Melton
News
NYC’s whiplash weather continues into weekend with heavy winds, chilly temps, NWS says
Friday expect scattered showers and thunder, cooler temperatures Saturday, and a sunny Sunday.
By
Monica Melton
Early Addition: Winning an affordable housing lottery is great unless it's not
By
James Ramsay
Mamdani and 100+ NY officials urge parking lot owners to ban ICE
By
Arya Sundaram
NYC ambulance response times have grown 41% as life-threatening calls rise
By
Ben Feuerherd
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .