If the Dalai Lama won the Mega Millions lottery

Posted by    |    March 30th, 2012 at 6:45 am

Tibet exiled spiritual leader the Dalai Lama delivers a speech during a conference at the Coliseo Theater, next to translator Gerardo Abboud, in Buenos Aires September 13, 2011 (Credit: Reuters/Martin Acosta)Today’s Mega Millions jackpot has reached a record $540 million.  If the lucky winner chooses the cash option, he or she would receive a lump sum of $389 million before taxes.  The annuity option would pay out more than $20.7 million for 26 years before taxes.  How would that much money change your life?

Not necessarily in ways you might think.  Consider Jack Whitaker, who won $315 million in 2002.  The West Virginia businessman was robbed of $545,000 at a strip club; his granddaughter and daughter were later found dead; and he was sued by an Atlantic City casino for bouncing checks worth $1.5 million to cover gambling losses.