Abraham Shakespeare: Net Worth And Untold Story

Abraham Shakespeare was a construction worker who won a 30 million dollar lottery jackpot in 2006. Unfortunately, he was murdered in 2009 after being swindled out of his money by Dorice Moore.

What Was Abraham Shakespeare's Net Worth Before Winning the Lottery?

Before hitting the jackpot, Abraham Shakespeare lived a modest life. Working as a construction laborer, his net worth was quite low, reflecting his everyday earnings and lifestyle.

Abraham Shakespeare's Net Worth After Winning the Lottery

After winning the lottery, Abraham Shakespeare's net worth increased substantially. Although the lottery was worth 30 million dollars, he decided to take a lump sum payment of 17 million dollars, before taxes. After taxes, Shakespeare received approximately 12 million dollars.

How Did He Spend His Lottery Winnings?

Shakespeare's life took a dramatic turn. Initially, he was generous, sharing his wealth with friends and family. However, he lacked experience in managing such a large sum of money, making him vulnerable to exploitation.

The Downfall

Dorice "Dee Dee" Moore befriended Shakespeare and convinced him to establish a company, Abraham Shakespeare LLC, with her as the manager. Moore then systematically began siphoning off Shakespeare's assets for her personal gain. She purchased luxury cars, real estate, and extravagant items, all while claiming to manage his finances responsibly.

The Tragic End

In 2009, Abraham Shakespeare disappeared. His body was found buried under a concrete slab in the backyard of a house Moore had purchased. Moore was later found guilty of first-degree murder and sentenced to life in prison.

Lessons Learned

The story of Abraham Shakespeare serves as a cautionary tale. It highlights the importance of financial literacy and the need for trustworthy advisors when dealing with large sums of money. It also underscores the dangers of sudden wealth and the importance of maintaining a strong support system.

• Seek Professional Advice: Consult financial experts for guidance.
• Protect Your Assets: Establish legal safeguards to prevent fraud and exploitation.
• Stay Grounded: Maintain relationships with trusted friends and family.
• Plan Carefully: Develop a comprehensive financial plan that aligns with your long-term goals.

Conclusion

Abraham Shakespeare's story is a tragic reminder of how sudden wealth, coupled with poor financial management and unscrupulous individuals, can lead to devastating outcomes. His life, marked by both fortune and misfortune, continues to serve as a lesson for lottery winners and anyone experiencing a significant windfall.