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Inside LA’s wildest billionaire downfall
Imagine living in a $250 million Bel Air mansion, dining at the city’s finest restaurants, and making your housekeeper a millionaire—only to end up broke and $150 million in debt. That’s the real-life story of Gary Winnick, once LA’s richest man, who spent a fortune restoring his historic estate and living large, but lost it all after risky business moves and a massive loan. Now, his widow is fighting to keep their home. Does this change how you see extreme wealth or the LA luxury lifestyle? What would you do differently? #RealEstate #LosAngeles #BillionaireLife
27 days ago
Colleen Moore
Can not feel sorry for him at all…I will never understand how a person with so much and able to make more can get himself where he is unless it was someone that was watching over his money that stoled from him and mislead him or if he just want to far spending…none the less he should of been watching over his finances and anyone involved with his money…but the sad part is the millions he owes out they most likely will not see much of it if any…legal cost alone are a killer… this could be interesting to see the out come .
25d
The Villages, FL
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Tim Walters
Most Americans don’t really know how to handle money!! I’m one of them sorry to say! Have never handled credit cards wisely or credit in general. This should be taught in grade school as a required course, but of course it isn’t. Credit card debit is in the billions, I wonder why?!?!?!
21d
East Troy, WI
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Hija
There are quite a few of these stories in that Tinsel town
21d
Creve Coeur, MO
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Joe Williams
Yup , can’t feel bad for the guy. He got bigger than life and probably really high and lost it all. I m living that scenario right now in live time. Maybe a few less zeros in my account but damn; you got to wake up and smell the coffee that’s being made for you one day. (I make my own these days)Don’t feel bad for him ; he can sell some of his cars and be just fine. Me I’m selling my house and getting a class B camper van and hitting the road. Too much more to see besides the bottom of a bottle or a burned up empty spoon.🙏🏼👍🏼🥰
20d
Tubac, AZ
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Derek Statham
Forget all the glitter get a nice regular house no entourage live off. The interest never touched the principal. Don’t need to show bow with all a bunch of different cars. Jewelry don’t need to impress anybody.
20d
Santa Monica, CA
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Leroy Bejster
no thanks. I'll stick with McDonald's.
20d
Greenville, SC
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Michael Crowe
poor baby...
20d
St. Augustine, FL
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