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Beast Games Winner on $10 Million Win and Taxes?!

April 02, 202500:44
00:00:00
just a wire for the entire $10 million
00:00:02
went to my bank account and they really
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didn't tell me like they didn't call me
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and say, "Hey, is it in there?" They
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just said, "Hey, this is going to come
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sometime in the next couple days." And I
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looked down and it was there and I'm
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like, "Oh my gosh." How much do you lose
00:00:12
with tax? Is it a real issue? Yeah. I
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don't know how it is in New Zealand, but
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in the States, you contribute to
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charity. There's other kind of tax
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exempt or tax deductible investments you
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can make. But if I didn't do anything, I
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would pay over 50% in tax. Wow. I mean,
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it's still not bad. No, I mean, I'm not
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complaining. The good news is the
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purpose for me joining Beast Games was
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to try to help kind of fund and find a
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cure for my son's rare disease. A good
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chunk is going to go to kind of funding
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research through charitable form. So,
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um, my taxes will not be 50%, but I
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don't know what they'll be until early
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next year.

Podspun Insights

In this episode, listeners are taken on a rollercoaster ride through the unexpected realities of sudden wealth. The narrative unfolds as a participant recounts the jaw-dropping moment when a $10 million wire transfer hits their bank account, leaving them in a state of disbelief. The conversation dives into the complexities of taxation, charity, and the emotional weight of using newfound resources for a noble cause—funding research for a rare disease affecting their son. This episode is not just about money; it's about the heart behind the numbers and the impact of generosity in the face of personal challenges.

Badges

This episode stands out for the following:

  • 95
    Most heartwarming
  • 92
    Most shocking
  • 92
    Biggest twist
  • 90
    Most emotional

Episode Highlights

  • Funding a Cure
    Joining Beast Games to help fund research for his son's rare disease.
    “The purpose for me joining Beast Games was to try to help kind of fund and find a cure for my son's rare disease.”
    @ 00m 27s
    April 02, 2025

Episode Quotes

Key Moments

  • Tax Concerns00:12
  • Charitable Contributions00:16
  • Personal Motivation00:27