Cynthia Stafford is an American businesswoman. As of 2024, Cynthia Stafford net worth is $500 thousand.
She is widely recognized for winning a $112 million California Mega Millions lottery jackpot in 2007.
After taking a $67 million pre-tax lump sum, she split the winnings with her father and brother.
Unfortunately, due to a series of poor investments, Cynthia filed for bankruptcy in 2016.
In the wake of her financial difficulties, she self-published an e-book titled “Seeing: How to Visualize Your Way to Success.”
The $112 Million Jackpot
Before her life-changing win in 2007, Cynthia Stafford was raising five children and struggling to make ends meet.
She often lulled herself to sleep by imagining holding a winning lottery check.
On Mother’s Day in 2007, she purchased a $2 lottery ticket, which turned out to be the jackpot winner worth $112 million.
After receiving her approximately $67 million pre-tax lump sum, Cynthia decided to share her fortune with her father and brother.
She then launched a production company, invested in several real estate properties, and donated $1 million to charity.
Cynthia Stafford Production Company
Cynthia founded Queen Nefertari Productions LLC, which packaged and financed 3-4 independent feature films annually.
The company released two award-winning films, Polish Bar and The Inheritance. However, due to health issues, she ultimately had to close the company.
Additionally, Cynthia hosted an online talk show called Hearts of Angels Network with Cynthia Stafford.
This show aimed to spotlight local charities in the Los Angeles area.
Beyond her professional ventures, Cynthia is known for her philanthropy, focusing on empowering people through education, supporting children with special needs, and advocating for women’s rights.
Despite her challenges, she continues to play the lottery every week.
Cynthia Stafford Bankruptcy
In 2016, Cynthia Stafford filed for bankruptcy. A 2016 ABC News article suggested that her financial troubles stemmed from several poor investments.
Despite this setback, Cynthia remains resilient and continues to inspire others through her story and philanthropic efforts.
Additional Information
Cynthia Stafford’s journey is a testament to the unpredictability of life.
From the highs of winning a multi-million dollar lottery to the lows of bankruptcy, her story underscores the importance of financial management and the potential pitfalls of sudden wealth.
Her resilience in the face of adversity and her continued dedication to philanthropy highlight her enduring spirit and commitment to making a positive impact.
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Conclusion
Cynthia Stafford’s story is a compelling narrative of triumph, challenge, and resilience.
Her lottery win brought significant changes to her life, allowing her to pursue new ventures and support charitable causes.
Despite facing financial difficulties later on, Cynthia’s dedication to philanthropy and her ability to bounce back from adversity continue to inspire many.
Her journey serves as a reminder of the importance of prudent financial management and the enduring power of giving back to the community.
