1/11 Losing It Out To Being Too Kind
Philanthropy is usually a virtue, but not in this case! When the 52 year old wig-shop owner from St. Louis, Janite Lee won 18 million dollars in 1993, she initially spent it all on the usual stuff. Later though, she went on a philanthropic binge that went unchecked, still she had lost everything and had to file for bankruptcy. The South Korean immigrant took her donations to educational programs, community services and political organizations a tad bit too far. Her expensive philanthropy, coupled with her habit of gambling, made sure that she eroded her wealth in a matter of years. After all, it was hardly inexhaustible, though it was a whopping 18 million!