Reality-show winners survive financial perils
By Ellen
Goodstein Bankrate.com
Zora
Andrich, the girl Marriott selected as his bride-to-be, took a trip
with her mother to Serbia, where she has relatives. She came bearing
gifts and gave some of her $500,000 prize money to help her family,
especially an aunt who has suffered from cancer.
After buying a new wardrobe, Andrich lost 20 pounds
on NutriSystem.
"My new clothes don't exactly fit anymore, but
I loved NutriSystem so much I became a spokesperson for the company,"
she said.
Diamond's in the bank
Helene Eksterowicz's romance with "The Bachelor" No. 2,
Aaron Buerge of Missouri, didn't last long. But she got a $34,000
Harry Winston diamond engagement ring, now resting comfortably in
a safe-deposit box in New Jersey.
"Some reality-show winners got big money. I just
got a boyfriend who later dumped me," said the participant
of the ABC show.
"He said the ring was a gift, but later he said
I couldn't sell it. It's silly to keep the ring in a safe-deposit
box. I don't plan to wear it. I'm not engaged anymore so I will
eventually sell it," she said.
Big Brother's crew spreading the wealth
Jun Song is the most recent winner of the "Big Brother"
shows. She put some of her $500,000 winnings from "BB4"
into a new Manhattan apartment.
"I've been a renter all my life. I'm definitely
doing something smart with my money. With what's left over, I'm
building a little nest egg for myself."
But, she's also having some fun. "I'm a shoe
addict and I treated myself to a few new purchases."
"Big Brother 3" winner, Lisa Donahue, a
former California bartender, bought herself a big black Mercedes
SUV with part of her $500,000 winnings.
"Big Brother 2" winner Will Kirby, a doctor
from Miami Beach, moved to Los Angeles and invested in Dolce, a
hip new restaurant in West Hollywood. Other investors include fellow
"BB2" contestant Mike Boogie, actor Ashton Kutcher and
fellow stars of "That 70s Show," Adam Rodriguez from the
top-rated "CSI Miami" and Dule Hill from "The West
Wing."
"Restaurants fail everyday but this one is incredibly
lucrative and a lot of fun," said Dr. Kirby who has also invested
in Geisha House, a Japanese restaurant scheduled to open later this
year in Hollywood.
"The problem with winning is that for a brief
time you think you're somebody important, but you're not. I didn't
do anything frivolous with my money. I invested in a two-bedroom,
two-bath condo. Property values have gone up so it was a very smart
investment," said Kirby, also a medical correspondent for "Extra!"
'Survivor' stars investing, traveling and sharing
Sandra Diaz-Twine, the 29-year-old winner of "Survivor: Pearl
Islands" has to put her dreams of owning a new home on hold
because husband Marcus had re-enlisted in the Army just before Sandra's
$1 million windfall. But traveling is definitely in this former
Army chemical specialist's future.
"I want to go on a cruise to anywhere in the
Caribbean," she told InTouch magazine. Germany is another place
she'd like to visit since her husband is half German.
There's no need to buy a new car because Sandra picked
up a brand new GMC Envoy as part of her "Survivor" winnings.
"I didn't think I'd get the money," Sandra said just after
her win. "I never thought about the million dollars. I thought
it was unattainable."
Where the money goes
Besides investing in Reality Central, "Survivor: Africa"
winner Ethan Zohn found philanthropic uses for some of his $1 million
prize money. Zohn, who was a coach at Farleigh Dickinson's Teaneck,
N.J., campus, started Grassroots Soccer, an organization that helps
African soccer pros teach kids about the dangers of HIV/AIDS.
"Survivor: Thailand" winner Brian Heidik
bought a new Dodge Viper and diamond earrings for his wife. He stashed
some of his $1 million in bonds, mutual funds and in a college fund
for his son.
"Survivor: Pulau Tiga" winner Richard Hatch,
a corporate trainer from Rhode Island, used some of his $1 million
prize to completely remodel the home he shares with his son Christopher.
Matt Kennedy Gould, the "Joe Schmo" winner,
over at Spike TV, took his $100,000 winnings and set up a "diversified
financial portfolio." He also splurged on a digital camera,
camcorder and an iPod.
Karyn Jefferson, a Bloomfield, N.J., lawyer, said
her experience in "Amazing Race 2" in 2001 gave her the
courage to start her own law firm. Though her prize money was small
-- she says she's not at liberty to say how much -- Jefferson used
the money to buy equipment for her new labor and employment law
practice.
"Having done the race, I walked away thinking
anything is possible. I can do anything if I put my mind to it,"
said Jefferson, who along with then-boyfriend Lenny Hudson made
it halfway around the world before being eliminated.
"The 'Race' changed my life. It made me realize
I didn't want to spend my time working for someone else."
Ellen Goodstein is a freelance writer
based in Florida.
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