When 36-year-old Cosmas Korir was informed that he was the winner of the kes208 million SportPesa mega jackpot winner in 2018, he knew he had to invest his good fortune wisely as this was not a daily occurrence.
In an interview on Nation YouTube channel aptly titled ‘The Gamblers Paradise’, Korir recounted the shock he got when he was informed he had won the jackpot from the then leading betting firm SportPesa.
He was driving to West Pokot when he received a call from a SportPesa official and later the chief executive officer of the betting firm Ronald Karauri confirming that he was indeed the mega jackpot winner.
“The caller on the line announced to me that I was the mega jackpot winner. I stopped my car to digest the information I had been given. Initially, as we placed our bets, we promised each other to share the prize money. I will still do the same to my friends who assisted me in the selection of teams,” said Cosmas Korir.
How Cosmas Korir spent his fortune
His first acquisition was a Toyota Landcruiser with a V8 engine. Korir stated that the car serves him well to date.
Gifting his friends
To keep a pledge he made with his friends while they placed their bets that whoever wins will share part of the fortune, Mr. Korir gave his two friends kes5 million each.
“We were three of us and as usual we sat down and strategized on the teams we should bet our money on. My friends did not have money, so I shared with them Sh200 so that they could bet on five teams each while I decided to bet on seven teams,” he said.
Completing his house in Bomet
He channeled kes2 million to complete his Bomet rural house that had stalled when he ran out of cash and repaid a loan of kes3.5 million he had borrowed to construct the house.
Buying a flat in Eldoret
He bought a flat in Eldoret to settle his family. He has a wife and three children.
Set aside Sh130 million in a fixed deposit account
Korir was bombarded with all manner of investment advice from friends and well-wishers forcing him to lock Sh130 million in a fixed account to weigh his options in a sober manner.
Bought first flat
He bought a flat in Kitengela from a friend at a cost of Sh50 million which he christened KK. According to Cosmas Korir, the flat monthly rental income is Sh570,000 when fully occupied.
He bought a second flat in the same neighborhood at a tune of Sh65 million. The flat has a total of 96 rooms, 25 one-bedroomed houses, and 71 bedsitters.
From this flat, he makes an estimated rental income of Sh820,000 per month when fully occupied.