What any of us would do to just wake up one day and be accidental millionaires. It’s what hapened to a 30 year old man named Eric Martin.
Martin, who works for a custom bath installation company, received 100,000 Jet shares in 2015 when he won a contest to see who could get the most people to sign up for memberships to the online shopping site. He spent about $18,000 in online ads.
With Jet.com Inc. being sold to Wal-Mart Stores Inc. in a $3.3 billion deal, Martin just became a millionaire with his shares.
“It feels good; it feels really good,” Martin said. “The way I think to describe it is ‘occasional hysterical laughing.”’
Though he has no idea what his stake is worth, Fusion reported last year that his shares may be valued from $10 million to $20 million.
Instead of just recklessly spending it all, Martin is thinking about his own startup, Ideadash.com , an online portal that lets people post their ideas for inventions or businesses and get others to execute on them while retaining a stake in the project.
“I’m weighing my options,” he said. “I’ve got to take time to process all this.”
Disclaimer: We have no position in Wal-Mart Stores Inc. (NYSE: WMT) and have not been compensated for this article.