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Millionaire banker giving away his home, car and boat for £20

Tim Stewart
11.06.09

A newly divorced City banker is "giving away" his millionaire lifestyle complete with his home, car and boat in a competition that anyone can enter for £20.

Andrew Paul's five-bedroom home in an acre of Kent countryside has been valued at £1.1million and has a designer kitchen, cinema and games rooms.

His new Aston Martin DBS - James Bond's car of choice - is worth £160,000 and his Sealine 35 Sport motor boat £200,000.

The winner of the competition - which is running at www.winanewlife.com - can choose to take £1million in cash as an alternative to the prizes.

City equities trader Mr Paul, 38, claims he wants to give up the trappings of his millionaire lifestyle to "make a fresh start" after splitting from his wife of five years.

The father-of-one said his former marital home in Ightham near Sevenoaks now holds "too many painful memories" for him.

He added: "I need a clean break and the house is now too big for me anyway. I only use one or two rooms. I will just rent somewhere else instead.

"My wealth is self-made. I have worked hard my entire career and have been trading equities for the past 15 years. But now I want to slow the pace of my life a little.

"I have a four-year-old son and he and my recent divorce have changed my priorities. I like the idea of giving someone else the opportunity to live life to the full the way I have been doing.

"With the prizes on offer, the world really would be the winner's oyster.

"They are wonderful prizes that many people would want and the entry price is only the cost of a few drinks at the pub.

"I can't wait to see what a difference it will make to the winner. That's all the satisfaction I need."

Mr Paul's website offers entrants the chance to "beat the credit crunch blues" and "win a new life".

The blurb says: "Have you ever dreamt of owning a stunning detached house in its own grounds? How about an Aston Martin to park in the drive and a luxury Sealine 35 Sport for those jaunts along the coast?

"Give yourself the chance of a lifetime by entering our fabulous competition."

Entrants pay £20 per entry ticket and guess the location of the ball in a golfing picture. If he achieves maximum sales of 200,000, Mr Paul will rake in up to £4million, making a very healthy profit at a time when it might otherwise have been hard to sell his house.

The first prize includes £85,000 to meet legal fees and insurance costs for the car and boat in the first year.

There will be a lower cash prize if fewer than 150,000 tickets are sold.

The competition, which Mr Paul devised after taking legal advice, runs until 19 August.

Reader views (68)

 Add your view

how do i take part i this competition.i would do anything to help my parents out of the situation we are in and live a normal life.

- Avneil, west sacramento,carlifornia

the aston martin has my number plates on it already,the house is just great and the boat well...there's a first time for everything.

- John Mphuthi, Mondoer South Africa

like my lil sis at the top i too grew up in this house & have so many special memories so im going to take my guess as if i were tiger woods ....

- Kerry P,, kiama,australia

I used to live in this house ! All my childhood memories are here, how do i win it back ?

- I ?, tonbridge,kent

Yes, you are all right.
It's a game and a lottery in a way and the chance to win the house is small.
You know that and will lose 20 bucks.

- Guillaume, France, Biarritz

nice one andy.

- Lord Ajs, hastings

what happens if 100 people guess the correct location of the ball?

- Bat Butcher, hertfordshire

A smart chap. In the future we may see more of these sort of lotteries ran by individuals, where everybody has an interest to participate.

odds are at 400,000:1

When placing the ball, you've got one chance over 400,000 to pick-up the right position but odds are still better than traditional lottery for sure and deserve a try, for only 20 quids it worth it.

- Eric, Cambridge

how about including andrew? he looks like a good catch!! I meant his way of gaining global publicity ...he is quite charming.. with the stylish white hair..

- Stylista, hongkong

Well if the last comment is true?

"It is outrageous that Andrew Paul has also been allowed to vary the prize if he racks in "only" £3m."

I believe that’s called hedging ones bets?
Which just about says it all!

So if he only makes fewer than 3 million what’s the variation to the prize, a whoopee cushion, and get to wave him off into the sunset?

Under the current situation perhaps as stated earlier, in regard to not being able to sell his house, I wonder why? (Asking to much) the same applies to the car (asking to much) this is a far easier way to get rid of the house and the car, and make a profit all in one go.

What I want to know is what happens if sale of tickets don’t even make it to the one million mark, is he going to give it back?

If all else fails he can try Ebay!

Good luck to whoever coughs up £20.00 a pop in the hope of seeing a result from it!

- Peter, Hampshire

im not going to pass up this change! how do u buy a ticket?

- Stef, sevenoaks

good luck to all who enter you have to be in it to win it then sort it out later if it becomes too much donate it to charity after all it owes you £20 no more no less!!

- Janis, cumbria

Is there really a quick way to make a fast buck? I dont think so!!!
We are renovating a Restaurant at the moment and its takeing every spare penny we have and all our courage to keep going! I would like to belive in the money fairy but i will stick to hard work and faith then maybe the good luck fairy will look down on me!!!

- Pauline, Isle of Man

good on him...I am off to buy a ticket!

- Martin, brisbane australia

You all have a choice..........end it here for God's sake!

- Paulio, Surbiton, England

Ah Clint I'm with you my friend, all the moaners should spend a little more time in the real world. If you have the chance to turn a buck go for it, at full gallop. The whinging whiners should remember that all dreams can be achieved if one has the courage to chase them. (but a short cut never hurt). The green eyed monster will always rise to spoil a good thing.

- Barry Wilson, Pennington South Africa

Hey Mickeyinlondon, it is probably beyond your imagination but if you won the prize you could sell very quickly for 25% of market value giving you a massive return on your 20 quid but all you see are the bills and the problems. No wonder you are so negative. "Get a new life"

- Barry Wilson, Pennington South Africa

whoever enter this competition, good luck to them.
I can not even spare that kind of money right now.. to me this is kinda typical form "money makes money
..(shrugs)

- Kc, hackney

People like this never "give" anything away.

- Pieter, Perth, Australia

no different than the Camelot Lottery spiv trick,..pay money for mothing

- A. Brown, London UK

How do you get his website. I want to get in on it. Better odds than the lottery

- Ruck, Myrtle Beach USA

It does make me laugh when I see the jealousy in this thread. It's symptomatic of this country and how nobody is allowed to be "better" than the next person.

On the subject of the competition, without actually giving something away for free to every entrant, I can't see how this scheme is legal under the gambling laws.

There have been other similar schemes where each entrant has been given a free MP3 player or hotel voucher to make the competition legal.

- Simon, London

id love to owen me own home ,bringing up 5 children on me own is hard work, it would be a dreem come true, just the thought that counts moneys not evreythink but its nice to have .good look

- Ronald Wylde, cambridge

Try the Ponzi scheme mate I reckon you Bankers are far better at that one!

- Lewis, Herts

Quote: Tim, London.
£1m prize @ £20 = 50,000x
odds of winning 200,000:1
he's a trader - he knows odds.

-
You put it better than me Tim; short and sweet; but to the point…Smile.

They say a mug is born every minute; look at the queues for the lottery every week?

My Father did the football pools all his life; sure in the knowledge that one day his number would finally come up; and it would have come up one day by the law of averages etc; but he was poor on percentages; he really needed to live for half a million years to get his winnings; of course he failed to live longer than 70 years so he lost in the end; but the Pools Companies thrived; much like the lottery does today.

Without the dreamers and hopers; gambling would have died long ago.

A bird in the hand is better than two in the bush…Mick

- Mickyinlondon, london

Tim, London. You do not ned to be trader to know that, he is a chancer.

- Geri, London

Spike Milligan quote - "Money can't buy you happiness but it does bring you a more pleasant form of misery."

Trading Standards' quote - "If it sounds too good to be true it most probably is".

- Sonia M., St Albans, Herts

To Clint "I can't believe I am reading some of the hateful messages here. Give the guy a break, he is getting rid of his house, boat and car and cashing in on it through a raffle"

Clint, if you had any insight, you would realise that most people would not begrudge this trader his success. What people do not like, however, is hypocrisy. This trader has setup his own company to run a series of raffles and is in this for the money. Why then give the impression that all he wants is a "clean break" and "I can't wait to see what a difference it will make to the winner. That's all the satisfaction I need."

Don't be naive Eastwood.

- Crispin, London, Uk

If people want to enter for £20 then that's their choice. If he wants to sell his property at a profit then that's his choice. But don't headline the article with the words "Millionaire banker giving away his home, car and boat for £20" because he's not really giving it away since he stands to make a huge profit.

- Lewis, London

I can't believe I am reading some of the hateful messages here. Give the guy a break, he is getting rid of his house, boat and car and cashing in on it through a raffle. So what if he comes out with a profit, that's logical isn't it? Would any of you give away this for free?

The winner would also be happy, all this could be won for £20 - it's a bargain and most certainly a life changer.

You bitter people are the sorts of people who moan moan moan at everything. Gosh it must be a hard life being so angry, jealous and bitter at people who are better off than you. My advice? Diddums!

- Clint, London

£1m prize @ £20 = 50,000x
odds of winning 200,000:1
he's a trader - he knows odds.

- Tim, London

I'm not jealous at all, it's just that he is NOT giving anything his home, car and boat. Just checked out the website and this what it's about:

WHAT IS WINANEWLIFE.COM?
WINANEWLIFE.COM is the first of many fabulous competitions from JTRL Limited that will give anybody the chance to win a whole host of prizes from watches to cars and boats to luxury homes. JTRL Limited is a UK-based company registered in England and Wales (Reg No 06750542) that is owned by a professional, successful businessman supported by a team of legal professionals to ensure that every competition is run fairly and within the remit of the law. Every competition will be judged by an independent adjudicator in the presence of a lawyer and independent observers. At the end of each competition JTRL will offer a sum of money to the charity of the prize winner’s choice. The JTRL Limited mission statement is to endeavour to provide fairly-run on-line competitions that offer individuals the chance to win high-quality prizes with cash alternatives.

- Goggs, London

i think he should give some of his profits from this to charity, at least if you buy a national lottery ticket it goes to worthy causes and doesn't fill some bankers pockets

- Charles, London

To Sarah from Chiswick. Selfish, soul-less, arrogant and bitter people like you are what drags our society down. Fortunately, there are enough of us who do believe in giving to charity and thus leaving a little legacy.

- Nicholas, London, UK

Chances to win are as in Lotto - it is all about luck..
With one difference lottery ticket costs much less
He will be the winner but not thanks to me.
Good idea though.

- Kamil, Colnbrook

I just won his life; then I got the next lot of bills I had not thought about; max council tax, car insurance, utility bills, house and ground maintenance; then I will need to get a job in banking fast; once the £85.000 cash addition for the car and boat and legal fee’s run out a year later etc.

Still I am better off than all those other punters that lost their £20 ticket money; I can re-offer the life style change again for £20 to other punters, if I fail to get a high paid job to keep my life-style alive.

It’s a bit like pyramid selling; fine for the guy at the top; and hard on the masses below?

There is much to be said for living within your means; and not falling for the illusion that more is better etc; you can only sleep I one bed at a time, and eat one meal mat a time; the rest is a fool’s paradise.

No I am not jealous; just wise and sensible; who needs more than they can really handle?

- Mickyinlondon, london

So he's not really giving it away at all. He's looking to make money via a lottery as he can't sell it in the current market. Smartish idea and better odds than the lottery but don't make out he's some kind of charitable gentleman. Plenty of people are trying to do this at the moment as the housing market crashes.

- Bruce, London

Calm down Sarah, Chiswick, London

Few rotten eggs but some people are not takers but givers. It is obvious which Andrew Paul is, just reading the T&Q's house worth pre fall over mill now half that.

Value now of prize 650k he hopes to pocket 4 mill. 85k legal fees Thats a lot of legal yatter

- Ge, Kernow

He is NOT giving up his millionaire lifestyle, it is just another form of selling in competition form but if he rakes in 4 million i don't see that as "giving" now tell me, do you? just one lucky person IS likely to get the house, but he will be the winner out of this!!!!

- Anylah, uk

Its not free its a web site designed to make money. You have to buy tickets to enter and there is no guarantees you will get any of the przes

- Jenny Foss, UK London

He is not giving it away if he sells loads of tickets is he as he will be in profit!

- Tracy, London

So what if he stands to make some money? Just think of how your life could change if you won what's on offer. Better odds than the Lottery and I for one will have a go...!

- J, Kent, Uk, sevenoaks, kent

Give it to charity? Pffft, why? Charities in the UK seem to conveniently lose MILLIONS of pounds pretty regularly, I'd rather make this banker richer than have money magically go missing. Plus the odds are much better than lotto. So what if you making him richer he came up with this master plan - great idea I say..

- Sarah, Chiswick, London

Charlie - Why should he give the money to charity? He earned it. Good luck to him!

- Paul, Chatham, UK

Good luck to the guy... and good luck to me.

- Paul, Maidstone

Frank,
Your the only one that didn't get it, everyone else had no problem spotting this fake. Buy the ticket then, and support this slimmy persons ambitions.

- Mike, London

It is a shame that jealousy can mar ones judgement. So what if he is making money it is what the world is all about because we cannot live without it. If the lucky winner gets a new lifestyle and can cope with it good luck to him and if Andrew Paul makes a bit more money good luck to him too. If all you critics were honest you would do the same if you had the chance. This is a great way to move property in a slump market and give somebody a chance to own a terrific home mortgage free. So all you negatives out there catch a wake-up and smell the coffee.

- Barry Wilson, Pennington South Africa

i am all for him wanting to lead a simpler life but i think he should give the money to charity...

- Charlie Monson, london...

Yes he had a great life style, yes he cant sell his house, yes he could make a lot of money - again.
Looking at these sour grapes posts, it makes a lot of people envious.

- Dave Davies, Basingstoke

Nat Lott is one in 14 mill I think of winning a jackpot

- Gritty, London

Good Effort!!!

- City Banker, London United Kingdom

i cant see what all the fuss is about - whether it be
philantropy or not, the competition to win a house/car/boat
would change the winner's life. If this was run by anyone else
but a city trader, would the comments still be the same?

- Will, london

This will be an interesting test of how many mugs there are about, with £20 to waste. Hopefully the Gaming Commission will put a halt to it anyway.

- Paxton Pat, London

i cant see what all the fuss is about - whether it be philantropy or not, the competition to win a house/car/boat would change the winner's life. If this was run by anyone else but a city trader, would the comments still be the same?

- Will, london

The point is that he's not 'giving away' anything. I was waiting to read the bit about him donating the proceeds to charity and taking a job doing something useful for society.

Anyway, I won't be playing his game. Flash car, expensive (but ugly house) and speedboat...that lifestyle isn't for me.

- Goggs, London

To Frank "Why do people adversely comment on an opportunity like this,jealousy?"

No doubt Frank will sucker in and buy a pack of 5. Good for you Frank, dream the dream.

- Crispin, Cambridge

Please don't be fooled!!! I have just visited this creep's website. Apparently, this is just the first of many raffles planned. He clearly sees this as an ongoing golden opportunity to make loads of money and to significantly enhance his lifestyle.

His statement of "I can't wait to see what a difference it will make to the winner. That's all the satisfaction I need" is just a load of old nonsense. He wants to appear as some sort of benefactor when he is a complete opportunist. I say, close his site down, or at the very least, get this article removed so as not to generate free publicity for this liar!

- Rm, London, UK

If you spend 20 pounds on the National Lottery, you'd have one chance in 700,000 of winning, what is it these days, 5-7 million.

Spend 20 pounds here, one chance in 200,000 of winning ... 2 million.

So, slightly better odds, but you win less. One thing that's clear, philanthropy has no part here!

- Marianne, SW France/London

Its not really a scam is it. Its just a scheme. If I had a million quid house/cash to raffle off for a profit I would do it too. I dont see the problem. Some lucky person gets a massive,(if slightly ugly) house and other stuff for 20quid and this guy gets 4million to buy another DB9 and a penthouse. Its win win all round really.

- Alanj, London

Why do people adversely comment on an opportunity like this,jealousy? I think that it's a superb idea and if he "makes" money on it good luck to him.

- Frank, BONCATH, WALES

Andrew says :""I can't wait to see what a difference it will make to the winner. That's all the satisfaction I need." Nonsense.

Don't fall for this nonsense. Andrew is in this for the money and money only and all he is selling is 'hope'. All you are doing if you buy into this scheme is make hima lot richer.

No wonder his wife left him.

- Nicholas Smith, London, UK

This man is not interested in selling his millionaire liferstyle in order to pursue a quiter simpler life. He stands to make £ millions of profit selling his second hand lifestle at a time when he would find it very difficult to sell this items in the conventional way. Typical city trader, full of sh*t and greedy to the end. Isn't it amazing that this creep spent £160,000 on a car and only £1.1 million on his incredibly modest house? No wonder his wife left him! His image is obviously far more important to him than providing a decent home for his wife and children.

- Rm, London, UK

Bloody con artist. He knows what he's doing. He can't sell his house, regrets getting his flash car and boat, money has dried up for greedy salesmen in the city...Oh I know what I'll do make 4 million by luring people to throw money at this. Old habits die hard. Don't fall for it!

- Jk, London, UK

He must have had a hard life to have all that grey hair at only 38. George Clooney eat your heart out.

Look you don't need to pay money to enter and the odds are far better than the National Lottery which is priced to be a tax on the poor.

It's enterprising at least

- Gritty, London

Another day. Another glorified scam.

AND PEEPS WILL FALL FOR THIS CON TRICK AND PART WITH THEIR CASH AS THOUGH THERE IS NO TOMORROW.

A BANKER. THAT SAYS IT ALL.

- Reuben Camara, Morecambe UK

How disgusting. A millionaire banker vastly overpaid throughout his brief working life now looking to retire by offloading £1 million of assets and banking a £3 million profit. And who will buy these tickets? Ordinary working people for who these privileged bankers feel nothing but contempt. I can see him laughing all the way to his private bank.

- Louise, Orpington, UK

City Banker eh, sorry words fail me.

- Colin, Bristol

Ridiculous.

It is merely a "betting" competition and this guy is planning to double his money! You have a 0.0005% of winning the main prize.
It is outrageous that Andrew Paul has also been allowed to vary the prize if he racks in "only" £3m.

What a greedy low-life using his child and the recession to enrich himself and rip off those less numerically inclined.

- Jack C, Reading


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