Net Worth Ranker
What Is Cynthia Stafford’s Net Worth?
As of late 2024, Cynthia Stafford, an American businesswoman, has an estimated net worth of $500,000. This figure reflects a significant shift from her financial status following a substantial lottery win in 2007. Stafford’s story is one of initial triumph, followed by financial difficulties that led to a reported bankruptcy filing in 2016.
The $112 Million Jackpot and Its Aftermath
Cynthia Stafford’s claim to fame is winning a $112 million California Mega Millions lottery jackpot in May 2007. The winning ticket was purchased on Mother’s Day. Opting for a pre-tax lump sum payout of approximately $67 million, Stafford chose to share her winnings with her father and brother. Each of them received approximately $22 million after the winnings were equally distributed and taxes were paid. Before her lottery win, Stafford was a single mother raising five children and struggling financially. She has stated that she used visualization techniques, imagining holding a winning lottery check, before her win. After receiving her winnings, Stafford donated $1 million to charity. She also started a production company called Queen Nefertari Productions LLC and invested in several real estate properties.
Queen Nefertari Productions LLC and Career Ventures
Cynthia Stafford founded Queen Nefertari Productions LLC, a production company that, at one point, was involved in packaging and financing 3-4 independent feature films annually. The company released several films, including *Polish Bar* (2010) starring Golden Brooks and Vincent Piazza, and *The Inheritance* (2011). Other films associated with the production company include *The Brass Teapot* (2012) with a production budget of $900,000, which grossed $413,733 worldwide, and *Holla II* (2013) which grossed $41,537. Stafford eventually closed the company due to health issues. She also hosted an online talk show called Hearts of Angels Network with Cynthia Stafford, which focused on highlighting local charities in the Los Angeles area. Later, after facing financial difficulties, Cynthia self-published an e-book titled “Seeing: How to Visualize Your Way to Success,” where she shares her techniques on visualization and the Law of Attraction. The e-book is available for $9.99, and the physical book is available for $16.99.
Reported Bankruptcy and Current Financial Standing
In 2016, Cynthia Stafford reportedly filed for bankruptcy, attributed to “some poor investments”. The details of the bankruptcy case, filed in the United States Bankruptcy Court Central District of California, reveal that Stafford had outstanding debts to creditors, including JPMorgan Chase Bank, Frontier Communications, and Epps & Coulson, LLP. Despite these financial setbacks, Stafford has maintained a presence as an entrepreneur and life coach, offering personal coaching sessions and sharing her experiences with others. While some sources suggest her net worth is around $10 million, more recent reports indicate a net worth of approximately $500,000 as of 2024. This lower figure likely reflects the impact of the bankruptcy and subsequent financial decisions.
Philanthropy and Personal Life
Cynthia Stafford is known for her philanthropic efforts, particularly her focus on empowering people through education, especially children with special needs, and her support for women’s rights. She donated $1 million to charity after receiving her lottery winnings. Stafford is also known for raising her late brother’s children. While details about her personal relationships are relatively private, she remains a public figure, sharing her story and insights on various platforms.
Visualization and the Law of Attraction
Cynthia Stafford is an advocate for the Law of Attraction and visualization techniques. She credits these practices with her lottery win, claiming she visualized holding a check for $112 million. Stafford emphasizes the importance of positive thinking and maintaining a positive energy to manifest desired outcomes. She shares these principles in her book, “Seeing: How to Visualize Your Way to Success.” In her book, Stafford explains the concepts of the Law of Attraction, mindsets, and techniques to manifest what you want in life. She also appeared on Timothy Schultz’s channel twice to discuss the Law of Attraction after winning the lottery.
