Click for Ann Arbor, Michigan Forecast
Saturday April 22, 2017
Follow us: facebook twitter RSS feed

Easy come, easy go

Kevin Olmstead, post-Millionaire

by Jan Schlain

From the November, 2008 issue

Seven years ago, Ann Arbor environmental engineer Kevin Olmstead won $2.18 million on Who Wants to Be a Millionaire. During the three weeks between the time the show was taped and the time it aired, Olmstead prepared, like an engineer, for the storm: by the time ABC called him back to New York to talk to Diane Sawyer on Good Morning America and receive the check on the air on Regis and Kathie Lee, he had already delisted his phone number and opened a VIP account at National City Bank.

What he didn't anticipate was sharing Regis and Kathie Lee's green room with a fellow Ann Arborite-Jean Jennings of Automobile magazine. Jennings grabbed the chance, and when they got back to Ann Arbor, she took the new millionaire shopping for a minivan. "We looked at the Odyssey at Howard Cooper Honda and the Town & Country at Naylor," Olmstead remembers-though "she of course was hoping I'd buy a Porsche." Instead, he "put aside enough to pay taxes" and "bought a Town & Country minivan for thirty-three thousand dollars and a luxury condo in northeast Ann Arbor." He gave $10,000 each to his mom, sister, nephews, and niece and endowments to three of the four universities where he earned degrees and taught (he didn't give anything to MIT since it did not accept him into its Ph.D. program; he did to Michigan, because it did). And he joined Toastmasters International to practice his public speaking.

So how is he feeling now, with investments melting down right and left? Olmstead-still single, still working part time at Tetra Tech, still driving his seven-year-old minivan-seems unperturbed. "It's down to a couple hundred thousand," he says of his winnings-but even before the market plummeted, "it was never enough to retire on." Still, he's trying to pick up more hours at work-and, he adds, "I am available for speaking gigs."    (end of article)

[Originally published in November, 2008.]

 



 
Bookmark and Share
Print Comment E-mail

You might also like:

Map of Restaurants with price $6 To $12 Map of Restaurants with price $6 To $12
Calendar This Week - Films Calendar This Week - Films
Unplanned Duet - Where's that horn at Hill? Unplanned Duet - Where's that horn at Hill?
Chelsea Family And Parenting Chelsea Family And Parenting
A Man at the Women's March - An outsider  finds... A Man at the Women's March - An outsider finds...
Ann Arbor Colleges and Universities Ann Arbor Colleges and Universities
MAKE AMERICA GREAT AGAIN, by Tim Athan MAKE AMERICA GREAT AGAIN, by Tim Athan
Crime Map Crime Map
Photo: Otto and daffodils Photo: Otto and daffodils
Private Walk? - Question Corner: February 2017 Private Walk? - Question Corner: February 2017
Regent Hotel
custom blinds and window treatments, flooring, and furniture
top of the lamp. All your in home lighting needs.
LGPA
A visitor's guide to Ann Arbor