The Rise and Fall of a Porn King
May 13, 2008 – 01:32 pmI found this article and just couldn’t resist sharing… read the first part below and you’ll be intrigue too…
Five years ago Greg Lasrado drove a $500,000 black Lamborghini Diablo, rubbed shoulders with high-powered people such as US president Bill Clinton, lived between multimillion-dollar penthouses and bought racehorses for fun. Today his sole asset is a rusty ute, he lives in his parents’ spare bedroom and spends most weekends helping his mum with the housework.
During the 1990s, Lasrado went from being a university student drop-out to Australia’s No.1 internet porn tycoon, accumulating a $60million fortune along the way. But an extravagant lifestyle and poor business management sent him on a downward spiral to a broken marriage, heroin addiction and, finally, bankruptcy.
Today Lasrado, 38, reveals for the first time his dramatic rise and fall as an international porn baron.
“Up until five years ago, I was living every man’s dream,” he told The Sun-Herald in a Brisbane restaurant last week. “I’d wake up on a day like today, have lunch, buy a car, then head to the airport and be in another country by the close of play.
“I was convinced it would last forever. Now, I’ve lost the lot. If you were to turn me upside down, 10 cents would not fall out of my pocket.”
3 Responses to “The Rise and Fall of a Porn King”
Wow..
Thanks for the story steven. A reminder to always stay firm on our feet no matter how successful we are. I am humbled by this guy.
By Melvin on May 13, 2008
wow, amazing story.. that’s a big lost $60mil. I’m sure he learned from his experiences now. He should have bought more assets, instead of spending on liablities.. all those fancy cars isn’t gonna make him anymore money, this guy certainly had poor business management.
By Keith Surivan on May 14, 2008
I guess the 2nd time to make a million is easier than the first though!
By Wes MAhler on May 15, 2008