Spunking a 5 million pound fortune ina few years is'nt just the preserve of chavs it would seem, see below from the London Evening News "Â£5million lotto winner goes from millionaire to the dole in just three years Last updated at 16:52pm on 11.04.08 Add your view It took just over three years for Lottery winner Pete Kyle to squander his Â£5million fortune and end up on benefits. Mr Kyle, 55, has gone from a luxury home to a shabby room in a guesthouse and from a top-of-the-range Mercedes to a rusty Vauxhall Astra in the space of 38 months. He lives in a run-down, seedy hotel where he earns his keep working as a caretaker and general dogsbody. Scroll down for more ... Loaded: Peter Kyle celebrating his Â£5.1million lottery win with a glass of Champagne The divorced father-of-two won Â£5.1million in February 2005 and splashed out on luxury homes, cars and holidays. But now Mr Kyle owes money and is claiming Â£100 a week in disability living allowances and mobility allowance, it has been reported. The trusting former Royal Artillery gunner apparently made a few bad investments and handed over cash to friends claiming they were going to help him maximise his money. On average, Mr Kyle would have had to spend Â£4,600 a day to lose the Lottery jackpot. Among his many purchases was a Â£550,000 house in Plymouth, Devon, a Â£40,000 Mercedes, a Â£40,000 Range Rover and Â£20,000 on a second 4x4. Mr Kyle also gave money to his children Gemma, 23, and Roy, 14. "He had a golden opportunity to turn his life around - and then blew it," a source told The Sun. "He took some bad advice from bad people and handed his money over too readily to them. "How he's got nothing and even owes cash. Scroll down for more... Spend, spend, spend: Wylie splashed out Â£550,000 on a luxury home and a fleet of 4x4s "It's hard to believe he was a millionaire, now he's just a mess." Shortly after his win - one of the biggest in Lottery history - he was branded Britain's meanest man when he reportedly refused to help care for his ill brothers and sisters. Jean, Carol, David and Steven all suffer from Huntington's Disease, which is an incurable condition. Some family members claimed he had refused to give his siblings any money, a allegation he denied at the time. Now the Lottery winner, who was still a millionaire last year, has been forced to sell his home, cars and other luxury possession so he can afford to live. A source told the newspaper about life at the Â£15-a-night hotel that Mr Kyle now calls home. "Pete has been working at the hotel for a few months just to get by. "He has his own room, marked private, and he spends a lot of time in there." Scroll down for more... Broke: Kyle is living and working in this hostel in Plymouth He described Mr Kyle as "shuffling" around the hotel and cooking breakfast for the guests. In January, an unnamed creditor apparently secured a county court judgement against him for Â£590. Mr Kyle refused to comment."