Experts say the $2 billion Powerball winner is making bad money choices

Edwin Castro won a record-breaking $2 billion Powerball, but financial planners are wincing at his purchases. Since winning in November, Castro has purchased a $25.5 million dollar home in the same neighborhood as Leonardo DiCaprio and Ariana Grande.

Instead of purchasing an expensive home, advisors suggest waiting until the "high" of the win has worn off before spending large amounts of money. This could be six months to a year.

Castro's $25.5 million-dollar Hollywood Hills home could cost him over $255,000 annually to maintain. He's also bought a $4 million-dollar home in Altadena and a vintage Porsche.

"People don't understand there is a potential for loss. They only focus on the potential for gain," financial planner Nicholas Bunio said.

Here are some of the Shark Tank stars with advice of what to do if you win big money.