|Posted: January 12, 2016, 10:32 am - IP Logged|
it is hilarious, but true. people obsessing about tax laws. concerned about which state will take the most away from you. you should hope if you win that they take most of it so you won't have the problem of trying to get rid of it yourself. look, it's fun to dream and plan but so far no one on here has the remotest idea of what to do with 800 million. 5 months in and you would be saying i would have been happier with 10 million. that maybe i could handle.
$800 million? Nobody will get $800 million unless you're referring to the Annuity. If you're in a no tax state you gotta give Uncle Sam 39.6%. The current Cash Option is $868M so multiply that by .604 (60.4%) and you get $524,272,000 Million.
So lets' get spending!
Now assuming I want to spend my money like a madman, I would buy that beautiful home in Beverly Hills for $85,000,000 (you can see it on YouTube) I can't even imagine what the property taxes are but it must be insane. The upkeep has to be expensive too. Will need a maid and yard man at a minimum so more expenses. Also need some seriously good insurance in case my home falls off of that hill it's on. Still got $442.272M (actually less because of unknown expenses)
Next buy that yacht I always wanted and since I'm rich so I'll get that Italian yacht called the Quinta Essentia at 180 foot long for a measly $41,146,434. Again I'll need a crew to both maintain the yacht and to drive it around wherever I want to go. Also will need at least one maid/server/hostess who has to be pretty so that my friends really enjoy the cruises we go on. Oh and a first mate like they had on Gilligan's Island so minimum is the Captain, First Mate, Hostess and a maintenance crew. Dunno what that costs but I'm sure it's not cheap. Oh and of course gotta gas her up with diesel fuel so add on the fuel expense and also the insurance on my boat in case it catches on fire or sinks or something. Now still got $398,125,566 (well actually less because of unknown expenses)
Next gotta fill up that incredible glass garage in my $85M home with some exotic cars. Buggati Veyron $2.8M, Ferrari's La Ferrari $1.4M Lamborghini Aventador Pirelli Edition $400K, Aston Martin Vanquish Carbon Edition $350K and a Mercedes Pullman Limo $600K
Again, need insurance for these toys and the total is $5.55M now I got $392,620,566 (again actually less gas costs & maintenance)
Since I am rich I will get me one of those nice global private jets, a Bombardier 850 for $32M so again huge insurance and jet fuel and maintenance plus FAA checkups. Dunno the price on those are but it's gotta be high. Still got $360,620,566.
I have already spent $163,651,434 (actually more) probably closer to $200,000,000. So that leaves me with $324,272,000. Maybe I'd be smart to stop so that I can earn interest on that because the expenses are getting crazy and I still haven't got a wife that wants to divorce me and take half.
Of course there are those smaller expenses that come with having the best of everything. New cats and dogs. Love those Savannah cats so I'll get two of those, $40,000 total. Couple of Goldens at least $6000. Vet bills: Unknown, Food bill negligible.
I want the best beds money can buy, I like that Majesty VI-Spring Bed for $85K each. One for each for the bedrooms in my new $85M home.
Oh that reminds me, a vacation home in Hawaii. Just a couple of bedroom condo will work for me. Easily $1.5M ocean view, what else? Add two more beds at $85K each.
I like that Beovision 4-103 TV by B&O for $135,000. At least a few for my new home and one for the Hawaii condo. That's over a half million.
Also I will need at least one or more personal assistants that are trustworthy. That could really cost because I need smart people who I can trust to execute my decisions and dependable.
So I'll stop there but when you say that no one here has the remotest idea of what to do with $800M trust me I can spend it all if i really want to and it certainly would be fun. Let us not forget that there are a lot of people out there who need a hand up so charity is something that if I had $800 million I'd start a Foundation to help those who are less fortunate/have special needs/our veterans who are struggling/help animals I care about and the list goes on and on and on. It really is NOT so difficult to spend all that money, trust me as I've thought about what one can do with millions.
I will say that short of being a madman I'd most enjoy helping others through my foundation much like other very wealthy people do. It's not all about you once you're THAT wealthy as your needs are being met. It's like Eddie Murphy said in his comedy act, "making ends meet? the ends are meeting like a bleep bleep" when he was speaking of Johnny Carson being worth $300 million.