$1 billion+ (915 million euros)--What would be the first thing you'd do if you won?

smash · 08-01-2016 10:30AM

Kintarō Hattori wrote: »

Overall though I'd seek out good advice to make sure I stayed grounded and work to figure out how best the money could be used to benefit other people without being frittered away.

Careful now... Remember there were reports that when Dolores McNamara did this with Eddie Hobbs she lost a couple of dozen million...

Eugene Norman · 08-01-2016 10:31AM

Mountainsandh wrote: »

Pay off my mortgage, give money to my family, and pack my (and my own family's) suitcases to travel the world.

You must have a huge mortgage.

Wibbs · 08-01-2016 10:33AM

I'd actually collect even more odds and ends for my existing cabinet of curiosities. As it is I've the makings of a museum exhibit or three, with that kinda buying power, oh man I'd be leaving one helluva legacy to the state when I pegged it.

Permabear · 08-01-2016 10:35AM

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Eugene Norman · 08-01-2016 10:35AM

Most people are reacting to this win as if it were a $1m. Or $2m.

You could pay off your extended family with $100,000 each and still be left with largely the same capital. Similarly your mortgage isn't going to make a dent. You could pay that off with the first interest payment. A small pad in the country? First interest payment.

I'd buy a newspaper and investigate the billionaires now owing newspapers.

Eugene Norman · 08-01-2016 10:38AM

LexieOnRale wrote: »

Then obviously I'd hire myself a slave, build a doggie palace and hire people to play ball with my dogs all day long until the dogs got bored. They would eat roasts, and steaks and basically anything they'd like. I would rescue many dogs as I could from unhappy homes and pounds. I would like a giant ball pit with slides and doggie treats hidden all over the place.

My slave would do my hair and makeup every day, we would buy a ridiculous amount of shoes (I don't want a scruffy slave)
She would be good at making crisp sandwiches and cheeseboards for dinner.
I would be hooked up to a permanent iv to a nice Chardonnay
Slave can hire her own slave to clean and tidy and do ironing
I would have an on site spa, to have massage wraps and facials anytime I wanted

I'd prob be broke again in 5 years, but what a 5 years it would be

No you wouldn't be broke. Not if you had the $700M. That would be interest.

(I assume you mean well placed servant not slave).

KillerShamrock · 08-01-2016 10:42AM

Buy A reasonably sized Island, make it its own nation, legalize sport killing of humans then scatter weapons (knives, guns, frying pans, giant pink dildos etc) around the place.
100% camera coverage and monitoring of the island Create zones on the island that are dangerous to be in at certain times, buy 30 or so GPS explosive neck collars. Put and ad in a paper/online saying how far will you go for 10 million dollars and broadcast it live on the internets.

Profit!!!!!!!!!!!

(I know 100% battle royal but sure why not)

Sleepy · 08-01-2016 10:44AM

After the obvious (family, house, holidays etc.) I'd probably take on the government, or more specifically the Dept of Education.

Of the $400m or so I'd have after tax, I can't imagine myself of my family having any use for more than $50m of that so I'd use the rest to open both a primary and a secondary school in my locality with an Atheist / Humanist ethos (currently illegal in Ireland) that refuse to waste time teaching Irish.

I'm a firm believer that education is the only "silver bullet" solution in existence and I'd spend the rest of my life trying to prove that by building the sort of school we can only dream about at present with highly paid, highly performing teachers and massive investment in facilities and teaching resources.

I'd go with an enrolment policy that prioritises unbaptised children, siblings of existing students and first come, first served after that. As I can't imagine the first two schools requiring endowments beyond $50m or so to create, I'd have the rest invested in low risk stock indexes standing by to extend the number of schools under my charity's patronage.

SEPT 23 1989 · 08-01-2016 10:45AM

buy a football club

Eugene Norman · 08-01-2016 10:47AM

Sleepy wrote: »

After the obvious (family, house, holidays etc.) I'd probably take on the government, or more specifically the Dept of Education.

Of the $400m or so I'd have after tax, I can't imagine myself of my family having any use for more than $50m of that so I'd use the rest to open both a primary and a secondary school in my locality with an Atheist / Humanist ethos (currently illegal in Ireland) that refuse to waste time teaching Irish.

I'm a firm believer that education is the only "silver bullet" solution in existence and I'd spend the rest of my life trying to prove that by building the sort of school we can only dream about at present with an enrolment policy that prioritises unbaptised children, siblings of existing students and first come, first served after that. As I can't imagine the first two schools requiring endowments beyond $50m or so to create, I'd have the rest invested in low risk stock indexes standing by to extend the number of schools under my charity's patronage.

I remember a largely academic humanist education in the catholic school I went to.

Neyite · 08-01-2016 10:48AM

kneemos wrote: »

Would ya be happy though?

Those people are never happy.

At least if you are miserable in a Maserati its better than being miserable in a battered little banger. A better class of misery, if you will.

Permabear · 08-01-2016 10:48AM

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Andre 3000 · 08-01-2016 10:49AM

Sleepy wrote: »

After the obvious (family, house, holidays etc.) I'd probably take on the government, or more specifically the Dept of Education.

Of the $400m or so I'd have after tax, I can't imagine myself of my family having any use for more than $50m of that so I'd use the rest to open both a primary and a secondary school in my locality with an Atheist / Humanist ethos (currently illegal in Ireland) that refuse to waste time teaching Irish.

I'm a firm believer that education is the only "silver bullet" solution in existence and I'd spend the rest of my life trying to prove that by building the sort of school we can only dream about at present with an enrolment policy that prioritises unbaptised children, siblings of existing students and first come, first served after that. As I can't imagine the first two schools requiring endowments beyond $50m or so to create, I'd have the rest invested in low risk stock indexes standing by to extend the number of schools under my charity's patronage.

You think unbaptised children should get first Preference?

osarusan · 08-01-2016 10:55AM

I've though this more often and for longer than is sensible or mature.

I'd buy Limerick FC, and build a proper ground, and make them the best team in the country.

I have literally made my wife agree that if we ever win the lottery (we hardly ever even buy tickets!), a certain (large) percentage is set aside for Limerick FC, rising to an even higher percentage, depending on how much the lottery win is.

PandaX9 · 08-01-2016 10:56AM

The ideal circumstances would be:

1. Buy a reasonably large plot of land in a location not too far from Dublin with plenty of air and star visibility at night, but still have access to amenities and neighbours. Then, build my dream house on it. Nothing too grandiose, just enough room to have space for my family and a couple of spare rooms to accommodate guests.

2. I would like to think that I would Increase my standing order with the DSPCA (all of my pets have been rescues), they need all the help they can get.

3. Set up a trust fund for future children, try to ensure that their educations will be provided for when the time comes.

4. Set up some sort of bank account that I will lodge most if not all of the remaining money to, where I have to give notice and go through at least two people if I want to withdraw money from it. Also set up a standing order from that account into my personal account of x amount per month, probably will be boring and safe by having a limit of not allowing more than 50% of my net monthly income allowed in so that I don't lose the run of myself.

4. Other than that, make sure my parents and grandmother are well provided for. They spent the majority of their lives doing so for me, it's the least I could do. Most likely include moving them into my house or giving them the option to live either on my property or reasonably close by.

Given the above, I think that's a pretty modest approach. Apart from building my own house, I don't see any visible extravagant spending there and I think it unlikely that anyone bar my immediate family would find out.

I'm a college student who currently lives way beyond their means so I have no idea where this sensibility is coming from :pac:

smash · 08-01-2016 11:00AM

Permabear wrote: »

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Exactly. And this is why so many lottery winners in the states go bankrupt. They think they have more than they actually do. If you took the 428.4 and paid 40% in taxes you're walking away with around 257 million. It's not 25% but it really isn't far off.

Jesus Wept · 08-01-2016 11:01AM

100 tacos for $100

Permabear · 08-01-2016 11:10AM

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Mesrine65 · 08-01-2016 11:17AM

Disappear permanently with the OH to Saint Barthélemy in the West Indies.

Buy a modest property in a nicely secluded area & cultivate my bonsai's & indica's/sativa's in privacy.

Establish a microbrewery on the island so I can unleash my fine ales on an unsuspecting population & bring employment to my new home of choice.

Invest in local businesses, bars, restaurants etc., insuring a steady economy on the island for all to benefit from.

Grow older disgracefully

smash · 08-01-2016 11:22AM

Permabear wrote: »

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Yep. Take someone in the states who wins 120,000,000 over a 30 yr period. They're getting around 4,000,000 a year before tax so maybe 3,000,000 after tax if they're lucky. Nice sum if you can get it, but these people tend to go out and buy a load of houses and a few hypercars and then realise that their 3m a year doesn't cover the mortgages and car loan repayments. Things get repossessed and they end in the shit. And that's an extreme example. Most large winning are nowhere near that amount but people always consider the top line figure and not the actual income.

paulbok · 08-01-2016 11:28AM

Eugene Norman wrote: »

No you wouldn't be broke. Not if you had the $700M. That would be interest.

(I assume you mean well placed servant not slave).

I think he means jobbridge!

Permabear · 08-01-2016 11:34AM

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smash · 08-01-2016 11:36AM

Permabear wrote: »

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Do you know of the legalities of a non national purchasing a ticket and winning? Tax rebate etc because it's not earnings as you're not a US resident.

RobbingBandit · 08-01-2016 11:38AM

A secluded Island paradise for me fire and blood for mine enemies.

Would also buy a football club and run it into the ground ala Aston Villa.

Sleepy · 08-01-2016 11:45AM

Andre 3000 wrote: »

You think unbaptised children should get first Preference?

Not at all. But I'd impose the discrimination until all other schools were forced to remove religious discrimination from their admittance policies.

valoren · 08-01-2016 11:46AM

The first thing I would do is, after getting over the initial shock, would be to simply sit there with a cup of tea and enjoy the euphoria.

Permabear · 08-01-2016 11:52AM

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PARlance · 08-01-2016 11:53AM

Sign the back of the ticket and stick the kettle on.

c_man · 08-01-2016 11:55AM

valoren wrote: »

The first thing I would do is, after getting over the initial shock, would be to simply sit there with a cup of tea and enjoy the euphoria.

What if the tea didn't taste the same. And then the realisation dawns on you that it will never be as good, like ever. The money means you'll never enjoy a nice cup again. What then man, what then?!

Mr. CooL ICE · 08-01-2016 11:58AM

I'd do my weekly shop in M&S

$1 billion+ (915 million euros)--What would be the first thing you'd do if you won?

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