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AARON MOHAMMED
BabbleBee
reply 320 vote 48
 

What what you do with $286 million dollars?

The US have a powerball this week that has gone up to over $600 million. The lump sum option after taxes comes up to approx. $286 million. I contacted a friend in the states who purchased a ticket on my behalf and I am convinced I will win. What should I do with the money? I'm thinking of buying this next week:

   http://www.privateislandsonline.com/islands/wakaya-island-estate
4
Canada / General Chit-Chat
 
 
 
SEAN
Buzzer
reply 33 vote 10
 
 
1 BEST REPLY
I would buy the $90 million @One57 penthouse from Bill Ackman and his hedge fund bros.

 
 
 
JOEL H
Buzzer
reply 93 vote 11
 
 
1) Throw half of it in a savings account
2) http://www.virgingalactic.com/booking/
3) buy several Aston Martins
4) buy that island before you
5) buy the penthouse in @432 Park Avenue
 
 
DERRICK STRIKE
Buzzer
reply 17 vote 1
 
 
 
JAMIE KINCH
Buzzer
reply 142 vote 41
 
 
1) $224m - wealth management account. Diversify between stocks and real estate. pull a cool million out each year as an income.

2) $2m - travel the world in style for a year

2) $25m - goes towards creating post-secondary scholarships in entrepreneurship, music, arts, and medicine.

3) $15m - personal real estate. maybe @277 Davenport, but most likely I'd scoop up a penthouse suite at @Imperial Plaza. I'm DEFINITELY buying this place in Muskoka though. Drooling over this listing for a while.....maybe hold off for another price drop ;)....It is a rare opportunity to own a piece of Muskoka like this:

http://www.realtor.ca/propertyDetails.aspx?propertyId=13189339&PidKey=1297272476

4) $350k - Tesla, Aston Martin DBS, SUV of some sort

5) $20m - big kick off of donations to charities, medical research, et cetera.... do some good in the world.

6) probably pick up a new pair of sticks for the golf course..... hopefully they'll help improve my game like the ads say. lol! we'll go all custom fitted, so let's call it $10k.

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What boggles my mind is that any sane person could do the above and be set for life...... but unfortunately most people blow it within 5 years apparently! Hopefully it takes 'em 10 with this much cash.

 
 
 
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