Guy wins $450 million on lottery.

jsmoke · 13 Jan 2018 at 13:25

Must be a record. I think there are pretty high taxes involved though, maybe up to 40%. So what would you do with all this money. The obvious I suppose, a mansion, few cars, few holidays, money to friends and family, or would you give a lot to charity?

I would do tons or research and hire analyst and invest in bonds/hedge funds/stocks etc, buy a few properties also. Maybe some cheap ones, clean them up and sell at a profit.

http://www.telegraph.co.uk/news/201...s-450m-lottery-jackpot-hope-do-good-humanity/

aardvark · 13 Jan 2018 at 13:30

i wouldn't want to win that much - its too much!

Chojin · 13 Jan 2018 at 13:30

Meat hooks and blowfish

dowie · 13 Jan 2018 at 13:32

he didn't actually win $450million (even before taxes) - it's a misleading figure used for promotion of US lotteries based someone taking the prize over multiple years

he's won more like $280 million as a lump sum and after federal taxes he'll be left with $170 million... so less than half of the amount the press are quoting (not sure if there would be local taxes too)

Russinating · 13 Jan 2018 at 13:34

aardvark said:
i wouldn't want to win that much - its too much!

How can anything ever be too much? Just give away part of it until it gets down to a level that you deem enough.

dowie · 13 Jan 2018 at 13:36

Russinating said:
How can anything ever be too much? Just give away part of it until it gets down to a level that you deem enough.

exactly, it is quite a bizarre idea... "ooh I'd not want that much, it's *too* much!"

well you've got an awesome opportunity to donate a huge sum of money to some causes you really care about... people act like it is a burden despite it being pretty trivial to get rid of any excess

aardvark · 13 Jan 2018 at 13:37

Russinating said:
How can anything ever be too much? Just give away part of it until it gets down to a level that you deem enough.

its too much to keep quiet - there would be so many people hassling you it would be unbearable.

G-MAN2004 · 13 Jan 2018 at 13:39

300 SL
Veer Towers one bedroom apartment on the Vegas Strip.
Nice sized house hidden away somewhere in the Hollywood Hills. Nothing too extravagant because I hate having too much space.

This would probably put me ~£20-30 million down. Maybe a lot less actually.

The rest would be invested into science and tech companies, with a bit going to decent charities.

dowie · 13 Jan 2018 at 13:40

aardvark said:
its too much to keep quiet - there would be so many people hassling you it would be unbearable.

did you just ignore the bit about how you could give it away if it was "too much"

Thekwango · 13 Jan 2018 at 13:40

aardvark said:
its too much to keep quiet - there would be so many people hassling you it would be unbearable.

no one would hassle you unless you were daft enough to wander through your home town.

win money, sod off somewhere nicer = no hassle

aardvark · 13 Jan 2018 at 13:40

dowie said:
did you just ignore the bit about how you could give it away if it was "too much"

yeah but once your name is out there it won't stop people targeting you.

dowie · 13 Jan 2018 at 13:43

aardvark said:
yeah but once your name is out there it won't stop people targeting you.

well you stay anonymous and don't get your picture taken in the Daily Fail with an oversized cheque/popping Champagne etc..

even in US states where they're forced to reveal winner's details people can work around it by setting a trust and having their lawyers collect the winnings etc..

jsmoke · 13 Jan 2018 at 13:44

aardvark said:
yeah but once your name is out there it won't stop people targeting you.

Buy a nice big pitbull.

aardvark · 13 Jan 2018 at 13:44

dowie said:
well you stay anonymous and don't get your picture taken in the Daily Fail with an oversized cheque/popping Champagne etc..

even in US states where they're forced to reveal winner's details people can work around it by setting a trust and having their lawyers collect the winnings etc..

ok fine, give me the money and i'll see how its goes

chroniclard · 13 Jan 2018 at 13:49

In regards it being "too much" it will also colour your relationships with friends and family once they know you have 200 mill, even if you gave loads away.

Ryan-3 · 13 Jan 2018 at 13:53

I'd always try to stay Anonymous. Good house that's secure, with a garage for four or five cars I've always wanted. Wouldn't bother with pools, cinema, etc. Then start looking at my options to keep the level of wealth sustainable, whilst also giving out money to good causes (like the one on here recently).

Friends and family would be a 'set them up' job, but once they've got what they need, I wouldn't entertain anyone coming around taking the **** and begging.

dowie · 13 Jan 2018 at 13:58

chroniclard said:
In regards it being "too much" it will also colour your relationships with friends and family once they know you have 200 mill, even if you gave loads away.

so don't tell them, you could tell them you've "got 10 million from a lottery win" which is perfectly true if you gave away 190 million before you told them

you don't even need to do that these days though tbh... you could just as easily say you found your old hard drive with all those bitcoins you had and now you have "made a nice sum of money" etc..

englishpremier · 13 Jan 2018 at 14:01

I don't see how you'd be harassed any more than anyone who is already a millionaire such as Mark Zuckerberg, or Carlos Slim, Sutan of Brunei etc.. Oh wait, they are all billionaires

hornetstinger · 13 Jan 2018 at 14:05

I wouldn't give a penny to charity or to friends.

Randomface74 · 13 Jan 2018 at 14:08

hookers and blow