For one thing, I wouldn't be at work today.

I'd move. I'd secure the financial future of our son and grandchildren, and yes, find a way to have a charitable foundation of sorts.

 

Winning that much would be nothing but "stress". I would tell them to keep it.

 

I agree it would be very stressful. I'm very happy with the lifestyle we have which does NOT involve $500+million. The constant badgering from those who would wish to relieve me of the burden of wealth would be hard to bear.

 

I'll handle the stress.... gimmie the cash!

Oh... I forgot... I'd also give my brother and sister a few bucks... maybe like $100-$150?

Would that be too much or too little?

Plus... I'd buy all the bling for under the hood that I could find for the S2000, so it would shine better than Looters!!!

 

OK....now...!!!!!

 

But you still wouldn't be allow to touch his nuts!

 

And he'd want to?

 

I'd probably give out some $1M gifts to family. I would buy a very nice waterfront compound that would accomodate the BIG garage and at least three boats. I'd buy the cars and boats to fill the garage and dock. I'd get a winter place somewhere warm.

I'd invest the balance and see how much $ it spits out every year and then decide what to do with the income stream. I'd probably put the principle in a trust fund with terms about where the income goes. Some would be for me, family and then charities that I think are worthwhile. But I would not simply "give away" the principle. I'd like to see my foundation manage it into the future and distribute the income based on a yearly review of what last year's recipients did with the money and applications from new sources.

 

Assuming a payout of ~300 mil after taxes, I'd probably allocate 10-20 mil of "fun" money. and as Bill said, park the rest for dividend income to live off of.
Of course that would probably have to include one really stupid car, McLaren or Ferrari although that 918 looks interesting.

 

I'd hire a good money mgmt co and then I'd poof.
What a great name for 100+' yacht.
When I tired of it, who knows.
POOF!!

fltsfshr