Gotta Dream Right???
Let's assume after taxes, Lump sum, I end up with $500M.
$10M gets spent within the first 6 months
- New Houses
- New Cars
- Gifts to relatives and close family friends.
- Travel
$50M then gets put into personal investments that can hopefully net me 10% or ($5M/year), which is more than enough to live comfortably.
The remaining $440M is my legacy. I would build a foundation that invests that money. 50% of the proceeds from the investment goes back in the foundation so it will always grow, and the other 50% goes towards philanthropic endeavors. I would sit at the head of the board with the option to take a salary (just in case the $50M i put aside is not enough), and live out the rest of my life knowing that I contributed to society, and will continue to do so long after I'm gone.