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Posted: 3/8/2023 10:10:19 AM EDT
[#1]
Quote HistoryQuoted: My man  Quote HistoryQuoted: Quoted: Jeez, I buy a personal villa somewhere in the Caribbean on a private island. Somewhere corrupt enough to where I can bribe the government to leave me alone. A place where I can have all the MGs I want. My man |
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Posted: 3/8/2023 10:14:26 AM EDT
[#2]
I get 2 billion is a lot and even at 1 billion a 25 million dollar home is not insignificant. Upkeep and taxes are going to be huge expenses.
I would have gotten a big house but not that or there. But it's his money and only he's accountable. |
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Posted: 3/8/2023 10:37:13 AM EDT
[#3]
I wouldnt buy it there but that is just me
I would buy one some place though that was epic. He will be fine. Having all that money spending 2.5% on a house is nothing. Most people spend well above that with six figure salaries If he put it in something that brought him just 2% interest you are looking at 250,000 a week Think my math is good |
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Posted: 3/8/2023 10:55:58 AM EDT
[#4]
Quote HistoryQuoted: LLCs have to register with the State they're formed in and the officers are public info, I think. So you hire someone to be the "officers". No problem, when you have that kind of money. |
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Posted: 3/8/2023 12:25:04 PM EDT
[#5]
Quote HistoryQuoted: My first chunk of that would be spent on a team of lawyers to hide me and that money inside of as many trust, shells, or wtf ever was needed. Then buy the largest acreage I thought was reasonable in Texas and disappear. Of course said acreage would be owned by Fuck Off Land Trust. Fuck buying anything in California. I don’t think Ensign Peak Advisors takes outside clients. You’ll have to start your own church with a captive wealth management team. 
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Posted: 3/8/2023 12:52:53 PM EDT
[#6]
Quote HistoryQuoted: The weather there is easily worth it alone. Your state is only nice in the winter months and then becomes sauna oven soaked shirt with lizards crawling around everywhere. There are whole islands you could buy where the weather is just as nice and there are far fewer prying eyes. |
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Posted: 3/8/2023 12:59:09 PM EDT
[#7]
Quote HistoryQuoted: Could live anywhere... and he goes to California. He deserves whatever he gets. You think laws apply to wealthy Californians? 
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Posted: 3/8/2023 1:02:19 PM EDT
[#8]
Quote HistoryQuoted: "Decoy house" https://m.wsj.net/video/20101012/101210red/101210red_640x360.jpg Seriously, my new lottery plan is to buy a big house in California, have a reasonably big presence there on paper, and physically spend the rest of my life somewhere else. |
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Posted: 3/8/2023 1:05:01 PM EDT
[#9]
Quote HistoryQuoted: You think laws apply to wealthy Californians? |
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Posted: 3/8/2023 1:07:15 PM EDT
[#10]
Quote HistoryQuoted: Broke inside several years. Or dead. |
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Posted: 3/8/2023 3:05:13 PM EDT
[#11]
 Winner of $2.04B Powerball jackpot buys $25.5 million Hollywood Hills mansion |
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Posted: 3/8/2023 3:13:50 PM EDT
[#12]
I think the house is very reasonable for the income and income potential this guy now has.
Not my first choice, but different strokes and all. I think some people forget that you instantly become a target for solicitors and also some real bad hombres meaning you harm. Living amongst other mega wealthy people is not only good for socializing, but it comes with security benefits as well. |
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Posted: 3/8/2023 3:15:16 PM EDT
[#13]
To each his own I suppose, but I'd be buying the largest piece of land in Montana and/or Idaho I could find and you'd never hear of me again.
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Posted: 3/8/2023 4:37:05 PM EDT
[#14]
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Posted: 3/8/2023 5:05:48 PM EDT
[#15]
I would use that place for three years and then quietly move to another state.
The value of that property is not going down. 
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Posted: 3/8/2023 5:08:09 PM EDT
[#16]
Meh. If he got into farming he could spend that in a year and not have anything to show for it.
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Posted: 3/8/2023 5:21:58 PM EDT
[#17]
Quote HistoryQuoted: To each his own I suppose, but I'd be buying the largest piece of land in Montana and/or Idaho I could find and you'd never hear of me again. I enjoy watching the RE ranch videos with thousands of acres. Buy one or two of those and hire the current workers and give them a nice bump in pay for staying. Hire some legal lairs to incorporate it into it's own political subdivision and make it a rule that all employees must be armed with FA, all the time. 
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Posted: 3/8/2023 5:25:46 PM EDT
[#18]
Quote HistoryQuoted: Broke inside several years. Sounds like he is well on his way. |
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Posted: 3/8/2023 5:27:03 PM EDT
[#19]
Quote HistoryQuoted: No one would ever know where I lived and it would not be California...buying some big ego box like that will do nothing but draw negative attention. This will not end well.  This. I'd quietly change my name and disappear.
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Posted: 3/8/2023 5:31:43 PM EDT
[#20]
    
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Posted: 3/8/2023 6:03:24 PM EDT
[#21]
I have an infatuation for "old time hollywood". I just think the 40's-60's would have been a really cool time to see and live in LA.. but now..... Not so much. I will say. That view he has is pretty damn cool... I dont have 25 milly to spend so I dont think I will ever have that problem.
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Posted: 3/8/2023 6:05:07 PM EDT
[#22]
Quote HistoryQuoted: There are whole islands you could buy where the weather is just as nice and there are far fewer prying eyes. Then no one can see how rich you are and be jealous. |
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Posted: 3/8/2023 6:34:45 PM EDT
[#23]
If it was me, I'd follow Austrian's advice, and once the funds were available, I'd hire @BlackFox to drive me around the Caribbean for a few months so I could get my head around how much my life has changed.
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Posted: 3/8/2023 6:45:52 PM EDT
[#24]
Quote HistoryQuoted: If it was me, I'd follow Austrian's advice, and once the funds were available, I'd hire @BlackFox to drive me around the Caribbean for a few months so I could get my head around how much my life has changed. @DPeacher - fuel tanks are full, the bar is stocked and there's even some food in the fridge!! 
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Posted: 3/8/2023 6:46:10 PM EDT
[#25]
Quote HistoryQuoted: Sounds like he is well on his way. Quote HistoryQuoted: Quoted: Broke inside several years. Sounds like he is well on his way. Yea, spending 2.5% on real estate is how you go broke. |
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Posted: 3/8/2023 6:47:53 PM EDT
[#26]
This thread caused me to lose an hour yesterday browsing Private Islands Online again. That site has already cost me many millions, and could easily do it again
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Posted: 3/8/2023 6:51:45 PM EDT
[#27]
Quote HistoryQuoted: @DPeacher - fuel tanks are full, the bar is stocked and there's even some food in the fridge!! Quote HistoryQuoted: Quoted: If it was me, I'd follow Austrian's advice, and once the funds were available, I'd hire @BlackFox to drive me around the Caribbean for a few months so I could get my head around how much my life has changed. @DPeacher - fuel tanks are full, the bar is stocked and there's even some food in the fridge!! I guess I need to go buy a lottery ticket! |
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Posted: 3/8/2023 6:53:23 PM EDT
[#28]
better get some anti kidnapping insurance and lots of protection. Every charity and con artist will be hunting for his scalp.
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Posted: 3/8/2023 6:54:50 PM EDT
[#29]
He will be broke in 2 years.
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Posted: 3/8/2023 7:25:51 PM EDT
[#30]
Quote HistoryQuoted: Lol, I see this thread is going to be fun for me. |
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Posted: 3/8/2023 7:57:38 PM EDT
[#31]
Quote HistoryQuoted: Statistically, he'll be broke within a few years. LOL, people win the lottery every single day, you only hear about the train wrecks. If you're a dumbfuck with money when you're poor you will probably a dumbfuck when you have $900 million. To say "Statistically, he'll be broke within a few years" makes you sound like one of the poor dumbfucks.
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Posted: 3/8/2023 8:15:05 PM EDT
[#32]
Fools and their money. Most folks I know with 8-9 figures are interested in the continued building of wealth instead of spending it.
A friend sold his part of his oil business, and invested the money back in the 80s. Got a fair amount of money maybe 1m. Worked for us driving a tanker for my family. 2 bedroom starter house he paid cash for, and still lives there. Had a toggle switch for a few months one winter to replace his thermostat until my dad gave him a thermostat. Another guy I know well who bought us out still lives in a normal house mostly and last I saw was driving a used car. No extravagant spending. Some of those lottery winners are just stupid and will likely go broke shortly. My family, upper middle class. Some money but nothing to waste or blow. I bought a starter house with cash maybe 20 years ago on some water and redid it. Brother bought a foreclosure. Contrast that to one of my first cousins in the family business that seems to blow through everything and ask for more... Nothing is ever enough. Build money dont waste it. . |
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Posted: 3/8/2023 8:23:55 PM EDT
[#33]
Quote HistoryDamn... those are some steep mudslides waiting to happen. Either the hillside's gonna slide down into the house, or the house is gonna slide down the hillside... And the back yard is pretty damn small for $25mil. But, to each his own. At least he didn't buy a place in MT (yet). |
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Posted: 3/8/2023 8:30:00 PM EDT
[#34]
Quote HistoryQuoted: I guess I need to go buy a lottery ticket! Quote HistoryQuoted: Quoted: Quoted: If it was me, I'd follow Austrian's advice, and once the funds were available, I'd hire @BlackFox to drive me around the Caribbean for a few months so I could get my head around how much my life has changed. @DPeacher - fuel tanks are full, the bar is stocked and there's even some food in the fridge!! I guess I need to go buy a lottery ticket! yes, yes you do my tax bracket seems pretty set in stone so you're my only hope
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Posted: 3/8/2023 8:42:06 PM EDT
[#35]
first he is stupid to be staying in this horrible state. In Kalifornistan you have 1 year before you have to claim the prize which is plenty of time to legally change your name. Then claim the prize with your new name and then disappear. Go to some desolate place and change your name back. or not
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Posted: 3/8/2023 8:58:47 PM EDT
[#36]
They would have to find me on my 100000 acre south Texas ranch.
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Posted: 3/8/2023 9:02:20 PM EDT
[#37]
Dollars to donuts he's broke and destitute by this time next year.
I hope I'm wrong, and I'm not saying that he shouldn't live the good life with his money, but $25 million for a house is not insignificant. |
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Posted: 3/8/2023 9:15:03 PM EDT
[#39]
Quote HistoryQuoted: Dollars to donuts he's broke and destitute by this time next year. I hope I'm wrong, and I'm not saying that he shouldn't live the good life with his money, but $25 million for a house is not insignificant. It’s insignificant when you have $972 million more after that purchase. He has the ability to make absurd sums of money using the remainder even conservatively. I think he’ll be alright if he sets some aside and isn’t a total dumb ass. |
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Posted: 3/8/2023 9:19:54 PM EDT
[#40]
Quote HistoryQuoted: The guy suing him has a pretty convincing case. He's waiting for the store that sold the ticket to release security camera footage, but they've been stalling. But how is the video going to prove anything, unless it shows the winner snatching it out of his hands? I doubt the video has the resolution to show the numbers on the ticket. |
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Posted: 3/8/2023 9:21:21 PM EDT
[#41]
Quote HistoryQuoted: It's insignificant when you have $972 million more after that purchase. He has the ability to make absurd sums of money using the remainder even conservatively. I think he'll be alright if he sets some aside and isn't a total dumb ass. Quote HistoryQuoted: Quoted: Dollars to donuts he's broke and destitute by this time next year. I hope I'm wrong, and I'm not saying that he shouldn't live the good life with his money, but $25 million for a house is not insignificant. It's insignificant when you have $972 million more after that purchase. He has the ability to make absurd sums of money using the remainder even conservatively. I think he'll be alright if he sets some aside and isn't a total dumb ass. That's the key though. I hope for his sake he's smart with his money and does good things with it. If not, he's fucked. |
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Posted: 3/8/2023 9:24:58 PM EDT
[#42]
Quote HistoryQuoted: It’s insignificant when you have $972 million more after that purchase. He has the ability to make absurd sums of money using the remainder even conservatively. I think he’ll be alright if he sets some aside and isn’t a total dumb ass. ~$600million more. |
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Posted: 3/8/2023 9:32:59 PM EDT
[#43]
If you have $1000, this is like spending $25.00 or buying a box of ammo. There that should make it easy to understand for some of you.
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Posted: 3/8/2023 9:39:04 PM EDT
[#44]
Apparently California doesn't charge taxes on lotto winnings:
https://www.mercurynews.com/2022/11/12/2-04-billion-powerball-how-much-will-california-jackpot-winner-give-back-in-state-taxes/ So, as strange as it sounds, this guy saved literally the price of that house and tens of millions more dollars just in state taxes he didn't have to pay. |
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Posted: 3/8/2023 9:56:18 PM EDT
[#45]
Quote HistoryQuoted: I'd buy big, but not in CA. I’d buy something like the Dutton Yellowstone ranch 
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Posted: 3/8/2023 10:05:18 PM EDT
[#46]
Broke in 10 years. Dead in 15.
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Posted: 3/8/2023 10:08:44 PM EDT
[#47]
FPNI
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Posted: 3/8/2023 10:15:53 PM EDT
[#48]
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Posted: 3/8/2023 10:25:16 PM EDT
[#49]
Quote HistoryQuoted: But how is the video going to prove anything, unless it shows the winner snatching it out of his hands? I doubt the video has the resolution to show the numbers on the ticket. Quote HistoryQuoted: Quoted: The guy suing him has a pretty convincing case. He's waiting for the store that sold the ticket to release security camera footage, but they've been stalling. But how is the video going to prove anything, unless it shows the winner snatching it out of his hands? I doubt the video has the resolution to show the numbers on the ticket. The lottery ticket has a time stamp and video footage most likely does at well. Should be easy to establish who bought the ticket. |
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Posted: 3/8/2023 10:55:54 PM EDT
[#50]
If I had that cash I get both
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