One single Powerball jackpot winning ticket sold worth $456M
5Cash value of about $274M goes to a single winner. I can’t even imagine the elation that person must have experienced when they realized they held a piece of paper worth $274M.
What would you do with that kind of dosh?
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Some decades ago, a big solo winner in a state lotto was asked what he would do with his winnings.
"I’ll spend 1/2 on wine, women, and song.
I’ll spend the other half stupidly."
Bravo!
@f00l - George Best, a famous British soccer player who made a fortune playing for the Manchester United football club in the '60s, was once questioned what had happened to all the money he had made and replied: “I spent a lot of money on booze, birds and fast cars. The rest I just squandered.”
Stick it in the bank and live off the interest.
Buy a house.
Travel the world.
Buy this car.
/image 1966 black toronado high toned son of a bitch
@RiotDemon Banks … interest? Ha! I think my bank’s savings account offers all of 0.015%.
@RiotDemon I love Toronados. @Narfcake Using your example of 0.015% interest, $456,000,000.00 would earn $684,000.00 a year.
@RiotDemon The first front wheel drive car produced in the US, and made infamous by George Romero and Stephen King.
@narfcake My Wells Fargo account pays .05%. I guess in the long term, that’s $1,370,000 per year. I could live on that. Not luxuriously, but quite comfortably.
@therealjrn
@ruouttaurmind Love it! The early ones rocked, but I liked the later models too, unlike these guys.
@narfcake @ruouttaurmind over a million a year and not live luxurious? I’d live luxurious if I made 20k extra a year.
@RiotDemon After taxes it’s somewhere in the neighborhood of $600K. Very comfortable, but not Robin Leach Lifestyles of the Rich and Famous kind of luxury.
@RiotDemon @ruouttaurmind I could scrape by on half that.
@RiotDemon Buy the bank?
@therealjrn anything extra would feel luxurious. It would be nice to not have to put things like car repairs on credit cards. Or to actually take a vacation. I haven’t left the state in almost five years.
@RiotDemon You don’t need to leave. Nothing but trouble out there.
@therealjrn finally got around to watching the jay Leno video. The one thing that bothered me, that they touched on at the end of the video was that he changed it to rear wheel. The car was iconic for being front wheel, so I felt like they butchered it a bit by doing that.
@RiotDemon I agree, but the designer had an interesting perspective: most people identify with the outside appearance of a vehicle, and the interior accouterments, not the mechanical oddities.
As a builder of hot rods, I am often accused of being a butcher, of ruining a car, a valuable piece of history because I’ve modified it from it’s original design. In my eyes, I’m improving the original design, and creating a piece of automotive art. I know from other interviews, and from a brief conversation with him at Barrett Jackson, Jay has a very similar perspective.
I see both sides of this argument.
@RiotDemon I’d go with something practical, like a '67 Shelby 427 Cobra Super Snake. Plenty of room for a bag of groceries.
If it’s raining, maybe stick with a nice '69 Camaro SS.
I’d probably donate a lot of it, set up some sort of foundation for epileptic hamsters or something. Some more for the usual, get a nice house in the country, a nice house in the city, maybe one for each coast. Set up the grandkids college funds. Buy my daughter a nice annuity.
Whatever is left over would go for hookers and blow.
@therealjrn I’d do plenty for charity. Sadly, that kind of cash won’t go far enough to make a difference in the world. It would, however, make a world of difference in the lives of many individuals.
@ruouttaurmind Properly invested, I can’t imagine needing more than 20 million to be all set for life, and the lives of my child and grandchildren.
That would leave a lot for charity.
But as you say, I would be more of a “where the rubber meets the road” kind of donor.
@ruouttaurmind @therealjrn Not me.
I’d just get it in $100 bills & roll around in it. Buck naked.
@therealjrn
@daveinwarsh That’s 2,740,000 bills. A standard banking bundle is 100 notes. You’ll have 27,400 bundles of $100 bills. That’s roughly 4.5 palettes.
I was planning on taking the annuity option, and splitting it among family - first setting up a trust so we don’t have to give our names out. I found this spreadsheet that shows you how you’d do with the annuity payments - don’t forget to plan for your tax payments!
I’d likely work less. Much of my portion would go to charities.
@sligett Some states won’t let you hide your identity behind a trust.
@msklzannie @sligett Although some lady just won the right to do that in some state that usually won’t allow that. I think I had read that opening a trust or shell company to “win” it means you can hide yourself that way. Something like that anyway.
@Kidsandliz Actually the state she won in allows trusts to claim winnings. Her issue was she’d signed the back of the ticket already with her name and then wanted to claim it in the name of a trust instead.
Pay off all my debt and student loan debts of mine and for all my extended family.
Channel a bunch into my Cambodian NGO to expand the adult vocational training program.
Put aside enough that I don’t have to ever be homeless again and enough to help family members out over time if they need it.
Donate the rest that is needed to finish this: https://www.halohousefoundation.org as this is my oncologist for one of my cancers and this is really needed. Also add enough money for short term housing (which is not on their agenda at this point in time) for those who are broke as it is a real pain to sleep in your car when you are down there for a couple of days for apts (speaking from experience here and it gets too damn hot in Houston for sleeping in your car and even most Airnb’s are expensive and last year the one I stayed in well sleeping in the car would have been preferable as it was truly disgustingly dirty with 10 people in 1000 square feet and 3 bedrooms, choosing the car this May).
Donate to other charities. Build a new building for CARA (no kill shelter I volunteer at) since what they have is falling apart.
Do anonymous random acts of kindness to individuals having a hard time. This would be really, really fun to do.
@Kidsandliz geez, you have all these virtuous ideas! You’re a good-hearted soul, you are.
Me, I was thinking about buying a solid gold toilet.
@Kidsandliz @UncleVinny
/image solid gold toilet
This one is at the Guggenheim.
I think there is one in Japan, and this one in HK:
@f00l @Kidsandliz @UncleVinny What? No Golden Bidet?
@daveinwarsh Umm if I were to buy something golden that would not be it. Maybe the Golden Hind?
@Kidsandliz Nah. Something with an engine or two.
Maybe like the ‘Golden Odyssey’.
ps: I got a Chinese fortune cookie that said it’s my lucky day. I bought a $3 scratch ticket and WON! ($15)…
@daveinwarsh Well that is a start anyway. $12 down and about $64,999,988 to go.
274 million = 548,000 cars for the 24 hours of lemons.
Also one could totally buy meh out and make @snapster cringe. Again. Meow?
@narfcake Just looking through the rules for the 24 Hours races. Button Willow would be a conceivable distance for me to field a car. But I’d likely have $5K into safety equipment and another $2K in travel and transport. A bit heavy for a lark. I guess I’ll have to wait until I’m the guy holding the winning Powerball ticket.
@ruouttaurmind Yeah, the prep and logistics definitely add into it, but it’s still the cheapest route to racing.
Also, who doesn’t love absurdities like this?
/image Lemons Reliant K-it-forward
/image Lemons Nyan Cat
/image ToyoHog
/image Trippy Tippy Hippy van
/image Speedycop Cessna
To elaborate on the K-it-FWD …
https://blog.caranddriver.com/the-tale-of-the-k-it-fwd-plymouth-reliant-part-1/
http://blog.caranddriver.com/the-tale-of-the-k-it-fwd-plymouth-reliant-part-2/
https://blog.caranddriver.com/the-tale-of-the-k-it-fwd-plymouth-reliant-part-3/
@narfcake
Next stop: Cannonball Run?
@RiotDemon FTW!!! HOOKERS AND COCAINE!!!
@RiotDemon @therealjrn His mama must be so proud.
/giphy biggest prettiest sailboat ever
I live in PA where the single ticket was sold…
@somf69 I live in Oklahoma which is in the same country as the single ticket sold…
@somf69 @therealjrn I live on the very same planet as the big winner.
@somf69 don’t forget about us when you’re famous!
@daveinwarsh @somf69 @therealjrn And I live in the same universe as the big winner.
@daveinwarsh @Kidsandliz @somf69 @therealjrn
@daveinwarsh @narfcake @somf69 @therealjrn Well I live in the same infinity space. So there!
/image infinity space
@MrMark hope Mrs. Mark isn’t on here
@Kidsandliz She can be one of the two. Plus who knows, perhaps two dudes at the same time is what she would do with her half of the money.
@MrMark two dudes would probably be very cheap, or free. So she will probably have a lot left over.
I’d go somewhere warm in the US. Tired of this winter.
I am going to give all of my money to the rich because I would just be “pending every darn penny they have, whether it’s on booze or women or movies”.
https://www.cnn.com/2017/12/04/politics/chuck-grassley-estate-tax/index.html
I mean what an obtuse mother fucker. The fact that Grassley can not understand why people that don’t get paid well spend every dime they have blows my mind.
He said this to explain why the estate tax in 2024 will be abolished.
Why this is BS. Lets say you started working at
age 14 10 hours a week for minimum wage
Age 15 still 10 hours
age 16 15 hours
age 17 20 hours and
18+ 40 hours a week.
Every year you receive a %3 raise. Even if you saved every dime (No spending at all by the time you reach 65 you would have only saved 1.8 million dollars).
But hey you are making $32.73 an hour not bad if not for inflation.
Currently our Estate tax is 5.49 for individuals and 11 million for couples so you could pass all of your money to your kids without paying taxes.
@caffeine_dude Yeah I sure spent every penny on non-essentials… Lets see that would be things like health insurance (no medicaid expansion), rent… Yup big spender here.
/youtube mediocre buy me a boat
@medz http://content.time.com/time/magazine/article/0,9171,2019628,00.html
@caffeine_dude interesting stuff. I’ve always said that money doesn’t buy happiness, but it sure makes things easier.
@medz Pretty sure it was a line in a movie that goes something like “Money doesn’t buy happiness, but it does buy off unhappiness.” I’ve had plentiful funds, and I’ve struggled paycheck to paycheck, and I can say first hand, there is wisdom in that line. It’s definitely more fun to have than to have not.
I wonder if they are single…