Nonsense. What the hell would you do with 1B? Give it to charities maybe. Maybe set up an investment where dividends are paid to charity. Running out of ideas
Nonsense. What the hell would you do with 1B? Give it to charities maybe. Maybe set up an investment where dividends are paid to charity. Running out of ideas
Set up a nice investment vehicle with maybe 400m so I can get 1.6m in dividends a year which would be better enough to comfortably travel the world, have a private chef, someone who organized travel so I don't have to..
A nice 12 person yacht on the Mediterranean is 400k eur for 2 weeks (with staff) so I'd realize it's not enough and invest the rest so I could get comfy.
Along the way help friends and family, pay off mortgages, usually good stuff.
It's not that hard to spend 4% a year of that.
I'd finally feel financially secure
Really?
If anything less than $1B isn't enough then it is never enough. $1B is the new $100M thanks to ongoing currency debasement.
Also, there is something called "taxes" which is what makes anyone who has millions or billions to want even more money and the IRS will still come after you anywhere in the world.
Otherwise they have to renounce their citizenship and move to a tax haven.
I'm not in the US, so I don't care about the IRS.
Tax wise at this level there are very tax efficient vehicles available.
There are a lot of greedy people thinking everyone would die for a bullion. They couldn’t comprehend another way of thinking due to narrow mindset
You've run out of ideas already? Try harder! What charities? Why? How much, to which ones? How involved with those charities are you going to be? What dent in history are you going to make with that billion? With or without your name attached. Build housing, cure cancer, feed the hungry, buy this simulator https://www.1940airterminal.org/news/liquidation-of-simulato...
Completely missing the other costs associated with any of these things. If money was enough to “feed the hungry” Musk or Gates would have already done it. The real problem is systemic injustice, like governments stealing foreign aid that’s meant to go to the poor. Money can’t always solve these.
Time is more valuable than money and unless you have tons of time and space that simulator is just an expensive paperweight.
My point was that there isn't anything I could do with that money, and neither can the vast majority of people in the world. So I would immediately try to pass it on to people who have better use for it
Wishing for 1B is completely nonsensical if you understand what kind of money that is.
Perhaps the commenter would just like to lead a contented life without having to bother with all of that
Didn’t even buy a Yacht or a Warhol yet.