What would you do if you won $47 Million?

[TheFreeze]

In many cases you can contact a bank and make arrangements to have the winnings placed in a trust. A bank officer can then be assigned to claim the prize on behalf of an unnamed client.

But I'll play along and pretend I couldn't remain anonymous for whatever reason. I'd be more paranoid with leaving the country than staying put. I'd go to the best hotel in town, have my best friend pretend to be my lawyer, manservant etc. and explain to the hotel manager that his very important and rich client required the utmost security and privacy. I'd spend the next few days in their presidential suite only leaving to be wined and dined by financial institutions begging to manage my money.

When I got that all squared away, I'd make sure my parents and siblings never have to work another day in their lives unless they want to. Then I'd start partying baller style.

[prohornblower]

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I'd go to the best hotel in town, have my best friend pretend to be my lawyer, manservant etc. and explain to the hotel manager that his very important and rich client required the utmost security and privacy.

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This is far worse than anything I've said. How this doesn't get flamed is beyond me! [img]/images/graemlins/confused.gif[/img]

Sidenote: Strangely, there was a show on I think VH1 last night about celebrities blowing huge wads of cash. MC Hammer chimed in at #2 while blowing (strangely enough) $47MM (when he was only worth $33MM), in 6 years from 1990 to 1996. They said at one point he had 250 "friends" working for him.

I seriously think everyone is greatly underestimating how giving money to your friends could drastically backfire. I'd be much more inclined to spend money on my buds in the form of me calling them up and inviting them out to a club room at the basketball game and things like that. Just sporadic adventures and stuff, like group skydiving, paintball...whatever. Stuff that can be costly, but I'd pay for it all. Just straight up giving your friends money can lead to huge problems.

And earlier there was a guy who said he'd "pick his 5 closest friends" and spend $300K on each of them. I simply asked him if he understood how righteously pi.ssed off his 6th closest friend would be, and he never replied. Strange.
Think about getting married, and asking 5 buddies to be gooomsmen, and 2 "lesser friends" to be ushers. That gesture alone can be dicey. Now imagine giving the 5 groomsmen $300K each and giving the ushers nothing.

[wiper]

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I'd be much more inclined to spend money on my buds in the form of me calling them up and inviting them out to a club room at the basketball game and things like that. Just sporadic adventures and stuff, like group skydiving, paintball...whatever. Stuff that can be costly, but I'd pay for it all. Just straight up giving your friends money can lead to huge problems.



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you're about where i am...

i'd spend a month or two getting everything in order...lawyers, investments, etc...

then, i'd let everyone that i'm close with know about the vacation i'm taking them all on. 1 month, doesn't matter where. i'm paying for everything, plane tickets, lodging, entertainment, expenses, hell, i'm paying for the time off from your job...

we'll rent villas somewhere, or the entire top 3 floors of a 5-star hotel.

on the last day, i will inform them that i am starting a trust fund for their kids' college.

then, i let them know that any further money spent on them (or given to them) will be done at MY discretion.

[BeaucoupFish]

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MC Hammer chimed in at #2 while blowing (strangely enough) $47MM (when he was only worth $33MM), in 6 years from 1990 to 1996

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Who was #1?

Bill Gates' daughter is famously not being left much money when Bill finally blue-screens. Is this good for her? Or bad?

[TheFreeze]

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I'd go to the best hotel in town, have my best friend pretend to be my lawyer, manservant etc. and explain to the hotel manager that his very important and rich client required the utmost security and privacy.

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This is far worse than anything I've said. How this doesn't get flamed is beyond me! [img]/images/graemlins/confused.gif[/img]

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You've got to be kidding. Get a sense of humor. We're all bs'ing over a hypothetical that in all likelihood no one replying will ever have to deal with so have some fun and stop being so serious.

I'm not sure what part of my reply offends you. Many people require anonymity and hotel managers in the best hotels where these people would be staying are used to dealing with it. CEO's and other executives, wealthy people, celebrities, etc. all do this. They have someone else make their reservation and probably check-in under an assumed name. Hey, I'd be perfectly happy staying in the econo lodge but according to your own scenario my name is plastered all over the media so I'd need a place/room to stay that was isolated, private and secure.

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Bill Gates' daughter is famously not being left much money when Bill finally blue-screens.

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The same for Warren Buffet's children and grandchildren. He paid for all his grandchildrens' educations. Any school they wanted I believe but that was it.