Powerball Fever: What would you do with 425 Million $$$?

Question

In case you haven't heard, The PB jackpot for Wednesday 11-28-12 is an astounding 425 Million Big Ones!

That being said, I would spend it as such: 

First & Foremost, I would head to the nearest airport with my closest friends & family members in tow, en route to a remote INTERNATIONAL island!

Secondly, upon my arrival back to the US, I would hire two of each:  Attorneys, Doctors, Therapists, Accountants & PR Specialists! 

Lastly, I would go on a $3 Million $$$$ shopping spree with those same closest friends & family members!  The first thing I would buy for me personally, would be a 2013 Lexus RX 450h!

There you have it!

Now, it's your turn, what would you possibly do with that amount of dough/bread/cheddar/moolah, etc?

Tell me your thoughts.

Penny · Accepted Answer

I would seek out the advice of a financial adviser, set up a "trust" and have the jackpot claimed by the "trust".  No one can find out who won it if you do it this way.   I would then pay the proper taxes and discuss the proper way in which to spend it.. invest and live off of the interest.  Probably transfer funds around in order to receive the largest interest which I can receive.
I would do like other wealthy people do--set up tax shelter, off shore accounts, things like that....
If you invest and do the right thing...your millions will turn into billions, so on and so forth.

Anonymous · Answer

I will take 5 million and the rest of the money I will give it to someone else.

Alison · Answer

I live in CA. We can't participate so I guess we're too rich here to care.

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Powerball Fever: What would you do with 425 Million $$$?

3 Answers