propilot83
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What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:08 am

You know how much $8 billion dollars is? Well if you had that much money and you spent $10,000 a day, it would take you 2,000 years to spend it all. If I had $8 billion dollars, I would first take care of my immediate family members, then relatives, etc. Then I would go to all corners of the globe (world) and help the poor people who are suffering not just by hunger, but by wealth and a standard quality of life. I wouldnt just donate the money, I would personally hire people to build homes, schools, hospitals, roads, airports and other industries to help the poor rise like angels. From the beginning of humanity, it was never about money, fame, and fortune are worth less than a grain of sand. What only matters in life is God, Family, and Love, and the rest is taken care of. What would you do with $8 billion?
 
YYZflyer
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:30 am

I would enjoy spending it.  yes 

-Go to HMV and buy every CD they have that I want.
-Attend every concert I could ever want to go to, no matter where it is in the world I would be there.
-Buy multiple trips to space
-Fly everywhere first class
-Also buy my own private 777-300ER and A380-900
-Restore a Concorde to flight


And whatever other stupid random things I can think of because I know I'll probably never run out.  bigthumbsup 
Avoid hangovers, stay drunk.
 
af773atmsp
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:31 am

Order a VIP A380, Concorde, and DC-10 and fly all around the world. Expand my house and add a lot of cool stuff to it. Donate 2 billion to charities. Go to a very nice college to get a good education and when I'm older I would start a world class airline based at MSP with a fleet of C Series and A350s. And lots of other stuff I could burn tons of cash on.

[Edited 2009-08-02 18:35:59]
It ain't no normal MD80 its a Super 80!
 
Phoenix9
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:39 am



Quoting Propilot83 (Thread starter):
From the beginning of humanity, it was never about money, fame, and fortune are worth less than a grain of sand.

Not quite true. Great wars have been fought throughout history just for money/fame/fortune in form of land, control and prestige.....and tribes through even earlier history have fought over crops, animals and women.

Quoting Propilot83 (Thread starter):
What would you do with $8 billion?

- spend money as I wish. Could be on anything.
Life only makes sense when you look at it backwards.
 
boeingfever777
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:49 am



Quoting Propilot83 (Thread starter):
I would personally hire people to build homes, schools, hospitals, roads, airports and other industries to help the poor

Pretty sure that is what United Way & Habitat For Humanity International does.
Faire du ciel le plus bel endroit de la terre.
 
ArmitageShanks
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:02 am

I would create a charity and donate a few billion.

The rest I would spend on my family and friends and just live a ridiculous over the top life. Oh, and I'd probably buy a lot of art and historical pieces and just destroy them.

[Edited 2009-08-02 19:03:08]
 
NIKV69
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:03 am

Buy as much land as possible and then go to Mandalay Bay and find some nice schoolgirls to come up to my room and rearrange my sock drawer.
Hey that guy with the private jet can bail us out! Why? HE CAN AFFORD IT!
 
Zuluaviator994
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:20 am

Give it to Boeing to make sure the 787 flies!
Duh Big grin
If Speed is life, Altitude is life insurance. No one has ever collided with the sky.
 
Phoenix9
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:26 am



Quoting ZuluAviator994 (Reply 8):
Give it to Boeing to make sure the 787 flies!

Body shot dude! Body shot!  bigthumbsup 
Life only makes sense when you look at it backwards.
 
Phoenix9
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:30 am

SInce I can't edit the other reply, here's one thing I'd definitely buy:

- A large busy airport with international flight e.g. YYZ or JFK or LHR and then build a my living quarters above the control tower. That way I have the best view for most of the airport area (well the one that matters anyways). Oh, and I would be allowed too drag race Ferrari enzo and the like on the runways at the low activity times.
Life only makes sense when you look at it backwards.
 
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LTU932
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:37 am

With 8 billion dollars, I'd probably retire for the rest of my life, enjoying the good life and leaving enough behind for my family. I'd probably avoid doing anything extravagant.
 
SpeedBirdA380
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:57 am

After doing lots of charitable things etc....I would start my own airline dedicated to aviation lovers and I would restore and buy as many classic aircraft as possible for my airlines fleet.

Instead of just the basic moving map available on personal TV screens you would instead get a full flightplan with runway and SID/STAR departures,waypoints etc.... and a tour of the cockpit upon request!


I know it would be impratical but still....perhaps it could work,especially if you had a shed load of money to throw at it!

[Edited 2009-08-02 19:57:49]
 
photopilot
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 3:52 am

I'd buy the Airliner's Net website and SCREEN my own photos!!! Big grin
 
Flighty
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 3:57 am

Probably give it away. More money wouldn't make me any happier.
 
Phoenix9
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 4:27 am



Quoting Flighty (Reply 14):
Probably give it away.

Call me when you are about to do that....I'll gladly take it off your hands Big grin
Life only makes sense when you look at it backwards.
 
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ManuCH
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:22 am



Quoting Flighty (Reply 14):
More money wouldn't make me any happier.

But it certainly helps Big grin

With $8B, I probably would
- start my own airline
- make sure my local airport doesn't close because of lack of traffic
- buy a house in every major city I like (I'd start from NYC)
- buy the company I work for and make the competition's life harder thanks to the money we could then invest in marketing

Quoting Propilot83 (Thread starter):
What only matters in life is God, Family, and Love, and the rest is taken care of.

These are your priorities, and you start a topic about money?  Silly
Never trust a statistic you didn't fake yourself
 
TSS
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:27 am

After donating to several charities and setting aside enough cash that I'd never have to work again, I'd re-start Reno Air beginning with paid-for-in-cash second-hand MD-80s and progressing to CSeries once they enter production.
Able to kill active threads stone dead with a single post!
 
AirframeAS
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:35 am



Quoting Propilot83 (Thread starter):
What Would You Do With $8 Billion?

I'd give it to F9 so that they can emerge from bankruptcy as a stand alone carrier!
A Safe Flight Begins With Quality Maintenance On The Ground.
 
yooyoo
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:59 am

I would purchase Toronto Maple Leafs Sports & Entertainment.
...several homes throughout the world
...Several aircraft after i get my PPL
....and of course give a lot of it away to family and charities
I am so smart, i am so smart... S-M-R-T... i mean S-M-A-R-T
 
TSS
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 6:13 am



Quoting AirframeAS (Reply 18):
I'd give it to F9 so that they can emerge from bankruptcy as a stand alone carrier!

Don't you mean you'd buy a controlling interest in F9 so that you could be sure they'd emerge from bankruptcy as a stand-alone carrier?  Wink

I did give serious theoretical thought to doing this myself (in the context of this thread, anyway), but F9 serves neither my home airport (BHM) nor my adopted home airport (RNO), so I have zero experience flying with them. On the other hand, I suppose if I bought a controlling interest in the airline I could persuade F9 to begin serving both BHM and RNOBig grin
Able to kill active threads stone dead with a single post!
 
MadameConcorde
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 7:22 am

What Would You Do With $8 Billion?

Two things.

First and foremost and before anything else, I would make sure to get me a trip to the Internatinal Space Station and spend some time up there as a paying visitor before they get it scrapped in 2016. I would leave it up to NASA on how long I would be allowed to stay and would pay the asked price. I think the last visitor paid $30 Million for his trip to the ISS so I suppose it will cost me a bit more than this, let's say $35M.

Number 2. I would pay all the money it takes to return a British Airways Concorde to full flying condition. I would leave it to a panel of experts in the UK which Concorde would be more appropriate to return to flight. The fully restored aircraft would exclusively be used to fly during Air Shows and training flights. I would make sure there are enough spare parts to keep her flying in good condition for as long as possible, 50 years or more. British Airways and Singapore Airlines would have exclusive shared rights on the flying Concorde and maintenance after she is returned to flight. She would wear the Singapore Airilnes livery on one side and the British Airways livery on the other side and retain her original registration.

Wtth whatever leftover money I will buy myself a small place in Singapore and another small place in the UK near where the flying Concorde will reside so I can see her flying as much as possible until my last day.

 airplane   cloudnine   airplane 
There was a better way to fly it was called Concorde
 
OHLHD
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:14 am



Quoting Propilot83 (Thread starter):
What only matters in life is God, Family, and Love,

So your last topic about god etc disappeard and now you start this stuff again? Will we get more of those God, Love and Family things from you? How about an Ultimate thread.  Yeah sure
 
airtrainer
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:56 am



Quoting ManuCH (Reply 16):
buy a house in every major city I like (I'd start from NYC)

 checkmark 

Then among a lot of things that would come to mind I would also...
-give a lot to my mother, close family and friends.
-travel again and again, everywhere.
-stop working.
-buy parts of my company and share the benefits with employees.
-give to charity and research organizations.
-take photography courses.

Oh, I guess I would have a lot of friends by then  Wink
Life is short : eat dessert first !
 
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KLASM83
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 9:11 am



Quoting Phoenix9 (Reply 7):
Are you related to Pedo Bear??

Just when you think a meme has disappeared Big grin. What, was this the over 9000th time it's popped up for me now?

Anyway, I would donate, donate, donate, then spend on my self, family and friends.

Some specifics:
-Buy a personal fleet of airplanes ranging from the Cessna 172 and Piper Warrior all the way up to the 77W.
-Start an airline. Why not?
-Buy Amtrak, and retool some things, and get some things back in oreder (transcontinental Sunset Limited!)
-Find a way to reunite the people at Rifftrax and Cinimatic Titanic to make MST3K again.
-Build a Las Vegas Casino and be all Steve Winn about it.
-Donate $ to things so I can name buildings and structures to my whim.
-Build an secret Underground Lair from where I can hold the Earth hostage for One Million Dollars
-Buy all the abandoned missile silos in North Dakota and fill them with flax for the future.
-Establish an umbrella cooperation for all this to run under.

That's all I can think of, right now.
Don't you want to hang out and waste your life with us?
 
dragon6172
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 9:26 am

Wipe my ass with 100's.
Phrogs Phorever
 
bill142
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 9:45 am

Retire to the bahamas.


 
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ManuCH
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 11:51 am



Quoting OHLHD (Reply 22):
So your last topic about god etc disappeard and now you start this stuff again? Will we get more of those God, Love and Family things from you? How about an Ultimate thread.  

My thoughts exactly...
Never trust a statistic you didn't fake yourself
 
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CrimsonNL
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 12:20 pm

Put enough of it in the bank, so that I can pay my daily expenses by the interest alone. I'd buy my own place somewhere in Colorado, or Canada/Alaska. With my own airfrield next door. The first plane I'd buy would be a C-182RG II, followed by a C-47, B-17 and a whole lot more!

I'd spent my remaining years sponsoring aviation museums and organizations dedicated to restoring and and flying classic aircraft. Also my family wouldn't have anything to worry about anymore!
Always comparing your flown types list with mine
 
Qantasistheway
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 12:45 pm

Here are just a few things I would do:

-Buy property in cities around the world (Sydney, Hong Kong, London, Hamburg, New York, LA, possibly Rio and also an Island somewhere in the South Pacific) which all together could take around 500M)
-Buy a range of different cars for each city
-A private jet, either an A380 or just an A318 depending on a long term cost analysis.
-Buy a lower league football club in England to build up and attempt to get to higher leagues by investing in new player ans facilities (similar to what has happened to QPR)
-Keep enough in the bank to live off of for the rest of my life.
-Donate a large amount of the remaining money.
 
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AirPacific747
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:39 pm

I would of course help family and friends, but not help the friends too much or they might just be there only because of the money.

Then just enjoy life, buy a luxury apartment, buy some nice cars, and a Global Express & 747 and travel the world.
I wouldn't retire, that would be way too boring! I would still try to become an airline pilot but just do the flights which I thought were interesting. I would fly the 747 myself and hire a friend as my co-pilot and just have fun.

I'd also like to buy a Spitfire and a Messerschmitt and make dogfights in the air also with friends. That would be really awesome Big grin

Other than that, donate a lot to charity as well.
 
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Aaron747
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:42 pm



Quoting MadameConcorde (Reply 21):

First and foremost and before anything else, I would make sure to get me a trip to the Internatinal Space Station and spend some time up there as a paying visitor before they get it scrapped in 2016. I would leave it up to NASA on how long I would be allowed to stay and would pay the asked price. I think the last visitor paid $30 Million for his trip to the ISS so I suppose it will cost me a bit more than this, let's say $35M.

You might be better advised to make a significant investment in Virgin Galactic and make sure as their newest member of the board of directors, you have first dibs on any spaceflight of your choice. Nothing against the Russians, but after 2010 the only way to ISS will be on a Soyuz, and you couldn't pay me to get aboard one of those.
If you need someone to blame / throw a rock in the air / you'll hit someone guilty
 
TristarAtLCA
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:44 pm

I wouldn't buy an airline or GM  Big grin
If you was right..................I'd agree with you
 
flymia
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 1:53 pm

8 Billion now that is some cash. First I would basically buy things I have wanted and or close family members have wanted also maybe give a few hundred thousand to some friends. Buy some new cars make a nice home built simulator a 737 and 777, Porsche Cayenne Turbo would be the first thing off the lot, I would buy a nice boat. I would than start working on my pilot's license and once I had a PPL I would get TBM-800 and the more hours and ratings the better the plane up to a G-IV or maybe a BBJ. I would probably invest at least 80 million in stocks and bonds and play around in the stock market. Hey who cares if I lose 20 million. I would buy real estate in New York, LA, DC, Some Pacific Island, Caribbean,. Argentina, London. Buy myself a nice waterfront home in Miami. I would also give at least 100 million to charity. Probably some children charity and NLEOMF. After college I would just travel the world on my G-IV. Once I turned 30 I would start to try to run for public office. Also donate some money to have some things named after me, probably at my University.
"It was just four of us on the flight deck, trying to do our job" (Captain Al Haynes)
 
NIKV69
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 2:49 pm



Quoting Phoenix9 (Reply 7):
Are you related to Pedo Bear??

Nahh, by "School" I meant college.  biggrin  Or a girl who is dressed like one.  crazy 

Quoting Photopilot (Reply 13):
I'd buy the Airliner's Net website and SCREEN my own photos!!!

Hey accept mine too!
Hey that guy with the private jet can bail us out! Why? HE CAN AFFORD IT!
 
michlis
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 3:02 pm



Quoting Propilot83 (Thread starter):
What would you do with $8 billion?

Change my phone number.  Smile
If you know the enemy and know yourself, you need not fear the outcome of a hundred battles.
 
MadameConcorde
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 3:42 pm



Quoting Aaron747 (Reply 31):
Nothing against the Russians, but after 2010 the only way to ISS will be on a Soyuz, and you couldn't pay me to get aboard one of those.

My original idea was always to make the trip to the ISS and back on one of the Soyuz crafts. The ISS is to dear and too rare now to take private visitors to the ISS.

They have ended this as they have too few missions left to take astronauts other than the offiicial crews which I think is normal as the flights will end in 2011 at the latest. With the economic downturn I doubt the US Government will extend the Suttle missions to after 2011 unfortunately. I will miss them dearly after they get retired.

I have no interest for Virgin Galactic. This is for the wannabes. There will be more advanced projects coming up soon like EADS Astrium but they will never be real Space travel.

The Real Thing is Soyuz and the ISS so there is no doubt that would I have the $ 8 Billion my first money spent would be on genuine Space Travel from Baikonur to the ISS and back to Khazakstan.

The dream Space Flight would be to add an EVA to it but I will be just as happy without it as it is only reserved for the Pros.  airplane   yes   airplane 
There was a better way to fly it was called Concorde
 
iairallie
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 4:57 pm



Quoting Flighty (Reply 14):
More money wouldn't make me any happier.

Agreed, once you have enough to meet your needs and provide you with modest safety cushion the extra isn't going to buy you happiness. I know some very wealthy people and some fairly poor people and there are happy and miserable people in both those catagories.
Enough about flying lets talk about me!
 
FlyDeltaJets87
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:15 pm



Quoting Flighty (Reply 14):
Probably give it away. More money wouldn't make me any happier.

Money doesn't buy happiness. Money buys the things that brings happiness.  biggrin 

Let's see. What would I buy?

My own Delta Airlines Boeing 767-400, in the Deltaflot livery, with a custom interior.
Two F-15D Eagles and the training to go with them, including formation flying and air-to-air refueling.
A Ferrari F1
Season Tickets to the New York Giants
Donate a decent chunk to St. Jude's Children's Hospital
Donate some more to the Republican party.
Use my F-15 to make weekend trips to Cedar Point

I would then use the rest of the money to pay for fuel to fly my 767-400 around the world. In terms who I would "take care of" with the money, it'd be people who are friends now or family that I keep in touch with fairly regularly already. I wouldn't buy any of this "coming out of the woodwork" crap to all of the sudden try to milk me for money.


Quoting Propilot83 (Thread starter):
What only matters in life is God, Family, and Love, and the rest is taken care of.

I know I can't take any of my earthly possessions with me, but I'm going to enjoy them while I'm down here.  yes 
"Let's Roll"- Todd Beamer, United Airlines Flight 93, Sept. 11, 2001
 
TSS
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:31 pm



Quoting KLASM83 (Reply 24):
-Build a Las Vegas Casino and be all Steve Winn about it.

Tempting, very tempting... but I'd rather buy an existing casino, specifically the currently-closed Fitzgerald's in Reno (I'm sure Robert Cashell Jr. could use the cash right now since the bottom dropped out of the condo market just as his other casino-to-condominium conversion projects have reached maturity), expand it to include the former Prima Donna casino next door (closed for several years and also owned by Mr. Cashell Jr.), and open it as an inexpensive, fun place to gamble and have a good time without the stuffy pretension so common in current Las Vegas casinos. Not that I've given this much thought or anything.  Wink

Quoting Qantasistheway (Reply 29):
-A private jet, either an A380 or just an A318 depending on a long term cost analysis.

A very wise and extremely rich man (one of the Rockefellers, I believe) once said that airplanes, boats, and mistresses are alike in that they're all much cheaper to rent as needed rather than owning them outright and having to maintain them whether they're in use or not. Big grin
Able to kill active threads stone dead with a single post!
 
MSNDC9
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:31 pm



Quoting Propilot83 (Thread starter):
You know how much $8 billion dollars is? Well if you had that much money and you spent $10,000 a day, it would take you 2,000 years to spend it all. If I had $8 billion dollars, I would first take care of my immediate family members, then relatives, etc.

It would take you less than a minute to spend about 46% of it by writing a check to the government in the form of taxes. Now start over. You have $4.32 Billion.

Sobering isn't it.
 
michlis
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:34 pm



Quoting MSNDC9 (Reply 40):
It would take you less than a minute to spend about 46% of it by writing a check to the government in the form of taxes. Now start over. You have $4.32 Billion.

Not if you have a good tax planner!  bigthumbsup 
If you know the enemy and know yourself, you need not fear the outcome of a hundred battles.
 
AirframeAS
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:37 pm



Quoting TSS (Reply 20):
Don't you mean you'd buy a controlling interest in F9 so that you could be sure they'd emerge from bankruptcy as a stand-alone carrier?  Wink

YES! Now that you mention it!  Smile
A Safe Flight Begins With Quality Maintenance On The Ground.
 
Daleaholic
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 5:54 pm



Quoting Propilot83 (Thread starter):
What Would You Do With $8 Billion?

Drink... Lots....  drunk 
Religion is an illusion of childhood... Outgrown under proper education.
 
September11
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 7:24 pm

I'd build a really cool private residential school for K-12 graders.
Airliners.net of the Future
 
MSYtristar
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 7:29 pm



Quoting KLASM83 (Reply 24):
-Buy Amtrak, and retool some things, and get some things back in oreder (transcontinental Sunset Limited!)

Nice to see another Sunset Limited fan out there!  bigthumbsup 
 
ShyFlyer
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 7:48 pm

The first thing I'd do is not tell anyone. Imagine how many "friends" you'd suddenly have. Also, imagine how big of a target on your back you'd be walking around with should people know how much money you have.

Now, with that out of the way, I'd then hire an attorney and a financial planner. $8 Billion can get one into a lot of trouble very quickly.

Next item on the list: family. They've supported me quite a bit, and it would be only fair to return the favor.

After that, there are a few causes I'd like to support and I'd give them generous contributions, provided I could do so anonymously.

Then, lastly, I'd enjoy life. Nothing extravagant, so no bizjets nor private airliners for me. I'd travel for sure, but my habits largely wouldn't change. I would even keep a job (though not the one I currently have).
I lift things up and put them down.
 
MadameConcorde
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RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:16 pm



Quoting ShyFlyer (Reply 46):
The first thing I'd do is not tell anyone. Imagine how many "friends" you'd suddenly have

This is very clever. I would do the same if I had the $8 Billion.
I would remain as anonymous as possible. I would not want to be talked about.
Even I would keep the Space Flight as quiet as possible.
There was a better way to fly it was called Concorde
 
GAIsweetGAI
Posts: 887
Joined: Wed Jul 19, 2006 5:19 am

RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:22 pm



Quoting ShyFlyer (Reply 46):
I'd then hire an attorney and a financial planner. $8 Billion can get one into a lot of trouble very quickly.

And your attorney/financial planner can easily ... relieve you of that trouble.  Wink


What would I do? Let's see...
Secure a spot at the MIT (and then, of course, find a job I can enjoy)
Buy myself a plane or 3 - nothing too big, "just" something like a Twotter, Dash 8, F-14 et al
Enjoy life
Buy a house and get a pipe organ installed

I think that's about it.
"There is an art, or rather a knack to flying. The knack lies in learning how to throw yourself at the ground and miss."
 
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Pellegrine
Posts: 1828
Joined: Thu Mar 29, 2007 10:19 am

RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:38 pm

$8bn = not that much

- $1bn to my foundation/think tank for local and global charitable causes and social issues which I deem appropriate (fixing craptacious public schools in my city of DC, issues of homelessness, mental & sexual health, scholarships and aid for disadvantaged students, activity programs for youth, mentoring opportunities, world hunger, medicine for disadvantaged, studying the scourges of society, etc.)

- ~$300-500m Aircraft: Used 747-400, Used A340-200/300, New G650

- ~$200m Property: NYC duplex in the sky, London townhouse, something in the south of Argentina, Amsterdam townhome on a lovely canal, something in the Caribe possibly on Anguilla, and a chateaux near Geneva (my favorite city).

- ~$50m Miscellaneous for travel, shopping, food, gifts for the first year.

- The balance, $6bn, I'd invest through a private offshore bank. Actually I'd probably split management between a big conglomerate like UBS and a private bank that I would found just for myself in any number of offshore jurisdictions. I could make 10%pa with decently low risk. That's $600m a year in interest.

I'd probably change citizenships to a country more amenable to my situation with lesser (or no) taxes.
oh boy, here we go!!!
 
FlyDeltaJets87
Posts: 4479
Joined: Fri Aug 11, 2006 3:51 am

RE: What Would You Do With $8 Billion?

Mon Aug 03, 2009 8:50 pm



Quoting ShyFlyer (Reply 46):
The first thing I'd do is not tell anyone. Imagine how many "friends" you'd suddenly have. Also, imagine how big of a target on your back you'd be walking around with should people know how much money you have.

I think you'd just have to analyze and know who your true friends are now while you don't have an $8 billion bank account, and then keep it that way. I've thought about this even if I just become a millionaire in the decades ahead, never mind a multi-billionaire. Not that I expect to make millions on the current career path but you never know what options might pop up in the future.

One thing I'd buy is a membership at Augusta National Golf Club.  yes 

Quoting Pellegrine (Reply 49):
Used A340-200/300

At least get an A340-500 or 600. If you get an A340-300, all you'll ever do is taxi.

Quoting Pellegrine (Reply 49):
$8bn = not that much

Depends on what you're investing it in. Some have mentioned putting it in an airline and then no, it's not that much. The airlines today have been known to lose billions in one quarter.

But if you keep it to yourself, spend it wisely it's plenty. One thing people don't realize is that if you get $8 billion all at once, you can't live on a several hundred million dollar a year lifestyle because you don't have an income source that will allow that $8 billion to continue to grow at the rate equivalent to what you're spending it at. But if you limit your living expenses to a few million a year, $8 billion, plus the interest you'd collect on it per year, would suffice.
"Let's Roll"- Todd Beamer, United Airlines Flight 93, Sept. 11, 2001

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