If Bill Gates gave you 7 billion dollars what would you buy with it?

5 Million in the bank living off the interest. 1 million to everyone in my family. All the rest to charity.
 
Pied Piper said:
look at how many athletes and rappers go broke.

it can happen.


heres a list of them
https://www.forbes.com/sites/derekx...stanford-fortunes-lost-rebounds/#15dc01f3111d
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As is often the case with Forbes, when you try to link to a particular article, it takes you somewhere else. The link takes me to an article about a hedge wall. I scrolled down and I only see a list of those who dropped out of the Fortune 400. Ironically enough, their drop in wealth was due exclusively to the drop in stock prices.

I searched for billionaires who have gone broke and found the article you tried to link to. In almost every case, the people listed had net worth based on stock prices and lost money when the companies became worthless. Allen Stanford
was the exception as his money was made in the second largest Ponzi scheme in history through an investment group MANAGING STOCKS FOR THE GULLIBLE and stealing their money.


 
Pied Piper said:
easy to say that you won't buy trivial bullshit when you don't have the money for it
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If you don't have the discipline, put yourself on an allowance. You can set up an account that limits the amount you can draw from it. As I posted earlier, you could get 1% interest, withdraw $6 million a month and never touch the principle.
 
Pied Piper said:
never know what can happen also. no billionaire has all of their assets just in a fucking savings account. but what should I expect from sherdoggers
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Billionaires are often rich on paper. They own stock which is given a market value by people who want to purchase it. If something goes wrong with the company, nobody wants to buy stock, everybody wants to sell and it becomes worthless.

A short year ago, Elizabeth Holmes had a “unicorn” in her blood-testing technology company, Theranos. The term, used to refer to private companies valued at $1 billion or more, was once the stuff of myths and fables when it came to technology-based startups. Yet with a fortune based solely on her 50% stake in the company, Holmes rode to the top of Forbes’ list of America’s Richest Self-Made Women in 2015 with a net worth of $4.5 billion, thanks to investors who were doing the bidding.

Her fairy tale, however, seems to have taken a dark turn. In the latest chapter in an increasingly disturbing saga, Forbes lowered our estimate of her wealth to nothing amid allegations of inaccuracy in its tests and a litany of federal investigations into its practices.
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Honestly, I'd try to put it all in the bank and do it quietly. I'd try not to spend more than $2M of it (house, college for kids, and a few trips). Money changes people, and I wouldn't want every asshole I ever met hitting me up for money. I'd set up a trust that my kids couldn't access until age 35, and I'd let the money pile up through interest and investments. Just try to live a nice, normal life.
 
SammyPops said:
What about 1/2 of Sherdog?

I'd buy a winery in Tuscany and a Vegas strip casino, maybe Planet Hollywood or the linq
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I can't see 7B buying more than 20-25% of this forum.
 
I pay committed married couples to cuck the wife, while the husband watched.
 
Protectandserve said:
I can't even comprehend what having that kind of money would be like.
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Most people can't. Remember the movie Brewster's Millions where a man is given the choice of inheriting $1million or spend $30 million in 30 days to inherit $300 million. He had to own nothing at the end of the 30 days but couldn't just give it away. He had to spend it. That was in 1985.
 
TheWorm said:
Not in Canada.

Must suck to be American sometimes. You have gift tax, estate tax, lottery tax. We don't have any of that. If a lotto jack pot is $10 million you get $10 million. If your rich uncle leaves you $10 million in his will you get $10 million.

If Bill Gates gives you a gift of $7 billion, you get $7 billion.
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I've been bitching for as long as I can remember about how much I hate the US lottery system. They rape you six ways from Sunday before you get your winnings. You're left with a fraction of what they advertised. The way Canada does is how I've always wished it was here in America.

Btw, do Canadian lotteries get as big as US lotteries? Do you ever see $500+ million jackpots?

Otherwise, yeah, US is pretty shit when it comes to taxing the fuck out of you for every little thing.
 
ralphc1 said:
If you don't have the discipline, put yourself on an allowance. You can set up an account that limits the amount you can draw from it. As I posted earlier, you could get 1% interest, withdraw $6 million a month and never touch the principle.
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Smart Investement is wise. To say otherwise is ignorant. I cant believe you quoted me 3 times over this trivial and hypothetical situation. Id invest in stocks, real estate, and a government bond with the majority of my money. Id live a nice and fun life with a million at a time. Stop being upset that i want to invest my money its almost creepy
 
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