How do you spend £143 Million?

[Fleckers]

I would put £10 million in single trust for each of the kids, when they hit 25 they get £5 million then at 35 the other £5 million

when the youngest hits 35 all the interest gets split up and shared between the 6 of them.

with the 65 million left over

house, cars holiday homes, nothing bonkers just very nice

then sort out family and friends

then make a few zoos and WWF very happy, including some more armed men I pay to shot poachers of Elephants and Rhino's and other endangered animals

then live on the rest and enjoy life

[David87]

We were talking about this at work the other day. Basically, life plans varied from not much changing, to going fully Wolf of Wall Street.

[Chris Hinds]

A few interesting ideas here and not necessarily bad, but for me it would be, finding a 2-3 acre plot of land where I wanted it and building the exact house I want on that land. Not a wild house with many rooms, but a nice one with the features my wife and I would like to have - mainly space in each room and a place where she could have a grand piano. I'd like the house to be traditional in appearance but energy efficient and well insulated. Not keen on swimming pools and gyms so those are out of scope as would a cinema room, though the audio in the house would be top notch throughout.

Decent range of 4-5 cars and invest enough to give an annual income of about £50k net.

Now take the amount the above cost and same to all siblings, parents, aunts, uncles and friends we have known for 5+ years. That I guess would leave about £120m.

This would be set up in a trust and then donated to various charities until all gone. Involvement with each charity would be necessary before a donation would occur to ensure it would be spent reasonably.

• Dogs Trust
• Cancer Research
• Royal British Legion
• Help for Heroes
• National Trust
• Vulcan to the Sky
• Just Jane
• Water Aid
• WWF
• Shuttleworth Collection

I'd be happy to be well off and well thought of for doing the right thing than stinking rich and with people trying to leech the money, I'd rather it went to causes I believe in.

[dtmpower]

Chris Hinds said:

Decent range of 4-5 cars and invest enough to give an annual income of about £50k net.

Less than a £1k per week! bills, food, entertaining, holidays, clothing, healthcare/medical, car expenses, fuel, house maintenance could easily swallow up all of that without being extravagant.

[Countdown]

Alex said:

ZOLLAR said:

I think that would be the biggest excitement, buying things for friends and family.
No point in being that wealthy if you can't change other peoples lives.

Sounds nice in theory, but they won't appreciate it in the long run and will end up resenting you.

Why would they resent you? As long as you weren't rubbing your wealth in their face or expecting them to be eternally grateful?

[Alex]

Countdown said:

Why would they resent you? As long as you weren't rubbing your wealth in their face or expecting them to be eternally grateful?

Because they'd eventually have to go back to work, while you'd still be swanning around in your yacht/Lambo.

[Jasandjules]

Alex said:

Because they'd eventually have to go back to work, while you'd still be swanning around in your yacht/Lambo.

Why would they have to back to work? They would all be given enough money to never have to work again if they wished..

[Justices]

250 GTO. 3 times. Hope for change enough to fill them up a few times.

That's how ridiculous it has all become.

[Jam Spavlin]

I think I'd set up a museum of sorts (read as big collection of random machinery) and fill it with as many working aircraft, locomotives, cars, bikes, trucks, busses, military machinery as I could legally be allowed to fly/drive/ride/fire/use. Also my home would have to be in the grounds, I'd like to have an underground bunker fully set up for the end of days but with a modest house on the surface so I could pass off as the museum's caretaker!

[Alex]

Keep dreaming people, the £150m winner is from Portugal.

[Jasandjules]

Alex said:

Keep dreaming people, the £150m winner is from Portugal.

Every few months there is a 100m plus jackpot. You never know..

[Looket]

I'd pile every penny into gold. Physical gold, stashed away in a high security vault in Switzerland. I'd be piss poor but atleast I'd feel like a high-end super villain every time I went to visit.

After the inevitable future global economic meltdown/zombie apocalypse my by then unfathomable fortune would be spent on vast amounts of land and property. I'd be the world's landlord and you'd all be my serfs... sorry, free and equal brothers and sisters. I would also topple the French government only to declare a strike and dump a tractor load of st on the doorstep of every building in Paris as a practical joke.

After that, I'd probably retire to my estate on the Como and churn out heirs to my (only slightly) evil empire.

[KingNothing]

Looket said:

I'd pile every penny into gold. Physical gold, stashed away in a high security vault in Switzerland. I'd be piss poor but atleast I'd feel like a high-end super villain every time I went to visit.

After the inevitable future global economic meltdown/zombie apocalypse my by then unfathomable fortune would be spent on vast amounts of land and property. I'd be the world's landlord and you'd all be my serfs... sorry, free and equal brothers and sisters. I would also topple the French government only to declare a strike and dump a tractor load of st on the doorstep of every building in Paris as a practical joke.

After that, I'd probably retire to my estate on the Como and churn out heirs to my (only slightly) evil empire.

In the event of a zombie apocalypse, gold will lose it's fungibility

[Looket]

KingNothing said:

In the event of a zombie apocalypse, gold will lose it's fungibility

I did say after.

The zombies may not value gold much, but the world post-zombie apocalypse would open up a host of opportunities (apart from the aforementioned plan for world domination) for an enterprising evil genius with a large stash of gold. Central bank, anyone? I introduce to you the Zombierand!

[irocfan]

EarlOfHazard said:

I'd have an exact replica of the HMS Victory made, then I'd sail the world.
After, I'd use it as an educational tool, where schools could use it ie kids could go out and learn what it was like to sail back in the day.

Also, I'd like to buy several items- to be restored. But it would be documented by a professional TV crew - but it would be in extreme detail like Mark Evans did. Then I'd sell it to a tv company or stick it on youtube. I reckon the amount of hits would generate a little income - but I wouldn't really be doing it for financial investment.
List of examples:

Vulcan
Victor
Sopwith Camel
Zeppelin
Panther tank
Churchill tank
A7V

I like the cut of your jib sir!

[Adam B]

Moominho said:

If you just invested your money sensibly, with no risk, how much interest would that earn you?

robinessex said:

I'm not in the financial business, but I suspect £145M should yield 5% per annum. £7.25M per year is fine for me. £20,000/day. Even my wife couldn't spned that!! Any money guys here to add to that?

5% is certainly NOT risk free right now, think 2.0-2.5% if you buy 10 year gilts

and assumning you live in the UK reduce by 45% for tax

so think £2M per year risk-free post tax income (not too shabby mind you)

[twoblacklines]

I think you could get away with this if you go anon and don't flaunt your wealth on Instagram etc.

[BlueFiestaST]

A syndicate of 10 people near me apparently won the recent £36m euromillions win.
Wouldn't mind £3.6m.
I'd buy my house and cars and probably never work again.

[Rosscow]

BlueFiestaST said:

A syndicate of 10 people near me apparently won the recent £36m euromillions win.
Wouldn't mind £3.6m.
I'd buy my house and cars and probably never work again.

Never work again?

If I gave up work now, and lived to be 90, that would only give me £64,000 a year to live on.

Say I spend £600k on a house, and £100k on 2 nice cars (his and hers at £50k each).

That £64,000 a year ends up at under £52,000 a year. Which is a lovely tax free income. But is it enough to make you give up work for good?

Maybe if you've got say 30 years until you're 90 (just under £97k a year after house and cars) but at my age, I don't think it's enough.

[Pwig]

And that's £52k a year if you don't account for inflation.

in 20 years that could be half that in real terms