If you were a (cash) billionaire...?
Discussion
twoblacklines said:
I would like an Embraer Phenom 300.
20 mins from Manchester to London City airport.
Yes please.
Yes that'd be great for you blacklines, but I live maybe 18 minutes by subway train from London City Airport, 15 minutes by car.20 mins from Manchester to London City airport.
Yes please.
Now I have the awful realisation that the desolate north is closer than I thought.
TheLuke said:
I'd be the Anti-Elon.
Creates a hugely successful EV car business?
I would create a gas guzzling car business with subsidisations for petrol
Aims to have people on Mars and make space travel accessable for all?
Create a huge space shield to stop things from coming in and out of the atmosphere
MUHAHAHAHA
Creates a hugely successful EV car business?
I would create a gas guzzling car business with subsidisations for petrol
Aims to have people on Mars and make space travel accessable for all?
Create a huge space shield to stop things from coming in and out of the atmosphere
MUHAHAHAHA
RizzoTheRat said:
coyft said:
A billion in cash is quite a difficult sum to get your head around.
Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
I remember seeing a website that did similar calculations based on income. It reckoned Mark Zukerberg buying a superyacht was about the same as me buying a second hand Fiesta.Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
What a life.
If I woke up a billionaire...
1) Lawyer up with the most expensive and best lawyers I can find.
2) Put 10% in a trust for my family. They cannot, and will not, get cash. The trust will give all named family members a percentage for certain bills such as weddings, house purchases, private education, medical bills, etc. The only "freebies" will be medical emergencies where they are 100% covered - everything else will only provide a percentage of the bill.
After this, never discuss money with family again.
3) Put 50% in safe long-term investments that I cannot access for a minimum of 10 years. So if I somehow manage to completely screw up, 50% is still there waiting for me.
4) Put 30% in slightly more risky investments, any profit is living money
5) The final 10% will buy my private island, security, cars, holidays, aeroplanes, etc.
1) Lawyer up with the most expensive and best lawyers I can find.
2) Put 10% in a trust for my family. They cannot, and will not, get cash. The trust will give all named family members a percentage for certain bills such as weddings, house purchases, private education, medical bills, etc. The only "freebies" will be medical emergencies where they are 100% covered - everything else will only provide a percentage of the bill.
After this, never discuss money with family again.
3) Put 50% in safe long-term investments that I cannot access for a minimum of 10 years. So if I somehow manage to completely screw up, 50% is still there waiting for me.
4) Put 30% in slightly more risky investments, any profit is living money
5) The final 10% will buy my private island, security, cars, holidays, aeroplanes, etc.
T5SOR said:
Cotty said:
Not bad
"A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
I have never seen that house in Southampton "A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
sc0tt said:
T5SOR said:
Cotty said:
Not bad
"A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
I have never seen that house in Southampton "A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
TheLuke said:
sc0tt said:
T5SOR said:
Cotty said:
Not bad
"A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
I have never seen that house in Southampton "A 42.12-acre Southampton estate is on the market for $175million and features a 20,000 square-foot mansion"
http://www.dailymail.co.uk/news/article-4802800/Fo...
RizzoTheRat said:
coyft said:
A billion in cash is quite a difficult sum to get your head around.
Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
I remember seeing a website that did similar calculations based on income. It reckoned Mark Zukerberg buying a superyacht was about the same as me buying a second hand Fiesta.Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
silobass said:
RizzoTheRat said:
coyft said:
A billion in cash is quite a difficult sum to get your head around.
Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
I remember seeing a website that did similar calculations based on income. It reckoned Mark Zukerberg buying a superyacht was about the same as me buying a second hand Fiesta.Let's say I have £100,000 in savings all in cash. That's 10,000 times less, so in comparative terms a billionaire might view prices something like this:-
Mercedes S class £100k, would be £10.
First class travel £10k - £1.
Night out £1k - £0.10
Nice house £3m - £300.
Quite staggering when you look at it like that.
What a life.
poing said:
It's a very different world they live in. My uncle was in the navy and when he left he got a job on a personal ship of some middle east oil type and spent 2 years just waiting for the boss to turn up. He almost did once but then didn't bother. I can't remember what it was costing to just have this thing sailing around to various locations just in case he wanted to visit but it was more per year than I'll earn in my life.
Must be a reasonable for for the crew though, sailing around the world on the off-chance the boss shows up. RizzoTheRat said:
poing said:
It's a very different world they live in. My uncle was in the navy and when he left he got a job on a personal ship of some middle east oil type and spent 2 years just waiting for the boss to turn up. He almost did once but then didn't bother. I can't remember what it was costing to just have this thing sailing around to various locations just in case he wanted to visit but it was more per year than I'll earn in my life.
Must be a reasonable for for the crew though, sailing around the world on the off-chance the boss shows up. Regardless of occupancy, a florist drops off £20k's worth of flowers every week.
The owner does use it, and holds pretty awesome sounding parties on it, which unfortunately breaks some of the appeal - hearing that Kylie is pretty average in the flesh until she's spent 8 hours getting made up by a small army detracts from the fantasy slightly.
RizzoTheRat said:
poing said:
It's a very different world they live in. My uncle was in the navy and when he left he got a job on a personal ship of some middle east oil type and spent 2 years just waiting for the boss to turn up. He almost did once but then didn't bother. I can't remember what it was costing to just have this thing sailing around to various locations just in case he wanted to visit but it was more per year than I'll earn in my life.
Must be a reasonable for for the crew though, sailing around the world on the off-chance the boss shows up. 
a said:
If I woke up a billionaire...
2) Put 10% in a trust for my family. They cannot, and will not, get cash. The trust will give all named family members a percentage for certain bills such as weddings, house purchases, private education, medical bills, etc. The only "freebies" will be medical emergencies where they are 100% covered - everything else will only provide a percentage of the bill.
After this, never discuss money with family again.
To clarify, you are a BILLIONAIRE. What makes you think you are any more qualified to handle the cash then them.2) Put 10% in a trust for my family. They cannot, and will not, get cash. The trust will give all named family members a percentage for certain bills such as weddings, house purchases, private education, medical bills, etc. The only "freebies" will be medical emergencies where they are 100% covered - everything else will only provide a percentage of the bill.
After this, never discuss money with family again.
Don't be a tight s
t. Lash all your close family and friends up with a few million.What is the point of being super rich if you can't share the experience with your closest friends and family.
You are there on your private island with your helicopter and they are living in a 3 bed semi in Gosport that you paid 30 percent for....nice one.
supercommuter said:
To clarify, you are a BILLIONAIRE. What makes you think you are any more qualified to handle the cash then them.
Don't be a tight st. Lash all your close family and friends up with a few million.
What is the point of being super rich if you can't share the experience with your closest friends and family.
You are there on your private island with your helicopter and they are living in a 3 bed semi in Gosport that you paid 30 percent for....nice one.
Google what happens to lottery winners that try to give family cash. To give you a hint, people who win >£70m are 120 times more likely to be murdered by a family member than average. The ones that stay alive almost never stay on good terms with "loved ones".Don't be a tight s
t. Lash all your close family and friends up with a few million.What is the point of being super rich if you can't share the experience with your closest friends and family.
You are there on your private island with your helicopter and they are living in a 3 bed semi in Gosport that you paid 30 percent for....nice one.
The only way to keep family at least partially on good terms when you have that much is to do what I wrote above. If you ever give any friends/family cash, you will literally be the devil if you ever stop, or if they find out you've given someone else more, etc.
It doesn't need to be as low at 30%. It can be 95%. So instead of buying a £200k house they can now afford a £4m house. The 5% that they have to pay will stop them taking the piss.
If you buy them a house outright then you'll suddenly find your family is 50 times bigger than you thought, and a £4m house isn't enough - why not a £20m house? Why not an island? You can afford it, don't you love them?
Edited by a on Tuesday 5th September 11:11
That's the first impression I got.
I can understand that people want their offspring to know the value of money, and the likes of Bill Gates won't shovel it into their pockets for nothing.
But in this scenario, you have woken up and the magic money fairy has given you a billion hard currency.
All you are doing is turning to your nearest and dearest and going 'No!! Not for you!' like they are a Labrador eyeing up your dinner....
I can understand that people want their offspring to know the value of money, and the likes of Bill Gates won't shovel it into their pockets for nothing.
But in this scenario, you have woken up and the magic money fairy has given you a billion hard currency.
All you are doing is turning to your nearest and dearest and going 'No!! Not for you!' like they are a Labrador eyeing up your dinner....
a said:
supercommuter said:
To clarify, you are a BILLIONAIRE. What makes you think you are any more qualified to handle the cash then them.
Don't be a tight st. Lash all your close family and friends up with a few million.
What is the point of being super rich if you can't share the experience with your closest friends and family.
You are there on your private island with your helicopter and they are living in a 3 bed semi in Gosport that you paid 30 percent for....nice one.
Google what happens to lottery winners that try to give family cash. To give you a hint, people who win >£70m are 120 times more likely to be murdered by a family member than average. The ones that stay alive almost never stay on good terms with "loved ones".Don't be a tight s
t. Lash all your close family and friends up with a few million.What is the point of being super rich if you can't share the experience with your closest friends and family.
You are there on your private island with your helicopter and they are living in a 3 bed semi in Gosport that you paid 30 percent for....nice one.
The only way to keep family at least partially on good terms when you have that much is to do what I wrote above. If you ever give any friends/family cash, you will literally be the devil if you ever stop, or if they find out you've given someone else more, etc.
It doesn't need to be as low at 30%. It can be 95%. So instead of buying a £200k house they can now afford a £4m house. The 5% that they have to pay will stop them taking the piss.
If you buy them a house outright then you'll suddenly find your family is 50 times bigger than you thought, and a £4m house isn't enough - why not a £20m house? Why not an island? You can afford it, don't you love them?
Edited by a on Tuesday 5th September 11:11
I would probably be murdered within the year
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