100 million of lottery winnings might seem like a lot but isn't in terms of living the life some of you think you can with (that) kind of money.
A really nice New York apartment will cost 12-25 million. A decent place in the Hamptons 7-15 million. Actually any good home (mansion-wise) anywhere in the world will cost you 6-15 million. Three-four homes will cost anywhere from 20 million to 80 million. But what will kill you is staffing and upkeep. Your fortune will quickly disappear, just ask Nick Cage.
Do you really win $100MM? If that is the lottery jackpot, and you take the lump sum and have all taxes deducted, your net will be less than $35 million.
That puts you at about the life income level of a senior vice president of a large bank. Very nice, but not uber-rich.
My father is above that income level but with three ex-wives, eight children (sponges all), and a plethora of girlfriends, he bemoans his poverty constantly.
WWYD If You Won 100 Million Dollars?
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100 million of lottery winnings might seem like a lot but isn't in terms of living the life some of you think you can with (that) kind of money.
A really nice New York apartment will cost 12-25 million. A decent place in the Hamptons 7-15 million. Actually any good home (mansion-wise) anywhere in the world will cost you 6-15 million. Three-four homes will cost anywhere from 20 million to 80 million. But what will kill you is staffing and upkeep. Your fortune will quickly disappear, just ask Nick Cage.
Do you really win $100MM? If that is the lottery jackpot, and you take the lump sum and have all taxes deducted, your net will be less than $35 million.
That puts you at about the life income level of a senior vice president of a large bank. Very nice, but not uber-rich.
My father is above that income level but with three ex-wives, eight children (sponges all), and a plethora of girlfriends, he bemoans his poverty constantly.