Why couldn't i have won the lotto

@Diotrephes
That is a BUNCH of money.. i would do a LOT!!! I don't need the money, so i would invest it all to advance the individuals in my community.... and others....

I would invest in local businesses and charities where i am.. Where i am, folks who employ people are struggling... little cash flow goes a very long way...

I would start a technical school in low income areas to help kids coming from my same background.... i would foster REAL life skills to them...

I am slowly working to do that now with the returns from my own labor...

But folks have to earn their place for help... in all my experience.... if you don't earn it... you never respect it....

@nocool It's nice that you have a plan. Most people who come into big money don't have a clue about what to do with it.

With a $100,000,000 net jackpot I would divide it into 5 equal shares, with 4 going to immediate family members and 1 to me. That is $20,000,000. Personally, at my age I have no real personal need for that, so I would set up a gift budget and give people $18,000 gifts (the current gift amount without having to pay gift taxes). So, I could give 200 people $18,000 each per year for a total of $3,600,000. In 3 years that would total $10,800,000 and I would still have $9,200,000. The lifetime exclusion gift exclusion is $13.61 million (as of 2024). I could still set-up college funds for kids who need them. But if I kept the entire $9,200,000 for myself that would give me a monthly budget of $38,333 for 240 months (20 years). What would you spend $38,333 on every month? Besides, I doubt if I would live another 20 years. Of course my estate would have to pay some taxes on any money left over.

In the meantime, the other 4 people will have their own $20,000,000 each to support their own families.