What Will You Do if You Won the $1.6B Powerball Jackpot?
The $1.6 billion Powerball craze is over with three winning tickets finally hitting the jackpot back in Jan. 14. But first, what will you do if you were the single winner of the largest lottery jackpot in history?
If you like to travel, you could buy your own Boeing 747-8 jet that costs $347 million and board 380 to 560 family members and friends. However, you have to pay for jet fuel money, too, which costs about $200,000 per 63,000 gallons.
If you want to live like Hugh Hefner, you can buy the Playboy Mansion that was put on sale for $200 million earlier this year. There's a catch though, you need to live with Hefner himself as part of a condition of the sale. Buy a mansion and get an 89-year-old tenant for free.
And if you like sports but would like to pay taxes that will cut your winnings in half, you can buy any of the MLS franchises. You could also buy 19 out of 30 NHL teams or the NBA's Milwaukee Bucks. This is not a bad investment if you don't like American football and baseball.
Too bad you did not win and you are not one of the three winners from Tennessee, Florida and California. They will split the money into three equal parts of more than $500 million each before taxes. We can all just keep dreaming as two of the three winners have already received the lump sum payment of their prize.
From Tennessee
John and Lisa Robinson were the first winners to take home their prize money last Jan. 19. The couple from Munford, Tennessee revealed their plans for their winnings, saying that they are not quitting their jobs or buying a new house.
"That's what we've done all our lives, is work. You just can't sit down and lay down and not do nothing anymore. Because how long are you going to last?" John Robinson said.
However, they did enjoy some of their earnings before investing for the future of their son and daughter. They visited Elvis Presley's Graceland in Memphis a day after collecting the prize money.
From Florida
The second couple from Melbourne Beach, Florida cashed in their ticket last Wednesday at the Florida Lottery headquarters. David Kaltschmidt and Maureen Smith is planning on retiring and insisted that they will be living the same despite being $327.8 million richer.
"Instead of designing airplanes I'm going to be doing charities, tax strategies and investments," Kaltschmidt said who worked as a mechanical engineer.
The third winner from California will be the last to claim his winnings, but has not gone public, yet.
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