First of all if I won 2 billion dollars in the lottery I wouldn’t be buying $4 million dollar houses...or $500,000 cars....or million dollar rings.
His first and BIGGEST mistake was not moving out of that God forsaken state ASAP.
If I won $2B? Lets say you keep $1B after taxes. That generates $40 Million in cash per year easy without touching the principal. Over $3M a month after taxes. The money to pay for that $500K car would be generated in less than a week. Every week. I might splurge.
You can’t take it with you and some of those things are able to hold their value while you enjoy them. However, the taxes on the Malibu house are probably out of this world expensive.
You’d be buying a home worthy of your new status for, say, $25 million?
The ocean front home, was pretty much a safe investment, if handled properly. That one looks like 4 single-wides parked next to each other. I guess, 2.8M doesn’t get you much under communism.
I have an ocean access home in FL. with my boats parked out front, that I paid less than 1/10th of that price.
Cars? They can be, but a person had better do his homework first.
I WOULD ESCAPE CALIF-—IF I HAD TO BUY MY OWN RAILROAD.