Whoa, whoa. On the contrary, I think this amount is a sweet spot where you retain your normal way of living (but more comfortable and less daagos).
I'm just bothered by how the news sites are making it sound like he's the next big gvir who's going to be donating buildings left and right. If he's responsible with the money and wants to be able to start his kids off - the $50 million will need to be invested and distributed responsibly. In that sense, $50 million is quite easy to "spend".
Agreed. I don't know why
@sillypainter made an are you that jealous comment. They say 50% of lottery winners lose it all pretty quickly. And end up miserable in life more so than before.
He definitely has the potential to become extremely wealthy with that much liquid capital. I think people are defining generational wealth differently as well.
If he's a frum guy with 6 kids and those kids all have 6 kid's this isn't even close to the type of money where all of them are set for life. And that's just 2 generations, by the 3rd generation they can each get 1 years salary and the money is gone.
Now the question is what is the right move for him investment wise.
