How to Spend A $85 Million Jackpot
Wednesday, December 24th, 2008When Brad Duke’s mathematical strategy finally paid off to the tune of $85 million, he didn’t want to make any mistakes.
He sought out a team of advisors, brokers, and money men to make sure his story didn’t end in ruin.
How did he invest?
- $45 million: Safe, low-risk investments such as municipal bonds
- $35 million: Aggressive investments like oil and gas and real estate
- $1.3 million: A family foundation
- $63,000: A trip to Tahiti with 17 friends
- $125,000: Mortgage retired on his 1,400-square-foot house
- $18,000: Student-loan repayment
- $65,000: New bicycles, including a $12,000 BMC road bike
- $14,500: A used black VW Jetta
- $12,000: Annual gift to each family member
His goal was to turn his big winnings into very serious wealth, optimally $1 billion! And he’s on track to do it within 12 years!
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