Mega Millions Lottery Jackpot Results in Dreams of Being Super Rich

But lottery winners beware -- many other high-end real estate apartment listings are part of housing cooperatives. In order to move in, a prospective resident must first be approved by the co-op's board. That's no simple task, no matter the size of your checking account.

Dream Vacation for 100 Friends, Family

Now that you've won the big jackpot, why not do something nice for your friends and family?

Forget the standard vacation. Consider renting out an entire 50-villa resort.

The Regent Maldives, which is about to open, occupies the entire Maalefushi Island in the Indian Ocean and can be yours for just $100,000 a night. The entire resort can be reserved for anywhere from two to 120 guests, combining the ultimate private island experience with the luxury of a full-service resort.

The Regent will do everything from providing live music to organizing chef demonstrations on the beach.

The $100,000 rate at the Regent includes breakfast, dinner, beverages, afternoon tea, spa treatments, water sports and snorkeling.

The Regent Maldives will feature 23 beach villas and 27 over-water villas. All villas will have direct beach access, private plunge pools and expansive timber decks offering breathtaking views across the turquoise lagoon. Villa bathrooms open to either a private garden or ocean vista and include both indoor and outdoor showers as well as outdoor polished stone tubs.

Charitable Donations and Philanthropy

Though it may be tempting to spend prize money on pampering yourself, philanthropic giving is common among individuals with means.

"The demand for services provided by charitable organizations is at an all-time high yet we're in a time when raising money for charitable organizations is extremely difficult," said Bob Ottenhoff, president and CEO of Guidestar, the largest database of non-profit organizations.

Whether that money goes to cancer research, your church, university a human rights group, international disaster relief, animal shelters or food banks, experts suggest you plan your giving wisely.

"Don't get caught up in the elation of winning the lottery because your money is extremely important and valuable, so take some time think through how to spend it the best," Ottenhoff said.

Lottery winners may want to create a donor-advised fund, as a way to manage charitable dollars, he said.

"Ask yourself what's most important to you in terms of your priorities and values, what really excites your or makes you angry that you would like to change, and begin to research the organizations that meet your priorities," Ottenhoff said.

After choosing a charitable cause, one way to decide which organization to donate to is to set up a contest and ask organizations to propose their ideas on what they can do to tackle the issue. Doing so can help individuals identify the most capable and experienced organizations deserving of donations, Ottenhoff said.

Your Own Private Island

Forget lavish vacations or posh homes. To really signal your entrance into the world of the rich, consider buying a private island in the Bahamas. For as little as $750,000 you can purchase and camp out on your own private slice of paradise in The Bahamas, just like actor Johnny Depp, who purchased his own island in Exuma.

That's a steal considering, a 55-acre island off Eleuthera will run you $39 million.

But what do you care? You are now a multi-millionaire.

  • 1
  • |
  • 2
  • |
  • 3
Join the Discussion
blog comments powered by Disqus
You Might Also Like...