Mark my words. They'll have spent all that cash on hookers and blow (and probably fast cars and other trappings of luxury) by 2011.

Poor people don't know how to handle money. That's part of the reason why they're poor.

nigerian princes are now german grandmothers?

we're on to them now

That's a shiatload of car insurance.

"When I see my image on the security camera at the country club, I wonder, are they stealing my soul? I get so upset, I hop out of my Range Rover, and run across the fairway to the clubhouse, where I get Carlos to make me one of those martinis he's so famous for, to soothe my primitive caveman brain."

They were heard to exclaim to their fellow homeless buddies as they were whisked away by a limousine: "So long, suckers!"

"The grandmother's name has been kept secret to prevent fraudsters trying to cash in on the inheritance."

How many widowed billionaires with no living children and a sister in America could possibly have died in Baden-Wurttemberg, Germany in the past few years?

xanadian: Mark my words. They'll have spent all that cash on hookers and blow (and probably fast cars and other trappings of luxury) by 2011.

Poor people don't know how to handle money. That's part of the reason why they're poor.

You could spend your life doing nothing but buying things as fast as possible, and you would still have trouble spending the interest on $7 Billion, let alone even scratch the principle

That is an incredible story! I, for one, wish them well.
How do I contact them? Surely they would spring for a lifetime TF membership for me...

drop in the bucket

hitlersbrain: xanadian: Mark my words. They'll have spent all that cash on hookers and blow (and probably fast cars and other trappings of luxury) by 2011.

Poor people don't know how to handle money. That's part of the reason why they're poor.

Them in 2011:

Thank you!
one of my very favorite movies...

"and all I need is this ashtray"

I bet that is going to be the most luxurious cave in the world once they hire some interior decorators. Osama will have nothing on them.

BeowulfSmith: xanadian: Mark my words. They'll have spent all that cash on hookers and blow (and probably fast cars and other trappings of luxury) by 2011.

Poor people don't know how to handle money. That's part of the reason why they're poor.

Normally, this is very true. However, I don't think they could possibly spend enough to blow it all before they die.

If they follow true form of poor-to-rich people, they'll spend millions on houses, cars, parties, women, etc.

However, I doubt they could even put a dent in the interest from $7 billion. It usually takes a mega-corp or a government to waste that much money.

Think about it, what could they possibly buy that would come close to being a noticeable portion of that inheritance? A sports team? A small town? A telecom company? None of that is very likely.


What they don't spend will be taken from them if they don't kill themselves with it first.

lexnaturalis: Fizpez: Assuming the $7b gets split equally among all 3 and earns 3.5% annually (so no stocks, just t-bills, CD's etc)

I calculate the interest alone, per individual is *drumroll* $1.5 million.... per week.... each.

/its good to be the king.

I budget my income down to the penny and I'm very frugal. Even I wouldn't have the first clue what to do with that kind of money.

I would.

BeowulfSmith: If they follow true form of poor-to-rich people, they'll spend millions on houses, cars, parties, women, etc. However, I doubt they could even put a dent in the interest from $7 billion. It usually takes a mega-corp or a government to waste that much money.

They'll still wind up poor. People like to focus on the hookers n' blow, as that's a really good way to piss away millions.

However, a fortune of ANY size can be lost to an entire demograph of scum. Con men with sham investments, friends and relatives hooking up with lawyers, greedy local governments with a phone book's worth of obscure tax laws, etc. Not to mention, they'll be surrounded by opportunists of all kinds for the rest of their lives.

Next thing you know, the money's all tied up in court, and everyone except you has the knives out, carving up the pie that was supposed to be for you. Tragic, really.

The media publishing their names and photos will wind up being the worst thing to happen to them. The swarm is already moving.

Meh,

There are parts of my family that are loaded. But by the time the family members that made the money die off, my only hope is the boomers (aka my parent's generation) soon follow. Lest I inherit gold plated dentures, teak bedpans, over-leveraged mansions and underwater bentleys.

lexnaturalis: I budget my income down to the penny and I'm very frugal. Even I wouldn't have the first clue what to do with that kind of money.

There was a "what would you do with a billion" thread on Fark a while ago.

My idea was to buy up all those abandoned properties in Detroit, have them re-zoned, and turn Detroit back into forest. I think it'd be hilarious to have the center of a hollowed-out city filled with a forest growing like a green cancer until you can see the death of Detroit from space. Plus, it'll make the tree-huggers happy.