The author enjoys dreaming about what he can do with tons of money.
Amassing $10 million is easy if you sell IPO shares to your tech company, sell classic cars, or win the lottery. If you need advice on where to spend your windfall, check out these options, listed in no particular order.
1. Vacation Home in Thailand ($10 million)
This six-bedroom, 31,000-square-foot holiday home is perched on a hill on a private island. It boasts a pool, spa, gym and solar-powered golf cart for the two-minute drive to the beach. For an additional fee, you have the option to add separate bedrooms for the servants required to keep up such luxury.
2. Diamond Chandelier ($10 million)
Designed by Hearts On Fire, this massive light show decorated the Green Room of the 2008 Emmy Awards, which celebrated its 60th (diamond) anniversary. It features about 3,300 diamonds weighing more than 1,000 carats.
3. Three-Masted Schooner ($10.1 million)
This new 190-foot long modern schooner, designed by Pavel Shaposhnikov, recalls the Golden Age of Sail with its multiple masts. But it also sports an engine so you can get underway even without the wind. The interior will be customized to your desires but includes an integrated computer-based entertainment system.
4. Broadway Production ($10 million)
Ten years ago, a musical cost only $1 million. Today, the average cost of a Broadway musical is $10 million. However some productions, such as The Lion King, may run as high as $20 million.
5. Annual Budget for the University of Utah College Football Team ($9.9 million)
Despite the $10 million price tag, the Utah Utes’ budget is actually one of the lowest in the Pac-10. With only nine wins in the 2009 season, the school’s victories cost about $1.1 million each: Compare that to the $6.85 million budget for Boise State, with 13 wins at only $527,000 each.
6. 100 Seconds of Super Bowl Advertising ($3 million per 30 seconds)
Advertising during on the Super Bowl can offer maximum bang for the buck. This was the cost to screen a network ad for the 2011 Super Bowl, not counting production costs. But advertisers are guaranteed about 100 million viewers, with residual media attention. Prices are likely to go up.
7. Low-Power TV Station in New York City ($10 million)
How about broadcasting whatever you want on your own 3.5-kilowatt TV station, like WPXO-LP in East Orange, New Jersey. It offers Spanish-language programming from CaribeVision to the New York City area, which is considered the top television market. Low-power stations in smaller markets can be had for about a million.
8. Senatorial Campaign for Missouri ($10.3 to $12.09 million)
The 2010 elections for Missouri senator showed the typical amounts needed to run for a U.S. Senate seat in a small state. The losing candidate, Democrat Robin Carnahan, spent $10.3 million and garnered 41% of the votes. The winning candidate, Republican Roy Blunt, spend $12.09 million and got 54% of the vote.
9. Hawthorne Suites by Wyndham Franchise ($208 thousand to $10.5 million)
If you want a return on your investment, start up a hotel such as Hawthorne Suites. Costs vary considerably by location but include construction, inventory, equipment, and franchise fees. Aside from the rooms, you’ll need to plan for a buffet area for the complimentary breakfast, exercise facilities, and on-site laundry. Yearly franchise fees run $40,000, plus 5% in royalties.
10. Heavenly 70 Bra ($10 Million)
Supermodel Tyra Banks revealed this one-of-a-kind Victoria’s Secret creation in the company’s 2004 annual fashion show. The garment features 3,000 diamonds and has a 70-carat diamond as its centerpiece. For 2011, the company showcased the more modest gem-studded Fantasy Treasure Bra, which was modeled by Miranda Kerr and cost only $2.5 million.
If you’ve got a little less to spend, check out 10 Great Things You Can Buy for A Million Dollars: Go Ahead and Dream.
- LUXE Source | LUXE Magazine - The Luxury Home Redefined
Explore the best in design, from the pages of Luxe Interiors + Design Magazine. View the most comprehensive collection of luxury homes, spaces and styles online—from architecture and landscape design to custom kitchens and baths, living and dining ro
- Watches, Jewellery and Accessoires
FELDO leaves the manufacturing of its watches and luxury goods to the best companies in order to reach the highest levels in design and production. Specifically, the watches (luxury goods) are manually developed by Swiss watchmakers and German goldsm
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
Carrie Lee Night from Northeast United States on May 30, 2020:
Fun hub :) Thank you for sharing. I personally dont find any of the choices appealing as vacation homes and boats have too much mantienance that would add to the cost. I rather charter a boat or rent a vacation home. I could never spend 10 million on one thing or in one place :) If I had to choose, it would be Thailand :) I love to travel :)
Ethan cathey on November 15, 2019:
Always be brave in what ever you choose, living life the way you choose, is always your choice
Tuhin Subhro Sardar from India on May 07, 2019:
Why not travel the world like a king/queen?
Micha ELa from Philippines on March 07, 2019:
The list was hilarious. It was fun to read. I was in awe with the bra made from diamonds. I will put it in a bank and travel the world.
Peggy Woods from Houston, Texas on July 10, 2012:
Just for fun...the home in Thailand. Now if if REALLY won that kind of money...I would do none of the above. I would invest it; set up a charitable foundation to give money away and take some vacations. I CERTAINLY would not spend it on a bra! Haha! Voted funny and interesting. It is fun to dream sometimes!
Stephanie Das from Miami, US on February 02, 2012:
It was between the vacation home in thailand and the schooner, but I figure the schooner is just a really fancy mobile vacation, so I'm going for that. Just a few more hubs...
dinkan53 from India on January 26, 2012:
If I got that 10million$, I would have spend 2.5M$ for a house, for 2.5M$ a supermarket and the other 5M$ in a bank for fixed deposit and live a happily life. Anyway thanks for the list. I like your choice of vacation home in Thailand. Voted up and interesting.
Theocharis V from Piraeus, Greece on January 26, 2012:
Dear ThoughtSandwiches, I am sorry, but I am the hubber who borrowed the money from alocsin. Very sorry. I can lend you half with 15% interest though. :) haha. Good hub alocsin. Thanks for SHARING
Brett C from Asia on January 26, 2012:
After just writing about Thai beaches, to see the house at number 1 made me laugh! However, although I love Thailand, I would definitely opt for the worldwide freedom of a three-masted schooner.
Thanks for SHARING.
Arlene V. Poma on January 25, 2012:
#5. Who cares if they don't win? I can find things to do with the team . . .
Aurelio Locsin (author) from Orange County, CA on January 25, 2012:
Sorry ThoughSandwiches, I just lent the money to another hubber who bought the same thing.
ThoughtSandwiches from Reno, Nevada on January 25, 2012:
I have chosen the three-masted schooner, thank you. As the listed price is $10.1 Million...can I borrow $100,000. I'm good for it...
MJ from Right Here on January 25, 2012:
All good information! I think I'm going to go with the diamond chandelier.