If I were a billionaire, I would never be able to spend all that money on myself. I would put $2 million into each of my kids' investment accounts, and write them a guide on how to use that money, like, "This is all you will have, use it wisely and make it last for your entire lifetime. There will be no more after this. Ways to make your money last: be a good person, be humble, live simply and sustainably. All you need is a good house, not a mansion, a basic car with good safety ratings, eat good food, preferably the ones you grow yourself. Learn a skill and use it to make more money. Help people."
I would not want to control any amount above $1 billion. I will slate out $2 million for myself to use for my lifetime also.
The rest, I will use on the needy and the poor, but each person I help must demonstrate merit. I will not help the people who chose to be reckless with the opportunities they had, which led them down a bad path of ultimately being poor, etc. If they can demonstrate that they've made efforts but they just could never catch a break or get any luck/promotions to help them move up in life, then I will help them, and they must sign an agreement that they will use the money toward basic necessities like housing, food, and medical, or they will have to return my money in full. I will not fund any lavish lifestyle for anyone. Luxuries are not a necessity and it's all greed and excessive indulgence. If they want luxuries, they can attain that for themselves.
I will also help hire people I trust to work in orphanages or in organizations that help needy people. I will make sure the money I use for those purposes actually are spent on those purposes, there will be paper trail and real proof that the money is getting spent the correct way.
If I should be lucky to have more than $1 billion, I will buy fertile land that's for sale anywhere in the world, hire people to grow food, then send the food to poor people.
