After setting up my family for life, I'd use the rest to start a micro-lending company for small businesses to get started or expand. I'd open them next to dollar stores and hire lots of bilingual people. We'd have free business plan advice, too. For fun I'd buy houses in lousy neighborhoods, fix them up and fit them out with solar and geothermal systems, then offer to trade the house with a neighbor and repeat the process. This would cost money but a billion can go a long way one house at a time and see step one.
Well, if it's something you're just interested in, then at some point you might become no longer interested in it. That's fine, it's normal, it's why people end up with an attic full of supplies for old hobbies. I've had certain hobbies and interests for 30+ years but it's not literally doing the same thing over and over again, there's plenty of variation within a topic. Always new things to learn, techniques to try, tools to use. If that variety ever stops, yep, I'll probably lose interest.
But your question seems to be more about long-term projects, which aren't something you just happen to get lucky and stay interested in. You have to actually make the decision to do the thing, set the time aside, and have discipline even on the days the magical motivation fairy didn't happen to sprinkle her dust on you.
First, buy the services of a financial advisor. Run a very long list of ideas past them to see what's plausible, what would make a positive difference in the world, what would likely become a self sustaining positive thing after an initial investment that I can afford to go without a return on.
For myself, build a house. Pick the exact location I want. Customize and overbuild everything. Backup power and solar panels. But from the outside, make it look exactly like the majority of the houses in a 1 mile radius. Except mine is capable of withstanding nuclear war.
Also, health care to the max is high on my selfish list. I want a reputable doctor to show up at my house each month to check on things and answer all the odd questions about a cough I had one time or whatever.
For my family, buy them a few nice things, set up a trust fund that pays out an actual living wage to each person and include a standing appointment with a financial advisor as well as access to their own doctor who makes house calls.
Park the rest in the highest interest account that'll have me and live off the interest without touching the principal as much as as I can, do whatever the fuck I want for the rest of my days.
Controlling shares in smaller mining, green energy, & electric component(motors, solenoids, etc) stocks, and merging them together for vertical integration. Machinery, logistics, & other production stocks, merging into a separate conglomerate for vertical integration. Cargo boat manufacturing companies who specialize in low emissions. Politicians to get more subsidies in those areas, and promote my business practices while penalizing others.
Supply, production setup, logistics, I might throw in marketing just so they REALLY don’t have to go to anyone else. Any business who doesn’t want to worry about the dirty work will go to me. And they will listen to me..
All the things. Like others have said it’s an insane amount of money.
But realistically, after debt, setting up family, I’d probably buy a (few?) of my dream cars, along with a “project car”. Along with some secured garage somewhere. Also fix up my basement, an/or get a new house (but not into anything crazy, I don’t want a mansion). Find a good charity (or 5) and donate.
But most importantly I’d pay my damn taxes! Not gonna be one of those fucker billionaires that wants to skirt on their basic social responsibility.
I have ongoing hobbies like training my dog and doing garden-stuff during summer but other than that, I switch between gaming, reading, writing, drawing and making pixel art. I've had the same hobbies for years and must have spent several 1000 hours doing all of them by now but suspect I'd have burned out on everything if I didn't switch around. I like making things but I'm not trying to make any of it into a side-hustle - I have plenty work at work - so there is no pressure to keep doing a particular hobby when it begins to feel stale.
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