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What can you buy with £1 million?

It might take a while to earn, but £1 million doesn’t take long to spend. If you’re lucky enough to have the cash in your account, don’t waste time researching the options.

Use our handy guide to decide how you’ll get the best return on your investment, or lose yourself in the moment as you plan what you would do with an unexpected windfall.

What can you buy with £1 million?

Jewellery

Price: £1 million

They say diamonds are a girl’s best friend, and with a budget of £1 million you can afford to be picky about size, colour, stone and design.

To give you an idea of what your budget could buy, Meghan Markle’s engagement ring, with its three diamonds set on a yellow gold band, was created by The Queen’s preferred jeweller, Cleave & Company and is estimated to be worth around £300,000.

If you give them a call, I’m sure they’d be happy to put together a bespoke piece for your generous budget. The hardest part for you will be choosing the style.

Bugatti Veyron

Price: £1 million

Fewer than 500 of this mid-engine sports car were produced between 2005 and 2014, before production was discontinued.

It was hailed as the fastest production car on the market, with a top speed of over 250mph, and got motoring journalists incredibly excited.

You can’t pick one up straight from the factory any more, but rumour has it that Simon Cowell is selling his so if you’re quick, you may be able to pick one up with a bit of providence.

Designer shoes

Price: £3,500 per pair

Like hard back notebooks, silk scarves and Thorntons chocolates, you can never have too many pairs of shoes.

And with a hefty budget of £1 million, you deserve the millionaire lifestyle, which includes giving your feet the first class treatment. Furnish your feet with some of the very best, including Louis Vuitton, Reiss Marla, Dior and Jimmy Choo.

Hotel stay in Dubai

Price: £1 million

Travel to one of the richest countries in the world (your bank balance won’t cover the flights, so let’s hope you’ve found some small change down the back of the sofa) and stay in one of the most expensive hotels in the world.

At a whopping £30,000 a night, you can enjoy an entire month of absolute bliss, overlooking the stunning scenery and making the most of the air con before heading outside.

Stylish luggage

Price: £5,000

If travel is your passion, you’ll want to be sure of a designer luggage set to hang off your arm as you swan through airport security.

With £1 million, you could pick up 200 Louis Vuitton bags – plenty of space to pack all those books to read on the flight and enough outfits to last for weeks.

Party hard

Price: £1 million

What better way to celebrate than a party with your favourite people. Perhaps you’d like to hire a five star hotel and treat your guests to champagne, gourmet food and live music.

Or fly friends and family to a hot and sunny holiday resort for a fortnight of all inclusive luxury. You might spend the money quickly, but your generosity will last in people’s memories for years.

Hire a celebrity

Price: £20,000 – £1 million

The cult of celebrity has never been greater, giving you more choice than ever when choosing who to hire.

Athletes, singers, actors, comedians, politicians, presenters – they’re all available to sing happy birthday, open your newly refurbished house, pose for photos – you just have to decide where and when you’d like them to appear…

Here are a few names and prices to inspire you:

  • Elton John: £800,000
  • Aerosmith: £700,ooo
  • Adele: £600,000
  • Jessica Simpson: £400,000
  • Beyonce: £350,000
  • Bill Clinton: £300,000
  • William Shatner: £100,000
  • Tori Amos: £50,000

Stylish wrist watch

Price: £1 million

Sales of classic wrist watches have declined in recent years, with the rise of the smartphone, fitness trackers and even smart watches.

But there is still something quite special about the workings of a traditional, quality wrist watch. Whether it warrants a spend of £1 million is up to you, but if you’ve got the budget, watchmakers and designers have the product.

135 bitcoins

Price: £1 million

Cryptocurrencies such as bitcoin have become popular in recent years, largely because they allow for anonymous transactions between buyers and sellers.

In 2009, an undergraduate in the United States bought 5,000 bitcoins for just $27. Today, those 5,000 bitcoins are worth over $51 million. Not a bad investment.

However, the market is unpredictable and fell sharply in early 2018, causing analysts to predict massive losses for many bitcoin traders. Your £1 million could currently buy you 135 bitcoins, but the times may be changing, so invest at your own risk….

A home in Cornwall

Price: £200,000 – £1 million

views of Cornwall gorse and sea

Staying in expensive hotels, having designer luggage, shoes, expensive jewellery and a singer from X Factor at your disposal – all interesting suggestions.

But buy a home in Cornwall and you can enjoy more than just a short rush of excitement – you can make years of memories in a fabulous property in a breathtakingly beautiful area.

Our partners at Cornwall Estates offer some of the county’s most idyllic properties. Expect sea views, spacious living space, contemporary open plan kitchens, large landscaped gardens – all located in lush countryside, rural villages and dramatic clifftop locations.

They may not be able to help you choose which celebrity to hire, but if you’re looking for a forever home, get in touch with the experts at Cornwall Estates. You won’t believe what your budget can buy.

 

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