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The search was still on in Florida Tuesday for the winner of the largest Powerball jackpot in history.
The winning ticket is worth $590.5 million. The winner could claim a lump sum of about $371 million and after the lottery withholds 25% to pay federal taxes, would be left with nearly $280 million after taxes.
That means the winner will be able to decide how to invest $280 million – likely more money than they've ever had before – if, of course, it's not spent in a frivolous splurge.
That's why Money Morning Capital Wave Strategist Shah Gilani told viewers how to invest $280 million Monday when he joined FOX Business' "Varney & Co."
How much does Shah recommend investing in equities? Gold? Other investments?
Watch the accompanying video for his breakdown of how to invest $280 million.