I'd be set for life with that kind of starting money. First I'd pay off my debts and buy a couple franchise restaurants (not super cheap fast food more like bar/grill type places) I've got a couple friends I've met working in kitchens over the years to run them.
Next is the recording studio. By then I should have made a decent chunk of money back, and I could afford to run the place at rates lower than any recording studio out there (giving new musicians the opportunity to get their material known and hopefully diluting the amount of profit-first crap out there)
After that who knows. More businesses, more investments, and all the stuff I've really wanted (fursuit, 2 new Xboxs for me and the gf, a couple of HD TVs to go with them, get my bloody pc fixed, comissions from just about every writer and artist here, and a new car...probably a Volkswagen
.) Oh and a nice large sum going to TFF
One day...