Nah, make them work in a factory or pick fruit. For the rest of their lives. While existing on the wages they are given, no benefits. That is worthy of a reality show.
the competition doesnt even have to be to the death or anything gorey they could be forced to have a paintball fight or play a board game or a game of tag/flag-carrier or whatever.
Median US net worth is about $192,000. So leaving them with $1b would still be 5200x the median. I think we can bring that down to 1000x the median ($192,000,000) and they will be just fine.
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Each year, the upper limit drops by 100 million.
But there'd have to be a few ' good' billionaires in there so we have someone to root for.