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Is this even a serious question??? Price being no object, I'd buy a .50 BMG any day of the week and twice on a Sunday before buying a .500 S&W handgun.
Price being what it is, however, I don't own either - and have no plans for a .500 S&W Handgun.
Realistically, given the money, I would rather just get another used S&W Model 29 or 629 with a half lug barrel, shorten the barrel to 5", and get an action job. I would then spend any remaining funds on components. A 240 grain bullet at around 1250 fps is enough to scratch my magnum revolver itch.