These hedge fund managers made more than $3 million a day last year


This is what people mean when they talk about the new wealth gap between the rich and the super rich. Americans may be trying to keep up with the Joneses, but the merely rich are trying to keep up with the Teppers.

To really understand how much the hedge funders earn, you need to break it down, by days and hours. The top four hedge funders earned more than $3.5 million per day last year — assuming they worked all 365 days. And assuming that they worked 24 hours a day, they each earned more than $145,000 per hour, or $2,400 per second.

Put another way, the top hedge funders earned more than twice as much in one hour as the average American makes in a year.

Here is how much the top five hedge fund managers made each day and hour last year.

Source link

Products You May Like

Articles You May Like

How to play rising interest rates based on your age
Stephen Bannon buys into Bitcoin
Shares of chipmaker NXP on wild ride amid conflicting reports about Chinese approval of Qualcomm bid
If you are your own boss, don’t miss this tax deadline
3 reasons ethereum is a better bet than bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *