Top 25 Hedge Fund Managers Make Almost $1 Billion Each – And Pay Less Taxes Than You.
source: http://www.care2.com/causes/top-25-hedgefund-managers-make-almost-1-billion-each-and-pay-les...
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- GoodGodGuy
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Ten years ago, when the hedge fund industry was much smaller than it is today, it took 25 hedge fund managers to earn a combined annual payday of $5 billion.
Last year, it took only one.
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Last year was very lucrative for some of the biggest and best-performing hedge funds’ chiefs. Wealth was so concentrated that a mere 25 people pocketed a total of $22.07 billion, according to this year’s annual ranking by AR Magazine, which tracks the hedge fund industry. At $50,000 a year, it would take the salaries of 441,400 Americans to match that sum.
Read more: http://www.care2.com/causes/top-25-hedgefund-managers-make-almost-1-billion-each....
Last year, it took only one.
…
Last year was very lucrative for some of the biggest and best-performing hedge funds’ chiefs. Wealth was so concentrated that a mere 25 people pocketed a total of $22.07 billion, according to this year’s annual ranking by AR Magazine, which tracks the hedge fund industry. At $50,000 a year, it would take the salaries of 441,400 Americans to match that sum.
Read more: http://www.care2.com/causes/top-25-hedgefund-managers-make-almost-1-billion-each....
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