25 Americans Earn As Much As Half-A-Million AmericansApril 1, 2011 10:57 am
Who could they possibly be? Hedge Fund Managers, of course.
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.
Statistics Source: CNBC