Private equity?
Entrepreneur?
Road race prize money?
Only looking for legal means.
Private equity?
Entrepreneur?
Road race prize money?
Only looking for legal means.
I'm a teacher. Bring in just over 5 mil, but it's really not a lot tbh.
Maybe if you worked in the summer you could do better.
This question makes me wonder if there's anyone whose annual salary is over 5 million - nothing including stocks, options, bonuses etc (although they probably have them too), but just an annual guaranteed base salary of over £5m.
Ah lol, forgot about sports players.
i bet he coukd wrote:
Private equity?
Entrepreneur?
Road race prize money?
Only looking for legal means.
It would not count here anyway unless the same poster ran sub-14:00 for 5,000 meters and married a supermodel.
HM guy wrote:
This question makes me wonder if there's anyone whose annual salary is over 5 million - nothing including stocks, options, bonuses etc (although they probably have them too), but just an annual guaranteed base salary of over £5m.
Wouldn’t be surprised if a few ceos and general counsel of f500 companies make that, but that would be it (excluding athletes)
If you want to make more than 5mil a year, you can’t make a true salary
Free_the_thigh wrote:
HM guy wrote:
This question makes me wonder if there's anyone whose annual salary is over 5 million - nothing including stocks, options, bonuses etc (although they probably have them too), but just an annual guaranteed base salary of over £5m.
Wouldn’t be surprised if a few ceos and general counsel of f500 companies make that, but that would be it (excluding athletes)
If you want to make more than 5mil a year, you can’t make a true salary
The big numbers, other than pro athletes, almost always come from deal-based compensation. My salary is probably comparable to a good company's VP level comp, but I do okay on deal performance.
Soros pays me that much to promote the Gates vaccine on here.
Start a shoe company for runners instead of the incredibly crappy shoes that all companies are making nowadays.
If a shoe company asked me to critique their shoes, I would rip them apart.
I don’t think even Kipchoge made five mil in road race prize money.
$5 mil a year is about average for the CEO of a large company. It is usually a mix of about half in restricted stock, a quarter in salary and another quarter in various incentives.
As you get into the huge publicly traded corps, other c-suite people can make $5 mil a year (CFO, COO, General Counsel, some of the VPs, division heads). I knew a CFO of one of the divisions at Enron. He made out with about $30 mil in compensation over about 6-7 years with the company. He lost an ungodly sum in his stock options, but managed to start a hedge fund with his $30 mil and blew that when energy markets crashed in 2008.
Partners at Big Law firms can do $5 mil a year when things are really humming along. Plaintiff's lawyers can get that kind of money, but it usually comes in chunks as big cases get settled.
Some real estate developers can do $5 mil a year. I worked for a guy who built grocery store anchored strip malls. He would clear about $1 mil on each project when completed and sold. When times were good, he would have about a dozen projects going across the US and would sell about half of them every year.
You would think that the Brojo's net $5 Million each with their Russian troll outfit.
Ex’s father made close to that. Extremely senior at Latham & Watkins, worked in M&A, and had decades of investments built up.
I wouldn’t wish his existence on my worst enemy. Mid 50s and he was still pulling all nighters, 2 failed marriages, had some weird relationship with his daughter (hallmark of her rich social group tbh).
My old boss worked in private equity. He said a turning point for him was when a very wealthy client drunkenly chastised his colleague for missing some social event (kid’s birthday or something), saying ‘well done, you’re king of the rat race, but you’re still a rat’.
And that’s if you get there. Plenty burn out long before they get the F U paycheque.
You need to specify a bit more. Is this 1 year, for 2+ years consecutively etc. does unvested equity count?
Incomes at that threshold are highly variable
I have a relative that makes $5-$7 million pre-tax. He is majority owner in a mid-cap company.
Unfortunately, he also is a mess. Gambles like crazy, Vegas and stock market. Alcoholic, addicted to pills, marijuana (although that's been a good thing as it keeps him off the harder stuff). He doesn't seem to hang out with anyone ever, don't know what happened to his friends.
Money can do some bad stuff to you if you aren't vigilant. Very few people are.
I make that much money. Actually, quite a lot more this year since things have gone well, investing wise anyway.
i bet he coukd wrote:
Private equity?
Entrepreneur?
Road race prize money?
Only looking for legal means.
I'd tell you, but your cut off is $5MM and above, and I work part time and only make $4.99MM, so I guess you aren't interested in my story.
SeattleSilver wrote:
I'd tell you, but your cut off is $5MM and above, and I work part time and only make $4.99MM, so I guess you aren't interested in my story.
Nope, we are not interested.
Yes, from investments, dividends and interest thanks to a large lottery win in 2015.