Re:Reaching the $5 Million Club Takes an Open Mind
by stcredzero on Tuesday August 05, 2008 @01:50PM
(#267668)
Robert Maxwell was an avowed socialist. He was once a rival to Rupert Murdoch in the news business. He was also called a "champagne socialist." I remember on 60 Minutes, he was asked how he could be a socialist and yet have the private jet and the yacht. He replied that he was forced by his position in our society as a captain of industry to have all the trappings.
It is not that completely different players play each season. I don't have any numbers but I would say that 10% new players each year seems more likely.
Also, I don't know exact salaries but I would say that it is winner takes it all. Most players don't have so huge payoff.
"There are about 700,000 doctors in the USA. 15% of those doctors are surgeons and anesthetists, specialties where you can make $500K/yr. So, 105,000 pentamillionaire doctors..."
You don't know their savings habits. If you make such money and have guarantee of similar earnings in the future, it is hard to resist spending more.
EDIT: The problem with entertainment sector is that some of them actually have huge salaries, but they are also forced to spend a lot of money. If you're a celebrity, you're forced by society to rent a jet, wear Dior, own a mansion etc.