Telling the truth about SME life today

Who is the best-paid man in the world

Who is the best-paid person in the world

Is it overpaid footballer Cristiano Ronaldo?

Hollywood heartthrob Zac Efron?

Goldman Sachs’ CEO Lloyd Blankfein?

Wrong, wrong, wrong!

Meet 53-year-old hedge fund manager David Tepper, of Appaloosa Management. In 2009, David Tepper earnt $4bn, according to the BBC.

I’m not sure whether it’s awe-inspiring or sickening, but it’s a HUGE amount of cash to earn in one year. Four billion dollars a year works out as $11m per day, or $1.2m per hour (based on a 9-hour working day). (Of course, most of this is in his bonus, not salary.)

The BBC piece is eye-opening – £4bn could buy you Montenegro (whose entire economic output is the same as David Tepper’s earnings in 2009); or all of Marvel Comics (including the Spiderman, Iron Man and X-Men franchises, which Disney bought for $4bn in 2009); or the World Cup (Qatar is spending $4bn on building nine new stadiums for the 2022 World Cup); or much, much more (obviously).

Hedge fund rich list 2009

Hedge fund manager Hedge fund group Earnings

Source: AR Magazine

David Tepper

Appaloosa Management

$4bn (£2.5bn)

George Soros

Soros Fund Management

$3.3bn

James Simons

Renaissance Technologies

$2.5bn

John Paulson

Paulson & Co

$2.3bn

Steve Cohen

SAC Capital Advisers

$1.4bn

Carl Icahn

Icahn Capital

$1.3bn

Edward Lampert

ESL Investments

$1.3bn

Ken Griffin

Citadel Investment Group

$900m

John Arnold

Centaurus Advisors

$900m

Philip Falcone

Harbinger Capital Partners

$825m



Trending

Topic

Related Stories

More From

Trending

If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!