The most recent listing of the top 40 hedge fund moguls who sit on top of our income pyramid. Together, their personal income from hedge fund hustling was $12.8 billion in 2011. The top hedge fund guru, Raymond Dalio, the founder of Bridgewater Associates, hauled in $3 billion all for himself, which comes to a whopping $1,442,308 an HOUR, (assuming he worked 40 hours a week for 52 weeks).
It would take the typical U.S. family 29.2 YEARS to earn as much as Mr. Dalio earned in one HOUR.
How much is $3 billion per year?
That’s What 85,911 entry level teachers earn. Wall Street’s top hedge fund manager earns as much in one year as tens of thousands of entry level teachers who on average earn $34,920 a year.
Hedge fund manager Paul Tudor Jones owns a trio of private islands that spell out his initials. They are part of a 3,000 acre wildlife preserve he owns on the Chesapeake Bay in Maryland.
Hedge fund manager Louis Moore Bacon bought Robins Island, off the coast of Long Island, for $11 million