Here's a great point a reader flagged for me about the top 25 hedge fund managers. If you ignore the bottom 22 and just focus on the top three, it turns out that David Tepper, John Paulson, and Steven Cohen earned a combined $8.2 billion last year.
By contrast the BLS reports that there were 157,800 kindergarten teachers earning an average of $52,840 per year. That comes out to about $8.34 billion. That's a bit more. Then throw in the #4 hedgie and it looks like James Simons made $2.2 billion. In other words the earnings of just four guys absolutely dwarf the combined salaries of all 157,800 kindergarten teachers.
Will you support Vox’s explanatory journalism?
Most news outlets make their money through advertising or subscriptions. But when it comes to what we’re trying to do at Vox, there are a couple reasons that we can't rely only on ads and subscriptions to keep the lights on.
First, advertising dollars go up and down with the economy. We often only know a few months out what our advertising revenue will be, which makes it hard to plan ahead.
Second, we’re not in the subscriptions business. Vox is here to help everyone understand the complex issues shaping the world — not just the people who can afford to pay for a subscription. We believe that’s an important part of building a more equal society. We can’t do that if we have a paywall.
That’s why we also turn to you, our readers, to help us keep Vox free. If you also believe that everyone deserves access to trusted high-quality information, will you make a gift to Vox today?
Yes, I'll give $5/month
Yes, I'll give $5/month
We accept credit card, Apple Pay, and
Google Pay. You can also contribute via
