The top 25 hedge fund managers earn more than all kindergarten teachers in U.S. combined. “‘Last year turned out to be the worst one for this elite group of investors since the stock market meltdown of 2008,’ Institutional Investors’ Stephen Taub writes, adding, ‘How bad was it?’ apparently without irony.”
“The Education Department’s tallies of all teachers in elementary and secondary schools nationwide found that they made about $56,600 [in the 2011-2012 school year]. But kindergarten teachers are a different group. For that, we turn to the Bureau of Labor Statistics. In 2012, the nation had about 158,000 kindergarten teachers, excluding whose who work in special education. The average salary was $53,480.
So. What about the other end of the spectrum? An annual ranking of top hedge fund managers found that the 25 most successful pulled in $11.62 billion in 2014.
In other words, those 25 men — yes, they were all men — made about $464 million apiece, just a bit more than the teachers’ $53,000.”