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These four hedge fund guys out-earned every kindergarten teacher in America [1]

['Matthew Yglesias']

Date: 2014-05-06

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.

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[1] Url: https://www.vox.com/2014/5/6/5688794/these-four-hedge-fund-guys-out-earned-every-kindergarten-teacher-in

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