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"750 MLB players + 460 NBA Players + 1700 NFL players = 2910. Let's multiply that by the past 10 years = 29,000 current or former pro sports players who are pen
by maurycy 18y ago
"750 MLB players + 460 NBA Players + 1700 NFL players = 2910. Let's multiply that by the past 10 years = 29,000 current or former pro sports players who are pentamillionaires"
It is not that completely different players play each season. I don't have any numbers but I would say that 10% new players each year seems more likely.
Also, I don't know exact salaries but I would say that it is winner takes it all. Most players don't have so huge payoff.
"There are about 700,000 doctors in the USA. 15% of those doctors are surgeons and anesthetists, specialties where you can make $500K/yr. So, 105,000 pentamillionaire doctors..."
You don't know their savings habits. If you make such money and have guarantee of similar earnings in the future, it is hard to resist spending more.
EDIT: The problem with entertainment sector is that some of them actually have huge salaries, but they are also forced to spend a lot of money. If you're a celebrity, you're forced by society to rent a jet, wear Dior, own a mansion etc.
- stcredzero 18y agoRobert Maxwell was an avowed socialist. He was once a rival to Rupert Murdoch in the news business. He was also called a "champagne socialist." I remember on 60 Minutes, he was asked how he could be a socialist and yet have the private jet and the yacht. He replied that he was forced by his position in our society as a captain of industry to have all the trappings.
- aneesh 18y agoYeah, sports stars and celebs are typically horrible at saving money. It's all spend, spend, spend. There are exceptions, but they're just that - exceptions.