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After a quick google, it seems he was granted $500,000 (paid over 5 years) in 1990. [1] This seemed like quite a lot until I divided it by the 25 years he's be
by BuildTheRobots 11y ago
After a quick google, it seems he was granted $500,000 (paid over 5 years) in 1990. [1]
This seemed like quite a lot until I divided it by the 25 years he's been living on it. £20k/year doesn't actually strike me as that much.
[1] http://en.wikipedia.org/wiki/MacArthur_Fellows_Program http://en.wikipedia.org/wiki/MacArthur_Fellows_Program
- deleted 11y ago[deleted]
- muuh-gnu 11y ago> £20k/year doesn't actually strike me as that much. You should learn about investing. If he invested the initial amount without spending it, a moderate dividend yield of 3% would make him $15000 a year. Add 25 years of dividend growth, and he is probably receiving $50000-$100000 today, or even more if he reinvseted some of the dividends.
- chc 11y agoHe has received more and larger cash inflows than that.