I was looking at a list of the richest people in NYC.
Most of the list was hedge fund managers. Each was worth multiple billions of dollars.
This might be a dumb question, but how do they accumulate that much wealth? Is it commissions on the money they make for people?
Are the commissions huge? Or they just manage so much money that it adds up?
I get that it's lucrative, but the earnings seem so out line vs other professions - like a law firm partner or hell, even Jack Bogle didn't make it to 1 billion. I can't image what it takes to accumulate multiple billions of dollars that way.
Submitted April 18, 2019 at 12:34AM by Pleather_Boots http://bit.ly/2DigHkA
