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HIS AIRNESS AND HIS MONEY
Michael Jordan recently signed a 1 year contract worth $32 million.
This adds to the more than $35 million he earns annually from a variety
of endorsements.
How do you visualize more than $60 million per year of income. Let us
count the ways.
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Michael Jordan will make over $300,000 a game,
$10,000 a minute
assuming he averages about 30 minutes a game.
Assuming $40 mil in endorsements next year,
he'll be making $178,100 a
day(working or not)!
Assuming he sleeps 7 hours a night, he makes
$52,000 every night while
visions of sugarplums dance in his head.
If he goes to see Men in Black, it'll cost
him $7.00, but he'll make
$18,550 while he's there.
If he decides to have a 5 minute egg, he'll
make $618 while boiling it.
He makes $7,415/hr more than minimum wage
(after the wage hike)
He'll make $3,710 while watching each episode of
Friends.
If he wanted to save up for a new Acura NSX
($90,000) it would take him a whole 12 hours.
If someone were to hand him his salary and
endorsement money, they would have to do it at
the rate of $2.00 every second.
He'll probably pay around $200 for a nice round
of golf, but will be
'reimbursed' $33,390 for that round.
He could take 1/100,000th of his income and buy
some poor college
student 5200 packages of Ramses Condoms.
Assuming he puts the federal maximum of 15% of
his income into his tax deferred account (401k), he will hit the federal
cap of $9500 for such accounts at 8:30 a.m. on January 1st, 1998.
If you were given a tenth of a penny for every
dollar he made, you'd be living comfortably at $65,000 a year.
He'll make about $19.60 while watching the 100
meter dash in the Olympics.
He'll make about $15,600 while the Boston
Marathon is being run.
While the common person is spending about $20
for a meal in his trendy Chicago restaurant, he'll
pull in about $5600.
Next year, he'll make more than twice as much as
all of our past presidents for all of their terms combined.
And something to cheer you up after all of this.....
Jordan will only have to have this income for
270 more years to have a net worth equivalent to that of
Bill Gates.
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