Popular myth today asserts the belief that CEOs are earning outrageous amounts. But that’s a narrow view. Let’s look at the facts.It’s true that the best CEOs among us are making far more money today than they did 50 years ago.
It’s a global market now, and opportunities are much larger for everyone today. In 2020, a CEO at one of the top 350 firms in the U.S. was paid on average $24.2 million, including all options that were redeemed in that year.However, the best actors, musicians, and athletes earned more — much more.
In 2021 the average pay for a top 10 actor was $29 million, a 10 top musician $230 million, and a top 50 athlete $280 million! The career choice and sacrifice required to become a top actor, musician, athlete, or entrepreneur in society leads to very few making it all the way. Nobody gets to the top for free. However, the opportunity is there for everyone. It helps if your parents are already established.
In sports, Brett Hull was Bobby Hull’s son, Stephen Curry is Dell Curry’s son, and Payton and Eli Manning were Archie Manning’s boys. It happens for actors, as well. Dakota Johnson’s parents were Don Johnson and Melanie Griffiths, Emilio Estevez and Charlie Sheen’s father is Martin Sheen, Angelina Jolie’s father is Jon Voight are both are Oscar winners.
Music can also be a family business. Jakob Dylan followed his father’s footsteps, as did Carnie and Wendy Wilson, and Julian and Sean Lennon.“Riches are not an end of life but an instrument of life.” – Henry Ward BeecherYou can see a pattern here. What we’re exposed to growing up can influence possibilities and opportunities for us as adults.
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