Average pay in 2006 for the top fund managers was $657.5 million
Top private-equity and hedge fund managers made more in 10 minutes than average-paid U.S. workers earned all of last year, according to a new study from two research groups.
The 20 highest-paid fund managers made an average of $657.5 million, or 22,255 times the U.S. average annual salary of $29,500, said the study, released Wednesday by the Institute for Policy Studies and United for a Fair Economy. The study cited data from the U.S. Labor Department and Forbes magazine.
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