Average Income of a Billionaire

What is the Average Income of a Billionaire?

There are around 1100 Forbes Billionaire (2009) and the Income of the all the Billionaires varies very highly because of several reasons. So it is almost impossible to count the average income of a Billionaire. Let me explain you this by an example.

Steve Jobs receives only $ 1 per year salary…!!!

Take the example of Steve jobs, the founder of Apple Corporation. Steve receives only $ 1 per year salary from Apple Corporation which is lowest in the Guinness Book. Now, you will think that how can this be possible? How can a Billionaire live on $ 1 per year salary?

Well, he receives millions of dollars as dividends and bonuses from Apple Corporation. Because he owns a large chunk of Apple Shares. This arrangement is done for the tax break. As there is minimal tax on Dividend distribution and higher tax on the Income so Billionaires prefer to keep their Income low and Bonuses and Dividends more.

Warren Buffet’s annual Salary is just $ 1,00,000

Take the Example of Warren Buffet. Buffet takes only $ 1,00,000 per year salary since last more than 15 years. Now, This much amount of salary is well below than the average salary of some top level executive. Buffet takes millions of dollars as bonuses and dividends.

Thus, Billionaires are so much smart that they keep their Income at ground zero level. So it is almost impossible to calculate the average Income of the billionaires. Another thing is that, The Income of the Billionaires has nothing to do with their life style. Because most of the time, the several companies they own pay all the expenses of his life style.

Thus, Income of the Billionaires has nothing to do with their life style.