I was browsing the internet and saw a great calculator:
“How long would it take me to earn Kylie Jenner’s annual pay?”
For those of you who don’t know, she’s part of the Kardashian clan. They’re famous for some reason or other.
I encourage you not to try one of these calculators. They’re pretty depressing.
It got me thinking though….How long would it take a Dow Jones CEO to earn as much as Kylie Jenner?
So I looked at Forbes and Yahoo Finance and some corporate filings to figure out how long it would take one of the CEO’s of the Dow Jones Industrials to earn as much as Kylie Jenner did in the 12 months ending June of 2018. According to Forbes, she earned $166.5 million over that period!
Not bad for a 20 year old.
The results are pretty amusing. It’s not quite fair since I used calendar year 2017 compensation for the CEO’s, so the timing is a bit off.
I did, however, include salary and stock options, so that gave the CEO’s a bit of a leg up.
The worst one I found was the CEO of Walgreens.
It turns out with a paltry 475k, Mr. James Skinner would take over 350 years to equal Kylie Jenner’s earnings! Assuming she works a standard 2080 hour year (40 hours per week,) then it would take her only 6 hours to earn as much as him!
The CEO’s of the companies that make up the Dow with 2017 averaged $16.43 million in compensation. At that rate, it would take just over 10 years to earn as much as she does!
That’s not good news for them since according to a Harvard Law School article, the average tenure of a CEO at large US companies at the end of 2017 is 5 years.
There is someone with some hope of catching her, and that is the CEO of JP Morgan Chase. Mr. Jamie Dimon, with 2017 earnings of almost $119 million. It would only taking him about a year and a half to make as much as she does. Way to go Jamie!
I have included the full list below and how many years it would take them to make as much as Kylie.
In perspective, it makes me think how we look at our own wealth.
Are we comparing it to the right measure or are we looking at it from an unrealistic lense?
Or are we not realizing our full potential with limiting beliefs?
Money is funny that way, isn’t it?
To your success,