How Do Politicians Get Rich?
- by admin
On Tuesday, The New York Times published a front-page story about how some high-profile people have built fortunes on their political careers.
Among them, former Sen. Joe Biden (D-DE), former Gov.
Mike Huckabee (R-UT), former Sen, Sen. Jim DeMint (R) and former Gov., former Gov.-elect Scott Walker (R).
According to the Times, many of these high-powered individuals have gone on to make billions.
But the Times’ list of the most powerful politicians who’ve made their money is not just the best in the business, it’s one of the best-read of any of the major publications.
The article details the careers of Biden, Huckabee, DeMind, and Walker.
It also details the paths of several of the other politicians, including Biden, DeNint, and DeMints.
The Times cites a study conducted by the Harvard Business School’s Sloan School of Management, which found that these high profile figures have had a number of successful businesses: The top 10 percent of earners in 2016 earned an average of $6.4 million per year, while the top 1 percent earned $9.6 million.
That’s $16.6 billion in annual income, according to the study.
On Tuesday, The New York Times published a front-page story about how some high-profile people have built fortunes on their…