The top 1% earned $516K last year.
So, yeah. Hermann’s in the club.
I thought the top 1% started at around $350K/year?
Depends how you define 1%. If it is last years’ income (not including capital gains), then yeah, he is in the 1%. If it is net worth, I doubt $3 million will get you in the 1%.
Rush just said the top 1% is anyone making over $350K