Murphy Lee Net Worth 2022: A Shortage of Celebrity Net Worths
When it comes to celebrity net worths, there’s a shortage. There’s a lack of high-end net worths, which is surprising when you consider how many celebrities are worth millions of dollars. Many of these public figures have been in the spotlight for decades and should be set for life with all their earnings and investments. So why do we have so few celebrities with high net worths? The answer is simple: Inflation. It’s no secret that money doesn’t go as far as it used to, and the same goes for famous people. An article from CelebrityNetWorth.com revealed some shocking statistics about famous people and their money:
People with famous names make more money.
A survey of the top 500 companies in America revealed that people with common names like John and Susan do not earn as much as people with famous names like Jennifer Lopez, who made an average of 21 times more than the average American salary. Actors, directors, and actresses all make more than $80,000 per year on average just by having a recognizable name, while people with common names earn $37,000 annually. The more famous the name, the more money you can earn. This is because companies are willing to pay more for the public to recognize their brand. Celebrities are paid in many different ways, but one of the most common is with shares or stock options. This means that you will receive shares of the company you are working for. These shares can then be sold on an exchange, and you will receive the money from the sale.
Celebrity marriages are worth a lot of cash.
The divorce rate is over 40% in America, but it’s not all bad news for celebrities, who have an 80% divorce rate. Although losing a spouse in a divorce is one of the most painful experiences a person can go through, it can also be extremely profitable for celebrities. For example, when celebrities like Brad Pitt, Angelina Jolie, and Johnny Depp get divorced, it’s estimated that they will each receive $100 million, making it one of the most expensive divorces in history. These divorce settlements are often worth millions of dollars because they’re finalized with a prenuptial agreement. A prenuptial agreement is a contract signed before marriage that states how your assets will be distributed in the event of a divorce.
Big bank players in the music industry lose out on big bucks.
The music industry is one of the most lucrative industries in the world, but how come we don’t have a lot of music millionaires? The answer is simple – record companies take most of the earnings. The average music artist only earns around 15% of their total income, while the record companies keep the rest. While it’s true that many celebrities get rich from being in the music industry, most are shortchanged by the record companies and never become millionaires. The record companies pay royalties to the artists each time their songs are played on the radio or at live concerts. These royalties are a percentage of the earnings made from the public hearing their music. The major record companies have been caught in a lot of scandals, and many artists have sued them for underpaying royalties for their music.
And last but not least, athletes earn less as time goes by.
Athletes earn huge amounts of cash during the prime of their careers, but as time goes by, their earnings go down drastically. With the exception of golf, tennis, and basketball, there aren’t many sports that make athletes millionaires. Even though professional soccer is the second most popular sport in the world, it only pays its players $1.7 million on average. The average NFL salary is $1.9 million, while the average NBA salary is $5.6 million. Baseball players only earn $2.4 million on average, and hockey players only make $2 million. If we consider that most athletes lose their ability to play at a high level after 35 years of age, their net worth will significantly decrease.
So why do these people keep working? They just need the dough!
Many celebrities continue to work long after they’ve earned enough money to retire comfortably. Some celebrities keep working because they need the extra money. Others just enjoy being in the public eye and being recognized. Brad Pitt and Angelina Jolie, who have the highest divorce settlements in history, have had a combined fortune of $360 million. While that is a lot of money, it’s nowhere near enough to keep them living the lifestyle they’ve grown accustomed to.
Celebrities are rich, but they don’t always stay rich. In many cases, this is a result of the record companies not paying their worth. Others simply can’t afford to keep up a lavish lifestyle as they age. With this in mind, it’s important to remember that no matter how rich and famous someone is, they could lose it all in the blink of an eye.