How can a millionaire not know what she's worth?
James Cusick is political correspondent of The Independent and The Independent on Sunday. As an experienced member of the lobby, he has previously worked at The Sunday Times and the BBC. His career as a journalist has been split between print and television, including senior positions as producer with Sir David Frost and at BBC Newsnight. He is also an award-winning golf and travel writer, working for over a decade as the UK contributing editor for one of the USA’s leading golf magazines. He broadcasts regularly for the BBC and CNN. He lives in London.
Wednesday 11 October 1995
In the music industry all of Britain's top 20 earners disclose annual incomes above pounds 1m. Four earn more than pounds 12m in any year. Elton John's rock'n bankroll earned him pounds 17.7m in the last money charts. Happenstance Ltd has one employee: Elton John. Since 1989 he has also been the sole employee of J Bondi Ltd, with other income from William A Bong Ltd. All indications are that since a well publicised fracas over royalties in the early part of his career, Mr John has taken on board the general wisdom once espoused by Spike Milligan: "Money," said the Goon, "can't buy friends, but it can buy you a better class of enemy."
Like musicians, the world's best sports stars are among the highest earners. Steffi Graf, Nigel Mansell, Andre Agassi, Eric Cantona, Nick Faldo and others all have the kind of incomes most countries' finance ministers would be happy to juggle with.
One leading sports management consultant says that "client financial services" would normally be offered to new recruits to the earnings super- league. The business-speak of the sports industry is now far from anything to be found in a sports dictionary. Talk is all financial planning, high net worth, loss leaders for potential new stars, contract negotiations. "Each client is different," says our consultant. "Some are not at all interested in business or finance. Some appear to care, but don't. Some know everything and prefer their finances managed separately."
But is money, dosh, filthy lucre the motivator? "No" is the stark reply. And is it possible, believable, that someone at the highest peak of their sport, cannot know what they are worth? "I could completely believe that was possible," he says.
Life & Style blogs
This restaurant has misunderstood the concept of 'cheese and biscuits'
The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
Mother's Day 2015: When is it – and how did it first come about?
Google Plus might be dead, as ‘Streams’ and ‘Photos’ take its place
Samsung Galaxy S6 and Galaxy S6 edge launch and review: wireless charging and new case see Samsung ready to take on Apple's iPhone
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
- 1 End of the licence fee: BBC to back radical overhaul of how it is funded
- 2 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 3 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 PornHub turns masturbation into energy in bid to save the planet
£45000 - £55000 per annum + 30 days holiday: Ashdown Group: Finance Manager - ...
£28000 - £30000 per annum: Ashdown Group: 3rd Line Support Engineer / Network ...
£26000 - £33000 per annum: Recruitment Genius: A Web Developer is required to ...
£45000 per annum: Ashdown Group: PeopleSoft Application Support & Development ...