Top management in manufacturing and engineering is what GM level, CEO, Chairman? These companies are usually very flat in hierarchy, but taken say a senior banker in his 50's and a similiar senior exec in the manufacturing/engineering industry around the same age today.
Families that I know in the latter are typically majority shareholders in the a listed company. Even top level exec in engineering I know owns several landed properties.
But the wealthiest still goes to the manufacturing execs who started off maybe around the 90's? Their network easily 100's of millions. Friend of mine accidentally disclosed his family earns about 400k a month (initial I thought he was talking annual lol).
Anyway most of the professionals make their money from their property investments, even bankers who started off in the 90's maybe made their pot by buying some GCB when it was cheap. Manufacturing companies rode on the consumer wave.
Tommy Goh is an example of a previously top level manufacturing exec, if you not familiar google up JIT Holdings
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Originally Posted by Unregistered
There are different types of top management.
If you're in top management in the financial sector, you can retire very comfortable, living in a paid up landed property or paid up luxury condo and still owning a paid up nice car, in your 40s. Your passive income in retirement can even be higher than the salary of those in top management of the manufacturing and engineering sectors.
If you're in top management in the manufacturing or engineering sectors, you will need to work longer and can only retire in your late 50s. You will not be retiring in a landed property and can only afford to retire in a cheap $2m condo. Your annual salary package can be less than the passive income of those retired top management in the financial sector.
This is the reality.
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