what is considered a high net worth individual
High-net-worth individual High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible assets (such as stocks and bonds) exceed a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million.[1][2][3]
List of highest paid Major League Baseball players The highest paid player in Major League Baseball (MLB) from the 2013 season is New York Yankees' third baseman Alex Rodriguez with an annual salary of $29,000,000, $4 million higher than the second-highest paid player, Cliff Lee. MLB does not have a hard salary cap, instead employing a luxury tax which applies to teams whose total payroll exceeds certain set thresholds for a given season.[1][2] Free agency did not exist in MLB prior to the end of the reserve clause in the 1970s, allowing owners before that time to wholly dictate the terms of player negotiations and resulting in significantly lower salaries. Babe Ruth, widely regarded as one of the greatest baseball players ever, earned an estimated $910,696 ($14,341,967 inflation-adjusted from 1931 dollars) over his entire playing career.[3] When asked whether he thought he deserved to earn $80,000 a year ($1,146,932 inflation-adjusted), while the president, Herbert Hoover, had a $75,000 salary, Ruth famously remarked, "What the hell has Hoover got to do with it? Besides, I had a better year than he did."[4][5]