After a quick google, it seems he was granted $500,000 (paid over 5 years) in 1990. [1]
This seemed like quite a lot until I divided it by the 25 years he's been living on it. £20k/year doesn't actually strike me as that much.
This seemed like quite a lot until I divided it by the 25 years he's been living on it. £20k/year doesn't actually strike me as that much.
You should learn about investing.
If he invested the initial amount without spending it, a moderate dividend yield of 3% would make him $15000 a year. Add 25 years of dividend growth, and he is probably receiving $50000-$100000 today, or even more if he reinvseted some of the dividends.